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Qingdao AInnovation Technology Group is an AI solutions provider offering full-stack AI-based products and solutions. According to Frost & Sullivan (F&S), the firm was the third largest AI technology driven solution provider in the enterprise AI solutions market in China in terms of 2020 revenue.
The firm’s revenue has grown since its inception in 2018, owing to a low base effect, coupled with the firm managing to consistently grow its customer base and securing higher average revenue period on period.
Margins have improved YoY but probably can’t be attributed solely to better cost controls. While industry tailwinds and a healthy balance sheet could both aid its growth, the latter sustaining its cash burn, the firm has an unproven track record and operates in a highly fragmented market.
Qingdao AInnovation Technology Group Pre-IPO
Qingdao AInnovation Technology Group is looking to raise up to US$200m in its Hong Kong IPO.Qingdao AInnovation Technology Group is an AI solutions provider offering full-stack AI-based products and solutions. According to Frost & Sullivan (F&S), the firm was the third largest AI technology driven solution provider in the enterprise AI solutions market in China in terms of 2020 revenue.
The firm’s revenue has grown since its inception in 2018, owing to a low base effect, coupled with the firm managing to consistently grow its customer base and securing higher average revenue period on period.
Margins have improved YoY but probably can’t be attributed solely to better cost controls. While industry tailwinds and a healthy balance sheet could both aid its growth, the latter sustaining its cash burn, the firm has an unproven track record and operates in a highly fragmented market.
Underlying
Qingdao AInnovation Technology Group Co Ltd
Provider
Aequitas Research
Aequitas Research is a leading ECM research firm with a focus on IPOs and placements/follow-on offerings across the Asia Pacific with deal size of over USD100m.
Since 2015, we have covered 400+ IPOs and 450+ placements with a hit rate of 73% and 65%, respectively. We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic analysis.
Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis. We also provide a more quant driven analysis on placement/follow-on offerings.
Markets that we cover include:
Hong Kong,
China ADRs,
India,
Japan,
Australia, and
ASEAN.
Hong Kong,
China ADRs,
India,
Japan,
Australia, and
ASEAN.
Clarence Chu
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