福瑞泰克再次递表港交所，2024年为中国第二大辅助驾驶独立供应商

Core Insights - Furuitek has refiled for an IPO on the Hong Kong Stock Exchange after a year, with sponsors including CITIC Securities, CICC, Huatai International, and HSBC [2] - The company is a leading provider of advanced driver assistance systems (ADAS), having established partnerships with 51 OEMs and over 380 designated projects, with a market share of 7.2% in the L0 to L2 level ADAS solutions in China [2] - Furuitek offers comprehensive soft and hard integrated driving assistance solutions, including FT Pro, FT Max, and FT Ultra, aimed at enhancing user safety and comfort in smart vehicles [2] Financial Performance - In 2022, Furuitek's revenue from FT Pro was RMB 139.33 million, FT Max was RMB 138.04 million, and FT Ultra was RMB 50.35 million [4] - In 2023, revenues increased significantly, with FT Pro at RMB 173.53 million, FT Max at RMB 290.40 million, and FT Ultra at RMB 443.70 million [4] - For 2024, projected revenues show FT Pro at RMB 110.74 million, FT Max at RMB 558.12 million, and FT Ultra at RMB 614.41 million [4] R&D Services - Furuitek also provides R&D services to OEMs, focusing on customized smart solutions and project development services [4] - Revenue from driver assistance R&D services for 2022 was RMB 45.0 million, accounting for 13.7% of total revenue, while in 2023 it was RMB 119.3 million, representing 13.1% [5] - The revenue from R&D services decreased in 2024 to RMB 54.2 million, making up 4.2% of total revenue, and further decreased to RMB 31.0 million for the six months ending June 30, 2025, accounting for 3.3% [5]