Sou Hu Cai Jing·2025-11-06 11:18Company Overview - Smart Interconnect Technology Co., Ltd. has officially submitted its listing application to the Hong Kong Stock Exchange, with CITIC Securities and Jianyin International as joint sponsors [1] - Established in 2015, the company is a leader in the field of artificial intelligence technology and spatial intelligent solutions in mainland China, particularly focusing on urban traffic management [1] Market Position - According to Frost & Sullivan, Smart Interconnect ranks fourth among all spatial intelligent solution providers in the smart transportation industry in mainland China, holding a market share of 6.6% based on projected revenue for 2024 [1] - The company is the leading provider of spatial intelligent roadside solutions, with a market share of 19.3% [1] Financial Performance - The company's revenue for the years 2022, 2023, 2024, and the first half of 2025 is reported as 538.39 million, 618.09 million, 699.74 million, and 102.88 million respectively [3] - Net losses for the same periods are significant, amounting to 360.28 million, 256.72 million, 287.72 million, and 273.40 million [3] Shareholder Structure - Prior to the Hong Kong listing, the major shareholders include Yan Jun, who controls 40.72% of the shares, and Liu Wuzhan, with 9.56%, collectively holding approximately 50.28% of the company [3] - Other notable shareholders include Zhangjiakou Airport, Green Capital, Gao Rong Venture Capital, NIO, Shenzhen Capital Group, and Yuntian Lefe [3] - Xiaomi holds a 4.21% stake in Smart Interconnect through its investment platform, Huanxing Venture Capital, which invested 8.97 million [3]