New stock news | 51WORLD submits documents to HKEX to rank first in the digital twin industry in 2024 in terms of revenue.

According to the disclosure on December 2nd by the Hong Kong Stock Exchange, Beijing 51WORLD Digital Twin Technology Co., Ltd. (abbreviated as 51WORLD) has submitted an application to the HKEx main board. CICC and Huatai International are the joint sponsors. The prospectus shows that 51WORLD is a digital twin technology company in China. The company has made significant investments in technology in the areas of 3D graphics, simulation, and artificial intelligence to develop core competencies. Digital twin technology is a high-precision virtual replication technology that uses 3D graphics, simulation, and AI to generate physical objects or systems (such as city buildings or vehicles). This virtual model can accurately reflect corresponding objects in the real world, allowing users to observe, analyze, and predict their behavior and changes over time. Digital twins are used in various fields, such as simulating and planning urban development, traffic management, and emergency response strategies that impact the physical environment. The company primarily provides digital twin solutions to enterprises of different scales and industries. Its industry solutions cover more than ten areas, including cities, water resources protection, energy, automotive, transportation, Siasun Robot & Automation, entertainment, and social media. The company's suppliers mainly include hardware suppliers (such as all-in-one machines and specialized equipment) and software suppliers (such as scene design, artistic rendering, and digital model modeling). The company's goal is to provide access and build digital twin solutions for ecosystem partners, including enterprises, consumers, and developers, and to collaborate with them to create a digital twin earth, ultimately making the real world more efficient, safe, and beautiful, providing people with new perspectives and technologies to understand and improve the world. The company was established in February 2015. Based on the significant growth in information data volume and rapid progress in information carriers, the company's founders observed that real-time 3D would become the most effective information interaction method after text, images, and videos, and it is also an inevitable result of the development of the information age. At that time, real-time 3D was mainly used in the gaming industry to immerse users in entertainment interactions in a virtual world. Given the continuous advancement of technology and increasing focus on industry applications, the company chose to expand the scope of real-time 3D functionality to broader application areas. The company aims to establish a 1:1 digital twin scene with the real world to enhance the efficiency, safety, and quality of the real world. The company has always seen this initiative as its growth and innovation DRIVE. With its keen judgment and deep understanding of the industry, the company believes that creating a digital twin earth can be broken down into five elements (i.e., buildings, roads, vegetation, water bodies, and terrain) and five stages (i.e., static world (2015-2017), dynamic world (2017-2020), semi-simulated world (2020-2023), fully simulated world (2023-2026), and digital twin world (2026-2030)). As of now, the company has entered the fourth stage, achieving real-time generation and rendering technology of the entire earth (L1 city-level accuracy), and successfully commercializing modeling technology related to the company's core business, which can generate a city in one day (the company has proven its ability to generate a city in one day during the past performance period). The company's goal is to complete the fifth stage by 2030 to address real-world issues in the fields of traffic, AI training, spatiotemporal immersion, safety alerts, climate forecasting, energy, and so on. According to the company's vision, the company has laid out a clear development path and achieved multiple milestones through continuous technological breakthroughs, product iterations, and scenario extensions: According to Frost & Sullivan data, the company is a reputable technology company in the digital twin industry in China, ranking first in the following key indicators of technology companies: The company is the first in the digital twin industry to propose and continuously implement the Earth Cloning Plan; In 2024, the company ranked first in revenue in the digital twin industry; As of December 31, 2024, the company ranked first in financing amount in the Chinese digital twin solution market; The company is the first in the Chinese digital twin industry to achieve revenue exceeding 250 million Hong Kong dollars within a year; The company is the only one in the digital twin industry to provide comprehensive digital twin solutions; The company has established three core businesses, namely 51Aes (digital twin platform), 51Sim (synthetic data and simulation platform), and 51Earth (digital earth platform), and has launched commercial products and solutions in these three business areas. The company owns a rich IP patent portfolio and plays an active role in setting domestic and international standards. As of November 26, 2025, the company holds 265 software copyrights and valid authorized patents, and has participated in the formulation of 41 international, national, local, and group standards for digital twin and related applications. The company has built a large customer base. Since its establishment, the company has provided products and solutions to over 1,000 enterprise customers mainly in mainland China, with business growth in other countries and regions as well. In terms of performance, for the six months ended June 30, 2022, 2023, 2024, and 2025, the company achieved revenues of approximately 170 million, 256 million, 287 million, and 53.82 million RMB respectively; during the same period, R&D expenses were approximately 134 million, 103 million, 58.31 million, and 30.137 million RMB, respectively.