新股消息 | 拓必达递表港交所 为广东省著名智能交通供应商

Company Overview - The company, Topida (Group) Holdings Limited, is a well-known intelligent transportation supplier in Guangdong Province and a leader in applying AI for city-level holographic road networks [4] - It utilizes IoT, big data, and AI technologies to establish autonomous systems through a proprietary four-layer modular architecture, effectively addressing key challenges such as data silos and high operational costs [4] - The core business focuses on the transportation sector, providing two main categories of intelligent solutions aimed at promoting digitalization in traffic governance and building a smarter, data-driven urban mobility system [4] Business Model - The company's operational model revolves around three business lines: (i) intelligent solutions, (ii) maintenance services, and (iii) ICT-related solutions [5] - Although the company's expertise lies in the transportation sector, it has successfully expanded this model to other key markets, including urban management and various applications targeting enterprise and community needs [5] - The solutions are designed to be flexible, deployable as complete end-to-end solutions or as standalone modules, ensuring rapid deployment and adaptability to customer expansion needs [5] Financial Performance - The company's revenue for the fiscal years 2023, 2024, and the first nine months of 2025 were approximately RMB 191.995 million, RMB 125.946 million, and RMB 271.208 million respectively [7] - The annual/profit for the same periods were RMB 47.034 million, RMB 40.070 million, and RMB 43.908 million respectively [8] - The gross profit margins for these periods were 34.5%, 50.6%, and 26.3% respectively [9] Industry Overview - The intelligent transportation systems market is projected to grow from approximately RMB 152.9 billion in 2020 to RMB 274.1 billion by 2024, with a compound annual growth rate (CAGR) of 15.7% [12] - The market is expected to reach around RMB 687.1 billion by 2030, driven by investments in areas such as autonomous driving roadside systems and AI-driven operational management [12] - Guangdong Province, as a pioneer in intelligent transportation applications, is expected to see its market grow from RMB 18.1 billion in 2020 to RMB 33.3 billion by 2024, with a CAGR of approximately 16.5% [13] Market Demand - The demand for intelligent and digital urban management solutions in Guangdong Province is strong and sustained, driven by increasing urban operational complexity and ongoing investments in smart city construction [20] - The market for intelligent urban management solutions in Guangdong is projected to grow from approximately RMB 21 billion in 2020 to RMB 42.8 billion by 2024, with a CAGR of about 19.5% [20]