AI Unicorn Simo Technology Files for Listing on HKEX, Aiming to Become the "First Industrial AI Intelligent Entity"

On March 16, Simo Technology officially submitted its listing application to the Hong Kong Stock Exchange, aiming to become the “first stock of industrial AI agents.” Simo Technology provided its answer in the prospectus: by 2025, revenue is expected to approach 1.1 billion yuan, with a gross margin climbing to 37.3%. Simo Technology has already served over 730 enterprise clients worldwide. This list includes top global companies such as Tesla and Carl Zeiss, as well as leading Chinese manufacturers like Luxshare Precision, Goertek, BOE Technology Group, CRRC Corporation, Zhongxin Aviation, and Keda Technology. This indicates that Simo’s industrial AI agents are deeply embedded in the core chain of global manufacturing. Revenue from Simo’s industrial AI agents accounted for 62.4%, 73.8%, and 78.5% of total revenue, with a compound annual growth rate of 67.8%. Among them, in 2025, robots are expected to contribute approximately 436 million yuan in revenue, AI software systems around 342 million yuan, and edge AI sensors about 75 million yuan. Meanwhile, AI infrastructure is expected to contribute around 219 million yuan, maintaining a stable proportion of about 20% of total revenue. Each major product line has achieved scalable revenue, indicating that its commercialization does not rely on a single blockbuster, but rather has formed a multi-category, replicable product matrix. (Yicai Global)