车联天下递表港交所 2024年在中国智能座舱域控制器领域位居全国第二

Core Viewpoint - The company, Wuxi Che Lian Tian Xia Intelligent Technology Co., Ltd. (referred to as Che Lian Tian Xia), has submitted its application for listing on the Hong Kong Stock Exchange, with China International Capital Corporation and Guotai Junan Securities as joint sponsors [1] Company Overview - Che Lian Tian Xia is a pioneer and leader in the evolution of automotive E/E architecture, providing a full-stack solution that includes hardware platforms, underlying software, application ecosystems, and service architectures [3] - The company's product portfolio includes in-vehicle computing solutions and regional controller solutions, with a strong focus on intelligent cockpit domain controllers and cockpit-driving integration domain controllers [3][5] - According to Frost & Sullivan, the company ranks second in the Chinese intelligent cockpit domain controller market by revenue in 2024 [3] Strategic Collaborations - The company adopts an open collaboration approach, establishing strategic partnerships with domestic and international partners, allowing automotive manufacturers to customize their intelligent upgrades [4] - It has partnered with leading hardware companies such as Bosch and major chip manufacturers like Qualcomm to develop a diverse product range compatible with mainstream SoC ecosystems [4] Market Position and Growth - As of June 30, 2025, the company is the global leader in shipments of intelligent cockpit domain controllers based on the Qualcomm Snapdragon SA8155P platform [5] - The company has secured over 100 mass production projects for intelligent cockpit domain controllers as a first-tier supplier, indicating a strong market position [5] - The number of design wins for intelligent cockpit domain controllers has significantly increased, with 12 additional wins in 2022 and 45 more expected in 2024 [5] Financial Performance - The company's revenue for the years 2022, 2023, 2024, and the first half of 2025 is approximately RMB 369 million, RMB 2.298 billion, RMB 2.656 billion, and RMB 1.039 billion respectively [6] - The company reported losses of approximately RMB 514 million, RMB 201 million, RMB 253 million, and RMB 262 million for the same periods [7] - The gross profit margins for the years 2022, 2023, 2024, and the first half of 2025 are 9.5%, 17.5%, 16.2%, and 16.2% respectively [8] Industry Overview - The global smart automotive market has experienced strong growth, with sales of vehicles equipped with L1 to L5 autonomous driving capabilities increasing from 21.2 million to 53.9 million [11] - The global domain controller market is expanding, driven by the need for faster system response, increased electrification, and growing complexity in control systems, with a projected market size of RMB 1,934 billion by 2024 [14] - The Chinese domain controller market is also rapidly expanding, with a projected market size of RMB 934 billion by 2024 [14]