A-share subscription | Tianyou (603202.SH) opens the subscription with customers including major car companies such as Hyundai Motor and BYD Company Limited.

On April 14th, Tianyouwei (603202.SH) opened for subscription with an issuance price of 93.5 yuan per share and a maximum subscription limit of 12,500 shares. The price-earnings ratio is 13.5 times, and it is listed on the Shanghai Stock Exchange, with China Securities Co., Ltd. as its sponsor. According to the prospectus, Tianyouwei is mainly engaged in the research and development, design, production, sales, and services of car instruments, and 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 car electronic products and services. Since its establishment, the company has always focused on car instrument products, grasping the trend of car intelligence development, adhering to customer demand orientation, continuously developing iteratively, and possessing mature R&D capabilities, production capabilities, and service support capabilities in car instruments and other car electronic products. After years of business development, Tianyouwei has accumulated a number of well-known domestic and foreign car manufacturers and car parts suppliers as clients, including Hyundai Motor Group, BYD Company Limited, Chongqing Changan Automobile, FAW Pentium, Chery Group, SAIC-GM Wuling, HyolimXE, Wuhu Token Sciences, Geely Group, Beijing Hyundai, Kia Motors, Baoteng Motors, Xinyuan Motors, Beiqi Foton Motor, Qingling Motors, Anhui Jianghuai Automobile Group Corp., Ltd., Citroen, Kaiyi Motors, and others. After deducting issuance expenses, the company plans to invest in the following projects with the funds raised: Financially, the company's operating income is expected to be approximately 1.168 billion yuan, 1.972 billion yuan, 3.437 billion yuan, and 2.039 billion yuan for the years 2021, 2022, 2023, and the first 6 months of 2024. The company's net profits are expected to be approximately 116 million yuan, 397 million yuan, 843 million yuan, and 550 million yuan respectively.