Amidst the burgeoning wave of AI technology, QuantGroup, with its distinctive positioning and profound expertise in AI, has ventured into the Hong Kong IPO arena. Recently, QuantGroup Technology Co., Ltd. (hereinafter referred to as 'QuantGroup') submitted a listing application to the Hong Kong Stock Exchange, with CICC and CITIC Securities as joint sponsors.

As a pioneer in vertical AI, QuantGroup infuses new energy into numerous industries through scenario-based digitization leveraging its 'Liangxingqiu' AI technology platform. The company's core business model revolves around its digital technology platform, 'Liangxingqiu', offering a comprehensive suite of digital solutions to business partners. These include precision marketing, customer acquisition, target customer analysis, customer activation, and other services, which not only expand the end-customer base for partners but also significantly enhance the shopping experience for customers.

Concurrently, QuantGroup contributes to optimizing the urban consumption ecosystem. For instance, it has launched the 'Consumption Map' urban consumption operation platform in response to the government's push for consumption and the digital economy. Leveraging AI and other digital capabilities, QuantGroup provides one-stop solutions for governmental and corporate entities, physical enterprises, and users through an array of independently developed digital technology products. As of now, the Consumption Map covers 13 regions in Beijing and various geographical areas beyond, such as Baotou in Inner Mongolia, Langfang in Hebei, Chengdu and Chongqing in Sichuan, empowering local government consumption voucher distribution platforms and assisting local merchants in monetizing across diverse consumption scenarios like automotive services, consumer electronics, and catering.

Financial data disclosed in the prospectus reveals significant performance growth for QuantGroup in recent years. Specifically, from 2021 to 2023, the company's revenue surged from RMB 351 million to RMB 530 million, with gross profit increasing from RMB 267 million to RMB 368 million. Notably, in the first half of 2024, the company's revenue reached RMB 382 million, marking a year-on-year increase of 47.5%.

In terms of profitability, QuantGroup's operating profit and adjusted profit also exhibit impressive performance. From 2021 to 2023, the company's operating profits stood at RMB 54.65 million, RMB 82.97 million, and RMB 145 million, respectively, while adjusted profits amounted to RMB 66.64 million, RMB 126 million, and RMB 148 million, respectively. By the first half of 2024, the company's adjusted net profit reached RMB 154 million, demonstrating robust growth momentum.