Core Viewpoint - United Power has successfully passed the listing review by the Shenzhen Stock Exchange for its initial public offering (IPO), aiming to raise approximately 4.857 billion yuan for key projects in the production of core components for new energy vehicles [1] Group 1: Company Overview - United Power was established in 2016 and focuses on the research, production, sales, and technical services of electric drive and power products for new energy vehicles [2] - The company is a wholly-owned subsidiary of Huichuan Technology, which holds 94.51% of its shares, making it the controlling shareholder [3] Group 2: Market Position - According to NE Times statistics, United Power holds approximately 10.7% of the electric control product market share in China's new energy passenger vehicle sector, ranking first among third-party suppliers [3] - The company also ranks first among third-party suppliers in the electric motor product market with a share of about 10.5% [3] Group 3: Financial Performance - United Power is experiencing rapid growth, with total assets projected to reach 9.087 billion yuan, 12.297 billion yuan, and 18.072 billion yuan from 2022 to 2024 [3] - The company's revenue is expected to grow from 5.027 billion yuan in 2022 to 16.178 billion yuan in 2024, with net profit turning from a loss of 179 million yuan in 2022 to a profit of 936 million yuan in 2024 [3] Group 4: Parent Company Performance - Huichuan Technology's revenue from the new energy vehicle and rail transit segment reached 9.920 billion yuan in 2023, accounting for 32.61% of total revenue, and is projected to grow to 16.642 billion yuan in 2024, representing a year-on-year increase of 67.76% [4] - This segment has become the largest revenue contributor for Huichuan Technology, surpassing general automation [4]

此外，上市委要求联合动力结合与同行业可比公司在核心产品关键性能、产品价格、技术先进性、研发 费用率等方面的比较情况，以及新能源汽车新车型的平均推出周期、公司主营产品的技术迭代周期及二 者匹配性，说明公司研发费用率持续下降的合理性，现有研发费用规模是否足以支撑公司的业绩增长。 招股书显示，本次冲击上市，联合动力拟募集资金约48.57亿元。2022—2024年，联合动力实现营业收 入分别约为50.27亿元、93.65亿元、161.78亿元；对应实现归属净利润分别约为-1.79亿元、1.86亿元、 9.36亿元。 在上市委审核会议上，上市委要求联合动力结合期后国内新能源汽车行业发展趋势、产业政策变化、前 五大客户经营业绩情况及自建供应链进展情况，以及产品价格、直接材料成本变化等，说明对公司收 入、毛利率、净利润的影响，公司作为第三方独立供应商是否存在被替代的风险，公司业绩增长是否具 有可持续性。 北京商报讯（记者 马换换 王蔓蕾）6月12日晚间，深交所官网显示，苏州汇川联合动力系统股份有限公 司（以下简称"联合动力"）创业板IPO当日上会获得通过。 据了解，联合动力创业板IPO于2024年12月31日获得受理，20 ...

带领汇川技术（300124）成长为A股千亿市值巨头后，朱兴明着手分拆汇川技术子公司苏州汇川联合动力系统股份有限公司（以下简称"联合动力"）至创业 板上市，从而拓宽旗下资本版图。排队近半年后，联合动力的冲A事项迎来了最新进展，公司创业板IPO将于6月12日首发上会。IPO即将迎考背后，联合动 力报告期内的大额关联交易以及公司募投项目的合理性，也成为市场关注的焦点。 | 公司全称 | 苏州汇川联合动力系统股份有限公司 | 公司简称 | | --- | --- | --- | | 受理日期 | 2024-12-31 | 更新日期 | | 审核状态 | 已问询 | 预计融资金额(亿元 | | 保荐机构 | 国泰海通证券股份有限公司 | 保荐代表人 | 关联交易金额占比走高 根据安排，联合动力创业板IPO将于6月12日上会迎考。届时公司能否获得上市委放行，答案也将揭晓。 据了解，联合动力创业板IPO于2024年12月31日获得受理，2025年1月13日进入问询阶段。公司主要从事新能源汽车电驱及电源产品系统解决方案的研发、 生产、销售和技术服务，系汇川技术旗下运营新能源汽车电驱系统和电源系统的唯一主体。 截至招股书签署日 ...