Shares of HQVT (HKEX: 01392) surged more than 11% during the trading session. At the time of writing, the stock was up 7.33% to HK$19.32, with a turnover of HK$320.641 million.

Market Growth Catalyst

According to forecasts, the global multispectral AI market is set to enter a period of rapid expansion, driven by escalating sensing demands in sectors such as smart cities, smart transportation, AI big data centers, industry, and healthcare. The market size is projected to leap from RMB 85 billion in 2025 to RMB 305.4 billion by 2030, representing a compound annual growth rate of 29.1%.

Company's Leading Position

Further data indicates that, based on projected 2025 revenue, HQVT not only leads the Chinese multispectral AI enterprise rankings but also commands a dominant 23% market share in the multispectral AI large model services segment. Additionally, the company holds a top-tier position in the module and terminal sectors.

Strategic Application Focus

In terms of application scenarios, the company targets high-reliability, performance-critical areas where customers are willing to pay a premium. These include fire prevention in IDC data centers, electrical grid inspections, new energy storage, coal mine safety, and intelligent driving assistance. HQVT has established a clear early-mover advantage, particularly in the rapidly growing markets of IDC and intelligent driving. In 2025, revenue from these two sectors is expected to account for 75.4% and 20.2%, respectively, of the company's multispectral AI large model service income.