Core Insights - Wuxi CheLianTianXia Intelligent Technology Co., Ltd. has officially submitted its main board listing application to the Hong Kong Stock Exchange on November 28 [1] - The company focuses on providing full-stack solutions for in-vehicle computing platforms, including smart cockpit domain controllers and self-developed AutoseeOS software [1] - According to Frost & Sullivan, CheLianTianXia ranks second in China's smart cockpit domain controller market by revenue in 2024 and is expected to lead global shipments of smart cockpit domain controllers based on Qualcomm's Snapdragon SA8155P platform by June 30, 2025 [1] Financial Performance - The company's revenue is projected to grow significantly from 369 million yuan in 2022 to 2.656 billion yuan in 2024, representing an increase of over six times [1] - Gross profit is also expected to rise from 35 million yuan to 430 million yuan during the same period [1] Partnerships and Collaborations - CheLianTianXia has established partnerships with major Chinese automakers such as Geely, Chery, and GAC, securing mass production projects for over 100 models of smart cockpit domain controllers as a first-tier supplier by June 30, 2025 [1] Shareholders and IPO Plans - The company's shareholders include NIO Capital, Bosch Venture Capital, Wingtech Technology, and several state-owned funds from Wuxi and Wuhu [2] - The IPO proceeds are planned to be used for research and development of in-vehicle computing and regional controller solutions, enhancing production capacity, strengthening international expansion, and supplementing working capital [2]

Core Viewpoint - The company, Wuxi Che Lian Tian Xia Intelligent Technology Co., Ltd., has submitted its application for listing on the Hong Kong Stock Exchange, positioning itself as a leader in the automotive E/E architecture evolution and providing comprehensive solutions in the smart vehicle sector [1] Company Overview - The company specializes in full-stack solutions for smart automotive systems, including hardware platforms, underlying software, application ecosystems, and service architectures [1] - Its product offerings include in-vehicle computing solutions and regional controller solutions, with a notable presence in the smart cockpit domain, ranking second in China by revenue in 2024 [1] Strategic Collaborations - The company adopts an open collaboration approach, establishing strategic partnerships with domestic and international players, allowing automotive manufacturers to customize smart upgrades through modular structures [2] - It has partnered with leading hardware and chip manufacturers, such as Bosch and Qualcomm, to develop a diverse product range compatible with mainstream SoC ecosystems [2] Market Position and Growth - By June 30, 2025, the company is projected to be the global leader in shipments of smart cockpit domain controllers based on the Qualcomm Snapdragon SA8155P platform [3] - The company has secured production projects for over 100 models as a first-tier supplier, indicating a strong position in a diverse customer base [3] Financial Performance - The company's revenue for the years 2022, 2023, 2024, and the first half of 2025 is approximately CNY 369 million, CNY 2.298 billion, CNY 2.656 billion, and CNY 1.039 billion respectively [4] - The total comprehensive expenses attributable to the company owners for the same periods are approximately CNY 514 million, CNY 201 million, CNY 253 million, and CNY 262 million [5] - The gross profit margins for these years are 9.5%, 17.5%, 16.2%, and 16.2% respectively [6] Industry Overview - The global smart automotive market has experienced strong growth, with sales of vehicles equipped with L1 to L5 autonomous driving capabilities increasing from 21.2 million to 53.9 million [7] - The global domain controller market is projected to grow from CNY 27.1 billion in 2020 to CNY 193.4 billion in 2024, with a compound annual growth rate (CAGR) of 63.4% [9] - The Chinese smart vehicle market is also expanding rapidly, with sales expected to rise from 7.4 million in 2020 to 30.5 million by 2029 [8]

