新股消息 | 华大北斗再度递表港交所 2024年出货量在全球GNSS芯片及模组市场排名第六

Company Overview - Shenzhen Huada Beidou Technology Co., Ltd. (Huada Beidou) is a well-known provider of space positioning services in China, headquartered in Shenzhen, specializing in chips, modules, and related solutions supporting Beidou and other major GNSS systems [3] - The company ranks sixth globally in GNSS chips and modules market share by shipment volume, with a market share of 4.8% in 2024, and ranks eighth by revenue with a market share of approximately 1.1% among domestic companies in China [3] - Huada Beidou offers a comprehensive product portfolio, including self-developed GNSS chips and modules, as well as third-party sourced products, catering to various applications such as transportation, consumer electronics, and environmental monitoring [3][4] Financial Performance - In the fiscal years 2022, 2023, and 2024, Huada Beidou reported revenues of approximately RMB 698 million, RMB 645 million, and RMB 840 million respectively, with a projected revenue of RMB 335 million for the first half of 2024 and RMB 403 million for the first half of 2025 [5][6] - The company experienced losses in the same periods, with net losses of approximately RMB 92.6 million in 2022, RMB 289.1 million in 2023, and RMB 141.3 million in 2024, indicating ongoing financial challenges [6][7] Industry Overview - The global GNSS space positioning services market is expected to grow significantly, with a projected market size of RMB 22,863 billion in 2024 and a compound annual growth rate (CAGR) of 7.9% from 2024 to 2029 [8] - The growth is driven by advancements in artificial intelligence technology, the increasing demand for smart vehicles, and the expansion of low-altitude economies, which will enhance the demand for GNSS services [8] - The Chinese GNSS space positioning services market is projected to grow from RMB 4,407 billion in 2020 to RMB 5,476 billion in 2024, with a CAGR of 5.6%, supported by government initiatives and the integration of GNSS into the digital economy [16]