Core Viewpoint - Tianhai Automotive Electronics Group Co., Ltd. (Tianhai Electronics) has applied for a listing on the Shenzhen Stock Exchange, with a fundraising target of 2.46042 billion yuan, focusing on automotive transmission systems, connection systems, and intelligent control solutions [1] Company Overview - Tianhai Electronics specializes in the research, production, and sales of automotive components, including automotive wiring harnesses, connectors, and electronic products, primarily serving both new energy vehicles and traditional fuel vehicles [1] - The main revenue source is automotive wiring harnesses, contributing over 80% from 2022 to 2024, followed by automotive connectors at approximately 10% [1] Market Position - The global automotive wiring harness and connector market is dominated by Europe, the United States, and Japan, while the domestic market in China has a low concentration of local manufacturers, indicating significant growth potential [2] - In 2024, the market size for automotive wiring harnesses in China is projected to be 119.6 billion yuan, with Tianhai Electronics holding an 8.45% market share [2] - The company is recognized as a leading domestic brand in automotive wiring harnesses and connectors, ranking first in revenue among A-share listed companies in the wiring harness sector and among the top three in the connector sector [2] Fundraising and Investment Plans - The funds raised will be allocated to several projects, including: - Connector technology upgrade and expansion project: 836.16 million yuan (33.98%) - Wiring harness production base project: 525.79 million yuan (21.37%) - Automotive electronics production base: 338.99 million yuan (13.78%) - Smart transformation and information construction: 251.58 million yuan (10.23%) - Tianhai Intelligent Connected Vehicle Industry Research Institute and supporting projects: 507.89 million yuan (20.64%) [3] Financial Performance - The projected operating revenues for Tianhai Electronics are approximately 8.215 billion yuan, 11.549 billion yuan, and 12.523 billion yuan for the years 2022, 2023, and 2024, respectively [3] - The net profits for the same years are estimated to be around 410 million yuan, 684 million yuan, and 616 million yuan [3] - Key financial metrics as of December 31 for 2024, 2023, and 2022 include: - Total assets: 116.47 billion yuan, 115.63 billion yuan, and 79.36 billion yuan - Net profit: 615.58 million yuan, 683.81 million yuan, and 410.28 million yuan - Basic earnings per share: 1.38 yuan, 1.63 yuan, and 1.00 yuan [4]
天海电子深交所主板IPO“已问询” 主营汽车零部件产品的研发、生产
智通财经网·2025-07-10 23:37