Core Viewpoint - The company, Hongyuan Electromagnetic Wire Co., Ltd., is focusing on the development of a new production base for special electromagnetic wires used in high-efficiency electric motors for new energy vehicles, which is a key part of its strategic planning [1][4]. Group 1: Company Overview - Hongyuan Electromagnetic Wire Co., Ltd. specializes in the research, production, and sales of various types of electromagnetic wires, including paper-wrapped wires and enameled wires, primarily used in high-voltage and large-capacity power transformers [1][2]. - The company has established itself as a leading manufacturer in the field of high, ultra-high, and extra-high voltage transformer electromagnetic wires, recognized as a national "Manufacturing Single Champion Enterprise" and a "Green Factory" [2][3]. Group 2: Product Development and Innovation - The company has developed products that meet international standards, including ultra-thin switching wires and high-temperature self-adhesive enameled switching wires, filling domestic gaps in the market [2]. - The new production base for special electromagnetic wires aims to produce 6,000 tons annually of corona-resistant enameled flat wires for 800V electric motors, enhancing the company's product structure and profitability [1][9]. Group 3: Market Position and Financial Performance - The company has a strong market position in the extra-high voltage transformer wire sector, having completed significant advancements in the application of its products in ultra-high voltage projects [3][4]. - Financially, the company reported revenues of 1.31 billion yuan, 1.46 billion yuan, and 2.07 billion yuan for the years 2022 to 2024, with a compound annual growth rate of 25.74% [6]. Group 4: Future Outlook and Investment Plans - The company plans to raise approximately 282 million yuan through its public offering, with funds allocated for digital upgrades of production lines, research center construction, and the new energy vehicle wire production base [9][10]. - The company anticipates revenue growth of 19.18% to 31.73% in 2025, with expected net profits increasing by 12.54% to 30.30% [6][10].