魔视智能递表港交所，3年半亏损超7亿元

Core Viewpoint - Magic View Intelligent Technology (Shanghai) Co., Ltd. has submitted an IPO application to the Hong Kong Stock Exchange despite incurring over 700 million RMB in losses over the past three and a half years, indicating a focus on AI-driven smart driving technology solutions [1][2] Group 1: Company Overview - Founded in 2015, the company specializes in AI model-driven smart driving technology, providing integrated software and hardware solutions for OEMs and Tier 1 suppliers [1] - The product portfolio includes driving solutions (Magic Drive), automatic parking solutions (Magic Parking), and active safety solutions (Magic Safety) [1] - The company has established partnerships with major automotive manufacturers such as GAC, BYD, Geely, Chery, BAIC, Great Wall, Changan, Dongfeng, SAIC, and FAW, expanding its business to markets in the Americas, Europe, Southeast Asia, the Middle East, and Oceania [1] Group 2: Financial Performance - Revenue for the years 2022 to 2024 is projected to be 117.8 million RMB, 146.5 million RMB, and 356.8 million RMB, respectively, with losses of 200 million RMB, 228 million RMB, and 234 million RMB during the same period [2] - In the first half of 2025, the company reported revenue of 188.6 million RMB, a year-on-year increase of 76.4%, with a net loss of 112 million RMB [2] - Gross margins for 2022 to 2024 are expected to be 25.6%, 13.7%, and 14.2%, with a gross margin of 20.1% in the first half of 2025, up from 10.0% in the same period last year [2] Group 3: IPO Purpose - The funds raised from the IPO will be used to enhance research and development capabilities, focus on continuous iteration and upgrading of smart driving solutions, expand production capacity, upgrade technology, and improve delivery capabilities [2] Group 4: Leadership - The founder and CEO, Yu Zhenghua, controls 29.65% of the voting rights at the company’s shareholder meeting as of the last practical date [2] - Yu Zhenghua has been the executive director and CEO since January 2017 and will transition to an executive director role in September 2025 [2]