According to the disclosure of the Hong Kong Stock Exchange on September 26th, Magic Vision Intelligent Technology (Shanghai) Co., Ltd. (referred to as "Magic Vision"); Magic Vision Intelligence; ）Submit a listing application to the Hong Kong Stock Exchange, with Guotai Junan International and Guoxin Securities (Hong Kong) as joint sponsors.
According to the prospectus, Magic Vision Intelligence is a provider of intelligent driving solutions driven by artificial intelligence innovation, committed to empowering future travel. Relying on a fully self-developed technology system from the underlying algorithms to the application layer, the company has built a high-performance safety benchmark, a user experience that is reassuring to use, and a transition from functional collaboration to advanced intelligent driving modes.
The company's product portfolio includes driving solutions such as Magic Drive, automatic parking solutions such as Magic Parking, and proactive safety solutions such as Magic Safety. At present, Magic Vision Intelligence has reached cooperation agreements with many mainstream car companies at home and abroad, and has delivered millions of sets of intelligent assisted driving products.
In terms of finance, the company's revenue for 2022, 2023, 2024, and the first half of 2025 will be 118 million yuan, 147 million yuan, 357 million yuan, and 189 million yuan, respectively; During the same period, the losses for the year/period were 200 million yuan, 228 million yuan, 233 million yuan, and 112 million yuan, respectively.
The proceeds from this financing are expected to be used as follows: to strengthen the company's research and development capabilities, focusing on the continuous iteration and upgrading of the company's intelligent driving solutions; Used to expand production capacity, upgrade technology, and enhance delivery capabilities; Used to deepen the company's sales and marketing network and support business expansion; Used for working capital and general corporate purposes.
