Core Viewpoint - Ningbo Feishi Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with China International Capital Corporation as the sole sponsor [1]. Company Overview - Ningbo Feishi is a leading supplier of electric drive solutions in China, providing integrated and customized electric drive systems and solutions for diverse global applications. The company's products are characterized by high precision, high efficiency, and high torque, and are widely used in various basic industrial fields [3]. Market Position - According to data from Zhaoshang Consulting, Ningbo Feishi is the second-largest supplier of specialized electric drive solutions in China's industrial control sector based on sales revenue for 2024. It is also the third-largest third-party supplier of electric drive systems for passenger vehicles in China based on sales volume for the same year [3]. Financial Performance - The company's revenue for the years 2022, 2023, and 2024, as well as for the six months ending June 30, 2024, and 2025, is as follows: - 2022: RMB 1,376.2 million - 2023: RMB 1,242.8 million - 2024: RMB 1,500.4 million - 6 months ending June 30, 2024: RMB 575.5 million - 6 months ending June 30, 2025: RMB 909.2 million [6][7]. - The gross profit increased from RMB 114.0 million in 2022 to RMB 242.0 million in 2024, with a compound annual growth rate of 45.7%. For the six months ending June 30, 2024, the gross profit was RMB 98.1 million, growing to RMB 133.1 million by the same period in 2025 [6]. Future Plans - The company plans to continue increasing investment in research and development to maintain technological leadership, deepen its globalization strategy, leverage existing technology for new applications, build a top talent team through industry-academia collaboration, and achieve both horizontal capacity expansion and vertical industry chain layout [5]. Industry Outlook - The market size for electric drive solutions in China is expected to grow from RMB 38.4 billion in 2024 to RMB 85.6 billion by 2029, with a compound annual growth rate of 13.2% [5].
菲仕技术递表港交所 公司产品已广泛应用于多个基础工业领域
Zhi Tong Cai Jing·2025-11-02 03:09