New stock news | AIWB submits application to Hong Kong Stock Exchange as the first one-stop smart property and building solution provider in the United States.

According to the disclosure on July 25 by the Hong Kong Stock Exchange, AIWB INC. (AIWB for short) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with PuYin International as its exclusive sponsor. According to the prospectus, as advised by Zhishi Consultation, AIWB is the first one-stop intelligent property construction solution provider in the United States. The company focuses on the residential property market in Texas, particularly in major cities like Houston, Dallas, and Austin. The company's goal is to modernize property construction with smart technology to enhance efficiency, transparency, and sustainable growth. The company provides comprehensive services for managing the entire lifecycle of construction projects, including project planning and design, general contracting, and sale of building materials: Property planning and design: The company offers comprehensive planning and design services through its subsidiary Texas Consulting. The process includes initial client consultation and site evaluation, concept and scheme design, final design and regulatory approval, and continued support during the construction phase. General contracting: The company, through its subsidiary WanPacific, serves as a general contractor specializing in residential properties. Key services include managing project implementation progress, overseeing quality and cost control. The company's procurement subsidiary WBHome is responsible for all procurement operations for these projects. Sale of building materials: The company's subsidiary WBHome manages the sale of building materials. Previously, the business focused on purchasing materials from external suppliers and supplying them for the company's general contracting projects to create a streamlined internal supply chain. Since 2025, the company has expanded this business and started selling building materials to third-party customers. The company's digital platform, WBS platform, supports these services by integrating data analysis and robotic technology throughout the property construction lifecycle. The platform simplifies workflows with automated data push and one-click report generation features, enabling the company to provide more efficient, cost-effective, and transparent services benefiting all stakeholders involved in construction projects, such as property investors, developers, subcontractors, and other suppliers and project managers. Since the full adoption of the WBS platform in 2022, the company has achieved significant operational improvements by integrating five core working modules - design and construction, budget and procurement, finance and accounting, contracts and invoices, and imported materials. During the reporting period, the company has expanded its business and improved its financial performance. The operating scale of the company continues to grow. The number of project companies served by the company increased from 19 in 2022 to 22 in 2023 and then 21 in 2024. As the number of project companies grew, the company completed 331, 517, and 709 residential property units in each of those years. To support business expansion, the company maintains a strong supply network and collaborates with around 400 suppliers annually in North America and Asia. As of the end of May 31, 2025, the company served 31 project companies and completed 131 residential property units. In terms of finances, for the years ended 2022, 2023, 2024, and the five months ended May 31, 2025, the company achieved revenues of approximately $103 million, $121 million, $105 million, and $32.96 million respectively. During the same periods, the net profit and comprehensive income/(expense) were -$347,000, $6.204 million, $12.575 million, and -$53.1 million respectively.