F-1
filed
Initial foreign registration statement
Initial public filing for a foreign issuer submitted to start the SEC review process.
Follows DRS/A in the pre-IPO sequence.
Class A · Exchange Nasdaq · Use of proceeds working capital, research and development, and general corporate purposes · Flags dual_class, cayman_holding_company, foreign_private_issuer · Underwriters Eddid Securities USA Inc.
2026-10-21 · 0001213900-26-111161
DRS/A
amended
Amended draft registration statement
Updated draft registration filed before the public launch.
Updates the prior DRS/A filing.
2026-08-17 · 0001213900-26-090575
DRS/A
amended
Amended draft registration statement
Updated draft registration filed before the public launch.
Updates the prior DRS/A filing.
2026-07-23 · 0001213900-26-080793
DRS/A
amended
Amended draft registration statement
Updated draft registration filed before the public launch.
Updates the prior DRS/A filing.
Sensing4D AI Ltd's current filing highlights significant revenue growth, driven by a 115.1% increase in integrated AI-powered 3D solutions revenue to RMB114.7 million (US$15.8 million) in FY2025, offset by a 97.3% decline in product sales. Gross profit margin remained stable at ~23.3-23.9%, while net income surged to RMB10.0 million in FY2025 from RMB2.1 million in FY2024. The company is shifting focus from lower-margin hardware sales to higher-value integrated solutions, expanding 3D modeling applications into new industries. Tax benefits and government grants contributed to profitability, with Cayman Islands tax exemptions and PRC preferential rates for HNTEs.
2026-05-01 · 0001213900-26-050737
DRS/A
amended
Amended draft registration statement
Updated draft registration filed before the public launch.
Updates the prior DRS/A filing.
Sensing4D AI Ltd's current filing highlights significant revenue growth, driven by a 115.1% increase in integrated AI-powered 3D solutions revenue to RMB114.7 million (US$15.8 million) in FY2025, offset by a 97.3% decline in product sales. The company shifted focus from low-margin hardware to higher-value integrated solutions, leading to a 83.8% overall revenue increase. Gross profit margins remained stable at ~23.3-23.9%, while R&D expenses rose 58.6% to RMB9.5 million. Tax benefits and operational efficiencies contributed to a net income jump from RMB2.1 million to RMB10.0 million.
2026-03-25 · 0001213900-26-033965
DRS/A
amended
Amended draft registration statement
Updated draft registration filed before the public launch.
Updates the prior DRS filing.
Sensing4D AI Ltd's current filing shows significant revenue growth, with total revenues increasing 83.8% to RMB114.9 million (US$15.8 million) for the year ended March 31, 2025, driven by integrated AI-powered 3D solutions. Cost of revenues rose 82.3% to RMB87.5 million, but gross margin remained stable at ~23.9%. Net income surged to RMB10.0 million (US$1.4 million) from RMB2.1 million, reflecting operational improvements and strategic focus on high-value solutions. The company shifted away from hardware sales toward integrated AI solutions, with 3D modeling projects expanding across industries like manufacturing and smart education.
2026-02-17 · 0001213900-26-016671
DRS
filed
Draft registration statement
Draft registration filed confidentially before the public launch.
First tracked pre-IPO filing for this issuer.
Sensing4D AI Ltd's DRS filing highlights significant revenue growth driven by technological innovation and expanded application scenarios, with revenues increasing 83.8% to RMB114.9 million (US$15.8 million) in FY2025. The company emphasizes ongoing R&D investments to enhance its Sen-3D platform, while addressing customer concentration risks through diversification. Key focus areas include expanding into gaming, healthcare, and energy sectors, alongside managing costs and leveraging tax benefits from its Cayman Islands and Hong Kong structure.
2025-12-22 · 0001213900-25-124291