Shengtong Technology

Sonic Technology, known as Shanghai Sonic Information Technology Co., Ltd, is an enterprise with significant influence in the field of interactive artificial intelligence.

Company Overview

• Established: Since its establishment on December 5, 2005, Sonic Technology has been deeply engaged in the field of enterprise-level communication solutions for nearly 20 years.
• ListingOn July 10, 2024, Sonic Technology was successfully listed on the Main Board of the Hong Kong Stock Exchange under the stock code 02495.HK, becoming the "No. 1 Interactive AI Stock". The IPO was a global offering of 4,365,660,000 shares at an opening price of HK$135, raising net proceeds of approximately HK$572 million from the global offering, with a market capitalization of approximately HK$5.4 billion.
• Financing History: Prior to its listing, Sonic Technology was supported by several rounds of financing, in which Pacific Century Capital, as a strategic investor, led the investment in two consecutive rounds of A and B in 2020 and 2021, respectively. In addition, there are investment institutions such as Optics Valley Growth Venture Capital and China Transmission Financial Holding participating in its financing process.
• Business ScopeSonic Technology mainly provides enterprise-level full-stack interactive artificial intelligence solutions, and is committed to improving the convenience and intelligence of information exchange and business interaction for enterprise-level users. Its business scenarios cover a wide range of fields such as smart city, smart transportation, smart communication and smart finance, and it is actively expanding its solutions to other scenarios that can be empowered by interactive artificial intelligence.

Technical strength and product advantages

• technological system: Voicecomm Technology has built a full-stack technology system that integrates the best of AI technology to meet the full range of enterprise needs. Its solutions are supported by Voicecomm Brain, the company's technology infrastructure, and Voicecomm Suites, its functional modules, which can comprehensively cover all aspects of enterprise-level client-to-end information exchange and business interaction.
• Product Features: Sonic Technology's products have a high degree of standardization and modularity, and can be flexibly combined to meet the needs of different customers. At the same time, its products are outstanding in terms of stability, efficiency and user experience.
• industry position: According to the Avery Consulting report, Sonic Technology is the second largest provider of enterprise-grade full-stack interactive AI solutions in China by revenue in 2023, with a market share of 3.81 TP4T. it is ranked sixth in China's enterprise-grade interactive AI solutions market, with a market share of 1.31 TP4T, and owns a 1.21 TP4T market share.

Market Place and Customer Service

• marketplace: Soundone Technology's solutions have covered more than 100 cities and counties in China and 5 overseas countries, especially in the city management and administrative market with obvious competitive advantages, the market share is as high as 14.2%, ranked first in the country.
• client service: With its wide range of business services and strong R&D strength, Soundcom Technology provides customers with efficient and comprehensive solutions. At the same time, the company also actively builds an open and cooperative industry ecosystem, working hand in hand with global partners to promote the widespread application and prosperous development of interactive artificial intelligence technology.

Financial Performance and Future Outlook

• financial performance: Sonic Technology has shown strong growth in financial terms. According to the prospectus, the company achieved revenues of $347 million, $460 million, $515 million and $813 million from 2021 to 2023, respectively, with gross margins steadily increasing from 32.191 TP4T to 40.01 TP4T.Meanwhile, the company's adjusted net income (a non-IFRS measure) increased from $62 million to $118 million.
• future outlook: Sonic Technology said that after the listing, it will continue to adhere to the strategy of "technology-led, innovation-driven", increase investment in research and development, and maintain technological leadership. At the same time, the company will further optimize its product mix, enhance its commercialization capabilities, and actively seek strategic investment and acquisition opportunities at home and abroad to promote the company's long-term stable development.

In summary, Sonic Technology, as a leading company in the field of interactive artificial intelligence, has occupied an important position in the industry by virtue of its strong technical strength, extensive market layout and excellent financial performance. In the future, with the continuous development of AI technology and the expansion of application fields, Sonic Technology is expected to continue to maintain its leading position and realize a broader development prospect.