Core Viewpoint - Beijing Weitongli Electric Co., Ltd. (referred to as Weitongli) has applied for a change in its listing review status to "inquired" on the Shenzhen Stock Exchange, with a fundraising target of 1.59374 billion yuan [1] Group 1: Business Overview - The company specializes in the research, production, and sales of a series of electrical connection products, including hard connections, flexible connections, contact components, laminated busbars, and CCS, as well as synchronous decomposers [1] - Weitongli aims to provide high-performance electrical connection products and customized solutions to meet the individual needs of global customers, enhancing safety, reliability, sustainability, and intelligence in electrical connections [1] - The company has expanded its application areas from traditional sectors like electric power and rail transportation to emerging industries such as new energy vehicles and wind-solar-storage [1] Group 2: Clientele and Market Position - Weitongli serves high-end clients in the electrical connection product sector, with products recognized by major players in various fields, including Siemens, Schneider, ABB, Hitachi Energy, and GE in the electric power sector [2] - In the new energy vehicle sector, clients include BYD, Stellantis, and others, while in the wind-solar-storage sector, clients include Goldwind Technology and Sungrow Power [2] - The company has received numerous awards and recognitions from its clients, indicating a strong market position and reputation [2] Group 3: Financial Performance - For the fiscal years 2022, 2023, and 2024, the company reported revenues of approximately 1.437 billion yuan, 1.699 billion yuan, and 2.390 billion yuan, respectively, with net profits of approximately 115 million yuan, 186 million yuan, and 271 million yuan [3] - Total assets as of December 31, 2024, are projected to be approximately 2.357 billion yuan, with equity attributable to shareholders of approximately 1.517 billion yuan [4] - The company's asset-liability ratio is expected to rise from 22.90% in 2022 to 40.90% in 2024, indicating a significant increase in leverage [4]