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青岛即将迎来又一港股IPO

  • 2026-02-15 13:14:32
青岛即将迎来又一港股IPO
在资本与技术的交汇点，总有些名字值得被认真凝视。极视角叩响港交所的门，不只是一次寻常的IPO，更像是中国AI视觉赛道一次带着烟火气的自我证明——它从青岛的海风里长出来，带着澳门同胞的热情，没有堆砌概念的浮华，却用六年时间把1.5万种算法撒进100多个行业的土壤，服务过3000多名客户，落地6000多个项目。这份扎实，在当下AI行业“讲故事易、做实事难”的氛围里，反而成了稀缺的坐标。 
看它的财务曲线，像一场技术长跑的呼吸：2022到2023年持续亏损，却在2024年迎来盈利拐点，营收翻倍至2.57亿，经调整净利润破2000万。这不是偶然的运气，是1500种算法沉淀出的场景穿透力——当多数AI公司还在纠结通用模型的精度时，它早把技术拆成可拼接的模块，让制造车间的质检、零售门店的行为分析、城市管理的异常识别，都能快速找到适配的“视觉答案”。这种“场景即产品”的逻辑，比单纯追大模型风口更贴近商业本质。 
但港股投资者向来苛刻，他们见过太多AI公司“上市即巅峰”的剧本。极视角的挑战在于，如何把当前的规模优势转化为可持续的壁垒。对标云天励飞，后者靠“算法芯片化”把技术锁进硬件，极视角或许该更狠一点：既然已有数十万开发者的社区生态，何不把“算法超市”升级为“场景共创平台”？让客户从使用者变成共建者，用需求反哺算法迭代，这样既能降低定制成本，又能织密行业护城河。 
再看同行，商汤、旷视的路径偏重通用底座，极视角的差异化恰在“垂直穿透”。但垂直不是窄化，而是要做深做透后的横向复制——比如把制造业的质量检测方案，提炼成可迁移的“工业视觉操作系统”，让中小厂商也能低成本调用顶级算法。这需要它在研发投入上更聚焦“可复用的中间件”，而非无限扩张算法数量。毕竟，1500种算法的价值不在数字，在每种都能精准解决一个真实痛点。
站在投资维度，极视角的估值不该只看当下的盈利，更要锚定它的“场景复利”。当AI从技术竞赛进入场景深耕期，能帮客户算清“降本增效”账的公司，才配得上长期溢价。它现在的29.84%核心股东持股，是稳定的压舱石；中信证券保荐，给了合规背书。但对投资者而言，真正的看点在于：它能否把“服务3000家客户”的经验，变成“定义行业标准”的能力？ 
资本市场的记忆很短，但用户的信任很长。极视角若能在上市后守住“技术为器、场景为根”的初心，把每个项目都做成行业样板间，或许能改写AI视觉公司“上市即平庸”的宿命。毕竟，投资最动人的故事，从来不是预测风口，是见证一家公司在喧嚣中，把脚下的路走成通途。
（学习笔记，不构成任何建议。）
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  1. CONNECT:[ UseTime:0.000586s ] mysql:host=127.0.0.1;port=3306;dbname=g460;charset=utf8mb4
  2. SHOW FULL COLUMNS FROM `fenlei` [ RunTime:0.000842s ]
  3. SELECT * FROM `fenlei` WHERE `fid` = 0 [ RunTime:0.000293s ]
  4. SELECT * FROM `fenlei` WHERE `fid` = 63 [ RunTime:0.000247s ]
  5. SHOW FULL COLUMNS FROM `set` [ RunTime:0.000568s ]
  6. SELECT * FROM `set` [ RunTime:0.000226s ]
  7. SHOW FULL COLUMNS FROM `article` [ RunTime:0.000629s ]
  8. SELECT * FROM `article` WHERE `id` = 463181 LIMIT 1 [ RunTime:0.000411s ]
  9. UPDATE `article` SET `lasttime` = 1772002545 WHERE `id` = 463181 [ RunTime:0.004111s ]
  10. SELECT * FROM `fenlei` WHERE `id` = 66 LIMIT 1 [ RunTime:0.000276s ]
  11. SELECT * FROM `article` WHERE `id` < 463181 ORDER BY `id` DESC LIMIT 1 [ RunTime:0.000471s ]
  12. SELECT * FROM `article` WHERE `id` > 463181 ORDER BY `id` ASC LIMIT 1 [ RunTime:0.004905s ]
  13. SELECT * FROM `article` WHERE `id` < 463181 ORDER BY `id` DESC LIMIT 10 [ RunTime:0.001433s ]
  14. SELECT * FROM `article` WHERE `id` < 463181 ORDER BY `id` DESC LIMIT 10,10 [ RunTime:0.012758s ]
  15. SELECT * FROM `article` WHERE `id` < 463181 ORDER BY `id` DESC LIMIT 20,10 [ RunTime:0.008346s ]
0.105668s