Core Viewpoint - Xingchen Technology has submitted its listing application to the Hong Kong Stock Exchange, with CICC and CITIC Securities as joint sponsors [1] Group 1: Company Overview - Xingchen Technology is a leading global fabless designer and supplier of visual AI SoCs, focusing on empowering various industries through its core technology framework of "perception + computation + connectivity" [4] - The company has successfully designed and developed over 600 SoC products as of June 30, 2025, with a cumulative shipment of 454 million SoCs during the reporting period [4] - Xingchen Technology's solutions are widely applied in smart security, IoT, and automotive sectors, and it is expanding into rapidly growing markets, including 3D perception applications [4] Group 2: Market Position - According to Frost & Sullivan, Xingchen Technology is the largest visual AI SoC supplier globally, holding a market share of 26.7% based on 2024 shipment volume [4] - The company's security visual AI SoC ranks first globally with a market share of 41.2% based on 2024 shipment volume [4] - In the robotics visual AI SoC segment, Xingchen Technology ranks second globally with a market share of 23.0% based on the first half of 2025 shipment volume [4] Group 3: Financial Performance - For the fiscal years ending December 31, 2022, 2023, 2024, and the six months ending June 30, 2025, the company reported revenues of approximately RMB 2.368 billion, RMB 2.020 billion, RMB 2.353 billion, and RMB 1.402 billion respectively [5][7] - The net profits for the same periods were approximately RMB 564 million, RMB 205 million, RMB 256 million, and RMB 120 million respectively [5][7] - The company has incurred research and development expenses of RMB 486 million, RMB 494 million, RMB 602 million, and RMB 317 million for the respective periods [7]
星宸科技递表港交所 为全球最大的视觉AI SoC供应商