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驭势科技以18C冲刺港交所:专注全场景L4级自动驾驶技术,营收复合年增101%
IPO早知道·2025-05-29 03:05

Core Viewpoint - Yushi Technology (Beijing) Co., Ltd. is set to go public on the Hong Kong Stock Exchange, becoming the 10th specialized technology company to list under the 18C framework, focusing on L4-level autonomous driving solutions for various scenarios including airports and factories [2][3]. Group 1: Company Overview - Founded in 2016, Yushi Technology specializes in true unmanned, all-scenario L4-level autonomous driving technology, covering both closed environments like airports and factories, as well as open scenarios such as logistics and buses [3][4]. - As of May 20, 2025, Yushi Technology has partnered with 17 airports in China and 3 overseas airports, exploring opportunities with 4 additional airports globally [3][4]. Group 2: Technological Achievements - Yushi Technology is the only global provider of sustainable L4-level autonomous driving solutions for large-scale commercial operations at airports, having started deployment at Hong Kong International Airport 7 years ago [4][5]. - The implementation timeline for autonomous driving solutions has significantly decreased, from approximately 2 years in 2019 to just 6 months by 2025 for Hong Kong International Airport [5]. Group 3: Market Position and Financials - According to Frost & Sullivan, Yushi Technology is the largest supplier of L4-level autonomous driving solutions for airport and factory scenarios in the Greater China region, with a total of approximately 5.8 million kilometers of true unmanned driving mileage as of May 20, 2025 [6]. - The company has developed and launched 52 vehicle models applicable to various scenarios and has deployed solutions for 198 clients across 6 countries and regions, including 35 Fortune Global 500 companies [6]. Group 4: Financial Performance - Yushi Technology's revenue is projected to grow from 66 million RMB in 2022 to 266 million RMB in 2024, reflecting a compound annual growth rate (CAGR) of 101.3%, with gross margins of 45.7%, 48.8%, and 43.7% for the same years [6]. - The company has completed 5 rounds of financing, raising over 1.75 billion RMB, with a valuation of 7.3 billion RMB following its last round before the IPO [7][8]. Group 5: Future Plans - The net proceeds from the IPO will primarily be used to enhance R&D capabilities, expand domestic and international business, improve commercialization, make strategic investments, and for general corporate purposes [8].