近日，创业板IPO企业深圳艾为电气技术股份有限公司（下称"艾为电气"）完成了首轮问询，涉及的主 要询问问题包括业绩表现、产品和技术的先进性、股权代持、关联交易等。 根据招股书，艾为电气是国内最大的新能源汽车热管理高压控制器第三方供应商。此次IPO，由中金公 司作为保荐机构，会计师事务所为信永中和会计师事务所（特殊普通合伙）。 不过，今年1月份，财政部披露的一份行政处罚决定书，却意外牵涉到了艾为电气。 根据决定书，财政部组织检查组，在2023年对深圳市巨源立德会计师事务所（下称"巨源立德所"）执业 质量等情况开展检查，发现该所审计的客户之一艾为电气，2022年的财务数据存在多处虚减或虚增的情 况。 尽管上述行政处罚针对巨源立德会计事务所，但却暴露了艾为电气财务数据的真实性问题。 边分红，边补流 | 名称 | 财政部行政处罚决定书 (财监法 (2025) 6号) | | | | --- | --- | --- | --- | | 索引号 | A18122025null060 | 文号 | 财监法〔2025〕6号 | | 发文时间 | 2025年01月23日 | 发文机构 | 监管评价局 | | 主题 | 行政处罚 ...

Core Insights - The rapid development of domestic electric vehicles has led to increased attention on the related industrial chain, particularly companies like Shenzhen Aiwei Electric Technology Co., Ltd. (Aiwei Electric), which specializes in digital control and power electronics products for electric vehicles [1] - Aiwei Electric's main product, the thermal management high-voltage controller, is a new component for electric vehicles compared to traditional fuel vehicles, impacting vehicle safety, range, and intelligence [1] - The company has established a technology research and development system centered around a technology platform, focusing on iterative upgrades, customized development, and new product development, ensuring industry leadership in technological advancement and product innovation [1] Technology Platform - Aiwei Electric has developed a "mature, unified, efficient, stable, reliable, and intelligent" software and hardware platform through continuous iteration and development [2] - The intelligent control algorithm software platform can accommodate diverse product needs, enhancing software development efficiency, while the power electronics hardware platform utilizes standardized circuit topology and advanced simulation platforms to improve development efficiency and cost control [2] Core Technologies - The company has accumulated over 17 core technologies in software algorithms, semiconductor applications, and product engineering design, focusing on high reliability, energy efficiency, precision, high voltage, low noise, and low cost [4] - Innovations such as the motor intelligent control algorithm and a low-resource operating system have optimized product performance and reduced costs, allowing for significant simplification of product architecture [4] - Aiwei Electric has gained recognition from leading Tier 1 customers and has become the largest third-party supplier of thermal management high-voltage controllers for electric vehicles in China, establishing strong market competitiveness and brand recognition [4]

财政部一份针对会计师事务所的行政处罚决定书意外牵涉到了艾为电气。 近日，创业板IPO企业深圳艾为电气技术股份有限公司（下称"艾为电气"）完成了首轮问询，涉及的主要询问问题包括业绩表现、产品和技 术的先进性、股权代持、关联交易等。 根据招股书，艾为电气是国内最大的新能源汽车热管理高压控制器第三方供应商。此次IPO，由中金公司作为保荐机构，会计师事务所为信 永中和会计师事务所（特殊普通合伙）。 不过，今年1月份，财政部披露的一份行政处罚决定书，却意外牵涉到了艾为电气。 根据决定书，财政部组织检查组，在2023年对深圳市巨源立德会计师事务所（下称"巨源立德所"）执业质量等情况开展检查，发现该所审 计的客户之一艾为电气，2022年的财务数据存在多处虚减或虚增的情况。 尽管上述行政处罚针对巨源立德会计事务所，但却暴露了艾为电气财务数据的真实性问题。 边分红，边补流 2025年1月23日，财政部对巨源立德所出具行政处罚决定书。根据处罚决定，该所存在"编造事由出具虚假审计报告"的情形，并披露了6家 公司的案例，其中就包括艾为电气。 | 名称 | 财政部行政处罚决定书 (财监法〔2025〕6号) | | | | --- | ...

