据赛目科技在招股书中所述，ICV指配备新一代先进的车载传感器、控制器、制动器及其他装置，整合先进的通信及网络技术，实现车辆与人、车、路、云(V2X)等不同要素资讯交换及共享；感知复杂环境及智能决策、协同控制及其他功能；“安全、高效、舒适、节能”驾驶；及最终无人驾驶操作的新一代车辆。根据弗若斯特沙利文的资料，ICV可为传统的化石燃料汽车及电动汽车，而赛目科技的ICV测试、验证和评价产品和服务针对两种形式的ICV。According to Frost Sullivan, the company is the second largest market participant in China's ICV testing, verification and evaluation solutions industry by revenue in 2022.
Zhitong Financial APP learned that Beijing Semu Technology Co., Ltd. (Semo Technology) submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Guangyin International as the exclusive sponsor, according to the disclosure by the Hong Kong Stock Exchange on October 31. It is reported that the company submitted an application for listing on the main board of the Hong Kong Stock Exchange on December 30, 2022.
According to the prospectus, Saimu Technology is a Chinese technology company specializing in simulation technology innovation, mainly engaged in the design and development of ICV simulation test products and providing related testing, verification and evaluation solutions. According to Frost Sullivan, the company is the second largest market participant in China's ICV testing, verification and evaluation solutions industry by 2022 revenue, with a market share of about 5.5%, while by 2022 revenue, the company is the second largest market participant in China's ICV simulation test tools and platforms market. The market share is about 5.8% and Saimo Technology is the only Chinese market participant among the five largest market participants in the market in 2022.
According to Semet Technology in its prospectus, ICV refers to equipped with a new generation of advanced vehicle sensors, controllers, brakes and other devices, integrating advanced communication and network technology to achieve information exchange and sharing between vehicles and people, vehicles, roads, clouds (V2X) and other elements; perception of complex environment and intelligent decision-making, collaborative control and other functions; "safe, efficient, comfortable, energy-saving" driving And eventually a new generation of self-driving vehicles. According to Frost Sullivan, ICV is available for traditional fossil fuel vehicles and electric vehicles, while Saime Technology's ICV testing, verification and evaluation products and services are targeted at two forms of ICV.
In2018In 2008, Saimu Technology independently developed and commercialized the ICV simulation testing, verification and evaluation tool chain Sim Pro. InJune 2021Sim Pro has passed the ASIL D functional safety certification under the international standard ISO 26262, which makes it the world's first ICV simulation testing, verification and evaluation tool chain with the highest functional safety certification, according to Frost Sullivan. In 2021, the company also independently developed FuSa and SOTIF analysis tools Safety Pro for ICV. According to Frost Sullivan, this makes the company one of the simulation solution providers in China that can combine independently developed safety analysis tools and simulation test tools. Safety Pro received ISO 26262 TCL 2 certification in June 2023.
2021Saimu Technology and related customers successfully launched China's first cloud-based ICV simulation test platform which can achieve cloud deployment with full stack capabilities from security analysis to simulation testing thus significantly improving test efficiency.
According to Frost Sullivan, among a variety of ICV testing, verification and evaluation methods, simulation testing is the most common way to test ICV, because more than 90% of autopilot tests are conducted through simulation tests.
According to Frost Sullivan, driven by the continuous development of smart driving technology and the increasing acceptance of smart cars in China, the market size of China's ICV test, verification and evaluation solutions industry (by income) has also increased steadily, from about 1.2 billion yuan in 2019 to about 2.7 billion yuan in 2022, with a compound annual growth rate of about 29.2 percent. It is expected to further increase to about 32.3 billion yuan by 2030, with a compound annual growth rate of about 36.0% from 2023. In additionIn terms of revenue, the market share of ICV simulation testing tools and platforms in China's ICV testing, verification and evaluation solutions is expected to remain above 50 per cent in 2023 and further to nearly 70 per cent in 2030.
Financial affairsIn terms of the six months ending June 30 in 2020, 2021, 2022 and 2023, the revenue of SMI Technology reached 71.203 million yuan, 107 million yuan, 145 million yuan and 21.627 million yuan respectively, while the net profit in the same period was 51.579 million yuan, 37.571 million yuan, 48.68 million yuan and-11.065 million yuan respectively.
According to Semet Technology in the prospectus, the company's ICV simulation test tools and platform development and the establishment of the research and development process needs to invest a lot of money. Therefore, the company has made a lot of R & D expenditure and applied it to ICV testing, verification and evaluation of related products and services. In addition, a large number of operating costs need to be generated in the business process. Sybil said it expects to continue to generate substantial operating costs in the future to further expand its business, but there is no guarantee that the business strategy will be successfully implemented as planned. It may not be able to collect trade and bill receivables in a particular year for a variety of reasons to generate sufficient operating inflows to cover payments for operating costs. Under such circumstances, the company may record net operating cash flow for that particular year in the future.
