Venture(US:VEMLY) 智通财经网·2025-07-04 11:25Core Viewpoint - Shenzhen Aiwei Electric Technology Co., Ltd. has applied for listing on the Shenzhen Stock Exchange's ChiNext board, with a fundraising target of 930.07 million yuan, focusing on digital control and power electronics products for the new energy vehicle sector [1] Group 1: Company Overview - Aiwei Electric is a leading third-party supplier of thermal management high-voltage controllers for new energy vehicles, leveraging self-developed intelligent control algorithms and power electronics hardware platforms [1][2] - The company has achieved the largest market share among third-party suppliers in China for thermal management high-voltage controllers, with specific products like electric compressor controllers and PTC controllers holding market shares of approximately 13.35% and 5.23%, respectively [1][2] Group 2: Sales and Clientele - The company's sales model is primarily direct sales, with a small portion through consignment sales, targeting Tier 1 clients such as Suzhou Zhongcheng and Huagong Gaoli, which supply major new energy vehicle manufacturers like Geely and BYD [2] Group 3: Financial Performance - Aiwei Electric's projected revenues for 2022, 2023, and 2024 are approximately 215 million yuan, 341 million yuan, and 442 million yuan, respectively, with net profits of around 57.37 million yuan, 86.42 million yuan, and 106 million yuan [3] - Key financial metrics for the end of 2024 include total assets of approximately 816.61 million yuan, equity attributable to shareholders of approximately 573.89 million yuan, and a debt-to-asset ratio of 29.65% [4]