四维智联冲刺港交所：国内第十大一级智能座舱解決方案供应商，估值超40亿

Core Viewpoint - Siwei Zhihui (Nanjing) Technology Co., Ltd. is preparing for an IPO on the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor, aiming to enhance its market position in the intelligent cockpit solutions sector [2][3]. Company Overview - Founded in 2015, Siwei Zhihui is a supplier of intelligent cockpit solutions, controlled by Siwei Tuxin Group. As of 2024, it ranks tenth among domestic primary intelligent cockpit solution providers with a market share of 0.1%, and third among software-driven primary suppliers globally [3]. - The company has delivered over 15.9 million intelligent cockpit software solutions and more than 1.55 million integrated hardware-software solutions to approximately 20% of China's vehicle manufacturers [3]. Financial Performance - Revenue figures for Siwei Zhihui from 2022 to 2024 are as follows: 539 million RMB, 477 million RMB, and 479 million RMB. The gross margins during the same period were 30.2%, 29.4%, and 29.2%, respectively. Adjusted net losses were 14 million RMB, 60 million RMB, and 133 million RMB [3]. Investment and Valuation - Major investors in Siwei Zhihui include Didi, MediaTek, Yihua Fund, Tencent, and others. Didi holds a 16.46% stake, making it the largest external investor [4]. - Following the last round of financing before the IPO in August 2024, Siwei Zhihui's valuation reached 4.07 billion RMB. The funds raised from the IPO will primarily be used for capacity building, technology research and development, and general corporate purposes [5].