According to Futu News on March 30th,$EXTREME VISION (06636.HK)$The stock opened higher on its first day, rising nearly 50%. As of press time, it was trading at HKD 59.95; each lot consists of 50 shares, and excluding handling fees, one lot yields a profit of HKD 997.5.
Source of market information: Futu Securities
According to previous reports, in the pre-market grey market trading on Futu's platform during the last trading session, Extreme Vision closed up 54.5% at HKD 61.8, with each lot consisting of 50 shares. Excluding handling fees, one lot yielded a profit of HKD 1,090.
In addition, according to publicly available information, during the public offering stage, Extreme Vision received subscriptions 4,591.37 times over the offered amount. The final number of shares allocated for public offering totaled 2.496 million shares, accounting for approximately 20% of the total issuance. A total of approximately 159,089 valid applications were received, with around 33,931 processed applications. The percentage of shares allocated in one lot relative to the total applied-for shares was approximately 10%.
Furthermore, during the international placement stage, Extreme Vision garnered 3.41 times the subscription amount. The final number of international placement shares totaled 9.984 million shares, equivalent to 80% of the total issuance.
Company Overview
The company is a provider of AI computer vision solutions in China, offering end-to-end enterprise-level solutions covering development, deployment, and management for businesses across various industries. Additionally, the company has expanded its capabilities in delivering commercially viable large model solutions. Computer vision solutions, an important branch of AI solutions, are technical solutions that simulate the human visual system, enabling computers to extract information from images or videos and perform analysis, decision-making, and interaction based on that information.
Large model solutions refer to applications built based on large model functionalities, along with related supporting services. As AI solutions continue to evolve rapidly, the company plans to leverage its efficient and inclusive AI technology, combined with its deep industry expertise, to accelerate corporate intelligent transformation and drive industrial upgrading.
Financial Overview
Revenue increased from RMB 101.6 million in 2022 to RMB 127.7 million in 2023, and further rose to RMB 257.3 million in 2024. The company's revenue grew from RMB 79.4 million for the nine months ended September 30, 2024, to RMB 136.3 million for the nine months ended September 30, 2025.
In 2022, 2023, and 2024, as well as for the nine months ended September 30, 2024, and 2025, the company's gross profit was RMB 31.1 million, RMB 33.1 million, RMB 103.5 million, RMB 31.2 million, and RMB 61.1 million, respectively, with corresponding gross profit margins of 30.6%, 25.9%, 40.2%, 39.2%, and 44.9%.
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Editor/Vincent