New Stock IPO | "Hangzhou Six Little Dragons" GroupCore Technology Passes Listing Hearing

SighingCashier · 2026-03-29T13:31:52+00:00

Qunhe Technology has passed the Hong Kong Stock Exchange listing hearing and plans to list on the Main Board of Hong Kong. It is a Chinese cloud-native space design software provider, with products applied in various business scenarios, combining AI technology and GPU clusters. Revenue is expected to reach 820 million yuan in 2025, with an adjusted net profit of 57.127 million yuan, but a loss of 70.049 million yuan is projected for 2024.

SighingCashier

2026-03-29 13:31:52

Abstract generation in progress

One of the “Six Little Dragons of Hangzhou,” Manycore Tech, has passed the listing hearing of the Hong Kong Stock Exchange and plans to list on the main board in Hong Kong, with joint sponsors JPMorgan and CMB International.

According to post-hearing data, the company is a provider of cloud-native spatial design software in China, with products widely used in business scenarios ranging from residential and office buildings to retail stores and commercial projects. The company’s software is driven by artificial intelligence (AI) technology and dedicated graphics processing unit (GPU) clusters, enabling designers and businesses to create captivating designs and experience them through real-time and immersive visual effects.

The company anticipates a revenue of 820 million yuan (RMB, the same below) in 2025, an annual increase of 8.63%; adjusted net profit of 57.127 million yuan, with an adjusted net loss of 70.049 million yuan in 2024.

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