[ 处罚决定书称，巨源立德所在艾为电气2022年财务报表审计中，未实施必要的审计程序，编制的审计 工作底稿中部分数据，与已获取的审计证据存在明显矛盾或重大不一致，编造事由出具虚假审计报告。 ] 近日，创业板IPO企业深圳艾为电气技术股份有限公司（下称"艾为电气"）完成了首轮问询，涉及的主 要询问问题包括业绩表现、产品和技术的先进性、股权代持、关联交易等。 根据招股书，艾为电气是国内最大的新能源汽车热管理高压控制器第三方供应商。此次IPO，由中金公 司作为保荐机构，会计师事务所为信永中和会计师事务所（特殊普通合伙）。 不过，今年1月份，财政部披露的一份行政处罚决定书，却意外牵涉到艾为电气。 根据决定书，财政部组织检查组，在2023年对深圳市巨源立德会计师事务所（下称"巨源立德所"）执业 质量等情况开展检查，发现该所审计的客户之一艾为电气，2022年的财务数据存在多处虚减或虚增的情 况。 尽管上述行政处罚针对巨源立德所，但暴露了艾为电气财务数据的真实性问题。 边分红，边补流 2025年1月23日，财政部对巨源立德所出具行政处罚决定书。根据处罚决定，该所存在"编造事由出具虚 假审计报告"的情形，并披露了6家公司的案 ...

凭借控制精准、稳定可靠的产品性能，艾为电气与业内领先的Tier1企业长期合作，产品最终应用于多 家主流新能源车企。根据灼识咨询的数据，2024年在国内市场中，公司热管理高压控制器产品市场份额 在第三方控制器供应商中排名第一。在国内市场占有率持续增长的同时，公司亦积极布局海外业务，目 前已进入了国际汽车零部件巨头法雷奥的供应链，奠定未来国内国际双循环业务格局。 深圳艾为电气技术股份有限公司是一家为新能源汽车提供数字控制与电力电子产品及解决方案的企业， 主营产品为新能源汽车热管理高压控制器。公司历经多年自主创新的技术沉淀，积累了丰富的行业经验 和优质的客户资源，确立了在新能源汽车热管理高压控制器领域的优势地位，具有较高的品牌知名度和 较强的市场竞争力。 在汽车行业中，零部件的研发周期长、投入大，需经过严格测试与验证。一旦车企与零部件供应商形成 合作关系，鉴于对产品质量的高要求以及漫长的测试时间成本，通常不会轻易更换合作方，黏性较强。 这种稳定的合作态势对于整个汽车产业链的高效运行和质量保障有着至关重要的意义，也促使各环节不 断提升自身实力以维持良好的合作生态。 图源：艾为电气招股书 ...

报告发布方：中金企信国际咨询 项目可行性报告&商业计划书专业权威编制服务机构（符合发改委印发项目可行性研究报告编制要求）-中金企信国际咨询：集13年项目编制服务经验为各 类项目立项、投融资、商业合作、贷款、批地、并购&合作、投资决策、产业规划、境外投资、战略规划、风险评估等提供项目可行性报告&商业计划书编 制、设计、规划、咨询等一站式解决方案。助力项目实施落地、提升项目单位申报项目的通过效率。 （1）热管理对新能源汽车的重要性：电动化与智能网联化是新能源汽车区别于传统燃油车的显著特征。热管理作为新能源汽车核心子系统，解决了整车电 动化与智能网联化的关键问题。 ①热管理是解决电动化带来的续航与安全焦虑的关键：主要动力来源从燃油转变为动力电池中存储的电力是新能源汽车相比于传统燃油车最为显著的差异。 电动化为新能源汽车引入高压系统，使得负责车辆驱动、充放电、电能变化及热管理功能的高压电气系统成为了新能源汽车的核心。 通过高效、安全和智能的高压电气系统，新能源汽车能够实现高性能、长续航和良好的用户体验。在高压快充和长时间过度放电状态下，动力电池内部温度 容易升高，可能会引发热失控，进而导致自燃或爆炸，造成严重后果—— ...

