New stock news | DiPu Technology submits application to the Hong Kong Stock Exchange, with a cumulative loss of approximately 2.4 billion in the past three years.

According to the disclosure by the Hong Kong Stock Exchange on April 15, DiPu Technology Co., Ltd. (hereinafter referred to as "DiPu Technology") has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CITIC SEC, CMBC CAPITAL, Guotai Junan International, Pu Yin International, and BOCOM INTL as its joint sponsors. The prospectus shows that DiPu Technology focuses on providing cutting-edge artificial intelligence solutions for enterprises, helping them to efficiently integrate data, decision-making, and operations on a large scale. The company has two basic infrastructures: the AI-Ready FastData Foil data fusion platform and the Deepexi enterprise-level large model platform, to achieve the deployment and implementation of Agentic artificial intelligence applications in enterprises. According to Frost & Sullivan data, the market size of enterprise-level large model artificial intelligence application solutions reached RMB 38.6 billion in 2024 based on revenue calculations and is expected to reach RMB 239.4 billion in 2029, with a CAGR of 44.0% from 2024 to 2029. Based on revenue calculations for 2024, DiPu Technology ranks fifth in the Chinese market for enterprise-level large model artificial intelligence application solutions, with a market share of 4.2%, expected to reach 4.4% in 2025. DiPu Technology's solutions help optimize decision-making, improve operational efficiency, and increase productivity in various industries. The company has commercialized its solutions in multiple vertical industries, including consumer retail, manufacturing, healthcare, and transportation. As of December 31, 2024, the company has served a total of 245 enterprise users worldwide, with 81 repeat customers, accounting for 33.1% of the company's customer base. In terms of finances, in the fiscal years 2022, 2023, and 2024, DiPu Technology achieved revenues of approximately RMB 100 million, RMB 129 million, and RMB 243 million respectively; with net losses in the same periods of approximately RMB 655 million, RMB 503 million, and RMB 1.255 billion respectively.