New stock news: Hail Technology submits documents to the Hong Kong Stock Exchange, ranking fifth among Chinese industrial-grade AI intelligence providers.

According to the disclosure on June 17 by the Hong Kong Stock Exchange, Beijing HaiZhi Technology Group Co., Ltd. (referred to as "HaiZhi Technology") has submitted an application for listing on the main board of the Hong Kong Stock Exchange. The joint sponsors for the listing are CMB International, BOC International, and Shenwan Hongyuan Group Hong Kong. The prospectus shows that HaiZhi Technology focuses on developing industry-level intelligent bodies through graphic model fusion technology and providing industry-level artificial intelligence solutions. According to Frost & Sullivan data, based on the 2024 operating income, the company ranks fifth among China's industry-level AI intelligent body providers; and is ranked first among China's graphic core AI intelligent body providers, with over half of the market share. The company is dedicated to solving the illusion problem of large language models. In September 2023, the company launched its Atlas intelligent body, which enhances the accurate reasoning ability of large language models in specific industry scenarios, thereby improving the reliability of enterprise applications. During the reporting period, HaiZhi Technology provided two groundbreaking artificial intelligence solutions to customers: (i) the Atlas Graph Solution, built on the company's strong graph computing and data analysis capabilities, including the DMC Data Intelligence Platform, Atlas Knowledge Graph Platform, and AtlasGraph Graph Database; (ii) Atlas intelligent body, an intelligent body solution developed based on the company's graphic model fusion technology. The company's solutions have been implemented in various application scenarios such as anti-fraud, intelligent marketing, intelligent operations, risk identification, data governance, and intelligent manufacturing. The company also expands into new application scenarios to empower customers' overall operations and decision-making processes. As of December 31, 2024, the company has cooperated with more than 300 customers, covering over a hundred application scenarios. Given the enormous potential of artificial intelligence, companies in various industries are actively exploring the application of AI technology in their business operations to improve operational efficiency and make more intelligent decisions. According to Frost & Sullivan data, the market size of industry-level AI solutions (based on revenue generated in China) is expected to increase from approximately 65.4 billion RMB in 2025 to approximately 286.1 billion RMB in 2029, with a compound annual growth rate of 44.6%. In terms of performance, in the fiscal years 2022, 2023, and 2024, HaiZhi Technology achieved revenues of approximately 313 million RMB, 376 million RMB, and 503 million RMB respectively; during the same period, it incurred annual losses of approximately 176 million RMB, approximately 266 million RMB, and 93.73 million RMB respectively.