Core Viewpoint - Shenzhen Aiwei Electric Technology Co., Ltd. has applied for listing on the Shenzhen Stock Exchange's ChiNext board, with a fundraising target of 930.07 million yuan, focusing on digital control and power electronics products for the new energy vehicle sector [1] Group 1: Company Overview - Aiwei Electric is a leading third-party supplier of thermal management high-voltage controllers for new energy vehicles, leveraging self-developed intelligent control algorithms and power electronics hardware platforms [1][2] - The company has achieved the largest market share among third-party suppliers in China for thermal management high-voltage controllers, with specific products like electric compressor controllers and PTC controllers holding market shares of approximately 13.35% and 5.23%, respectively [1][2] Group 2: Sales and Clientele - The company's sales model is primarily direct sales, with a small portion through consignment sales, targeting Tier 1 clients such as Suzhou Zhongcheng and Huagong Gaoli, which supply major new energy vehicle manufacturers like Geely and BYD [2] Group 3: Financial Performance - Aiwei Electric's projected revenues for 2022, 2023, and 2024 are approximately 215 million yuan, 341 million yuan, and 442 million yuan, respectively, with net profits of around 57.37 million yuan, 86.42 million yuan, and 106 million yuan [3] - Key financial metrics for the end of 2024 include total assets of approximately 816.61 million yuan, equity attributable to shareholders of approximately 573.89 million yuan, and a debt-to-asset ratio of 29.65% [4]

Group 1 - The article discusses the recent acceptance of 12 IPO applications by the Shanghai, Shenzhen, and Beijing stock exchanges from June 19 to June 21, 2023 [1] - As of June 21, 2023, a total of 61 IPO projects have been accepted by the three exchanges, with 14 by the Shanghai Stock Exchange, 12 by the Shenzhen Stock Exchange, and 35 by the Beijing Stock Exchange [2] Group 2 Beijing Vito Electric Co., Ltd. - The company was established in October 2003 and transformed into a joint-stock company in September 2023, with a registered capital of 187 million yuan [3] - The main business includes the research, production, and sales of various electrical connection products [4] - The controlling shareholder, Huang Haoyun, holds 56.57% of the shares and controls a total of 68.33% of the voting rights [5] - The company reported revenues of 1.436 billion yuan, 1.699 billion yuan, and 2.390 billion yuan for 2022, 2023, and 2024 respectively, with net profits of 113 million yuan, 179 million yuan, and 270 million yuan [6][7] - The company plans to raise 1.594 billion yuan through its IPO for four projects, including the construction of a new production base [12] Guangxi Tianyuan Biochemical Co., Ltd. - The company was established in March 2001 and transformed into a joint-stock company in January 2002, with a registered capital of 105 million yuan [14] - The main business focuses on the research, production, and sales of pesticide formulations [15] - The controlling shareholder, Taihe Investment, holds 32.57% of the shares, while the actual controller, Li Weiguo, can control 45.08% of the voting rights [16] - The company reported revenues of 1.712 billion yuan, 1.774 billion yuan, and 1.750 billion yuan for 2022, 2023, and 2024 respectively, with net profits of 169 million yuan, 210 million yuan, and 227 million yuan [17][18] - The company aims to raise 629 million yuan through its IPO for five projects, including a green chemical processing center [24] Yifeng New Materials Co., Ltd. - Established in January 2011, the company has a registered capital of 142 million yuan [26] - The main business is focused on the research, production, and sales of optical new materials [27] - The controlling shareholder, Ma Yunsheng, holds 32.45% of the shares, while his spouse holds an additional 12.66% [28] - The company reported revenues of 714 million yuan, 625 million yuan, and 601 million yuan for 2022, 2023, and 2024 respectively, with net profits of 130 million yuan, 155 million yuan, and 133 million yuan [29][30] - The company plans to raise 844 million yuan through its IPO for five projects, including a high-refractive index optical resin material project [35] Shenzhen Aiwei Electric Technology Co., Ltd. - The company was established in October 2017 and transformed into a joint-stock company in December 2023, with a registered capital of 54.9 million yuan [37] - The main business provides digital control and power electronics products for new energy vehicles [38] - The controlling shareholder, Liang Xianghui, holds 47.89% of the shares and controls 56.09% of the voting rights [39] - The company reported revenues of 215 million yuan, 341 million yuan, and 442 million yuan for 2022, 2023, and 2024 respectively, with net profits of 57 million yuan, 85 million yuan, and 102 million yuan [40][41] - The company aims to raise 930 million yuan through its IPO for three projects, including a smart manufacturing base for high-voltage control components [45] Wuhu Aiteke Automotive Electronics Co., Ltd. - The company was established in December 2002 and transformed into a joint-stock company in December 2022, with a registered capital of 134.32 million yuan [55] - The main business focuses on providing intelligent solutions for automotive electronics [56]