Huang Renxun “guides” physical AI, May Day Vision (06651) received support from Star Capital to show growth potential

At a key point in the evolution of AI technology from perception and generation to “physical AI” (Physical AI), May Day Vision (06651), which opened the public offering on December 18, attracted the attention of the Hong Kong stock market as the “first physical AI stock”.

As a leading technology company on the physical AI circuit in China, May Day Vision has long invested heavily in technology in the three fields of 3D graphics, simulation, and artificial intelligence, and has launched three core businesses, namely 51Aes (digital twin platform), 51Sim (synthetic data and simulation platform), and 51Earth (digital earth platform). In the context of the deepening development of the AI industry and the rise of the physical AI circuit, this enterprise with star shareholder endorsements and leading technical capabilities is facing dual opportunities for growth and valuation.

The first thing worth paying attention to is the physical AI trillion track where May Day Vision is stuck. Global AI leader Hwang In-hoon has determined that the next wave of AI will be physical AI. The market volume of physical AI is thought to be tens of times that of content AI, making it the core carrier for a new round of industrial dividends.

Currently, May Day Vision has built a deep competitive barrier with long-term technology accumulation, rich success stories, and large-scale expansion. The company uses digital twin technology as the core foundation to build a bridge between virtual and reality to provide infrastructure-level empowerment for various industries.

The more central point is that the value of May Day Vision has now received significant recognition in the capital market. It is the most popular GPU concept stock this year — the only direct investment company for Moore Thread, known as “China Nvidia,” and the two sides have formed a deeply collaborative business ecosystem.

On the one hand, May Day Vision's full-stack physical AI solution provides an extremely important landing scenario and “gateway to the sea” for Moorish's advanced GPU chips, and the two sides will work together to build physical AI infrastructure. On the other hand, the massive scene data that May Day Vision has accumulated over the years will feed back Mohr threading chip development and algorithm optimization, forming a strong ecological synergy effect. This deep integration of ecology not only brought stable technical cooperation and business collaboration to May Day Vision, but also gave broad room for imagination at the valuation level, making it closely follow the development pace of domestic GPU unicorns.

In addition to Moore Thread, industry leaders, including Shangtang Technology, and well-known investors such as Ge Weidong and Liang Botao have jointly formed the company's star-studded shareholders' group. Explore the essence. These investors all prefer long-term investment, and are good at exploring the long-term investment value behind growing businesses or projects. From this, it is not difficult to guess the real reason why these shareholders invested in May Day Vision: top domestic and foreign capitals are all optimistic about its excellent fundamentals, the company's strong technological driving force, and future core commercial values.

Naturally, this confidence also stems from the company's solid and impressive performance. According to financial data, May Day Vision's revenue grew rapidly from 170 million yuan in 2022 to 287 million yuan in 2024, with a compound annual growth rate of 30.02%. More strongly, in the first half of 2025, the company achieved revenue of about 54 million yuan, a sharp increase of 62% over the previous year, showing an accelerated growth trend. At a time when the macroeconomy is full of challenges, this report card simultaneously verifies the effectiveness of its business model and the high level of market demand.

Taken together, this IPO has enabled May Day Vision to rise to “the first physical AI stock”. This positioning has firmly occupied the high ground of industrial development, has scarcity and first-mover advantages, and also provides investors with a scarce channel to share the dividends of the physical AI industry. With the gradual release of physical AI circuit dividends and the accelerated transformation of technological value, the company is expected to resonate with growth and valuation, and become a high-quality target for the next wave of AI.