驭势科技冲刺港交所IPO 多个客户与供应商重叠

Core Viewpoint - Yushi Technology (Beijing) Co., Ltd. is currently pursuing an IPO on the Hong Kong Stock Exchange, with significant growth expected in its autonomous driving software solutions by 2024, despite a reported decrease in customer numbers for that segment [1][2]. Financial Performance - Yushi Technology's revenue for the years 2022 to 2024 is approximately 65.5 million, 161 million, and 266 million yuan, respectively, with net losses of about 250 million, 213 million, and 212 million yuan, indicating that the company has not achieved profitability during this period [2]. - The gross profit from autonomous driving software solutions is projected to increase from approximately 29 million yuan in 2023 to about 52 million yuan in 2024, making it the largest contributor to gross profit in 2024 [2]. Customer Dynamics - The average retention rate of key customers from 2022 to 2024 is approximately 70.1%, with significant revenue contributions from new customers each year [4][5]. - The number of key customers contributing over 10 million yuan annually has fluctuated, with 45.4%, 53.2%, and 16.3% of total revenue in 2022, 2023, and 2024, respectively, coming from new customers [5]. Employee and Operational Efficiency - Employee welfare expenses decreased from approximately 22.9 million yuan in 2023 to 20.7 million yuan in 2024, attributed to improved operational efficiency [8]. - The total number of employees, including part-time staff, decreased from 492 in 2023 to 437 in 2024, marking a decline of 11.18% [8].