这家智驾企业累亏21亿，创始人获1.04亿元报酬

Core Viewpoint - The article discusses the IPO ambitions of Furuitek (Zhejiang) Intelligent Technology Co., Ltd., highlighting its rapid revenue growth but significant losses, as well as its close ties with Geely Holding Group and other investors [1][3][10]. Company Overview - Furuitek was established in 2016 and specializes in intelligent driving solutions, covering Advanced Driver Assistance Systems (ADAS) and Autonomous Driving Systems (ADS) [5]. - The company has become a preferred supplier for several top OEMs, ranking second among third-party suppliers in China for both revenue and installation volume of L0 to L2 level driving assistance solutions [5][6]. Financial Performance - Furuitek's revenue for the years 2022, 2023, and 2024 was 328 million, 908 million, and 1.283 billion respectively, with a compound annual growth rate of 97.6% [7]. - The company reported cumulative losses of 2.121 billion, with net losses of 855 million, 738 million, and 528 million for the respective years [7][8]. - Operating cash flow has been negative, with outflows of 703 million, 498 million, and 153 million over the same period, indicating ongoing financial pressure [8]. Investor Relations and Valuation - Furuitek has undergone ten rounds of financing, raising a total of 1.904 billion, with a post-investment valuation increasing from 3.5 billion in July 2021 to 6.36 billion by December 2024, reflecting an 81.71% growth [17]. - The company has a high customer concentration, with revenue from the top five customers accounting for 73.6%, 76.4%, and 91.2% of total revenue during the reporting periods, with Geely's contribution rising significantly [10][11]. Leadership and Compensation - The founder and CEO, Zhang Lin, has a background in the automotive industry and has received a total compensation of approximately 1.04 billion over the reporting period [9][15]. - Other executives have also received substantial compensation, with the total remuneration for the top five highest-paid individuals reaching 113 million, 13.4 million, and 18.8 million [16].