Group 1 - Wolong Electric has officially submitted its prospectus to the Hong Kong Stock Exchange for a dual listing, aiming to become a high-end equipment manufacturing company listed in both Shanghai and Hong Kong [1] - The company is the largest global provider of seven types of electric drive systems, including explosion-proof motors and air conditioning electric drive systems, according to Frost & Sullivan [3] - Financial performance shows revenues of 14.266 billion, 15.567 billion, and 16.247 billion for 2022, 2023, and 2024 respectively, with corresponding net profits of 839 million, 553 million, and 832 million [3] Group 2 - The A+H dual listing aims to raise funds for expanding production capacity, enhancing R&D capabilities, and investing in emerging fields such as electric aviation and robotics [4] - As of August 21, 2025, the total market capitalization of Wolong Electric's A-shares is approximately 49.347 billion, with a static P/E ratio of about 52.65 times [4] - The prospectus indicates that the H-share pricing is expected to be attractive, with comparable Hong Kong mechanical and electrical companies having an average P/E ratio of 12-15 times for 2024 [4]