Core Viewpoint - The company Xidi Zhijia (3881.HK), known as the "first stock of autonomous mining trucks," has launched its IPO with a share price of HKD 263, aiming to raise approximately HKD 1.42 billion and is expected to be listed on December 19 [1]. Group 1: Company Overview - Xidi Zhijia is an innovative supplier in the field of intelligent driving products and solutions for commercial vehicles, focusing on the development of autonomous mining trucks, logistics vehicles, V2X (Vehicle-to-Everything) products, and intelligent perception solutions [7]. - The company ranks sixth among all commercial vehicle intelligent driving companies in China and third in autonomous mining truck solutions [8]. Group 2: IPO Details - The IPO involves the issuance of 5.408 million shares [4]. - The expected listing date is December 19 [5]. - The offering price is set at HKD 263 per share [6]. Group 3: Market Position and Growth Potential - Xidi Zhijia operates the largest mixed fleet of autonomous mining trucks globally, consisting of 56 autonomous trucks and nearly 500 manned vehicles [10]. - The company has launched the first batch of commercial V2X products in China [13]. - The autonomous mining truck solution is projected to capture 75.6% of the closed-environment autonomous driving market, with a potential market size of CNY 550 billion by 2024 [30]. Group 4: Financial Performance - The company reported revenues of CNY 410.04 million for the year ending December 31, 2022, with projected revenues of CNY 258.46 million for 2023 [47][48]. - Gross profit figures indicate a growth trajectory, with CNY 101.44 million expected for 2023 [49]. Group 5: Research and Development - The company employs 249 R&D personnel, accounting for 54.1% of its total workforce [44]. - Xidi Zhijia holds 513 patent applications and 356 registered patents, showcasing its commitment to innovation [46].
一图看懂希迪智驾(3881.HK)IPO