上海独角兽，冲刺港股IPO！

Core Viewpoint - Xiangdao Mobility (Shanghai) Technology Co., Ltd. has submitted an IPO application to the Hong Kong Stock Exchange, with CICC and Guotai Junan International serving as joint sponsors [1] Group 1: IPO Details - The IPO proceeds will be used for autonomous driving R&D, Robotaxi operations, service development, expanding user and driver base, enhancing brand awareness, increasing market share, vehicle acquisition, and general corporate purposes [4] - The company was established in April 2018 as a limited liability company and was restructured into a joint-stock company in September this year, changing its name to Xiangdao Mobility [4] Group 2: Business Overview - Xiangdao Mobility has become a leading comprehensive smart mobility platform in China, offering ride-hailing, vehicle leasing, vehicle sales, and Robotaxi services [5] - As of June 2023, the company has approximately 1.062 million registered drivers and operates in 85 cities across China, achieving over 600,000 daily orders and a GTV exceeding 5.5 billion yuan in 2024 [7] Group 3: Financial Performance - The company reported revenues of 4.729 billion, 5.718 billion, and 6.395 billion yuan for 2022, 2023, and 2024 respectively, with net losses of 778 million, 604 million, and 407 million yuan [7] - The gross profit margins for the same years were 1.0%, 6.6%, and 7.0%, indicating a narrowing of operating losses over the years [7] Group 4: Technological Advancements - The company’s proprietary "Xiangdao Smart Brain" system utilizes AI and reinforcement learning for dynamic scheduling and risk management, resulting in an 11.1% increase in monthly GTV and a 9.1% decrease in average driving distance as of July 2024 [8] Group 5: Financing and Growth Strategy - Xiangdao Mobility has completed three rounds of financing, raising a total of 2.63 billion yuan, with the latest round in May 2023 amounting to 1.3 billion yuan, achieving a post-financing valuation of 1 billion USD [8] - The company aims to accelerate the development of customized Robotaxi solutions and establish a safe and efficient operational platform to capture future mobility opportunities [8]