---
title: "Extreme Vision (06636.HK) surged over 120% on its first trading day, with its total market capitalization exceeding HKD 10 billion. The 'first AI visual algorithm marketplace stock' officially debuted on the Main Board of the Hong Kong Stock Exchange."
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39606942.md"
description: "On March 30, Extreme Vision (06636.HK) officially listed on the main board of the Hong Kong Stock Exchange. CITIC Securities acted as the exclusive sponsor, and the company applied for listing through the Chapter 18C rules. The issue price was HKD 40.00 (fixed price). The grey market price closed up 54.5% last Friday, at HKD 61.80, with a profit of HKD 1,090 per board lot (excluding handling fees). According to the offering results, Extreme Vision's public offering and international offering were oversubscribed by 4,591.37 times and 3.41 times, respectively. Today, the stock opened higher and continued to rise on its debut. As of the time of writing, it is up 120.38%, trading at HKD 88.15..."
datetime: "2026-03-30T03:58:42.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39606942.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39606942.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39606942.md)
author: "[IPO聚焦](https://longbridge.com/en/profiles/26910294.md)"
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/topics/39606942.md) | [繁體中文](https://longbridge.com/zh-HK/topics/39606942.md)


# Extreme Vision (06636.HK) surged over 120% on its first trading day, with its total market capitalization exceeding HKD 10 billion. The 'first AI visual algorithm marketplace stock' officially debuted on the Main Board of the Hong Kong Stock Exchange.

On March 30, **Extreme Vision (06636.HK)** officially listed on the Main Board of the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor, applying for listing under the Chapter 18C rules.

**The issue price was HK$40.00 (fixed price)**. Last Friday, the grey market closed up 54.5% at HK$61.80, with a profit of HK$1,090 per board lot (excluding fees).

According to the offering results, Extreme Vision's public offering and international placement received 4,591.37 times and 3.41 times subscription respectively.

Today, the stock opened higher and continued to rise on its debut. As of the time of writing, it is up 120.38% at HK$88.15, with a total market capitalization of HK$9.953 billion.

![Image](https://pub.pbkrs.com/uploads/2026/cdf72b3a8883086eb43879a3cefdf8b9?x-oss-process=style/lg)

Extreme Vision was founded in June 2015 by Chen Zhenjie, Chen Shuo, Luo Yun, and others. From its establishment to 2024, the company has completed a total of 11 rounds of financing, **with a cumulative financing amount of RMB 384 million**. Investors include Qualcomm Ventures, China Resources Innovation Fund, Haier Group, China-US Venture Capital, Qingdao Economic Control Group, Zhengjin International, GKI (Singapore), etc. After the completion of the Series D financing in November 2024, **the company's post-investment valuation was RMB 2.31 billion**, which is 243 times its post-investment valuation from the first round.

Extreme Vision is a technology company focused on AI computer vision and industry-specific large models. Through its self-developed algorithm marketplace and integrated cloud-edge-end platform, it provides standardized and customized AI vision solutions to government and enterprise clients in industries such as manufacturing, energy, transportation, and smart cities. It also offers intelligent Q&A and business process automation services based on large models, using AI vision technology to achieve safety monitoring, risk warning, and productivity improvement.

After its official listing, the company became the "**first stock of AI vision algorithm marketplace**". According to Frost & Sullivan data, Extreme Vision is **China's first** large-scale AI vision algorithm marketplace.

As of September 30, 2025, **the company's AI computer vision algorithm marketplace has showcased 1,517 algorithms**, including 148 self-developed algorithms and 1,369 third-party co-developed algorithms, covering over 100 industries. The co-developed algorithms share IP with partners, a model that aligns with industry practices.

As of the same period, the company has built a global algorithm community with hundreds of thousands of developers, **serving over 3,000 cumulative clients**, delivering over 6,000 projects, with a product repurchase rate exceeding 80%, indicating a high degree of solution standardization and market recognition.

Since launching its large model solution in 2024, over 100 entities have expressed demand for customized business needs.

According to Frost & Sullivan data, based on relevant revenue in 2024, the company **ranked ninth** among overall enterprise-level computer vision solution providers in China, with a market share of 0.5%.  
 

Among emerging enterprise-level computer vision solution providers in China, it **ranked eighth**, with a market share of 1.6%.

Financially, **the company's revenue has skyrocketed**. From 2022 to 2024, revenue was RMB 100 million, RMB 130 million, and RMB 260 million respectively, with a compound annual growth rate (CAGR) of 59.2%. Revenue for the first three quarters of 2025 reached RMB 140 million, a year-on-year increase of 71.6%.

**The company's gross profit shows a similar trend**. From 2022 to 2024, gross profit was RMB 31.08 million, RMB 33.07 million, and RMB 100 million respectively, with a CAGR of 84.5%. The corresponding gross profit margins were 30.6%, 25.9%, and 40.2%. Gross profit for the first three quarters of 2025 reached RMB 61.14 million, a year-on-year increase of 96.2%, with a corresponding gross profit margin of 44.8%.

**The company's commercialization is still in a deepening and volatile phase**, achieving profitability only in 2024. From 2022 to 2024, the company's net profit was -RMB 60.72 million, -RMB 56.24 million, and RMB 8.71 million respectively, with corresponding net profit margins of -59.8%, -44.0%, and 3.4%. Net loss for the first three quarters of 2025 was RMB 36.29 million, a year-on-year increase of 33.7%.

In terms of working capital, **the company's cash reserves are nearly depleted**. As of January 31, 2026, cash and cash equivalents were RMB 14.48 million. However, **the company's debt level is not high**. As of the same date, total current liabilities were RMB 220 million, with net current assets of RMB 210 million.

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