On June 11th, Shenzhen Huada Beidou Technology Co., Ltd. (hereinafter referred to as "Huada Beidou") submitted a listing application to the Hong Kong Stock Exchange, with joint sponsors being CMB International and Ping An Securities (Hong Kong).
According to the prospectus, Huada Beidou is a leading provider of space positioning services in China, empowered by the Beidou satellite navigation system. The company is headquartered in Shenzhen and is at the forefront of navigation and positioning chip design in China. It provides navigation and positioning chips and modules that support Beidou and major global GNSS systems, as well as GNSS related solutions.
The core products include standard precision and high-precision chips applied in the field of mass consumption, high-precision chips applied in professional and special application fields such as automobiles and transportation, and Beidou short message satellite communication chips applied in the fields of mass consumer electronics and industry applications. Huada Beidou GNSS chips, modules, and related solutions are aimed at fields such as shared bicycles, intelligent driving, smartphones, smart wearable devices, the Internet of Things, meteorological detection, and deformation monitoring. They can achieve accurate and efficient navigation positioning, position tracking, displacement monitoring, and satellite communication functions.
After multiple rounds of financing, investors include CMB International Capital, Zhongdian Zhongjin, Yunfeng Fund, TCL Capital, Dinghui, Guokai Science and Technology Innovation, Greater Bay Area Fund, Research and Investment Fund, etc. In terms of finance, Huada Beidou achieved revenues of approximately RMB 698 million, RMB 645 million, and RMB 840 million in 2022, 2023, and 2024, respectively; During the same period, the losses were approximately RMB 92.612 million, RMB 289 million, and RMB 141 million, respectively.
