Core Viewpoint - The company, Suzhou Huichuan United Power System Co., Ltd., has received approval for its IPO application on the ChiNext board, indicating a significant step towards public listing and capital raising for its operations in the electric vehicle components sector [1]. Group 1: Company Overview - The company specializes in providing intelligent electric vehicle components and solutions, including core power system components such as electric drive systems and power systems [4]. - The company was established in September 2016 and transitioned to a joint-stock company in June 2023, with a total share capital of 2,116,216,000 shares before the issuance [4]. - As of the end of 2024, the company employs a total of 8,366 people and has multiple subsidiaries both domestically and internationally [4]. Group 2: Shareholding Structure - Huichuan Technology directly holds 94.51% of the company's shares, making it the controlling shareholder [5]. - Mr. Zhu Xingming is the actual controller of the company through his control of Huichuan Technology, which indirectly controls 94.51% of the company's shares [5]. Group 3: Financial Performance - The company's revenue for the reporting period was 502,703.07 million yuan, 936,540.28 million yuan, and 1,617,753.13 million yuan, showing a significant growth trend [7]. - The net profit attributable to the parent company for the same period was -18,823.32 million yuan, 15,819.36 million yuan, and 91,313.91 million yuan, indicating a turnaround from a loss to profitability [7]. Group 4: Key Questions from the Listing Committee - The listing committee raised questions regarding the impact of domestic new energy vehicle industry trends, policy changes, major customer performance, and supply chain developments on the company's revenue, gross margin, and net profit sustainability [8]. - There were inquiries about the company's R&D expenditure and its adequacy to support future growth, as well as comparisons with industry peers regarding product performance and pricing [8].