The company's main financial data, source: prospectus

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Specifically, the company's business can be divided into two major areas: products and services.

The products include ICV simulation test software and platform, ICV data platform and other products; from January to June 2024, the revenue generated from self-sales products accounted for 76%.

The services mainly include ICV testing and related services, consulting and other services. The revenue generated by the service business accounted for 24% in January-June 2024.

From January to June 2024, Saimu Technology's revenue increased by 156.9% year-on-year, but its net profit recorded a loss for several reasons.

On the one hand, in each reporting period, the company delivered more projects and recorded more revenue in the second half of the year than in the first half of the year, and the revenue in the first half of amazon data the year failed to make up for the costs and expenses incurred during the period; similarly, the profit in the first half of 2023 also suffered a loss of 11.07 million yuan.

On the other hand, continuous investment is required in R&D. The company's ICV simulation test software and platform development and establishment require a large amount of capital investment in the R&D process. R&D expenditure from January to June 2024 was RMB 41.11 million, accounting for 74.0% of the company's total revenue.

As a participant in the intelligent driving industry, Saimu Technology is located in the middle of the industry chain. Its upstream is mainly suppliers of operating systems, communication services, and software and hardware that provide basic support, while its downstream is automobile manufacturers and technology companies that focus on developing high-generation vehicles and technologies.

China has been actively promoting the development of the ICV (intelligent connected vehicle) industry. Relevant documents point out that by 2025, the penetration rate of new cars in the ICV industry.