估值大起大落！明略科技港交所上市，腾讯为最大股东_老虎社区_美港股上老虎

估值大起大落！明略科技港交所上市，腾讯为最大股东

新京报11-03

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！　　新京报贝壳财经讯（记者程子姣）11月3日，中国企业级数据智能应用软件龙头明略科技在港交所敲钟上市。明略科技发售价为141港元/股，全球发售净筹约为9.02亿港元（约合人民币8.26亿元）。该股开盘大涨98.58%至280港元/股。截至午间收盘，其股价为286港元/股，涨幅为102.84%，总市值为412.92亿港元（约合...

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　　新京报贝壳财经讯（记者程子姣）11月3日，中国企业级数据智能应用软件龙头明略科技在港交所敲钟上市。明略科技发售价为141港元/股，全球发售净筹约为9.02亿港元（约合人民币8.26亿元）。该股开盘大涨98.58%至280港元/股。截至午间收盘，其股价为286港元/股，涨幅为102.84%，总市值为412.92亿港元（约合...</p>\n\n<a href=\"https://finance.sina.com.cn/jjxw/2025-11-03/doc-infwcefv1373114.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0210526637.USD","symbol_name":"JPM CHINA \"A\" (USD) ACC","start_time":0,"source_url":"https://finance.sina.com.cn/jjxw/2025-11-03/doc-infwcefv1373114.shtml","article_id":"2580265427","we_media_id":null,"thumbnails":[],"rights":{"source":"sina","url":"https://finance.sina.com.cn/jjxw/2025-11-03/doc-infwcefv1373114.shtml","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.art_tit_h1{#titleStyle#}a{#lv2TextColor#}.art_time, .art_cite{#sourceStyle#;} .art_cite{margin-left: 3px;}","selectors":".module-article, article","filters":"header, .voice2, .tags, #norm_qrcode_link_auto, .unfold-box, 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Minglamp Technology is listed on the Hong Kong Stock Exchange, with Tencent as the largest shareholder","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00700":1.5,"02718":1.5,"HEXmain":1.5,"TCHmain":1.5,"HTCD.SI":0.6,"TCEHY":1.5},"content_text":"炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 　　新京报贝壳财经讯（记者程子姣）11月3日，中国企业级数据智能应用软件龙头明略科技在港交所敲钟上市。明略科技发售价为141港元/股，全球发售净筹约为9.02亿港元（约合人民币8.26亿元）。该股开盘大涨98.58%至280港元/股。截至午间收盘，其股价为286港元/股，涨幅为102.84%，总市值为412.92亿港元（约合人民币378.06亿元）。\n　　根据弗若斯特沙利文的数据，按2024年总收入计算，明略科技是中国最大的数据智能应用软件供应商。据明略科技招股书披露，公司本次全球发售721.9万股A类股份，其中在中国香港公开发售72.19万股，国际发售649.71万股。若按最高价141.00港元计，募资总额约10.18亿港元。\n　　招股书显示，2022年—2024年，明略科技实现收入分别为12.69亿元、14.62亿元、13.81亿元；年内利润分别为16.38亿元、3.18亿元、794.9万元。2025上半年，公司实现收入为6.44亿元，同比增长13.93%；期内利润为-2.04亿元，而上年同期为-9866.2万元。\n　　明略科技创始人、董事长、CEO（首席执行官）兼CTO（首席技术官）吴明辉，在大数据和AI行业拥有逾19年经验。吴明辉于2006年创立互联网用户行为和营销数据分析平台秒针系统；于2014年，创立明略数据，将业务范围从线上商业领域拓展至政府服务和线下商业的数字化转型，还将技术能力从大数据延伸到了人工智能领域。2019年，成立明略科技集团。\n　　吴明辉也是北京商用服务机器人公司云迹科技的共同创始人。10月16日，云迹科技正式登陆港交所，截至上周五收盘，总市值为76.35亿港元（约合人民币70亿元）。\n　　IPO前，吴明辉持股为12.23%，为个人最大股东。腾讯控制公司26.96%股权，为最大股东；金拓及航景基金持股为8.55%，红杉中国持股为7.46%，淡马锡（Temasek）持股为4.14%，华兴资本通过华晟持股为3.97%，星界持股为3.51%，春华持股为2.78%，快手持股为2.48%。\n　　明略科技成立以来获得过多次融资，腾讯投资、淡马锡、红杉、春华资本、快手等一众明星资本均曾入局。2020年11月E-2轮融资后，公司投后估值一度高达30.5亿美元，但仅仅过了三年时间，2023年11月F-1轮融资投后估值便暴跌至5.4亿美元，较峰值缩水超80%；后续F-2、F-3轮融资投后估值虽回升至8.2亿美元、16.7亿美元，但与巅峰时期仍相去甚远。\n　　新京报贝壳财经记者对比发现，明略科技2024年1月的估值较2020年11月缩水超14亿美元。\n　　弗若斯特沙利文报告显示，中国数据智能应用软件市场规模由2020年的人民币169亿元增至2024年的人民币327亿元，2020年至2024年的复合年增长率为17.9%。预计2029年市场规模将达到人民币675亿元，2024年至2029年复合年增长率为15.6%。\n　　在AI（人工智能）战略上，吴明辉公开强调创始人必须亲自下场做模型，并认为垂直领域模型将是未来的趋势。他指出，明略科技今年的重点工作之一是将模型推向全球市场，并将企业客户从中国出海企业拓展至海外本土企业。\n　　当前数据智能领域参与者类型多元，涵盖阿里妈妈、腾讯广告等互联网系平台，神策数据等专业SaaS厂商，以及亚信科技等传统IT服务商。对明略科技而言，其发展需直面两大核心挑战：一是互联网巨头依托自身流量优势跨界入局，引发市场竞争加剧；二是公司发行市值达203.57亿港元，相较于同行业存在估值溢价，这使得市场对其盈利的持续性保持观望态度。\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：高佳","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}