Fertile Corporation's IPO on the Shanghai Stock Exchange has been "inquired", and in 2024, the sales volume of passenger car gasoline engine turbochargers in the domestic market ranked second.

On July 18, Ningbo Fengwo Turbocharging Technology Co., Ltd. (hereinafter referred to as Fengwo Turbocharging) applied for a change in the status of its application for listing on the main board of the Shanghai Stock Exchange to "under inquiry," with CITIC SEC as its sponsor institution, planning to raise 656 million yuan. According to the prospectus, Fengwo Turbocharging's main business is research, development, manufacturing, and sales of turbochargers, as well as expansion into the field of electric turbochargers and core components of air suspension. The company's products mainly target the automotive OEM market, and are used in various passenger car gasoline engines and hybrid powertrains. Since its establishment, the company has always focused on turbocharger products, concentrated on the passenger car market, adhered to customer-oriented requirements, continued to develop and iterate, established a rapid response mechanism to meet the demands of OEMs for product, quality, and new product supply, and has become a core component supplier to well-known vehicle manufacturers such as Chery Group, Geely Group, Guangzhou Automobile Group, BYD Company Limited, Chang'an Group, breaking the monopoly of international giants in the domestic gasoline engine turbocharger market. Since 2022, the company's market share and ranking have continued to rise. In 2024, the company's sales of turbochargers for passenger car gasoline engines reached 2.2122 million units, accounting for 15.3% of the national market share for passenger car gasoline engine turbochargers, ranking second in the domestic market and first among domestic enterprises. With over ten years of continuous technological development and production experience, the company has accumulated rich patents and non-patent technologies, forming core technologies such as high cost-effective turbocharger development technology, variable nozzle ring technology, high-performance electric compressor development technology, turbocharger NVH control technology, high-performance exhaust gas bypass technology, etc. The company has the capability to design overall matching solutions with OEMs, synchronous research and development, and automation production, and has earned high recognition from customers in product development, production management, quality control, delivery speed, etc. The company's product matrix is diverse, with developed turbocharger products suitable for different models of fuel vehicles and hybrid vehicles; at the same time, based on compressor end technology, the company has developed electric compressors specifically for new energy hybrid models and air suspension components that can be used in pure electric vehicle models, achieving full coverage of passenger car scenarios. During the reporting period, in the fiscal years 2022, 2023, and 2024, the company's operating income was approximately 1.399 billion yuan, 1.598 billion yuan, and 2.067 billion yuan respectively; during the same period, the net profits were approximately 119 million yuan, 130 million yuan, and 204 million yuan respectively.