Group 1 - Changzhou Furan De Automotive Technology Co., Ltd. has been established with a registered capital of 20 million yuan [1][2] - The company's business scope includes research and development of automotive parts, manufacturing of automotive parts and accessories, and sales of metal products [1][2] - Furan De (605050) holds 100% ownership of the newly established company [3] Group 2 - The company is located in Wujin District, Changzhou, Jiangsu Province, and is registered at the Wujin District Government Service Center [2] - The business registration is valid until August 7, 2025, with no fixed end date [2] - The company operates in the automotive manufacturing industry (C36) [2]

Core Viewpoint - Fengwo Co., Ltd. is seeking to go public on the Shanghai Stock Exchange, aiming to raise 656 million yuan for business expansion and operational support [1][6]. Group 1: Company Overview - Fengwo Co., Ltd. specializes in the research, manufacturing, and sales of turbochargers, with plans to expand into electric turbochargers and core components for air suspension systems [4]. - The company primarily serves the automotive OEM market, focusing on gasoline engines and hybrid powertrains for various passenger vehicles [4]. - Since its establishment, Fengwo has become a key supplier for major automotive manufacturers such as Chery, Geely, GAC, BYD, and Changan, breaking the international giants' monopoly in the domestic gasoline engine turbocharger market [4]. Group 2: Market Position and Performance - As of 2024, Fengwo's sales of passenger car gasoline engine turbochargers reached 2.2122 million units, capturing 15.3% of the national market share, ranking second overall and first among domestic companies [4]. - The company has seen a steady increase in market share and ranking since 2022 [4]. Group 3: Technological Capabilities - Fengwo has accumulated extensive patents and non-patent technologies over more than a decade, including high-performance turbocharger development technologies and NVH control technologies [5]. - The company is recognized for its ability to collaborate with OEMs on comprehensive design solutions, synchronized R&D capabilities, and automated production [5]. Group 4: Financial Performance - Fengwo's revenue for 2022, 2023, and 2024 is projected to be 1.399 billion yuan, 1.598 billion yuan, and 2.067 billion yuan, respectively, with net profits of 119 million yuan, 130 million yuan, and 204 million yuan [5]. Group 5: IPO Fund Utilization - The funds raised from the IPO will be allocated to projects including the annual production of 1 million turbochargers and 600,000 air suspension components, as well as to supplement working capital [6]. - These projects aim to enhance production scale, improve automation, and support the development of new products, thereby strengthening the company's competitive position and ensuring sustainable growth [6].