(Tianyouwei) has submitted its IPO registration to the Shanghai Stock Exchange, focusing on the field of new energy intelligent cabins.
On December 13, Heilongjiang Tianyouwei Electronics Co., Ltd. (referred to as "Tianyouwei") applied to the Shanghai Stock Exchange for a change in the status of the IPO review from "under review" to "registration submitted".
On December 13th, Heilongjiang Tianyouwei Electronics Co., Ltd. (hereinafter referred to as "Tianyouwei") applied for the change in the IPO review status of the Shanghai Stock Exchange mainboard to "submitted for registration". China Securities Co., Ltd. serves as its sponsor, with a planned fundraising of 3.004 billion yuan.
The prospectus shows that Tianyouwei is mainly engaged in the research and development, production, sales, and service of automotive instrumentation, and is gradually expanding into the field of intelligent cockpits. The company's main products include electronic combination instruments, full LCD combination instruments, dual-screen instruments, and other automotive electronic products and services.
Since its establishment, Tianyouwei has always focused on automotive instrument products, grasping the trend of automotive intelligent development, adhering to customer-oriented demand, continuously developing and iterating, and possessing mature research and development capabilities, production capabilities, and service guarantee capabilities for automotive instrument and other automotive electronic products.
Through long-term business development, the company has the ability to synchronously develop and supply in batches to automotive OEMs and has accumulated customers including many well-known domestic and foreign automotive OEMs and automotive component suppliers, mainly including Hyundai Motor Group (including Hyundai Motor, Kia Motors, Hyundai Mobis, etc.), BYD Company Limited, Chongqing Changan Automobile, FAW Pentium, Chery Group, SAIC-GM Wuling, HyolimXE, Wuhu Token Sciences, Geely Group, Beijing Hyundai, Yueda Kia, BAIC Motor, Xin Yuan Auto, Beiqi Foton Motor, Qingling Auto, Anhui Jianghuai Automobile Group Corp., Ltd., Dongfeng Motor, Kaiyi Motor, etc.
After deducting issuance expenses, Tianyouwei plans to invest in the following projects:
In terms of finances, in the fiscal year of 2021, 2022, 2023, and from January to June of 2024, Tianyouwei is expected to achieve operating revenues of about 1.168 billion yuan, 1.972 billion yuan, 3.437 billion yuan, and 2.039 billion yuan respectively. During the same period, the company is expected to achieve net profits of about 116 million yuan, 397 million yuan, 843 million yuan, 550 million yuan respectively.
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