Core Viewpoint - Siwei Zhihui (Nanjing) Technology Co., Ltd. has submitted its prospectus to the Hong Kong Stock Exchange, with CITIC Securities as its sole sponsor, indicating its intention to go public and raise capital for its operations [1][2]. Company Overview - Siwei Zhihui is recognized as a supplier of intelligent cockpit solutions, known for its innovative software development capabilities and comprehensive product coverage from edge to cloud [2]. - According to Frost & Sullivan, the company ranks tenth among domestic first-tier intelligent cockpit solution suppliers in 2024, holding a market share of 0.1%, and ranks third among software-driven first-tier suppliers globally [2]. Financial Performance - The company's revenue for the years 2022 to 2024 is projected as follows: 539 million RMB in 2022, 477 million RMB in 2023, and 479 million RMB in 2024 [2]. - The annual losses for the same period are expected to be 204 million RMB in 2022, 265 million RMB in 2023, and 378 million RMB in 2024 [2]. Income Statement Summary - For the year ending December 31, 2022, the company reported total revenue of 538.75 million RMB, with a gross profit of 162.93 million RMB, resulting in a gross margin of 30.2% [3]. - The cost of sales for 2022 was 375.82 million RMB, representing 69.8% of revenue [3]. - The company incurred a pre-tax loss of 202.96 million RMB in 2022, which is 37.7% of its revenue [3]. Board of Directors - The board consists of nine members, including one executive director, five non-executive directors, and three independent non-executive directors [3][4]. - Cheng Peng serves as the non-executive director and chairman, overseeing the group's overall strategic planning and major business decisions [4][5]. Leadership Background - Cheng Peng has significant experience in the industry, having joined Siwei Zhihui in 2003 and played a crucial role in its strategic transformation from a pure map service provider to a comprehensive solution supplier [6]. - Wang Jingying, an independent non-executive director, has extensive experience in retail and brand development, previously serving as the CEO of Starbucks China [8][9].