Core Viewpoint - Wolong Electric Drive has submitted its prospectus to the Hong Kong Stock Exchange for a dual listing, aiming to capitalize on its recent stock price surge and significant market presence [2][14]. Group 1: Company Background - Wolong Electric Drive, founded by Chen Jiancheng in 1984, has grown from a small factory in Shaoxing, Zhejiang, to a leading domestic electric motor manufacturer, achieving a market capitalization of approximately 50.1 billion RMB [3][6]. - The company underwent a transformation from a collective enterprise to a private company and successfully went public on the Shanghai Stock Exchange in 2002 [7]. - Chen Jiancheng's daughter, Chen Yanni, joined the company in 2007 after gaining experience in international finance, and she has since taken on significant leadership roles within the company [4][13]. Group 2: Financial Performance - Wolong Electric Drive's revenue for 2022, 2023, and 2024 is projected to be 14.27 billion RMB, 15.57 billion RMB, and 16.25 billion RMB, respectively, with corresponding profits of 839 million RMB, 553 million RMB, and 832 million RMB [17][20]. - The company has seen its stock price double in the current year, reflecting strong market confidence [14]. - The core business segments, including explosion-proof, industrial, and HVAC electric drive systems, account for nearly 90% of the company's revenue, although growth in these areas has shown signs of slowing down [18][19]. Group 3: Strategic Initiatives - Wolong Electric Drive is expanding into the robotics sector, with revenue from its robotics components business projected to grow from 355 million RMB in 2022 to 451 million RMB in 2024 [21]. - The company has made strategic investments in emerging fields, particularly in electric aviation and robotics, indicating a focus on diversifying its revenue streams [22]. - Wolong Electric Drive has also engaged in acquisitions of international brands and companies to enhance its market position and technological capabilities [12].

创业父女档。 来自浙江绍兴的卧龙电驱，背后站着一对父女——陈建成、陈嫣妮。19 84年，陈建成从一间山村里的旧厂房起步，一路带领卧龙电驱 成为国内电机龙头。 而与众多二代的成长路径相似，陈嫣妮也是从海外学成归来，2007年进入集团工作，历练多年后从父亲手中接班。 父女联手 缔造市值500亿 这是一个浙商白手起家的故事。 19 59年出生的陈建成，绍兴人，高中毕业后就跟着父亲一起做木匠。197 7年，进入联丰玻璃钢厂工作，从一名技术员做起，1982年 出任副厂长。这一年，女儿陈嫣妮呱呱落地。 赴港上市络绎不绝。 作者 I 刘博 报道 I 投资界PEdaily 投资界获悉，卧龙电驱近日正式向港交所递交招股书，计划在港股挂牌，实现"A+H"双重上市。值得一提的是，卧龙电驱A股股价年 内至今已翻倍，最新市值近5 00亿元。 值得一提的是，卧龙电驱年内股价已经翻倍，最新市值近50 0亿元。 投了智元 还是宇树的供应商 这究竟是一门什么生意？ 招股书显示，卧龙电驱专注于电驱动系统产品及解决方案的研发、生产、销售和服务，持续为全球客户提供包括防爆电驱动系统解决 方案、工业电驱动系统解决方案、暖通电驱动系统解决方案、新能源交 ...

电梯运行，工厂里机械臂精准舞动，电动汽车疾驰——这些场景背后，都有一颗默默工作的"心脏"：电 机。 之后，连续收购意大利SIR机器人公司、英国Brook Crompton等：这些收购帮助卧龙补齐了在工业自动 化、特定细分市场的短板，使其产品线迅速丰满。 2018年，收购通用电气（GE）旗下小型工业电机业务（SIM）：这笔1.42亿美元的收购，在当时引起了 全球工业界的震动。 近日，电机龙头企业卧龙电驱向港交所递交招股书，拟香港主板挂牌上市。其2002年6月6日在A股上 市。截至2025年8月13日收市，其总市值约392亿元。 01 卧龙电驱驱动集团股份有限公司（简称：卧龙电驱）创始人陈建成，1959年生于浙江上虞，1984年从杭 州大学（现浙江大学）机械系毕业。 1984年，他和五个伙伴在浙江绍兴上虞县蒿坝乡的卧龙山脚下，凑了5多万元，在一个租来的破旧厂房 里，创办了上虞县多速微型电机厂（卧龙前身）。 1990年代，卧龙电驱开始涉足日用电机，如空调、洗衣机里的小电机。进入21世纪，他们瞄准工业电机 和高压电机，服务于电力、冶金、石油等重工业。2002年，卧龙电驱上市，成为国内首家A股上市的民 营电机企业。 0 ...

