Workflow
通宝光电83%收入依赖上汽通用五菱
Chang Jiang Shang Bao·2025-05-12 02:39

Group 1 - The core point of the article is that Changzhou Tongbao Optoelectronics Co., Ltd. is making another attempt to go public on the Beijing Stock Exchange, with a fundraising target of 330 million yuan [1][3] - The company has a concentrated ownership structure, with three family members controlling 78.7487% of the shares, giving them significant decision-making power [1][3] - In June 2024, the company received a warning letter from the Jiangsu Securities Regulatory Bureau due to accounting errors that led to inaccurate financial disclosures for three reporting periods [1][4] Group 2 - Tongbao Optoelectronics has a high dependency on its major client, SAIC-GM-Wuling, which accounted for 83.35% of its total revenue in 2024 [1][5] - The company has faced challenges with its core product, the automotive lighting system, which saw a decrease in average selling price by 9.12% in 2024, despite a production and sales rate of 105.81% [1][6] - The company has experienced growth in revenue and net profit from 2022 to 2024, with revenues of 390 million yuan, 529 million yuan, and 588 million yuan, and net profits of 36.69 million yuan, 62.25 million yuan, and 83.09 million yuan respectively [5]