The Hong Kong Stock Prospectus submitted by Beijing SiMu Technology Co., Ltd. (hereinafter referred to as Saimu Technology) on May 29, 2024 expired on November 29. Guangyin International was its sole sponsor during the filing period.
The Zhitong Finance App learned that the Hong Kong Stock Prospectus submitted by Beijing SiMu Technology Co., Ltd. (hereinafter referred to as Saimu Technology) on May 29, 2024 expired on November 29, after 6 months. Guangyin International was the sole sponsor during the filing period.
According to the prospectus, Saimu Technology is a Chinese technology company focusing on innovation in simulation technology. It is mainly engaged in the design and development of ICV simulation testing products and provides related testing, verification and evaluation solutions. ICV means equipped with advanced on-board sensors, controllers, brakes and other devices, integrating advanced communication and network technology.
According to Frost & Sullivan, in terms of revenue in 2023, Saimu Technology is the largest market participant in China's ICV testing, verification and evaluation solutions industry, with a market share of about 5.3%. In terms of revenue in 2023, it is the largest market participant in China's ICV simulation testing software and platform market, with a market share of about 5.9%. The company is also one of several market players in China that can provide one-stop ICV testing, verification and evaluation solutions.
On the financial side, from 2021 to 2023, Saimu Technology achieved revenue of approximately RMB 0.107 billion, RMB 0.145 billion, and RMB 0.176 billion respectively; total profit and overall revenue during the same period were approximately RMB 37.571 million, RMB 48.686 million, and RMB 53.431 million respectively.