Venture(US:VEMLY) 智通财经网·2025-06-12 23:18Core Viewpoint - Suzhou Huichuan United Power System Co., Ltd. has successfully passed the IPO review on the Shenzhen Stock Exchange's ChiNext board, aiming to raise approximately 4.857 billion yuan to enhance its position as a leading provider of intelligent electric vehicle components and solutions [1] Group 1: Company Overview - The company focuses on electric drive systems and power systems, including core components such as electric control, motors, and onboard chargers [1] - United Power is a leader in the new energy vehicle power system industry, providing solutions to over 40 vehicle manufacturers and more than 170 vehicle models [1] - The company plans to deliver over 4.5 million power system products in 2024, participating in the entire lifecycle of new energy vehicles [1] Group 2: Market Position - In the passenger vehicle sector, the company holds approximately 10.7% market share in electric control products, ranking first among third-party suppliers [2] - The company also has a 10.5% market share in motors, ranking first among third-party suppliers, and a 6.3% share in drive assemblies, ranking fourth [2] Group 3: Financial Information - The company reported revenues of approximately 5.027 billion yuan, 9.365 billion yuan, and 16.178 billion yuan for the years 2022, 2023, and 2024, respectively [3] - Net profits for the same years were -180 million yuan, 186 million yuan, and 936 million yuan, indicating a significant turnaround in profitability [3] - As of the end of 2024, total assets are projected to be approximately 18.072 billion yuan, with equity attributable to shareholders at around 4.836 billion yuan [4]