固德电材IPO：新能源汽车业务高级总裁王默愚离职，年薪164万是董事长两倍

Core Viewpoint - Gude Electric Materials (Suzhou) Co., Ltd. has successfully registered for an IPO on the ChiNext board, aiming to raise approximately 1.176 billion yuan to support its operations in the electric vehicle battery thermal runaway protection sector [3]. Company Overview - Gude Electric Materials was established in 2008 and specializes in the research, development, production, and sales of thermal runaway protection components for electric vehicle batteries and high-performance insulation products [3]. - The company has become a first-tier supplier for several global automotive manufacturers and battery producers, establishing long-term partnerships with industry leaders such as General Motors, Ford, Stellantis, and CATL [3]. Financial Performance - The company reported total assets of 1.130 billion yuan as of June 30, 2025, with a net profit attributable to the parent company of 81.16 million yuan for the first half of 2025 [4]. - Revenue figures from 2022 to 2025 are as follows: 475 million yuan (2022), 651 million yuan (2023), 908 million yuan (2024), and a projected 1.09 billion yuan for 2025, indicating a growth rate of 20.05% [5]. - The net profit attributable to the parent company is projected to reach 177.47 million yuan in 2025, reflecting a growth of 3.32% compared to the previous year [5]. Shareholding Structure - The controlling shareholder and actual controller of Gude Electric Materials is Zhu Guolai, who directly holds 46.76% of the shares and controls a total of 60.55% of the voting rights through related entities [7]. Management Changes - Wang Mo Yu resigned from his position as Vice President and Senior President of the New Energy Vehicle Business due to personal reasons, effective October 2025 [8]. Executive Compensation - In 2024, the highest executive compensation was for Wang Mo Yu at 1.6427 million yuan, significantly higher than the chairman and general manager Zhu Guolai's compensation of 804,900 yuan [9].