Groupcore Technology passes Hong Kong Stock Exchange listing hearing: Aiming for profitability in 2025, striving to become the "world's first listed company in space intelligence".

On March 29th, Mars Finance reported that Manycore Tech Inc. updated its post-hearing information set with the Hong Kong Stock Exchange, officially passing the listing hearing and becoming the first of the "Six Little Dragons of Hangzhou" to enter the final sprint stage of its IPO. If successfully listed, the company will become the "first global spatial intelligence stock" on the Hong Kong Stock Exchange. Data shows that Manycore Tech's revenue in 2025 was 820 million yuan, with an adjusted net profit of 57.1 million yuan, achieving a turnaround from loss to profit. Its cumulative R&D investment over the past three years has exceeded 1 billion yuan. The IPO proceeds will be primarily used for international expansion, product iteration, and investment in core technologies. The company owns products such as Kujiale, Coohom, and SpatialVerse, forming a closed-loop business model encompassing "spatial editing tools - spatial data - large spatial models." Its SpatialLM open-source model topped the HuggingFace trending list. Currently, it has partnered with companies such as Zhiyuan Robotics and Hesai Technology in areas such as embodied intelligence and industrial twins, covering scenarios such as interior design, e-commerce, and XR. (Wide Angle Observation)