Group 1 - The core viewpoint of the article is that Shenyang Hongyuan Electromagnetic Wire Co., Ltd. has officially listed on the Beijing Stock Exchange, marking a new development stage for the company and injecting vitality into the capital market [1] - The company specializes in the research, production, and sales of electromagnetic wires, including various types such as switch wires, paper-wrapped wires, enamelled wires, and composite wires, and has established itself as a manufacturer of high, ultra-high, and extra-high voltage transformer electromagnetic wire products [1] - Major clients include significant power transmission and transformation equipment manufacturers such as TBEA, XJ Electric, and Baobian Electric [1] Group 2 - The company's projected revenues for 2022, 2023, and 2024 are 1.311 billion yuan, 1.461 billion yuan, and 2.072 billion yuan, respectively, while net profits are expected to be 50 million yuan, 64.47 million yuan, and 101.3 million yuan [1] - Hongyuan is actively expanding into the new energy sector, focusing on the development of high-power drive motor electromagnetic wires for new energy vehicles, and has secured orders from domestic and international new energy vehicle manufacturers [4] - The company has become a qualified supplier for VinFast, a Vietnamese new energy vehicle manufacturer listed in the United States, indicating its growing presence in the new energy market [4]

Core Viewpoint - Hongyuan Co., Ltd. is launching an online issuance of shares at a price of 9.17 yuan per share, targeting qualified investors through the Beijing Stock Exchange trading system [1] Group 1: Company Overview - Hongyuan Co., Ltd. specializes in the research, production, and sales of electromagnetic wires, with products including various types of conductors and wires used in high-voltage and large-capacity power transformers [1] - The company has a diverse customer base, including major manufacturers like TBEA, China XD Electric, and Hitachi Energy, and exports to countries such as Turkey, North America, and Egypt [1] Group 2: Financial Performance - The company's revenue has shown consistent growth over the past three years, with figures of 1.311 billion yuan, 1.461 billion yuan, and 2.072 billion yuan, resulting in a compound annual growth rate of 25.74% [1] Group 3: Market Position - Hongyuan Co., Ltd. holds a leading position in the ultra-high voltage sector, with a market share of 24.43% in DC converter transformers and 29.63% in AC transformers in projects bid by State Grid and Southern Power Grid from 2019 to 2023 [2] Group 4: Strategic Initiatives - The company is expanding into the new energy sector by developing high-power drive motor electromagnetic wires for electric vehicles, aiming to enhance its product structure and competitiveness [2] - The funds raised from the issuance will be allocated to projects such as upgrading production lines, establishing a research center, and creating a production base for special electromagnetic wires for electric vehicles [3] - The investment strategy aligns with the company's development goals, focusing on innovation and capacity expansion to support its main business [3]