The parent company of Kujiale is officially listed on the Hong Kong Stock Exchange!

Just now (April 17), Manycore Tech (hereinafter referred to as "Qunhe Technology") rang the bell in the Hong Kong stock market and officially landed on the main board of the Hong Kong Stock Exchange with the stock code 00068.HK. It was the first company among the "Hangzhou Six Little Dragons" to complete the listing and became the "first global space intelligence stock."

Quncore Technology and Deep Search (Deep Seek), Yushu Technology, Game Science, Yunshen Technology, and Qiannao Technology are collectively known as the "Hangzhou Six Little Dragons". Previously, the Shanghai Stock Exchange has accepted Yushu Technology’s IPO application for the Science and Technology Innovation Board, and Yunshen Technology is in the listing guidance stage. Qiannao Technology is reported to have submitted a Hong Kong IPO application in a confidential manner. According to the issuance plan, this IPO plans to sell approximately 161 million shares globally, with an additional 15% over-allotment option. The offering price is the highest issuance price of HK$7.62 per share, and the total funds raised are approximately HK$1.224 billion. As of press time, the stock price has soared to 21.440 yuan, an increase of 181.36%.
Public information shows that Qunhe Technology was founded in 2011 and is a company based on artificial intelligence (AI). A spatial intelligence enterprise based on technology and dedicated graphics processing unit (GPU) clusters, it focuses on the development and application of cloud design software systems. It is oriented to all space fields such as home decoration, commercial space, real estate and construction, and provides customers with software products and digital solutions for design rendering, marketing display, production docking, construction and other scenarios, and empowers the digital upgrade of the industry.
In terms of products, Qunhe Technology owns China's largest space design platform Cool Home and its overseas version Coohom, as well as SpatialVerse, a new generation of spatial intelligence solution developed for indoor environment AI.
Among them, Kujiale, launched by Qunhe Technology in 2013, is a well-known space design software that can automatically generate engineering drawings, material calculation lists and cost calculation sheets based on 3D design. It is mainly used for designing residential buildings, office buildings, retail chain stores and e-commerce product displays. With the disruptive slogan of "generating high-definition renderings in 10 seconds and completing the whole house design plan in 5 minutes", Kujiale captured over 60% of China's home decoration design software market in less than three years after its launch.
Professionals under Kujiale The lighting design cloud platform KooLux is an efficient second-level professional lighting design software specially launched for the lighting industry. According to reports, KooLux has broken the monopoly of foreign lighting design software and provided Chinese solutions for the lighting design industry. Based on the powerful group-core simulation (rendering) engine, KooLux provides users with efficient and real-time simulation computing capabilities. Users can use the real-time preview function to observe the plan effects and data in real time, including lighting simulation diagrams, false color diagrams, and working surface data. At the same time, KooLux can import the design results in the internal ecosystem of the group core with one click, and is gradually compatible with mainstream 3D scene models, achieving seamless connection of upstream and downstream data. This convenience eliminates the need for lighting design practitioners to frequently switch between different software. In the lighting industry, Kujiale has also reached cooperation with many first-line lighting brands, including Mulinsen, Foshan Lighting, Opple Lighting, NVC Lighting, Bull, Sunshine Lighting, Sanxiong Aurora, Hongyan, Signify, Yeelight, Seton Lighting, Sanfeng Lighting, Auman Lighting and other well-known enterprises. In terms of finance, Qunhe Technology's revenue has maintained steady growth in the past three years. In 2025, the company will achieve revenue of 820 million yuan, and its gross profit margin will rise to 82.2%. From 2023 to 2025, Qunhe Technology will achieve a revenue of 820 million yuan. The cumulative R&D investment in nuclear technology exceeds 1 billion yuan. In 2025, based on non-IFRS measures, Qunhe Technology's profitability has improved, turning losses into profits. The adjusted net profit for the year was 57.1 million yuan. This means that the company has achieved self-generation. In addition, its overseas business revenue will increase by 28% year-on-year in 2025. The announcement shows that the net proceeds from the IPO will be mainly used to implement international expansion strategies; enhance the functionality of existing products and launch new products and/or functions to meet the needs of real-world spaces and virtual environments; invest in core technologies and infrastructure; domestic sales and marketing activities, and enhance brand awareness, as well as for working capital and general corporate purposes. " Asset, Wusong Capital, Hesai HK, Guohui Hong Kong, China Business construction, etc. as cornerstone investors. The cornerstone lineup covers top long-term insurance funds, leading public funds, professional private equity investment institutions, international asset management institutions, industry leaders, etc. The diversified institutions have subscribed for a total of approximately HK$455 million. The concentrated entry of long-term capital and industrial strategic investors fully demonstrates the high recognition of professional institutions in the global capital market for the core technical strength, commercialization capabilities and long-term development prospects of Qunhe Technology. The three founders of Qunhe Technology are Chairman Huang Xiaohuang, CEO Chen Hang, and CTO Zhu Hao. The three co-founders are not only college classmates, but also have experience in core positions in the world's top technology companies.
Huang Xiaohuang, co-founder and chairman of Qunhe Technology, said in his speech on the listing: "AI is sweeping the world with unprecedented power, which gives us a greater responsibility: to promote AI from being limited to the generation and dialogue of the virtual world to the understanding, action and creation of the physical world. Spatial intelligence is the key to this process. We have been committed to building a bridge between the digital world and the physical world through spatial intelligence technology, and have been engaged in spatial design, 3D We provide services in various industries such as AI content production, industrial twins, and agent training. "
Today's Qunhe Technology has extended from design tools to spatial data platforms and large spatial models, covering cutting-edge scenarios such as embodied intelligence and industrial simulation. It can be expected that with the advent of the physical AI era, Qunhe Technology's spatial understanding and spatial computing capabilities and accumulated high-quality data over the past 15 years will bring greater room for imagination.
Congratulations to Qunhe Technology for its successful listing!