Kehua Holdings(SH:603161) Zheng Quan Zhi Xing·2025-08-22 15:15Group 1 - Kehua Holdings Co., Ltd plans to issue 30,000,000 shares to raise no more than 326,100,000 yuan for working capital [1][6] - The issuance aims to enhance the company's capital strength and support its long-term development strategy [7][27] - The company operates in the automotive parts industry, specifically in the turbocharger components segment, which is influenced by the automotive industry's performance [2][6] Group 2 - The global turbocharger production is expected to decrease from approximately 50 million units in 2023 to 49 million units in 2024, indicating a stable demand in the short term [3] - In 2024, China's automobile production and sales are projected to reach 31.28 million and 31.44 million units, respectively, with significant growth in new energy vehicles [3][4] - The penetration rate of turbochargers in the Chinese automotive market is increasing, driven by stringent emission standards and the push for energy efficiency [5][6] Group 3 - The company has established itself as a key player in the turbocharger components market, with partnerships with global manufacturers like Garrett and BorgWarner [6][7] - The issuance of shares will help optimize the company's capital structure and reduce financial costs, enhancing its market position [7][27] - The company is also expanding its product offerings to include other critical automotive components, such as differential housings and hydraulic products [7][24]