Core Viewpoint - Suzhou United Power System Co., Ltd. (referred to as "United Power") has met the conditions for listing and is positioned as a leading enterprise in the new energy vehicle power system sector, having been spun off from Huichuan Technology [2][3] Group 1: Company Overview - United Power is the only entity within the Huichuan Technology system that operates the electric drive and power systems for new energy vehicles, showcasing a complete and independent R&D, production, and sales system [2][3] - Huichuan Technology, the parent company, has a market capitalization of 170 billion yuan and reported a revenue of 37.04 billion yuan in 2024, with a year-on-year growth of 21.77% [3] Group 2: Business Performance - United Power's revenue has shown significant growth from 2.90 billion yuan in 2021 to 16.18 billion yuan in 2024, with a compound annual growth rate of approximately 79.39% over the past three years [4] - In 2024, United Power held a market share of approximately 10.7% in the electric control products segment, ranking first among third-party suppliers [4] Group 3: Industry Position and Innovation - United Power is positioned at the core of the new energy vehicle industry chain, focusing on technological innovation in core components, and has developed 26 core product technologies and 98 invention patents [6] - The company has actively participated in national key research projects, enhancing its technological barriers and industry recognition [6] Group 4: Spin-off Benefits - The spin-off of United Power aims to enhance its transparency and showcase its value, which is expected to positively impact its valuation and stock price [7] - This separation allows Huichuan Technology to focus on its core business, improving operational efficiency and reducing risks associated with diversification [7][8]
1700亿工控巨头“A拆A”锚定高质量发展 动力系统龙头联合动力IPO过会
Zheng Quan Shi Bao Wang·2025-06-13 11:00