五一视界通过港交所聆讯，冲击Physical AI第一股

封面新闻2025-12-14

封面新闻记者付文超12月14日，记者获悉，据港交所披露，北京五一视界数字孪生科技股份有限公司已通过上市聆讯，将以18C章程冲击PhysicalAI第一股，中金公司与华泰国际任联席保荐人。据了解，五一视界成立于2015年2月，是一家致力于克隆地球5.1亿平方公里的科技公司。公司长期围绕3D图形、模拟仿真及人工智能三大领域的技术进行大量投资并发展核心竞争力，已推出三大核心业务，分别为51Aes（数字...

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AI需要将物理规律与人工智能技术相结合，通过整合真实物理规则来优化AI生成的内容，使其更符合现实世界的逻辑与规律。而五一视界自成立以来，持续以数字孪生为起点向Physical AI靠拢。经过多年技术积累和战略布局，公司在Physical AI的三个关键组件（数据燃料、空间模型、训练平台）上均搭建起完善的技术能力，并构建起 “合成数据 - 空间智能模型 - 仿真训练平台” 全链条物理AI闭环生态，形成了难以复制的技术与生态壁垒，是全球少数真正具备 Physical AI三要素的公司。业绩方面，在过去的2022年、2023年、2024年和2025年前六个月，五一视界的营业收入分别为人民币1.70亿、2.56亿、2.87亿和0.54亿元，2025年上半年营收同比增长62%；相应的净亏损分别为人民币1.90亿、0.87亿、0.79亿和0.94亿元，相应经调整净亏损分别为人民币1.32亿、0.68亿、0.43亿和0.67亿元。在融资历程上，五一视界共经历8轮融资，截至2024年12月31日，该公司于中国数字孪生解决方案市场中融资金额排名第一，最后一轮估值达人民币44亿元。其背后投资阵容强大，包括知名基金光速、云九、Star VC、谢诺投资，产业投资人商汤科技、摩尔线程等。此外，51WORLD也吸引了葛卫东、梁伯韬等知名个人投资人入股。业内人士认为，此次通过港交所聆讯后，五一视界若能够成功上市，不仅填补港股Physical 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