继6月发布H股上市计划后，国内电驱系统和机器人概念企业卧龙电驱（600580）（600580.SH）于近日 发布了完整的港股招股书，正式开启港股IPO征程。 这也是继三花智控（002050）、均胜电子（600699）等企业后，又一家以制造业为基，以机器人产业 为"卖点"的拟A+H股上市企业。 公开资料显示，卧龙电驱不仅是细分电驱场景的多个隐形冠军，也是集齐了人形机器人组件、新能源汽 车、低空经济eVTOL、数据中心等几乎所有热门科技股概念。更关键的是，公司与时下资本市场的热 门企业——智元机器人完成双向投资，更确立了公司作为机器人概念核心标的的地位。 而随着港股递表和中报的披露，卧龙电驱近日也接连迎来大涨。截至8月18日，卧龙电驱三个交易日合 计涨幅超过30%，年度涨幅则已经达到130%。 整合出来的电驱龙头 公开资料显示，卧龙电驱是一家全球领先的电驱动系统解决方案提供商，专注于研发、生产、销售和服 务。公司有五大核心业务板块：防爆电驱动系统解决方案、工业电驱动系统解决方案、暖通电驱动系统 解决方案、新能源交通电驱动系统解决方案、机器人组件及系统应用。 从财务数据来看，2022年至2024年，卧龙电驱实现收入 ...

在部分电驱动细分市场上，卧龙电驱的排名较为领先。 继6月发布H股上市计划后，国内电驱系统和机器人概念企业卧龙电驱（600580.SH）于近日发布了完整 的港股招股书，正式开启港股IPO征程。 这也是继三花智控、均胜电子等企业后，又一家以制造业为基，以机器人产业为"卖点"的拟A+H股上市 企业。 公开资料显示，卧龙电驱不仅是细分电驱场景的多个隐形冠军，也是集齐了人形机器人组件、新能源汽 车、低空经济eVTOL、数据中心等几乎所有热门科技股概念。更关键的是，公司与时下资本市场的热 门企业——智元机器人完成双向投资，更确立了公司作为机器人概念核心标的的地位。 而随着港股递表和中报的披露，卧龙电驱近日也接连迎来大涨。截至8月18日，卧龙电驱三个交易日合 计涨幅超过30%，年度涨幅则已经达到130%。整合出来的电驱龙头 公开资料显示，卧龙电驱是一家全球领先的电驱动系统解决方案提供商，专注于研发、生产、销售和服 务。公司有五大核心业务板块：防爆电驱动系统解决方案、工业电驱动系统解决方案、暖通电驱动系统 解决方案、新能源交通电驱动系统解决方案、机器人组件及系统应用。 从财务数据来看，2022年至2024年，卧龙电驱实现收入 ...

8月13日，该公司向香港联交所提交IPO申请，拟于港股主板挂牌上市，中金公司、华泰国际、广发证券(香港)为联席保荐人。此 次IPO标志着卧龙电驱在巩固国内行业龙头地位的同时，进一步拓宽融资渠道，加速全球市场拓展与技术升级，为新能源时代的 高效电机与智能驱动解决方案注入新动能。 全球防爆电驱动系统解决方案市场龙头 年营收超162亿元 招股书显示，卧龙电驱是一家全球领先的电驱动系统解决方案提供商，公司专注于电驱动系统产品及解决方案的研发、生产、销 售和服务，持续为全球客户提供包括防爆电驱动系统解决方案、工业电驱动系统解决方案、暖通电驱动系统解决方案、新能源交 通电驱动系统解决方案、机器人组件及系统应用五大核心板块。 截至2025年6月30日，卧龙电驱在全球拥有45家工厂，包括位于德国、波兰、意大利、越南、墨西哥以及其他国家及地区的14家 海外工厂，使公司能够为各自地区的客户提供本地化的制造支持及服务。截至2025年6月30日，公司与截至2024年12月31日止年 度的前五大客户平均合作年限已超过21年。 根据弗若斯特沙利文的资料，按2024年收入计，卧龙电驱在全球防爆电驱动系统解决方案市场排名第一，市场份额约为4 ...

