IPO News | Huafu Technology Submits Hong Kong Stock Exchange has built a series of self-developed core algorithms

The Zhitong Finance App learned that according to the Hong Kong Stock Exchange's disclosure on September 30, Shenzhen Huafu Technology Co., Ltd. (“Huafu Technology” for short) submitted a listing application to the main board of the Hong Kong Stock Exchange, with CITIC Securities and Agricultural Bank International as co-sponsors. According to the prospectus, Huafu Technology has built a series of self-developed core algorithms.

According to the prospectus, Huafu Technology is a pioneer in the full-stack AI technology solution industry. With algorithms and computing power as the core, it focuses on integrating leading AI algorithms, strong computing power management and control capabilities, and advanced software and hardware technology with industry scenario applications to provide customers in different fields with AI intelligent solutions, including AI intelligence, AI vertical industry applications, and AI intelligent computing technology services.

In order to effectively utilize the company's technical advantages and create value for customers, Huafu Technology has developed the “Unicorn AI” integrated technology platform. The “Unicorn AI” platform combines key capabilities in model development and optimization, large-scale distributed training, real-time inference services, and elastic computing power scheduling to form the core foundation of the company's product innovation and technology iteration. Relying on this platform, Huafu Technology provides customers with “algorithm+computing power” integrated solutions in different application scenarios, empowering the intelligent upgrading of their business, and building the company's core competitive advantage.

Huafu Technology mentioned that the company's core technology is based on the self-developed “Unicorn AI” integrated technology platform. The platform is the cornerstone of all of the company's AI solutions. It consists of four core components: (i) the “Unicorn Training” platform specially designed for model training; (ii) the “Unicorn Eye” platform responsible for multi-dimensional data perception; (iii) the “Unicorn Compute” computing power scheduling platform for efficient computing power management; and (iv) the “Hot Wheels” basic model driven by the company's algorithms.

On the financial side, in the six months ended June 30, 2022, 2023, 2024, and 2025, HuaPay Technology achieved revenue of approximately 422 million yuan, 391 million yuan, 386 million yuan, and 1.69 yuan respectively; the annual/period profit was approximately 55376 million yuan, 36.799 million yuan, 66.111 million yuan, and 2.5587 million yuan, respectively.

According to Huafu Technology's prospectus, the company's AI platform is very complex. Failure to meet customer expectations or performance standards, failure to integrate with customer products, and any omissions in providing high-quality customer service may adversely affect the company's business, financial situation and future prospects.