Core Viewpoint - The news discusses the IPOs of two companies, Daming Electronics and Chaoying Electronics, highlighting their business models, financial metrics, and market positions in the automotive and electronics sectors. Group 1: Daming Electronics - Daming Electronics specializes in automotive body electronic control systems, having evolved from a radio factory established in 1989 [2] - The company is set to issue shares at a price of 12.55 yuan per share, with a market capitalization of 4.518 billion yuan and a P/E ratio of 17.97, compared to the industry average of 30.42 [3] - Daming Electronics has established long-term partnerships with major automotive groups such as Changan Automobile, SAIC Group, and BYD, and is expanding its presence in the new energy vehicle sector [4] - The company forecasts a market share of over 10% for key products in the domestic market by mid-2025 [4] - The gross profit margin is projected to fluctuate between 20.91% and 18.13% from 2022 to mid-2025 due to various cost pressures and pricing strategies in the automotive parts industry [5] Group 2: Chaoying Electronics - Chaoying Electronics focuses on the research, production, and sales of printed circuit boards (PCBs), holding core proprietary intellectual property and recognized as a national high-tech enterprise [6] - The company plans to issue shares at a price of 17.08 yuan per share, with a market capitalization of 7.464 billion yuan and a P/E ratio of 28.64, significantly lower than the industry average of 60.52 [7] - Chaoying Electronics ranks 41st globally in PCB production with a market share of 0.75%, and is among the top five automotive PCB suppliers in China [8] - The company has established stable partnerships with major automotive suppliers and manufacturers, including Tesla and Bosch [8]