比亚迪、赛力斯“小伙伴”，来了！

Core Viewpoint - Daming Electronics is set to launch an IPO on October 24, with a focus on automotive electronic components, targeting both domestic and international markets [2][3]. Company Overview - Daming Electronics specializes in the research, production, and sales of automotive body electronic control systems, aiming to become a leading supplier in the industry [3]. - The company offers a variety of products, including driver assistance systems, cockpit control systems, intelligent optical systems, window control systems, and seat adjustment systems, characterized by high customization and complexity [3]. Clientele - Daming Electronics serves major domestic automotive manufacturers such as Changan Automobile, SAIC Group, FAW Group, BYD, and Geely, as well as joint ventures like GAC Toyota and SAIC Volkswagen [4]. - The company is also expanding into the new energy vehicle sector, with products already utilized in various models from brands like BYD, NIO, and Xpeng [4]. Financial Performance - Projected revenues for Daming Electronics are as follows: CNY 1.713 billion in 2022, CNY 2.147 billion in 2023, CNY 2.727 billion in 2024, and CNY 1.297 billion for the first half of 2025, with corresponding net profits of CNY 151 million, CNY 205 million, CNY 282 million, and CNY 114 million [4]. - The company anticipates a revenue increase of 19.73% for the first three quarters of 2025, reaching CNY 2.147 billion, with a net profit growth of 5.68% to CNY 203 million [5][6]. Industry Context - The automotive electronic components market is dominated by large manufacturers from traditional automotive powerhouses like Japan, the US, and Europe, while Chinese suppliers are gradually improving their market share despite overall weaker competitive capabilities [3].