公司主要基于自主研发的专有核心技术工具Sim Pro及Safety Pro，为客户提供ICV测试、验证和评价产品以及服务。公司主要为公营界别中的国有企业及政府部门及私营界别中的汽车制造商及技术公司提供全面的ICV测试、验证和评价解决方案，从而产生收益。公司的产品组合主要包括(i)ICV仿真测试工具及平台;及(ii)ICV数据平台;及公司的服务组合主要包括提供(i)ICV测试及相关服务;及(ii)顾问及其他服务。于往绩记录期间及直至最后可行日期，公司在中国开展运营和业务，所有收益也来自中国。Zhitong Financial APP learned that Beijing Semu Technology Co., Ltd. submitted an application for listing to the Hong Kong Stock Exchange, with Guangyin International as its exclusive sponsor, according to the disclosure by the Hong Kong Stock Exchange on December 30, 2022.
Beijing Saimu Technology is a technology-driven company specializing in independent innovation of simulation technology in China, 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 fourth largest market participant in China's ICV simulation testing tools and platforms by revenue in 2021 and the largest Chinese market participant in the market, with a market share of about 5.9 per cent. The company is also one of several leading market participants in China that can provide one-stop ICV testing, verification and evaluation solutions.
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 testing, verification and evaluation solutions industry (by income) has also increased steadily, from about 1.2 billion yuan in 2019 to about 2 billion yuan in 2021, with a compound annual growth rate of about 28.6 percent. It is expected to further increase to about 28.6 billion yuan by 2030, with a compound annual growth rate of about 33.3% from 2022. In addition, in terms of revenue, it is expected that the market share of ICV simulation test tools and platforms in China's ICV testing, verification and evaluation solutions market will continue to exceed 50% in 2022 and beyond, and will further increase to more than 75% in 2030.
The company is mainly based on proprietary core technology tools Sim Pro and Safety Pro developed independently to provide customers with ICV testing, verification and evaluation products and services. The company generates revenue by providing comprehensive ICV testing, verification and evaluation solutions for state-owned enterprises in the public sector and automakers and technology companies in the private sector. The company's product portfolio mainly includes (I) ICV simulation test tools and platforms; and (ii) ICV data platform; and the company's service portfolio mainly includes the provision of (I) ICV testing and related services; and (ii) consultants and other services. During the track record period and up to the latest practicable date, the company carried out operations and operations in China, and all revenue also came from China.
The company also generates government revenue by working with Chinese government departments or other market participants to carry out specific R & D and consulting tasks to promote the safe and timely deployment of smart driving technology in China. During the track record period, the company entered into, among other things, a number of government contracts with Chinese government departments and other contractors, and the revenue generated was recorded as other income from government subsidies.
Financially, in 2019, 2020 and 2021, the company's revenue was about 8.066 million yuan, 71.203 million yuan and 106.9 million yuan respectively, while the gross profit was about 7.815 million yuan, 51.397 million yuan and 64.044 million yuan respectively in the same period.
