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博泰车联(02889)9月22日-9月25日招股 拟全球发售1043.69万股H股
智通财经网·2025-09-21 22:32

Core Viewpoint - The company, Botai Carlink (02889), is set to launch an IPO from September 22 to September 25, 2025, aiming to issue 10.4369 million H-shares at a price of HKD 102.23 per share, with trading expected to commence on September 30, 2025 [1][2]. Group 1: Company Overview - Botai Carlink is a leading provider of smart cockpit solutions in China, ranking as the third-largest supplier of domain controllers for passenger car smart cockpits with a market share of 7.3% as of 2024 [1]. - The company differentiates itself by offering integrated smart cockpit solutions that combine software, hardware, and cloud services, catering to diverse customer needs [1]. Group 2: Financial Performance - The company has shown significant revenue growth, with revenues of RMB 1.218 billion, RMB 1.496 billion, RMB 2.557 billion, and RMB 754 million for the years 2022, 2023, 2024, and the five months ending May 31, 2025, respectively [2]. - Gross profits for the same periods were RMB 171 million, RMB 231 million, RMB 301 million, and RMB 98.7 million, with corresponding gross profit margins of 14.1%, 15.4%, 11.8%, and 13.1% [2]. - The company reported net losses of RMB 4.52 billion, RMB 2.84 billion, RMB 5.41 billion, and RMB 2.2 billion for the years 2022, 2023, 2024, and the five months ending May 31, 2025, respectively [2]. - Adjusted EBITDA figures for the same periods were RMB (3.18) billion, RMB (1.27) billion, RMB (2.15) billion, and RMB (1.01) billion [2]. Group 3: IPO and Use of Proceeds - The company has secured cornerstone investment agreements with Horizon Together Holding Ltd., Huangshan SP, and Smart Ventures Limited, totaling approximately HKD 466 million [3]. - The estimated net proceeds from the global offering are approximately HKD 919 million, intended for various purposes: 30% for expanding product offerings and enhancing technology, 30% for improving production and testing capabilities, 20% for expanding sales and service networks, 10% for strategic investments, and 10% for working capital and general corporate purposes [3].