Core Viewpoint - 泰鸿万立 is initiating its IPO with a price of 8.60 yuan per share and a PE ratio of 18.60 times, focusing on the automotive structural and functional components market [1] Company Overview - 泰鸿万立 specializes in the R&D, production, and sales of automotive structural and functional components, which are essential parts of vehicle bodies and chassis [1] - The company has established itself as a primary supplier for several well-known domestic and international automotive manufacturers, including 吉利汽车, 长城汽车, and 沃尔沃 [1] Financial Performance - In the fiscal years 2021, 2022, and 2023, the company reported revenues of approximately 1.01 billion yuan, 1.48 billion yuan, and 1.54 billion yuan respectively [2] - Net profits for the same years were approximately 85.38 million yuan, 131 million yuan, and 162 million yuan [2] Key Financial Metrics - As of June 30, 2024, total assets amounted to 1.93 billion yuan, with equity attributable to shareholders at 941.84 million yuan [3] - The company's asset-liability ratio decreased from 57% in 2022 to 50.55% in mid-2024 [3] - Revenue for the first half of 2024 was reported at 738.25 million yuan, with a net profit of 65.92 million yuan [3] Growth Trends - The company experienced significant revenue growth in 2021 and 2022, with increases of 67.58% and 46.13% respectively, but the growth rate slowed to 4.50% in 2023 due to market changes and increased competition [3]