According to the Hong Kong Stock Exchange's disclosure on August 6, Shenzhen Haiqing Zhiyuan Technology Co., Ltd. (referred to as: Haiqing Zhiyuan) has submitted a listing application to the main board of the Hong Kong Stock Exchange, with Minyin Capital and Pudong Development Bank International as its joint sponsors.
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According to the prospectus, Haiqing Zhiyuan is a leading Chinese multispectral AI technology company. Relying on its self-developed technology in the fields of multispectral perception and AI algorithms, the company provides products and services capable of detecting physical information visible and invisible to the human eye. These products and services include multispectral AI modules, multispectral AI perception terminals, and multispectral AI large model services. The company's solutions achieve higher-dimensional perception and security monitoring, providing additional information decision-making related to general security and intelligent perception for various clients primarily engaged in software and information technology services, electronic products, internet data centers, intelligent driving systems, telecommunications operators, the Internet of Things, system integration, and construction-related businesses.
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The company's technology is widely used in various application scenarios beyond traditional security solutions, including smart cities, smart campus management, internet data center security optimization, industrial and commercial security, and IoT facility management, fully demonstrating the broad applicability of multispectral AI solutions.
In 2022, the company was recognized by the Ministry of Industry and Information Technology as a national-level specialized and innovative small giant enterprise. Its main clients include leading state-owned telecommunications operators and leading listed AI companies in China. In recent years, it has received multiple awards, including the Outstanding Contribution Award, Excellence in Innovation Award, and Best Partner Award from major Chinese telecommunications operators. Since its establishment in 2013, the company has built a full-link product and service portfolio covering multispectral AI modules, multispectral AI perception terminals, and multispectral AI large model services. Its technical expertise spans a wide range of fields, including AI, optoelectronics, integrated circuits, embedded systems, security engineering, and cloud computing. As of July 28, 2025, the company has registered 95 invention patents and 43 software copyrights and actively participates in drafting and formulating about ten national standards for the general security industry.
Based on over a decade of technological accumulation in the multispectral AI industry, the company has accumulated rich experience in R&amp;D and product design and has built a comprehensive optical sensing computing technology architecture, including the following three core technologies: (1) integrated multispectral sensing and computing; (2) lightweight edge-side AI computing; and (3) multispectral AI large model platform.
In terms of finances, the company achieved revenues of approximately RMB 225 million, RMB 117 million, RMB 523 million, and RMB 82.42 million for the fiscal years 2022, 2023, 2024, and the first three months of 2025, respectively
During the same period, the total profit and comprehensive income for the year/period were -4.93 million, -18.413 million, 40.412 million, and 14.144 million RMB, respectively.
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Shenzhen Haiqing Zhiyuan Technology Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange, becoming a leading multispectral AI company in China. The company provides multispectral AI modules, perception terminals, and large model services, widely applied in smart cities, industrial safety, and other fields. Haiqing Zhiyuan was recognized as a national-level specialized and innovative small giant enterprise in 2022, with major clients including state-owned telecommunications operators and listed AI companies

New Stock News | Haiqing Zhiyuan submits application to HKEX as the first multispectral AI company in China