Core Viewpoint - The company, Wuxi Che Lian Tian Xia Intelligent Technology Co., Ltd. (referred to as Che Lian Tian Xia), has submitted its application for listing on the Hong Kong Stock Exchange, with China International Capital Corporation and Guotai Junan Securities as joint sponsors [1] Company Overview - Che Lian Tian Xia is a pioneer and leader in the evolution of automotive E/E architecture, providing a full-stack solution that includes hardware platforms, underlying software, application ecosystems, and service architectures [3] - The company's product portfolio includes in-vehicle computing solutions and regional controller solutions, with a strong focus on intelligent cockpit domain controllers and cockpit-driving integration domain controllers [3][5] - According to Frost & Sullivan, the company ranks second in the Chinese intelligent cockpit domain controller market by revenue in 2024 [3] Strategic Collaborations - The company adopts an open collaboration approach, establishing strategic partnerships with domestic and international partners, allowing automotive manufacturers to customize their intelligent upgrades [4] - It has partnered with leading hardware companies such as Bosch and major chip manufacturers like Qualcomm to develop a diverse product range compatible with mainstream SoC ecosystems [4] Market Position and Growth - As of June 30, 2025, the company is the global leader in shipments of intelligent cockpit domain controllers based on the Qualcomm Snapdragon SA8155P platform [5] - The company has secured over 100 mass production projects for intelligent cockpit domain controllers as a first-tier supplier, indicating a strong market position [5] - The number of design wins for intelligent cockpit domain controllers has significantly increased, with 12 additional wins in 2022 and 45 more expected in 2024 [5] Financial Performance - The company's revenue for the years 2022, 2023, 2024, and the first half of 2025 is approximately RMB 369 million, RMB 2.298 billion, RMB 2.656 billion, and RMB 1.039 billion respectively [6] - The company reported losses of approximately RMB 514 million, RMB 201 million, RMB 253 million, and RMB 262 million for the same periods [7] - The gross profit margins for the years 2022, 2023, 2024, and the first half of 2025 are 9.5%, 17.5%, 16.2%, and 16.2% respectively [8] Industry Overview - The global smart automotive market has experienced strong growth, with sales of vehicles equipped with L1 to L5 autonomous driving capabilities increasing from 21.2 million to 53.9 million [11] - The global domain controller market is expanding, driven by the need for faster system response, increased electrification, and growing complexity in control systems, with a projected market size of RMB 1,934 billion by 2024 [14] - The Chinese domain controller market is also rapidly expanding, with a projected market size of RMB 934 billion by 2024 [14]

Company Overview - Wuxi Cheliantianxia Intelligent Technology Co., Ltd. (Cheliantianxia) has submitted an application for listing on the Hong Kong Stock Exchange, with China International Capital Corporation and Guotai Junan as joint sponsors [1] - The company is a pioneer and leader in the evolution of automotive E/E architecture, providing a full-stack solution from hardware platforms to service architecture [3][4] Product and Market Position - Cheliantianxia's product portfolio includes in-vehicle computing solutions and domain controller solutions, with a strong position in the smart cockpit domain controller market, ranking second in China by revenue in 2024 [3] - The company has established strategic partnerships with leading global hardware and chip manufacturers, enabling the development of a diverse product range compatible with mainstream SoC ecosystems [4][5] Financial Performance - Revenue figures for Cheliantianxia are as follows: approximately RMB 369 million in 2022, RMB 2.298 billion in 2023, RMB 2.656 billion in 2024, and RMB 1.039 billion for the first half of 2025 [6][9] - The company reported losses of approximately RMB 514 million in 2022, RMB 201 million in 2023, RMB 253 million in 2024, and RMB 262 million for the first half of 2025 [6] - Gross profit margins were recorded at 9.5% in 2022, 17.5% in 2023, and 16.2% for both 2024 and the first half of 2025 [7] Industry Overview - The global smart automotive market has seen strong growth, with sales of vehicles equipped with L1 to L5 autonomous driving capabilities increasing from 21.2 million to 53.9 million [10] - The domain controller market is diversifying, with a projected growth from RMB 27.1 billion in 2020 to RMB 193.4 billion in 2024, reflecting a compound annual growth rate (CAGR) of 63.4% [13] - The Chinese market is also expanding rapidly, with the domain controller market expected to grow from RMB 13.9 billion in 2020 to RMB 93.4 billion in 2024, at a CAGR of 61.0% [13]

