新股消息 承泰科技递表港交所 为中国车载前向毫米波雷达市场的最大国内供货商

Core Viewpoint - Chengtai Technology has submitted its listing application to the Hong Kong Stock Exchange, positioning itself as a leading supplier in the Chinese automotive millimeter-wave radar market, with significant market shares in both forward and overall radar segments [1][2]. Group 1: Company Overview - Chengtai Technology is the largest domestic supplier in China's automotive forward millimeter-wave radar market, holding a market share of 9.3%, and the third-largest in the overall millimeter-wave radar market with a share of 4.5% [1]. - The company specializes in the design, research and development, manufacturing, and commercialization of millimeter-wave radar products, integrating software and algorithm capabilities with radar hardware to enhance compatibility across different vehicle models [1][2]. Group 2: Business Model and Product Offerings - The company operates on a "business triad" model, focusing on high-quality hardware, agile software updates, and rapid delivery systems to meet the evolving demands of intelligent driving [2]. - Chengtai Technology has developed a range of millimeter-wave radar products to cater to various intelligent driving needs, with seven major radar models launched, including forward and corner radars [2][3]. Group 3: Client Engagement and Delivery Performance - The company has secured over 20 automotive clients, including leading OEMs in China, and has begun integrating its 5.5 generation 4D high-resolution radar products into advanced driving systems for major clients [3]. - Chengtai Technology boasts a significantly shorter average product delivery cycle of six to nine months for customized software, compared to the industry standard of 12 to 24 months, with some projects delivered within a month for established clients [3]. Group 4: Financial Performance - The company has demonstrated rapid revenue growth, achieving revenues of 57.65 million RMB, 157 million RMB, 348 million RMB, and 539 million RMB for the fiscal years 2022, 2023, 2024, and the first half of 2025, respectively [4]. - Corresponding gross profits for the same periods were 16.54 million RMB, 48.49 million RMB, 118 million RMB, and 74.51 million RMB [4].