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01956AI/科技2026-06-26 · Listed

Beijing Zhongke WengeAI Science and Technology Co., Ltd.

北京中科聞歌科技

Offer Price

HK$60.70

Market Cap

HK$105.1B

Listing Date

2026-06-26

Sector

AI/科技

📊 Valuation Analysis

P/S ratio

24.1x

偏高 — 溢價上市

AI/科技 sector P/S benchmark: 12x – 18x

Revenue growth (YoY)

27.5%

Gross margin

51.2%

Net margin

-43.0%

Profitability

Loss-making

Fair value range by sector P/S benchmark: HK$30.21 – HK$45.32

💰 Financial Summary (FY2025)

Revenue

RMB4.05B

Prior revenue

RMB3.18B

Gross profit

RMB2.08B

Net profit

RMB-1.74B

Figures in RMB (some companies converted from their prospectus reporting currency — see notes below).

📝 Key Notes

特專科技公司(18C章),決策智能AI

🏢 Company Overview

北京中科聞歌科技股份有限公司,中國領先的決策智能AI公司,源於中國科學院自動化研究所。核心業務基於自主研發的「聞歌大模型」,為政府及企業客戶提供三大解決方案:(1) 政府數字化治理(輿情監測、智慧城市、公共安全研判);(2) 金融智能決策(風控建模、智能投研、合規監測);(3) 企業數據智能(供應鏈優化、營銷決策引擎)。截至2025年底,服務客戶超過1,200家,包括多個國家部委及頭部金融機構。18C章特專科技公司,2026年6月26日掛牌。

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⚠️ For educational reference only and not investment advice. IPO pricing, listing dates and financial data are subject to change — always refer to HKEX announcements and the prospectus. Investing involves risk.