Core Viewpoint - Aitek Automotive Electronics Co., Ltd. (referred to as Aitek) is undergoing a status change to "inquired" for its listing application on the Shanghai Stock Exchange, aiming to raise 1.5 billion yuan [1] Group 1: Company Overview - Aitek is a leading provider of automotive electronic intelligent solutions, focusing on the development, production, and sales of automotive electronic products across various domains, including body, intelligent cockpit, power, and intelligent driving [1] - The company has established a complete business system from product design to mass production and delivery, accumulating extensive experience in automotive electronic product development and industrialization [1] Group 2: Market Position - Aitek holds a 25.50% market share in the BCM (Body Control Module) for self-owned brand passenger cars in China for 2024, ranking first for three consecutive years [2] - The company ranks first with a 13.83% share in the market for pre-installed remote physical keys for passenger cars and third with a 6.41% share in the cockpit domain and display assembly for self-owned brand passenger cars [2] - Aitek's products are supplied to well-known automotive manufacturers, including Chery, Changan, Great Wall, SAIC, Geely, BAIC, Dongfeng, and new energy vehicle makers like Li Auto, Xpeng, and Leap Motor [2] Group 3: Financial Performance - Aitek's revenue for the years 2022, 2023, and 2024 is reported as 2.174 billion yuan, 3.008 billion yuan, and 3.468 billion yuan, respectively, with net profits of 94.14 million yuan, 197 million yuan, and 213 million yuan during the same periods [2] - As of December 31, 2024, the total assets of Aitek are 3.276 billion yuan, with equity attributable to shareholders of the parent company at 1.230 billion yuan [3] - The company’s debt-to-asset ratio is 49.06% for the parent company and 62.43% for the consolidated entity [3] - The basic and diluted earnings per share for 2024 are both 1.59 yuan, with a return on equity of 19.11% [3]

Core Viewpoint - Wuhu Aiteke Automotive Electronics Co., Ltd. has been accepted for IPO on the Shanghai Stock Exchange, positioning itself as a leading provider of automotive electronic intelligent solutions in China [2] Company Overview - Established in 2002, Aiteke specializes in the R&D, production, and sales of automotive electronic products across four main functional domains: body domain, intelligent cockpit domain, power domain, and intelligent driving domain [2] - The company provides automotive electronic EMS and technical development services to its clients [2] Market Position - Aiteke holds a 25.50% market share in the BCM (Body Control Module) for domestic brand passenger cars in China for 2024, ranking first for three consecutive years [2] - The company also ranks first with a 13.83% market share in the pre-installed remote key segment and third with a 6.41% market share in the cockpit domain and display assembly for domestic brand passenger cars [2] Client Base - Aiteke's client matrix includes major domestic automakers such as Chery, Changan, Great Wall, SAIC, Geely, BAIC, and Dongfeng, as well as new energy vehicle manufacturers like Li Auto, Xpeng, and Leap Motor [2] - The company also provides automotive electronic EMS to Bosch, with products ultimately supplied to well-known automakers like Volvo and Audi [2] Financial Performance - The total assets of the company are projected to reach 3.28 billion yuan by the end of 2024, up from 2.83 billion yuan in 2023 and 2.19 billion yuan in 2022 [3] - Revenue is expected to grow from 2.17 billion yuan in 2022 to 3.47 billion yuan in 2024, while net profit is projected to increase from 94.14 million yuan to 213.19 million yuan over the same period [3] - The company's net profit attributable to the parent company is forecasted to rise from 91.75 million yuan in 2022 to 213.15 million yuan in 2024 [3] Leadership - Chen Zejian, the actual controller of the company, holds 34.36% of the voting rights [5] - Chen has extensive experience in the automotive electronics field and has held various leadership roles within the company since its inception [7][8]

Core Viewpoint - E-Tech, a leading provider of automotive electronic intelligent solutions, has initiated its IPO process, aiming to raise 1.5 billion yuan to enhance its production and R&D capabilities in the automotive electronics sector [1][5]. Group 1: Company Overview - E-Tech specializes in the R&D, production, and sales of automotive electronic products across various domains, including body control, intelligent cockpit, powertrain, and intelligent driving [3]. - The company has developed a comprehensive business system from product design to mass production, accumulating extensive experience in automotive electronic product development and industrialization [3]. - E-Tech has established a diverse customer base, including major domestic automakers like Chery, Changan, Great Wall, SAIC, Geely, BAIC, and Dongfeng, as well as new energy vehicle manufacturers such as Li Auto, Xpeng, and Leap Motor [3]. Group 2: Market Position - E-Tech holds a 25.50% market share in the BCM (Body Control Module) segment for domestic passenger cars in China, ranking first for three consecutive years [4]. - The company also leads with a 13.83% market share in the pre-installed remote key segment for passenger cars and ranks third with a 6.41% share in the cockpit domain and display assembly [4]. Group 3: Financial Performance and IPO Plans - E-Tech's revenue is projected to grow from 2.174 billion yuan in 2022 to 3.468 billion yuan in 2024, with net profits increasing from 92 million yuan to 213 million yuan over the same period [5]. - The funds raised from the IPO will be allocated to projects including the annual production of 5 million automotive electronic units, expansion of the Bertak automotive electronics production base, and the establishment of R&D centers [5]. - The company aims to leverage the capital market to enhance its core technology, innovate products, expand market reach, and contribute to the localization of the automotive electronics industry in China [5].