WOLONG ELECTRIC(SH:600580) Jin Rong Jie·2025-08-13 23:29Group 1 - The core viewpoint of the news is that 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] - 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 [1] - The company has over 40 years of experience in the electric drive system field, emphasizing technological innovation and digital empowerment to provide industry-leading solutions [1] Group 2 - According to Frost & Sullivan, Wolong Electric Drive ranks first in the global explosion-proof electric drive system solutions market with a market share of approximately 4.5% [2] - The company ranks 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% [2] Group 3 - The revenue details by fiscal year are as follows: for the years 2022, 2023, and 2024, the revenues were approximately 14.266 billion, 15.567 billion, and 16.247 billion RMB respectively, with profits of 839 million, 553 million, and 832 million RMB respectively [3] - For the six months ending June 30 in 2024 and 2025, the revenues were approximately 7.978 billion and 8.031 billion RMB, with profits of 409 million and 548 million RMB respectively [3]