New stock news | Mosh Vision Intelligence Submitted to the Hong Kong Stock Exchange, ranked third among domestic third-party solution providers driven by AI models

According to a disclosure by the Hong Kong Stock Exchange on October 5th, MoVision Intelligent Technology (Shanghai) Co., Ltd. (referred to as "MoVision Intelligent") has updated its listing application to the Hong Kong Stock Exchange main board, with GUOTAI JUNAN I and Guosen (Hong Kong) as its joint sponsors. According to data from a consulting firm, MoVision Intelligent is one of the few third-party providers in China's intelligent driving solution industry with self-developed AI algorithm design. Based on revenue from solutions ranging from L0 to L2+ (including L2+) by 2024, the company ranks third among such providers. The prospectus shows that MoVision Intelligent is an intelligent driving solution provider driven by artificial intelligence innovation, and is one of the few suppliers in the industry with native AI genes and technology accumulation, possessing full-stack self-development capabilities in algorithm, model, data governance, and core technology for intelligent driving software and hardware. MoVision Intelligent offers integrated software and hardware solutions with intelligent driving features from L0 to L4 levels to OEMs and tier-1 suppliers, helping in their intelligent transformation and promoting the proliferation of intelligent driving to provide users with a safe, convenient, and efficient travel experience. The company's solutions have been adopted by OEM customers in 92 models, with deliveries exceeding 3.3 million sets. According to the consulting firm, MoVision Intelligent is one of the first third-party intelligent driving solution providers in China to achieve mass production for global vehicle models from Chinese OEMs, covering markets in the Americas, Europe, Southeast Asia, the Middle East, and Oceania. MoVision Intelligent's technology is based on a self-developed full-stack AI algorithm engine, giving it strong deep learning capabilities from basic training frameworks to application layer models. By integrating sensors and continuously evolving from CNN convolutional neural networks to end-to-end AI models, the company's solutions can achieve accurate environmental perception, vehicle positioning, path planning, and driving decisions for parking, high-speed, and urban driving scenarios. With its self-developed core algorithm technology and platform architecture, MoVision Intelligent provides integrated L0-L4 intelligent driving solutions for OEMs and tier-1 partners, driving the next generation of intelligent travel. The product portfolio includes Magic Drive (driving solution), Magic Parking (automatic parking solution), and Magic Safety (active safety solution). These solutions can be delivered as independent modules to OEMs or as integrated systems, providing flexibility for OEMs to align with their specific product and brand strategies. Financially, for the six months ending June 30 in 2022, 2023, 2024, and 2025, MoVision Intelligent achieved revenues of approximately RMB 118 million, RMB 147 million, RMB 357 million, and RMB 189 million respectively. During the same period, losses were approximately RMB 200 million, RMB 228 million, RMB 233 million, and RMB 112 million respectively. According to the prospectus, MoVision Intelligent believes that the company is well prepared to stand out in industry competition. However, given the intense nature of the industry competition, failure to compete effectively may have adverse effects on the company's market share, growth, and profitability.