绿控传动创业板IPO已受理 专注于新能源商用车电驱动系统

Core Viewpoint - Suzhou Green Control Transmission Technology Co., Ltd. (Green Control Transmission) has received acceptance for its IPO on the Shenzhen Stock Exchange's ChiNext board, aiming to raise 1.58 billion yuan [1] Company Overview - Green Control Transmission is a leading player in the domestic electric drive systems for new energy commercial vehicles, providing electric drive systems, components, and related technical development and services [1] - The company's main products are electric drive systems for pure electric, hybrid, and fuel cell commercial vehicles, as well as non-road mobile machinery [1] Market Position - The company has established itself as a mainstream powertrain system supplier for leading manufacturers in the new energy commercial vehicle sector, with major clients including XCMG Group, SANY Group, Dongfeng Motor, and others [1] - In the new energy heavy truck sector, the company holds a significant market position, with a leading market share in electric motor matching for new energy heavy trucks from 2022 to 2024 [1] Financial Performance - Revenue from electric drive systems accounted for over 90% of the company's total income, indicating its primary revenue source [2] - The company reported revenues of approximately 712 million yuan, 770 million yuan, 1.328 billion yuan, and 1.219 billion yuan for the years 2022, 2023, 2024, and the first half of 2025, respectively [3] - Net profits for the same periods were -99.43 million yuan, -12.33 million yuan, 48.04 million yuan, and 68.30 million yuan [4] Revenue Breakdown - For the first half of 2025, the revenue breakdown by product category is as follows: - Electric drive systems: 113.47 million yuan (95.49%) - Trucks: 93.99 million yuan (79.10%) - Buses: 4.44 million yuan (3.73%) - Non-road mobile machinery: 15.04 million yuan (12.65%) - Components and accessories: 2.54 million yuan (2.14%) - Technical development and services: 544.42 thousand yuan (0.46%) - Other products: 2.28 million yuan (1.92%) [3] Investment Plans - The net proceeds from the IPO are planned to be invested in projects including the annual production of 100,000 sets of new energy medium and heavy commercial vehicle electric drive systems and the establishment of a research and development center, with total investments of 1.38 billion yuan and 200 million yuan, respectively [3]