WOLONG ELECTRIC(SH:600580) Chang Jiang Shang Bao·2025-07-23 23:23Core Viewpoint - Wolong Electric Drive is accelerating its listing in Hong Kong as part of its overseas expansion strategy, aiming to enhance its international presence and competitiveness [1][3]. Group 1: Company Strategy - The company has announced plans to issue H-shares and list on the Hong Kong Stock Exchange, with the aim of deepening its global strategy and improving its international image [3]. - The focus for 2025 includes strengthening three major overseas regional headquarters and enhancing the synergy of production, supply, and research to accelerate its overseas operations [4]. - Since initiating its international strategy in 1998, the company has built a global industrial layout through strategic acquisitions and regional development [3][4]. Group 2: Financial Performance - In 2023 and 2024, the company's revenue from overseas markets accounted for nearly 40% of its total revenue, with domestic revenue being 96.26 billion and 101.38 billion respectively [2][4]. - The company achieved a net profit attributable to shareholders of approximately 8 billion in 2024, with a first-quarter profit of 2.68 billion in 2025, both showing year-on-year growth [2][7]. Group 3: Research and Development - Wolong Electric Drive has established five major R&D centers globally, with R&D investment exceeding 800 million in 2024 [2][6]. - The company has a strong focus on innovation in motor and control technologies, holding numerous intellectual property rights and leading positions in various new motor product fields [6][7]. Group 4: Market Position - The company has achieved global leadership in several fields, including high-pressure drive solutions and electric motors for new energy vehicles, through strategic mergers and acquisitions [5][6]. - Wolong Electric Drive has integrated international brand advantages with domestic manufacturing cost benefits, significantly enhancing its market competitiveness [5].