Qunhe Technology passes the Hong Kong Stock Exchange hearing: achieve profitability by 2025, aiming to become the "world's leading space intelligence stock"

Mars Finance reports that on March 29, Manycore Tech Inc. has updated its information package following the Hong Kong Stock Exchange hearing and has officially passed the listing hearing, becoming the first among the “Hangzhou Six Little Dragons” to reach the final IPO sprint stage. If successfully listed, the company will become the “world’s first space intelligence stock” on the Hong Kong Stock Exchange. According to the data, Manycore Tech is projected to achieve a revenue of 820 million yuan in 2025, with an adjusted net profit of 57.1 million yuan, turning profitable after previous losses. Over the past three years, the company has invested more than 1 billion yuan in research and development. The proceeds from this IPO will be primarily used for international expansion, product iteration, and core technology investment. The company owns products such as CoolJia, Coohom, and SpatialVerse, forming a closed-loop business of “spatial editing tools – spatial data – spatial large models.” Its open-source SpatialLM model once topped the HuggingFace trending list and has now partnered with companies like ZhiYuan Robotics and Hesai Technology in fields such as embodied intelligence and industrial twins, with applications spanning interior design, e-commerce, and XR. (Wide Angle Observation)