On March 16, SmartMore Technology filed its prospectus with the Hong Kong Stock Exchange, with the ambition to be listed on the main board and potentially emerge as the ‘first industrial AI agent stock.’ Established in 2019 by Dr. Jia Jiaya, the company is backed by a wealth of experience in academia and technology. SmartMore Technology is dedicated to leveraging AI to reshape the operational framework of the global manufacturing sector, primarily offering industrial AI agents such as robots, edge AI sensors, and agent software systems, catering to over 730 clients. As the largest industrial AI agent provider in China in terms of revenue by 2025, SmartMore Technology has achieved numerous industry-leading breakthroughs. From 2023 to 2025, its revenue and gross profit margin have consistently increased, with industrial agent revenue constituting a significant portion, and all product lines have attained substantial revenue growth. Presently, the market size of the global and Chinese industrial AI agent industries is on an upward trajectory. SmartMore Technology has garnered investments from several renowned institutions, and after securing its final round of financing prior to the IPO, it is valued at $1.23 billion. The capital raised from this IPO will be earmarked for technology R&D and commercial expansion, among other objectives.