Core Viewpoint - CheLink Tianxia has submitted an application to list on the main board of the Hong Kong Stock Exchange, with CICC and Guotai Junan acting as joint sponsors [1] Company Overview - CheLink Tianxia is a pioneer and promoter in the evolution of automotive E/E architecture, offering a product portfolio that includes in-vehicle computing solutions and regional controller solutions [1] - The company provides intelligent cockpit domain controllers, cockpit and driving integration domain controllers, and the AutoseeOS software platform under its in-vehicle computing solutions [1] Market Position - According to Frost & Sullivan, CheLink Tianxia ranks second in the Chinese intelligent cockpit domain controller market by revenue in 2024 [1]

Core Viewpoint - Wuxi CheLianTianXia Intelligent Technology Co., Ltd. has submitted an application to list on the Hong Kong Stock Exchange, indicating its position as a leader in the automotive E/E architecture evolution [1] Company Overview - CheLianTianXia is recognized as a pioneer, leader, and promoter in the automotive E/E architecture evolution [1] - The company's product portfolio includes in-vehicle computing solutions and regional controller solutions [1] Product Offerings - In the in-vehicle computing solutions segment, the company provides various options such as intelligent cockpit domain controllers, cockpit and driving integration domain controllers, and the AutoseeOS software platform [1] - According to Frost & Sullivan, the company ranks second in revenue in the Chinese intelligent cockpit domain controller market for 2024 [1]

Group 1 - The core viewpoint of the article is that Wuxi Autolink Intelligence Tech Co., Ltd. has submitted an application to list on the Hong Kong Stock Exchange, indicating its position as a leader in the automotive E/E architecture evolution [1] - The company is recognized as a pioneer and leader in the automotive E/E architecture, with a product portfolio that includes in-vehicle computing solutions and regional controller solutions [1] - According to Frost & Sullivan, the company ranks second in the Chinese smart cockpit domain by revenue in 2024 [1] Group 2 - The joint sponsors for the listing are CICC and Guotai Junan [3] - The details regarding the number of shares and pricing for the H shares are subject to adjustment based on the exercise of options [3] - The face value of each H share is denominated in Renminbi [3]

Core Viewpoint - CarLink World has submitted its listing application to the Hong Kong Stock Exchange, focusing on the automotive E/E architecture industry and providing comprehensive solutions for smart vehicles [2] Group 1: Business Development - CarLink World emphasizes hardware integration to simplify complexity by consolidating multiple ECUs into fewer high-performance platforms [2] - The company adopts a decoupled software and hardware approach to enhance efficiency, enabling continuous upgrades through OTA [2] - The user-centric design leverages AI technology to create proactive travel companions [2] Group 2: Product Matrix - The product offerings include in-vehicle computing solutions and regional controller solutions, with the intelligent cockpit domain controller being a key component [3] - According to Frost & Sullivan, CarLink World ranks second in revenue in China's intelligent cockpit domain controller market in 2024 [3] - The company achieved global firsts in launching and mass-producing intelligent cockpit domain controllers based on Qualcomm's Snapdragon platforms in 2021 and 2025 [3] Group 3: Customer and Ecosystem - CarLink World has established strategic partnerships with major companies like Bosch and Qualcomm, focusing on developing products compatible with mainstream SoC ecosystems [5] - As of June 30, 2025, the company has secured over 100 mass production projects for intelligent cockpit domain controllers across various vehicle models [5] - The number of customers served increased from 5 in 2022 to 14 in the first half of 2025, with over 2 million in-vehicle computing solutions delivered [5] Group 4: Financial Performance - The company's revenue grew from 369 million yuan in 2022 to 2.656 billion yuan in 2024, while gross profit increased from 35 million yuan to 430 million yuan in the same period [5] - Customer concentration remains high, with the top five customers accounting for 95.3% to 99.5% of revenue from 2022 to the first half of 2025 [5] - The procurement share from the top five suppliers ranged from 82.6% to 89.2%, indicating stable supply chain collaboration [5]