AITech's application for listing on the Shanghai Stock Exchange has been accepted, making it a leading provider of automotive electronic intelligent solutions.

On June 20th, the IPO application of Wuhu E-Trix Automotive Electronics Co., Ltd. (referred to as E-Trix) on the Shanghai Stock Exchange main board has been accepted. Huatai United Securities is its sponsor institution, intending to raise about 1.5 billion yuan. The prospectus shows that E-Trix is a leading provider of automotive electronic intelligent solutions, mainly engaged in the research, development, production, and sales of automotive electronic products in areas such as vehicle body, intelligent cockpit, power domain, and intelligent driving domain, while also providing automotive electronic EMS and technical development services to customers. For a long time, key technologies in the five major functional domains of the whole vehicle have been dominated by international large automotive electronic manufacturers such as Bosch, Denso, and Continental. With the continuous improvement of the overall technical strength of local automotive electronic enterprises, some high-quality local automotive electronic enterprises represented by the company already have independent supporting capabilities in segmented fields, gradually breaking the monopoly of international large automotive electronic manufacturers in the core components field. According to statistics from the Gao Gong Intelligent Automotive Research Institute, in the 2024 Chinese market (excluding imports and exports), the company's market share of body BCM (including regional controllers) for domestic passenger cars is 25.50%, ranking first for three consecutive years, while the market share of front-loading standard remote physical keys for domestic passenger cars in China is 13.83%, ranking first, and the market share of front-loading standard cockpit and display screen assemblies for domestic passenger cars in China is 6.41%, ranking third. The company's products are compatible with well-known whole vehicle manufacturers and mainstream models. Currently, the company has entered the supply chain of independent brand whole vehicle manufacturers such as Chery Automobile, Chongqing Changan Automobile, Great Wall Motor, SAIC Motor Corporation, GEELY AUTO, BAIC Group, Dongfeng Automobile, as well as the supply system of new carmakers such as Ideal Automobile, Xiaopeng Automobile, LEAPMOTOR, and through providing automotive electronic EMS to Bosch and others, the products are finally matched with well-known whole vehicle manufacturers such as Volvo, Audi. After deducting the issuance expenses from the funds raised from this public offering of new shares, the funds will be invested in the following projects in order of priority: Financially, in the years 2022, 2023, and 2024, E-Trix achieved revenues of approximately 2.174 billion yuan, 3.008 billion yuan, and 3.468 billion yuan, respectively; during the same period, the net profits were approximately 94.144 million yuan, 197 million yuan, and 213 million yuan, respectively.