琻捷电子递表港交所，3年半亏超10亿元，多名客户兼任供应商

Core Viewpoint - The company, Panjie Electronics, has submitted its listing application and is positioned as a significant player in the automotive wireless sensor SoC market, despite facing substantial losses and cash flow challenges. Financial Performance - Revenue for the periods from 2022 to 2025 is projected to be approximately 104 million, 223 million, 348 million, and 157 million RMB respectively, with corresponding losses of about 205 million, 356 million, 351 million, and 143 million RMB, totaling cumulative losses of 1.055 billion RMB [1][2] - The net cash used in operating activities has shown a continuous outflow, with figures of approximately -152 million, -61.17 million, -137.12 million, and -115 million RMB for the respective periods [3][4] Customer and Supplier Dynamics - The company’s revenue from its top five customers accounted for 41.2%, 35.6%, 52.1%, and 46.8% of total revenue during the reporting periods [4] - There is a notable overlap between major customers and suppliers, with some customers also providing services or components to the company, which is managed under normal commercial terms [5] Market Position - According to a report by Frost & Sullivan, Panjie Electronics is the third largest automotive wireless sensor SoC company globally and the largest in China based on projected revenue for 2024 [1]