希迪智驾(03881.HK)预计12月19日上市 引入工银瑞信等基石

Core Viewpoint - The company, Xidi Intelligent Driving, is planning a global offering of 5.40798 million H-shares, with a focus on the development of intelligent driving products and solutions for commercial vehicles in closed environments, particularly in mining and logistics [1][2]. Group 1: Company Overview - Xidi Intelligent Driving ranks sixth among all intelligent driving commercial vehicle companies in China, holding a market share of approximately 5.2% [2]. - The company has delivered 56 autonomous mining trucks in China, creating the world's largest mixed-operation mining truck fleet, which includes around 500 manned trucks [2]. - It is recognized for delivering the first fully unmanned electric mining truck fleet in China [2]. Group 2: Market Position and Technology - By revenue projections for 2024, Xidi Intelligent Driving ranks third in the autonomous mining truck solutions market in China [2]. - The company is one of the first in China to commercialize V2X (Vehicle-to-Everything) products [2]. - Its Train Autonomous Perception System (TAPS) is the only product in China that achieves independent safety perception for trains [2]. Group 3: Fundraising and Use of Proceeds - The company has entered into cornerstone investment agreements, with cornerstone investors agreeing to subscribe for shares totaling approximately HKD 546.1 million [3]. - Assuming no exercise of the over-allotment option, the net proceeds from the global offering are expected to be around HKD 1.309 billion, with about 55% allocated for R&D over the next five years [3]. - Approximately 15% of the net proceeds will enhance domestic and international commercialization capabilities, while 20% will be used for potential investments and acquisitions to integrate upstream and downstream resources [3].