Industries

Intelligent Sensing

All research in Intelligent Sensing — 1 reports.

45/100 Watch Shenzhen HQVT Technology In-Depth Research An intelligent-sensing supplier that uses multispectral sensing hardware to secure scenario entry points and lifts gross margin through large-model services, with its Hong Kong IPO launched in June 2026 at an offer price of HKD 7.20. In 2025, large-model services already contributed more than half of revenue and pushed gross margin to 22.3%, but operating cash outflow widened to RMB 129.9 million, while the IPO price implies about 7.2x sales and about 164x earnings. Research rating Watch: the business upgrade is real, the current price offers no margin of safety, and the ideal buy zone is HKD 4.0-4.8. Shenzhen HQVT Technology Co., Ltd.1392 · HKIntelligent SensingJun 11, 2026