Core Viewpoint - The company, Xidi Intelligent Driving, is set to launch an IPO from December 11 to December 16, 2025, offering 5.408 million H-shares at a price of HKD 263 per share, with expected trading to commence on December 19, 2025 [1] Group 1: Company Overview - Xidi Intelligent Driving is an innovative supplier focused on intelligent driving products and solutions for commercial vehicles in China, particularly in closed environments for mining and logistics [1] - The company ranks sixth among all intelligent driving commercial vehicle companies in China, holding a market share of approximately 5.2% [2] - Xidi has delivered 56 autonomous mining trucks in a mixed fleet with around 500 manned trucks, creating the world's largest mixed-operation mining vehicle fleet [2] Group 2: Financial Projections - The company expects to receive a net amount of approximately HKD 1.309 billion from the global offering, assuming the over-allotment option is not exercised [3] - Revenue is projected to grow from RMB 31.1 million in 2022 to RMB 410 million in 2024, reflecting a compound annual growth rate (CAGR) of 263.1% [4] - The gross profit is anticipated to increase from RMB 26.8 million in 2023 to RMB 101 million in 2024 [4] Group 3: Use of Proceeds - Approximately 55% of the net proceeds from the offering will be allocated to research and development over the next five years, with specific allocations for various teams and projects [3] - About 15% of the proceeds will be used to enhance commercial capabilities and strengthen collaborations with domestic and global clients [3] - The company plans to invest around 20% of the proceeds in potential investments and acquisitions to further integrate upstream and downstream resources [3]
希迪智驾12月11日至12月16日招股 拟全球发售540.8万股H股 引入湘江智骋等基石投资者
Zhi Tong Cai Jing·2025-12-10 22:54