天海电子深主板IPO过会 拟募资24.6亿元

Group 1 - The core viewpoint of the article is that Tianhai Electronics has successfully passed the IPO review by the Shenzhen Stock Exchange, marking a significant milestone for the company [1] - Tianhai Electronics, established in the 1970s, initially focused on traditional fuel vehicle wiring harnesses and has since expanded into core areas such as connectors and intelligent control systems, laying a solid foundation for future growth [3] - The company provides automotive transmission systems, connection systems, and intelligent control solutions, with its main products including automotive wiring harnesses, connectors, and electronics, primarily used in both new energy and traditional fuel vehicles [3] Group 2 - The brand "THB" is recognized in the market, reflecting the company's technical strength, with the per vehicle value of its products increasing significantly from 2500 yuan to over 5000 yuan, demonstrating a clear technology premium effect [3] - In 2024, the Chinese automotive wiring harness market is projected to reach 119.6 billion yuan, with Tianhai Electronics holding a leading market share of 8.45%, while it ranks among the top three in the 47.8 billion yuan automotive connector market with a 3.52% share [3] - Tianhai Electronics has established long-term stable partnerships with major automotive manufacturers such as Chery, SAIC Group, Geely, and General Motors, and has also collaborated with leading new energy vehicle companies like Li Auto and NIO [4] Group 3 - For the first three quarters of 2023 to 2025, Tianhai Electronics reported revenues of 11.549 billion yuan, 12.523 billion yuan, and 10.898 billion yuan, with net profits of 0.652 billion yuan, 0.614 billion yuan, and 0.537 billion yuan respectively [4] - The company plans to raise 2.46 billion yuan through its IPO to invest in projects including connector technology upgrades, wiring harness production bases, automotive electronics production bases, and the Tianhai Intelligent Connected Vehicle Industry Research Institute [4] - The construction of these projects is expected to enhance the company's R&D capabilities, improve the intelligence and informatization of production processes, and expand existing production capacity, thereby strengthening its core competitiveness and profitability [4]