DM Electronic submits IPO registration to the Shanghai Stock Exchange, focusing on the field of automotive electronic components.

On July 18th, Da Ming Electronics Co., Ltd. (referred to as Da Ming Electronics) applied for the status change of the IPO review on the Shanghai Stock Exchange main board to "submitted for registration". Guotai Haitong is its sponsoring institution, aiming to raise 400 million yuan. The prospectus shows that Da Ming Electronics focuses on the automotive electronic components supporting field, and is a comprehensive solution provider specializing in the design, development, production, and sales of automotive body electronic control systems. The company's main products include driving assistance systems, cockpit central control systems, intelligent optoelectronic systems, door and window control systems, and seat adjustment systems. Due to the different downstream vehicle models, the company's products have the characteristics of variety, complexity in structure, and high degree of customization, with different requirements for product structure design, processing technology, and performance indicators. Da Ming Electronics has long been involved in the development of parts for automobile manufacturers, and has established stable cooperative relationships with major domestic independent brand automobile manufacturers such as Chongqing Changan Automobile, SAIC Motor Corporation, FAW Group, BYD Company Limited, GEELY AUTO, Great Wall Motor, Chongqing Sokon Industry Group Stock, Anhui Jianghuai Automobile Group Corp., Ltd., NIO, and IDEAL AUTO i. Da Ming Electronics has successfully entered the supply chain system of well-known foreign brands such as Ford, Toyota, and Scania. During the reporting period, Da Ming Electronics actively laid out in the field of new energy vehicles, and its products have been successfully applied to a variety of new energy vehicle models from brand such as BYD Company Limited, SAIC Roewe, FAW Hongqi, AITO Wanjie, Deep Blue, and AVITA. Additionally, the company continuously conducts research on cutting-edge technologies in the industry, actively adapts to the development trend of new energy vehicles and intelligent vehicles, enhances the application of cutting-edge technologies, improves the visual effects of products, strengthens the functionality and comfort of automotive parts, and promotes products that align with market trends and achieve iterative upgrades. After deducting issuance expenses, the funds raised in this issue are planned to be used for the following investment projects: In terms of finances, Da Ming Electronics is expected to achieve operating income of approximately 1.713 billion yuan, 2.147 billion yuan, and 2.727 billion yuan in 2022, 2023, and 2024 respectively; during the same period, the company is expected to achieve net profits of approximately 151 million yuan, 205 million yuan, and 282 million yuan respectively.