天海电子深主板IPO获受理 拟募资24.6亿元

Group 1 - Tianhai Automotive Electronics Group Co., Ltd. has been accepted for IPO on June 26, 2025, with a fundraising target of 2.46 billion yuan [1][2] - The company specializes in providing automotive transmission systems, connection systems, and intelligent control solutions, focusing on the R&D, production, and sales of automotive wiring harnesses, connectors, and electronic components [2] - Tianhai has established long-term stable partnerships with major automotive manufacturers such as Chery, SAIC, Geely, and General Motors, and has also collaborated with leading new energy vehicle companies like Li Auto and NIO [2] Group 2 - Tianhai's revenue significantly exceeds the average and median revenue of listed automotive parts manufacturers, ranking first in the automotive wiring harness business and among the top three in the automotive connector business in A-share listed companies [3] - The estimated market size for China's automotive wiring harness industry in 2024 is 119.6 billion yuan, with Tianhai holding an 8.45% market share [3] - The projected market size for China's automotive connector market in 2024 is approximately 47.8 billion yuan, with Tianhai holding a 3.52% market share [3] Group 3 - Tianhai's revenue is projected to reach 8.215 billion yuan in 2022, 11.549 billion yuan in 2023, and 12.523 billion yuan in 2024, with net profits of 402 million yuan, 652 million yuan, and 614 million yuan respectively [4] - The funds raised from the IPO will be allocated to projects including connector technology upgrades, wiring harness production bases, automotive electronics production bases, and the establishment of an intelligent connected vehicle research institute [4] - The investment projects aim to enhance R&D capabilities, improve production intelligence and information levels, and expand existing production capacity, thereby increasing the company's core competitiveness and market share [4]