The joint Power Entrepreneurship board IPO "has been inquired", with over 1.7 million units of power system products shipped in the first half of last year.

On January 13th, Suzhou Huichuan Joint Power System Co., Ltd. (referred to as Joint Power) applied to the Shenzhen Stock Exchange for a change in the status of its listing on the GEM to "inquiry received". Guotai Junan Securities is the sponsor institution, aiming to raise 4.85711 billion yuan. According to the prospectus, Joint Power aims to become a global leading provider of intelligent electric vehicle components and solutions, with its main products including electric drive systems (electronic control, motor, integrated drive assembly) and power systems (on-board chargers, DC/DC converters, integrated power assemblies). Joint Power is a leading company in the new energy vehicle power system industry, positioned at the core of the industry chain and bearing the important mission of promoting the high-quality development of China's automobile manufacturing industry. The company has undertaken and participated in several national key R&D programs and technology major projects, leading or participating in the formulation of 19 national standards, and leading the industry in breakthroughs in key technologies. Joint Power provides power system solutions for over 40 downstream vehicle companies and more than 170 vehicle models. With over 1.7 million power system products shipped in the first half of 2024, the company is deeply involved in the full lifecycle of new energy vehicles, including vehicle design, power system development, and after-sales warranty. The company collaborates with upstream integrated circuit, magnetic material, and equipment suppliers, continuously innovating in areas such as circuit design, material application, manufacturing processes, and software algorithms, aiming to promote self-reliance and self-improvement in China's smart electric vehicle industry chain. The funds raised in this issuance, after deducting issuance expenses, will be invested in the following projects: Financially, in 2021, 2022, 2023, and the first half of 2024, Joint Power achieved operating revenues of approximately 2.903 billion, 5.027 billion, 9.365 billion, and 6.055 billion yuan respectively; during the same period, the net profits were -250 million, -180 million, 186 million, and 285 million yuan respectively.