Core Viewpoint - Guangdong Audiwei Sensor Technology Co., Ltd. has submitted an application to list on the Hong Kong Stock Exchange, focusing on the research, manufacturing, and sales of sensors and actuators for various high-growth downstream applications [1]. Company Overview - Audiwei specializes in providing comprehensive intelligent sensing and actuation solutions for smart homes, smart cars, smart terminals, and smart manufacturing [5]. - The company operates under an IDM (Integrated Device Manufacturer) model, integrating all key production processes for sensors and actuators, including sensitive materials, transducer chips, algorithms, and precision manufacturing [5]. Market Position - Audiwei ranks second in China for smart home product sensor revenue in 2024 and third globally for automotive ultrasonic sensors and actuators shipped [6]. - The company has three domestic production bases in Guangzhou, Zhaoqing, and Jingdezhen, and one overseas base in Selangor, Malaysia [6]. Financial Performance - Revenue for Audiwei was RMB 377.951 million in 2022, RMB 467.081 million in 2023, and is projected to reach RMB 617.164 million in 2024, reflecting a compound annual growth rate (CAGR) of 27.8% [11]. - Net profit for the same years was RMB 52.618 million, RMB 76.978 million, and RMB 93.951 million, with a CAGR of 33.6% [12]. Profitability Metrics - Gross margin improved from 34.9% in 2022 to 38.0% in 2023, while net profit margin increased from 13.9% to 16.5% during the same period [10][13]. Industry Overview - The sensor and actuator market is expected to grow steadily, driven by increasing demand for intelligent sensing and precise motion control [14]. - The global sensor market is projected to expand from USD 189.1 billion in 2020 to USD 237.1 billion by 2024, with a CAGR of 5.8% [14]. - In China, the sensor market is expected to grow from RMB 292.9 billion in 2020 to RMB 398.3 billion by 2024, with a CAGR of 8.0% [14]. Smart Home Market - The global market for sensors and actuators in smart home products is projected to reach approximately USD 23 billion and USD 45.9 billion, respectively, by 2024 [16]. - The Chinese market for the same is expected to reach RMB 44.9 billion and RMB 86.5 billion [16]. Automotive Market - The global market for automotive sensors and actuators is expected to reach approximately USD 45.7 billion and USD 40.6 billion, respectively, by 2024 [18]. - In China, the market size for automotive sensors and actuators is projected to reach RMB 89.5 billion and RMB 86.7 billion [18].
奥迪威递表港交所 主要从事传感器及执行器的研发、制造与销售