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酷赛智能递表港交所 领跑“本土手机解决方案”市场
Mei Ri Jing Ji Xin Wen· 2025-07-07 13:02
Core Viewpoint - Coosea Intelligent Technology Co., Ltd. has submitted its IPO application to the Hong Kong Stock Exchange, aiming to raise funds for capacity expansion, R&D enhancement, strategic acquisitions, IT system upgrades, and general corporate purposes, although specific funding amounts and allocations have not been disclosed [1] Company Overview - Established in 2006, Coosea Intelligent is a provider of end-to-end solutions for smartphones, focusing on R&D, design, production, sales, and service [2] - The company is positioned as a significant player in the domestic smartphone brand solutions market, particularly serving local brands lacking independent design and production capabilities [2] - Coosea Intelligent has developed over 526 smartphone models and 46 other smart devices, with a strong emphasis on optimizing its proprietary didoOS to meet customization needs [2] Market Position - According to Frost & Sullivan data, Coosea Intelligent is the second-largest end-to-end solution provider for local smartphone brands by shipment volume in 2024, expected to rise to the top position in Q1 2025 [3] Financial Performance - Coosea Intelligent's revenue for 2022, 2023, and 2024 was approximately 1.713 billion, 2.302 billion, and 2.717 billion RMB, respectively, with profits of about 110 million, 203 million, and 207 million RMB [4] - The company has a high customer retention rate of 92.9% for local brands and 100% for telecom operators in 2024, indicating strong customer loyalty [4] Customer and Supplier Concentration - The revenue concentration from the top five customers was 38.4%, 44.1%, and 42.8% for the years 2022 to 2024, with the largest customer contributing 11.1% in 2022, increasing to 17.4% in 2023, and decreasing to 10.5% in 2024 [4] - In terms of geographical revenue distribution, 35% of the revenue in 2024 came from the Greater China region, while 28.2% came from the Americas [4] Supplier Dependency - Coosea Intelligent faces supplier dependency risks, with procurement from the top five suppliers accounting for 48.8%, 37.6%, and 33.2% of total procurement from 2022 to 2024 [5] - The company does not typically enter into long-term procurement agreements with suppliers, which raises concerns about the stability of raw material supply and pricing [5]
酷赛智能递表港交所:领跑“本土手机解决方案”市场,去年前五大客户营收占比超四成
Mei Ri Jing Ji Xin Wen· 2025-06-25 09:25
Core Viewpoint - Coosea Intelligent Technology Co., Ltd. has submitted its IPO application to the Hong Kong Stock Exchange, aiming to raise funds for capacity expansion, R&D enhancement, strategic acquisitions, IT system upgrades, and general corporate purposes [1][2]. Company Overview - Established in 2006, Coosea Intelligent specializes in end-to-end solutions for smartphones, including R&D, design, production, sales, and service [2]. - The company serves local smartphone brands lacking independent design and production capabilities, providing consumer smartphones, rugged phones, and IoT products [2]. - Coosea Intelligent has developed over 526 smartphone models and 46 other smart devices as of December 31, 2024 [2]. Production Capacity - As of December 31, 2024, Coosea Intelligent's production facilities include six SMT production lines with an annual capacity of 6.3 million units and eight smart device assembly lines with a capacity of 4.7 million units [3]. Market Position - Coosea Intelligent is the second-largest end-to-end solution provider for local smartphone brands globally by shipment volume in 2024, having reached the top position in Q1 of the same year [3]. Financial Performance - Revenue figures for Coosea Intelligent are as follows: approximately CNY 1.71 billion in 2022, CNY 2.30 billion in 2023, and CNY 2.72 billion in 2024 [4][5]. - The company reported profits of approximately CNY 110 million in 2022, CNY 203 million in 2023, and CNY 207 million in 2024 [4][5]. Customer Concentration - In 2022, 2023, and 2024, the revenue contribution from the top five customers was 38.4%, 44.1%, and 42.8%, respectively, indicating a high customer concentration [7]. - The retention rates for major local brand clients and telecom operators were 92.9% and 100%, respectively, in 2024 [7]. Revenue Breakdown by Region - As of December 31, 2024, 35% of Coosea Intelligent's revenue came from the Greater China region, while 28.2% was from the Americas [9].
新股消息 | 酷赛智能递表港交所 为全球第一大面向本土智能手机品牌的端到端解决方案提供商
智通财经网· 2025-06-25 03:48
Core Viewpoint - KUSAI Intelligent Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities as its sole sponsor [1] Company Overview - KUSAI Intelligent is a leading global smart technology company that provides comprehensive one-stop solutions encompassing product definition, R&D, supply chain management, manufacturing, and after-sales services [4] - The company has generated revenue from over 70 countries and regions, including Asia, America, Europe, Oceania, and Africa [4] - KUSAI is recognized as a driving force behind local brands and a symbol of China's manufacturing strength, being the second-largest end-to-end solution provider for local smartphone brands by shipment volume in 2024, and expected to rise to the top in Q1 2025 [4] Product and Service Offerings - The company primarily offers smart devices, including consumer smartphones, rugged phones designed for industrial users, and other IoT products [5] - KUSAI has developed over 526 models of smartphones and PCB components, along with more than 46 other smart devices as of December 31, 2024 [5] - The company continuously optimizes its proprietary didoOS to meet the specific customization needs of global local brands and telecom operators [5] Financial Performance - KUSAI's revenue for the years 2022, 2023, and 2024 was approximately RMB 1.713 billion, RMB 2.302 billion, and RMB 2.717 billion, respectively [7] - The company's profits for the same years were approximately RMB 110 million, RMB 203 million, and RMB 207 million [7] - The gross profit for the years 2022, 2023, and 2024 was RMB 328 million, RMB 504 million, and RMB 606 million, respectively [8]