Company Overview - The company name is Aotegia New Energy Technology Co., Ltd. with a registered capital of RMB 3,309,623,844 [1][2] - The company was established in 2002 and underwent several transformations, including a name change to Aotegia New Energy Technology Co., Ltd. in 2015 [2][3] - The company operates in the automotive parts industry, focusing on products such as automotive air conditioning systems, compressors, and thermal management products for energy storage batteries [2][3] Financial Reporting - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards issued by the Ministry of Finance [3][4] - The company has a total of 48 subsidiaries included in the consolidated financial statements, with changes in the scope of consolidation compared to the previous period [2][3] Capital Structure - The company has undergone multiple capital increases through public offerings and private placements, with significant changes in registered capital over the years [2][3] - The latest capital increase involved the issuance of 66,365,700 restricted shares at a price of RMB 1.26 per share, increasing the total share capital [2][3] Subsidiaries and Operations - The company has numerous subsidiaries across various countries, including Australia, the UK, Mexico, and the US, indicating a broad international presence [3][4] - The subsidiaries are categorized into different operational groups based on their geographical locations and functions [3][4] Accounting Policies - The company follows specific accounting policies for revenue recognition, research and development expenses, and goodwill impairment testing [3][4] - The financial statements are prepared using the historical cost basis, except for certain financial instruments [3][4] Currency and Foreign Operations - The company primarily uses RMB for its domestic operations, while its foreign subsidiaries use various currencies such as USD, EUR, and AUD based on their operational environments [3][4] - The financial statements of foreign operations are translated into RMB using specific exchange rates for assets, liabilities, and income statement items [3][4]

Core Viewpoint - The company Nanbaichuan has received approval for its initial public offering (IPO) application, with plans to raise 729 million yuan for projects related to the production of cooling plates for electric vehicles and other related businesses [1] Financial Performance - The company reported revenues of 1.031 billion yuan in 2022, 1.136 billion yuan in 2023, and projected 1.437 billion yuan in 2024, indicating a growth trend [1] - Net profit figures for the same years were 113.31 million yuan in 2022, 98.25 million yuan in 2023, and a projected 95.43 million yuan in 2024, showing a decline in profitability [1] - Basic earnings per share were 1.35 yuan in 2022, 1.17 yuan in 2023, and are expected to be 1.14 yuan in 2024, reflecting a downward trend [1] - The weighted average return on equity was 30.40% in 2022, 20.43% in 2023, and is projected to be 16.47% in 2024, indicating a decrease in efficiency [1] Investment Plans - The funds raised from the IPO will be allocated to the construction of a production project for 3.6 million sets of water cooling plates, working capital, and expansion of the production base in Taizhou [1] - The underwriting institution for this issuance is Zheshang Securities Co., Ltd. [1]