Core Viewpoint - Tianbo Intelligent Technology (Shandong) Co., Ltd. has changed its listing review status to "inquired" on the Shanghai Stock Exchange, with a fundraising target of 2.057 billion yuan [1] Group 1: Company Overview - Tianbo Intelligent is a manufacturer of automotive thermal management system components and has expanded into automotive acoustic components [1] - The company's main products are primarily used in the automotive sector, with clients covering most domestic major manufacturers, including the top ten automotive groups in China for 2024 [1] - The company specializes in automotive temperature control components, temperature sensors, and electric sound components, among others, to meet one-stop procurement needs [1] Group 2: Market Position - According to Frost & Sullivan, Tianbo Intelligent ranks third globally and first domestically in automotive thermostats revenue for 2024, with its intelligent water valves, temperature sensors, and AVAS products ranking second, fourth, and second domestically, respectively [1] Group 3: Financial Performance - The company reported revenues of approximately 968 million yuan, 1.27 billion yuan, 1.693 billion yuan, and 920 million yuan for the years 2022, 2023, 2024, and the first half of 2025, respectively [2] - Net profits attributable to the parent company for the same periods were 487 million yuan, 112 million yuan, 323 million yuan, and 186 million yuan [2] - The company's total assets as of June 2025 were approximately 2.246 billion yuan, with a debt-to-asset ratio of 23.68% for the parent company [4]