WOLONG ELECTRIC(SH:600580) 智通财经网·2025-08-13 22:49Core Viewpoint - Wolong Electric Drive Group Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CICC, Huatai International, and GF Securities (Hong Kong) as joint sponsors [1]. Company Overview - Wolong Electric Drive is a global leader in electric drive system solutions, focusing on the R&D, production, sales, and service of electric drive system products and solutions across five core segments: explosion-proof electric drive systems, industrial electric drive systems, HVAC electric drive systems, new energy transportation electric drive systems, and robotic components and systems [3]. - The company has over 40 years of experience in the electric drive system field, leveraging technological innovation and digital empowerment to establish core capabilities in motors and drives, providing industry-leading solutions [3]. - Wolong Electric Drive is actively investing in future industries, accelerating its layout in electric aviation and embodied intelligence to lead technological breakthroughs in the next trillion-dollar market [3]. - The company operates globally, with R&D, production, and brand reach in over 100 countries and regions, aiming to provide optimal products and solutions to global users [3]. Market Position - According to Frost & Sullivan, by 2024, Wolong Electric Drive ranks first in the global explosion-proof electric drive system solutions market with a market share of approximately 4.5%, fourth in the global industrial electric drive system solutions market with a market share of about 2.8%, and fifth in the global HVAC electric drive system solutions market with a market share of around 2.0% [3]. Financial Performance - The revenue breakdown by segment for the years ending December 31 and the six months ending June 30 is as follows: - Explosion-proof electric drive systems: Revenue of approximately RMB 4.14 billion in 2022, increasing to RMB 4.69 billion in 2023, and projected at RMB 4.70 billion in 2024 [4]. - Industrial electric drive systems: Revenue of approximately RMB 3.63 billion in 2022, increasing to RMB 4.06 billion in 2023, and projected at RMB 4.06 billion in 2024 [4]. - HVAC electric drive systems: Revenue of approximately RMB 4.65 billion in 2022, decreasing to RMB 4.36 billion in 2023, and projected at RMB 4.59 billion in 2024 [4]. - New energy transportation electric drive systems: Revenue of approximately RMB 647 million in 2022, decreasing to RMB 609 million in 2023, and projected at RMB 390 million in 2024 [4]. - Robotic components and systems: Revenue of approximately RMB 356 million in 2022, increasing to RMB 406 million in 2023, and projected at RMB 452 million in 2024 [4]. - Financial results show that for the fiscal years 2022, 2023, and 2024, the company achieved revenues of approximately RMB 14.27 billion, RMB 15.57 billion, and RMB 16.25 billion, respectively, with net profits of RMB 839 million, RMB 553 million, and RMB 832 million [5].