特锐德（300001.SZ）冲刺A+H双上市

Core Viewpoint - Qingdao Teruid Electric Co., Ltd. (referred to as Teruid) has submitted an application for an IPO on the Hong Kong Stock Exchange, indicating its intention to expand its capital base for future growth [1][5]. Company Overview - Teruid is recognized as the world's largest manufacturer of high-voltage prefabricated substation and the largest provider of electric vehicle charging equipment and charging network operator in China [4][8]. - The company's business encompasses the research, development, manufacturing, and sales of high and medium voltage prefabricated substations, transformers, switchgear, and electric vehicle charging equipment, as well as the construction and operation of electric vehicle charging networks [4][8]. Financial Performance - Teruid has demonstrated steady growth in recent years, with total revenue increasing from RMB 12,690.6 million in 2023 to RMB 15,374.5 million in 2024, representing a growth of 21.1% [9]. - For the ten months ending October 31, 2024, total revenue rose by 8.7% from RMB 10,425.8 million to RMB 11,328.7 million in the same period of 2025 [9]. - Net profit surged from RMB 526.8 million in 2023 to RMB 939.4 million in 2024, marking an increase of 78.3% [10]. - For the ten months ending October 31, 2024, net profit increased by 65.5% from RMB 504.6 million to RMB 835.1 million in the same period of 2025 [10]. - The company's return on capital for 2023, 2024, and the ten months ending October 31, 2025, were 6.6%, 11.3%, and 11.1%, respectively [10].