“富三代”曹马涛自立门户创富162亿 涛涛车业净利增88%赴港IPO布局海外

Core Viewpoint - TaoTao Automotive, founded by Cao Matao, is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international presence and capital strength [1][7]. Group 1: Company Background - Cao Matao, born into a wealthy family, established TaoTao Automotive in 2015, focusing on the smart electric vehicle sector after recognizing the need for transformation in the automotive industry due to environmental regulations [2][3]. - The company has a registered capital of 30 million yuan and has received significant financial support from family members, allowing it to adopt a heavy asset model from the start [3]. Group 2: Financial Performance - In the first half of 2025, TaoTao Automotive reported revenues of 1.713 billion yuan, a year-on-year increase of 23.19%, and a net profit of 342 million yuan, up 88.04% [6]. - The company achieved a remarkable revenue of 1.386 billion yuan in 2020, reflecting an 84.33% increase compared to the previous year, and a net profit growth of 203.62% [4]. Group 3: Market Strategy and Expansion - The company has strategically reduced its reliance on the U.S. market, which previously accounted for over 60% of its revenue, by expanding into Southeast Asia and Europe [3]. - TaoTao Automotive is also investing in new product lines, including electric golf carts, and has established a factory in the U.S. for local assembly and future localization of core components [6]. Group 4: Stock Market Performance - Since its listing on the Shenzhen Stock Exchange in 2023, the company's stock price has surged from 64.11 yuan per share at the beginning of the year to 218.94 yuan by September 19, 2025, marking a 241.51% increase [6][7]. - The current market capitalization of TaoTao Automotive stands at 23.88 billion yuan, with Cao Matao's shareholding value estimated at 16.2 billion yuan [7].