Core Viewpoint - The company, Suzhou Huichuan United Power System Co., Ltd. (referred to as United Power), has successfully broken through foreign brand technology barriers and achieved full-chain autonomy in the power system for electric vehicles, positioning itself as a leading independent third-party automotive powertrain supplier in China [1]. Group 1: Company Overview - United Power was established in September 2016 and has focused on the research, production, sales, and service of power systems for electric vehicles, aiming to become a global leader in intelligent electric vehicle components and solutions [2]. - The company emphasizes a customer-first approach and has participated deeply in the rapid development of China's electric vehicle industry since 2014, showcasing the transformation of the automotive supply chain from an "assembly factory" model to a "core technology output" model [2]. Group 2: Research and Development - United Power has invested heavily in R&D, with over 1,800 R&D personnel, more than 50% of whom hold master's or doctoral degrees, and has established multiple R&D centers in cities like Shenzhen and Suzhou [2]. - The company has developed a multi-product, multi-level, and multi-disciplinary core technology matrix, leading trends in high efficiency, high power density, and low noise in electric vehicle power systems, aligning its performance metrics with international standards [3]. Group 3: Market Position and Performance - In the first half of 2025, United Power is projected to hold approximately 10.1% market share in electric control products, 11.3% in motors, 7.1% in drive assemblies, and 5.1% in onboard chargers, ranking first among third-party suppliers in several categories [4]. - The company has established a diverse customer base, including domestic brands like Li Auto and Xiaomi, as well as international brands like Volvo and Audi, reflecting its strong product capabilities [4]. Group 4: Financial Performance - From 2021 to 2024, United Power's revenue has shown significant growth, increasing from 2.903 billion to 16.178 billion yuan, with a year-on-year revenue growth of 35.52% and a net profit growth of 38.38% in the first three quarters of this year [6]. - The company plans to use the funds raised from its IPO for projects related to core component production, R&D center construction, and digital system development, which will enhance its competitive edge and sustainable growth [6]. Group 5: Strategic Vision - The listing of United Power marks the beginning of a new development phase, providing a model for other industry players to follow by leveraging independent innovation and capital market support to gain a competitive edge in the global market [7]. - The company aims to accelerate its growth and become a leading provider of intelligent electric vehicle components and solutions, contributing significantly to the development of China's electric vehicle industry [7].
联合动力登陆创业板：以自主创新铸动力核心 借资本东风拓全球赛道