在"双碳"目标推动下，全球电机能效标准持续提升，新能源车、工业自动化等领域对高效电驱系统的需求爆发式增长。卧龙电驱 （600580）作为中国最大的工业电机供应商，正式迈出国际化资本布局的关键一步。 8月13日，该公司向香港联交所提交IPO申请，拟于港股主板挂牌上市，中金公司（601995）、华泰国际、广发证券(香港)为联席 保荐人。此次IPO标志着卧龙电驱在巩固国内行业龙头地位的同时，进一步拓宽融资渠道，加速全球市场拓展与技术升级，为新 能源时代的高效电机与智能驱动解决方案注入新动能。 全球防爆电驱动系统解决方案市场龙头年营收超162亿元 招股书显示，卧龙电驱是一家全球领先的电驱动系统解决方案提供商，公司专注于电驱动系统产品及解决方案的研发、生产、销 售和服务，持续为全球客户提供包括防爆电驱动系统解决方案、工业电驱动系统解决方案、暖通电驱动系统解决方案、新能源交 通电驱动系统解决方案、机器人组件及系统应用五大核心板块。 | | | | 截至12月31日止年度 | | | | | 截至6月30日止六個月 | | | | --- | --- | --- | --- | --- | --- | --- | --- ...

Group 1 - The core viewpoint of the news is that Wolong Electric Drive Group Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CICC, Huatai International, and GF Securities (Hong Kong) as joint sponsors [1] - Wolong Electric Drive is a global leader in electric drive system solutions, focusing on the R&D, production, sales, and service of electric drive system products [1] - The company has over 40 years of experience in the electric drive system field, emphasizing technological innovation and digital empowerment to provide industry-leading solutions [1] Group 2 - According to Frost & Sullivan, Wolong Electric Drive ranks first in the global explosion-proof electric drive system solutions market with a market share of approximately 4.5% [2] - The company ranks fourth in the global industrial electric drive system solutions market with a market share of about 2.8% and fifth in the global HVAC electric drive system solutions market with a market share of around 2.0% [2] Group 3 - The revenue details by fiscal year are as follows: for the years 2022, 2023, and 2024, the revenues were approximately 14.266 billion, 15.567 billion, and 16.247 billion RMB respectively, with profits of 839 million, 553 million, and 832 million RMB respectively [3] - For the six months ending June 30 in 2024 and 2025, the revenues were approximately 7.978 billion and 8.031 billion RMB, with profits of 409 million and 548 million RMB respectively [3]

Core Viewpoint - Wolong Electric Drive Group Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CICC, Huatai International, and GF Securities (Hong Kong) as joint sponsors [1]. Company Overview - Wolong Electric Drive is a global leader in electric drive system solutions, focusing on the R&D, production, sales, and service of electric drive system products and solutions across five core segments: explosion-proof electric drive systems, industrial electric drive systems, HVAC electric drive systems, new energy transportation electric drive systems, and robotic components and systems [3]. - The company has over 40 years of experience in the electric drive system field, leveraging technological innovation and digital empowerment to establish core capabilities in motors and drives, providing industry-leading solutions [3]. - Wolong Electric Drive is actively investing in future industries, accelerating its layout in electric aviation and embodied intelligence to lead technological breakthroughs in the next trillion-dollar market [3]. - The company operates globally, with R&D, production, and brand reach in over 100 countries and regions, aiming to provide optimal products and solutions to global users [3]. Market Position - According to Frost & Sullivan, by 2024, Wolong Electric Drive ranks first in the global explosion-proof electric drive system solutions market with a market share of approximately 4.5%, fourth in the global industrial electric drive system solutions market with a market share of about 2.8%, and fifth in the global HVAC electric drive system solutions market with a market share of around 2.0% [3]. Financial Performance - The revenue breakdown by segment for the years ending December 31 and the six months ending June 30 is as follows: - Explosion-proof electric drive systems: Revenue of approximately RMB 4.14 billion in 2022, increasing to RMB 4.69 billion in 2023, and projected at RMB 4.70 billion in 2024 [4]. - Industrial electric drive systems: Revenue of approximately RMB 3.63 billion in 2022, increasing to RMB 4.06 billion in 2023, and projected at RMB 4.06 billion in 2024 [4]. - HVAC electric drive systems: Revenue of approximately RMB 4.65 billion in 2022, decreasing to RMB 4.36 billion in 2023, and projected at RMB 4.59 billion in 2024 [4]. - New energy transportation electric drive systems: Revenue of approximately RMB 647 million in 2022, decreasing to RMB 609 million in 2023, and projected at RMB 390 million in 2024 [4]. - Robotic components and systems: Revenue of approximately RMB 356 million in 2022, increasing to RMB 406 million in 2023, and projected at RMB 452 million in 2024 [4]. - Financial results show that for the fiscal years 2022, 2023, and 2024, the company achieved revenues of approximately RMB 14.27 billion, RMB 15.57 billion, and RMB 16.25 billion, respectively, with net profits of RMB 839 million, RMB 553 million, and RMB 832 million [5].