New stock news | Silicon-based mobile delivery table Hong Kong Exchange is China's largest independent ecological element supplier

According to the disclosure of the Hong Kong Stock Exchange on June 30th, Beijing Silicon Mobile Technologies Co., Ltd. (referred to as Silicon Mobile) has submitted a listing application to the main board of the Hong Kong Stock Exchange, with Huatai International and Haitong International as the joint sponsors. Company Profile The prospectus shows, according to data from Frost & Sullivan, based on the word element throughput in 2025, Silicon Mobile is the largest independent word element supplier in China, ranking among the top five word element suppliers in China. With the company's proprietary inference engine and capability resource scheduling system, the company effectively aggregates, optimizes, and arranges heterogeneous computing resources from different suppliers and hardware architectures, converting underlying computing power into standardized, reliable, and scalable word element supply. Through this, the company can seamlessly access and deploy AI capabilities in a wide range of advanced models, providing industry-leading cost-effectiveness. The company mainly delivers core capabilities through public cloud services and on-premises deployment solutions, serving customers across various industries. As of April 30, 2026, the company's platform has over 10 million registered users, with a daily word element throughput of approximately 578.5 billion times in April 2026, and a peak daily word element throughput of approximately 1,071.4 billion times. By the final feasible date, the company has provided services to over 13,000 business customers, and the platform cumulatively supports over 170 models. As a key system software pillar in the AI technology stack, the company connects computing resources, models, and AI applications, providing attractive value to participants in the AI industry chain. The company provides one-stop access to multiple AI models and infrastructure capabilities for customers in various industries, enabling more efficient and cost-effective deployment of AI applications. For ecosystem partners, the company opens an independent platform for chip designers, computing resource suppliers, model developers, and toolchain and application creators to collaborate through a unified system software. By providing cross-chip and multi-model adaptation, inference optimization, heterogeneous resource scheduling, and standardized word element delivery capabilities, the company helps ecosystem partners improve commercial efficiency, expand deployment opportunities, and accelerate AI adoption. With AI applications evolving towards continuous task execution and increasingly complex multi-step workflows, China's emerging word element supply market is transitioning to a rapid expansion phase of large-scale AI inference demand, showing explosive growth. By word element throughput, the scale of the Chinese word element supply market is expected to grow by 1,602.6% from 2024 to 2025, reaching approximately 5.32 trillion trillion word elements by 2030, with a compound annual growth rate of 638.3% from 2025 to 2030. Financial Information Revenue: During the period from August 29, 2023, to December 31, 2023, the fiscal years 2024 and 2025, the company achieved revenues of RMB 0.06 million, RMB 73.46 million, and RMB 553.3 million, respectively. Loss: During the period from August 29, 2023, to December 31, 2023, the fiscal years 2024 and 2025, the company experienced losses of RMB 12.23 million, RMB 81.915 million, and approximately RMB 345 million, respectively. Gross Margin: In 2023, 2024, and 2025, the company's gross margins were 83.3%, 39.4%, and -24%, respectively. Industry Overview AI is becoming the core drive of the new industrial revolution and productivity revolution, following steam, electricity, and information technology, leading the global economy and society into a new stage of development characterized by intelligence. In terms of market size, by revenue, the global AI market has grown from approximately RMB 2.2 trillion in 2021 to approximately RMB 5.9 trillion in 2025, with a compound annual growth rate of 27.6%. It is expected to grow at a compound annual rate of 36.0% to approximately RMB 26.3 trillion by 2030. The development of AI applications depends on the continuous improvement of infrastructure capabilities. The AI infrastructure layer mainly includes computing power, AI models, and system software. Computing power includes AI chips, AI servers, storage devices, and network/interconnect devices, providing the underlying resource foundation and operating environment for model training and inference. AI models include general AI models, industry-specific AI models, and multimodal AI models, determining the boundaries and application scope of AI capabilities. System software, as an intermediate layer for organizing and utilizing computing power, undertakes functions such as model deployment, inference execution, heterogeneous computing resource scheduling, and service distribution, maximizing the potential of computing power and AI models. By adapting and packaging computing power and AI models, system software provides callable, manageable, and sustainable AI capabilities for downstream applications. In the background of the large-scale deployment and rapid growth of AI inference demands, the industry has seen the emergence of word element supply platforms, products, and business forms built on top of AI infrastructure system software. Word element supply platforms integrate key system software capabilities such as inference engines, heterogeneous computing resource scheduling, model deployment, service distribution, operations management, measurement, and word element delivery. By organizing and coordinating these capabilities around word production, arrangement, optimization, and delivery, word element supply platforms transform dispersed computing resources and models into stable, efficient, and scalable word services. AI applications are evolving from single question-answer interactions to multimodal interactions, complex task execution, and continuous intelligent services, leading to higher-frequency and continuous word service demands. In 2025, the rapid expansion of word calls in China reached approximately 24.263 trillion word elements. Words are no longer just units of measurement in the input-output process of AI models but are gradually becoming standardized product forms for end applications: word element supply platforms produce and deliver words through computing power, AI models, and system software capabilities, while AI applications achieve intelligent services through continuous word calls and consumption. In 2024, China's word element throughput was approximately 142.5 trillion times, rapidly increasing to about 2,426.3 trillion times in 2025, with a growth rate of 1,602.6% from 2024 to 2025. This growth is mainly due to the continuous improvement of AI model capabilities, with AI usage evolving from single question-answer and content generation to continuous task execution, complex goal decomposition, multi-step tool invocation, and multimodal interaction, leading to simultaneous increases in inference call frequency, context length, concurrent demand, and task complexity. By 2026, word consumption is expected to further rise to around 5 trillion trillion times; it is estimated that China's word consumption will reach approximately 53.2 trillion trillion by 2030, with a compound annual growth rate of about 638.3% from 2025 to 2030. In this context, the word element supply market will unleash long-term, high-certainty market growth potential. In 2025, based on annual word call volume, the company ranks fourth in the Chinese word element supply market, with a market share of approximately 1.5%. Board of Directors Information The board of directors will consist of seven directors, including three executive directors, one non-executive director, and three independent non-executive directors. Equity Structure Employee incentive platforms include Silicon Future, Silicon Innovation, Silicon Exploration, and Silicon Excellence. Other SII include JiYuan Zheyuan, Shanghai KeHui, Lingang Guotai, Bailian Guotai, Kingdee, Tianjin SanKuai, Huakong Advanced Fund, Shangrao Carbon H, Shangrao Changxin, Beihai Juzhi Investment, Shenzhen StarChip, Beijing iSoftStone Information Technology, Unicom Network Security, Beijing Centergate Technologies Science City, Hunan Wanxing, Beijing Qihoo, Guangzhou Biren, National Xiang Business Heng, and Zhejiang Sensetime. Intermediary Team Joint Sponsors: Huatai Financial Holdings (Hong Kong) Limited, HAITONG INT'L Capital Limited Company Legal Advisors: Regarding Hong Kong and U.S. law: King & Wood Mallesons; Regarding Chinese law: Beijing Tongshang Law Firm Legal Advisors to Joint Sponsors: Regarding Hong Kong and U.S. law: Kirkland & Ellis; Regarding Chinese law: Hankun Law Firm Reporting Accountants and Independent Auditors: PricewaterhouseCoopers Industry Consultants: Frost & Sullivan (Beijing) Consulting Co., Ltd. Shanghai Branch