Thai Hong Van Li has submitted its IPO registration to the Shanghai Stock Exchange and has become a first-tier supplier for well-known brands such as GEELY AUTO, Great Wall Motor, and Volvo.

On November 15th, Zhejiang Taihong Wanli Technology Co., Ltd. (referred to as Taihong Wanli) applied for a change in the IPO review status of the Shanghai Stock Exchange main board to "submit for registration". Orient is its sponsor institution, and it plans to raise 1.15 billion yuan. The prospectus shows that Taihong Wanli's main business is the research, development, production, and sales of automotive structural parts and functional parts. After years of development, the company has formed two major product systems centered around structural parts and functional parts. The company has become a first-tier supplier to many well-known domestic and foreign OEMs or brands such as GEELY AUTO, Great Wall Motor, Volvo, SAIC Motor Corporation, Guangzhou Automobile Group, GM Wuling, Jiangling Motors Corporation, Lynk & Co and has entered the supply chain system of several automotive platforms such as Geely Group's Haohan, CMA, PMA, and Great Wall Motor's A30, B30, ES11. In the field of new energy vehicles, the company has actively developed cooperation relationships with Tsinghua University, Jinkai Automobile, Lixiang Automobile, NIO, LEAPMOTOR, and X company, becoming their first-tier suppliers. It is also a supporting partner of well-known component suppliers such as Contemporary Amperex Technology, Wuxi Zhenhua Auto Parts, Hystamp, and Saikeli. Taihong Wanli's main products are automotive structural parts and functional parts, which are the main components of car bodies and chassis and are key components required for car production. The production process of structural parts includes blanking, stamping, with stamping as the core process, and some structural parts need to be assembled into sub-assemblies through welding or riveting after stamping. The company's proposed investment projects are as follows: On the financial side, in the fiscal years 2021, 2022, 2023, and January to June 2024, Taihong Wanli expects to achieve operating revenues of approximately 1.01 billion yuan, 1.48 billion yuan, 1.54 billion yuan, and 738 million yuan respectively. During the same period, the company expects to achieve net profits of approximately 85 million yuan, 1310 million yuan, 1620 million yuan, and 660 million yuan respectively.