镁佳冲刺港交所：2024年交付超63万件集成式域控解决方案，IPO前估值9.3亿美元

Core Viewpoint - Magnesium Limited is set to go public on the Hong Kong Stock Exchange, focusing on AI-driven integrated domain control solutions for next-generation software-defined vehicles [2]. Group 1: Company Overview - Magnesium was established in 2019 and specializes in integrated domain control solutions that combine various smart vehicle functions, including intelligent cockpit, ADAS parking, ADAS driving, vehicle networking, and OTA upgrades [2]. - As of June 22, 2025, Magnesium's solutions have been applied in multiple models from leading manufacturers such as Chery, Changan, Dongfeng, Changan Mazda, Nissan, and Ford [2]. Group 2: Market Position - Magnesium is ranked among the top two suppliers of integrated domain control solutions in China based on new installations in 2023 and 2024 [4]. - The company is noted for being the fastest to reach a cumulative delivery of 1 million units in the integrated domain control solutions industry in China [4]. Group 3: Financial Performance - Revenue figures for Magnesium from 2022 to 2024 are 388 million yuan, 1.513 billion yuan, and 1.420 billion yuan, with gross margins of 19.0%, 12.1%, and 21.8% respectively [4]. - The number of customers increased from 7 in 2022 to 12 in 2024, with cumulative designated quantities rising from 15 to 48 over the same period [3]. Group 4: Future Plans - The company plans to use the net proceeds from its IPO to enhance R&D capabilities, expand its product offerings, and grow its sales and marketing network both domestically and internationally [5]. - After the final round of financing before the IPO, Magnesium's valuation exceeded 930 million USD [5].