According to the disclosure of the Hong Kong Stock Exchange on May 28th, Yushi Technology (Beijing) Co., Ltd. (referred to as "Yushi Technology") has submitted a listing application to the main board of the Hong Kong Stock Exchange, with CITIC Securities as its exclusive sponsor.
According to the prospectus, Yushi Technology is an innovation driven leading enterprise in Greater China, focusing on L4 level autonomous driving technology that is truly unmanned and full scenario. The company's core products include providing autonomous driving solutions to enterprise customers such as airports and factories, as well as commercial and passenger vehicle manufacturers. These solutions include commercial vehicles equipped with L4 level autonomous driving capabilities, autonomous driving kits, software solutions, and rental services.
In terms of finance, Yushi Technology achieved revenue of approximately RMB 65.483 million, RMB 161 million, and RMB 265 million in 2022, 2023, and 2024, respectively; At present, the company has not yet achieved profitability, with losses of approximately RMB 250 million, RMB 213 million, and RMB 212 million respectively during the same period of the year.
