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Pateo Connect Revs Up For IPO, Belching Widening Losses And Slumping margins

Benzinga LogoBenzinga23h ago

Pateo Connect Revs Up For IPO, Belching Widening Losses And Slumping margins - Benzinga

Quick Summary:

A mounting flow of red ink and external risks could turn off investors to one of China's leading smart cockpit makers as it drives towards a Hong Kong listing

Key Takeaways: Pateo Connect has filed for a Hong Kong IPO, reporting its revenue jumped by 70.9% last year as its net loss widened

The smart cockpit maker's gross margin is slipping amid intense competition and its heavy reliance on low-margin domain controllers China's smart cockpit market is roaring, fueled by a new generation of intelligent cars that are expected to account for 80% of sales this year.


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Article Details

Author / Journalist: The Bamboo Works

Category: InvestingBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-07 @ 13:17:56 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 911 words

Reading Time: 6 minutes read

Sentences: 34 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 27677022

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About Benzinga

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Main Topics: InvestingBusiness

Official Website: benzinga.com

Update Frequency: 3 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 3 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #54

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  • URL: https://beamstart.com/news/pateo-connect-revs-up-for-17440559586049

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