On December 16, Suzhou Huichuan United Power Systems Co., Ltd. (hereinafter referred to as Huichuan United Power) completed the IPO coaching acceptance and disclosed the coaching completion report on Huichuan United Power. The coaching institution was Guotai Junan Securities Co., Ltd.
Huichuan United Power was established in September 2016 and entered the field of new energy vehicle parts in 2009. It is mainly engaged in the development, production and sales of new energy vehicle motors, electronic controls, power supplies and powertrains. Huichuan United Power is a wholly-owned subsidiary of Huichuan Technology (stock code: 300124), which holds 96.09% of its shares; in addition, Suzhou Lianyi Chuang Investment Management Partnership (Limited Partnership) holds 3.91% of the shares. In terms of performance, from 2021 to 2023, Huichuan United Power will achieve operating income of 2.923 billion yuan, 5.005 billion yuan, and 9.387 billion yuan, respectively, with a compound growth rate of 79.21%; the net profit attributable to the parent company will be -119 million yuan, -203 million yuan, and 261 million yuan, respectively, and will turn losses into profits in 2023.
According to NE Times statistics, in 2023, among the independent third-party suppliers in the domestic new energy passenger vehicle market, the market share of electronic control, motor, drive assembly and power supply of Inovance United Power ranked 1st, 3rd, 2nd and 7th respectively. At present, the company has established long-term cooperative relations with well-known OEMs in the industry. Its main customers include luxury car brands such as Volvo, Jaguar Land Rover, Audi and Porsche, traditional independent brands such as Great Wall, GAC, Chery, Geely, Yutong and Dongfeng, and well-known new car brands such as Ideal and Xiaopeng.
Post time: Dec-20-2024