Otto Corporation's application for listing on the ChiNext board has been accepted. Its main product is an intelligent production line for white body welding.

On June 17th, Dalian Auto Co., Ltd. (referred to as Otto Co., Ltd.)'s IPO on the Shenzhen Stock Exchange's Growth Enterprise Market has been accepted. Guotai Haitong is the sponsor institution with plans to raise 1.1 billion yuan. The prospectus shows that Otto Co., Ltd. is mainly engaged in the research and development, production, sales, and services of intelligent production lines and equipment in industries such as automobiles and energy storage. Its main products include white body welding intelligent production lines, automobile assembly intelligent production lines, liquid flow battery intelligent production lines, and intelligent equipment. The company focuses on the intelligent equipment manufacturing industry for automobiles, centered around the high-end German automobile market, and has an international strategic layout covering equipment manufacturing, software development, system integration, and intelligent services supported by multiple key proprietary core technologies. It provides customized welding intelligent production line systems covering traditional steel body and lightweight aluminum body for global customers. In addition to supplying welding lines to world-renowned German automobile brands such as Mercedes-Benz, BMW, Volkswagen, and Audi, the company is also one of the first national enterprises to export brand automobile white body welding intelligent production lines overseas. The company is at the forefront of domestic substitution in white body intelligent equipment. Furthermore, based on its core technologies and industrialization in industrial automation, structural design, intelligent control, and system integration, the company continues to extend its industrial chain and layout in emerging tracks. By 2026, it has strategically entered the field of body intelligence and is developing and industrializing related equipment and scenario-based solutions, cultivating new business growth points and expanding the boundaries of the intelligent manufacturing industry. During the reporting period, the company's main operating income structure by product type was as follows: The company's customers in the automotive industry mainly consist of globally renowned top-tier car manufacturers. Domestic customers include Beijing Benz, Huachen BMW, FAW Volkswagen, SAIC Volkswagen, Anhui Volkswagen, Tesla, Jianghuai (Zunjie), NIO, Xiaomi, LEAPMOTOR, and IDEAL, while overseas customers include Mercedes-Benz, BMW, AUDI, Tesla, and Mercedes-Benz USA. In each reporting period, the sales income from the top five customers accounted for a high proportion of the operating income at 87.86%, 75.90%, and 80.63% respectively. This is mainly due to the high concentration of downstream industries in the automotive industry and the company's large and sustainable orders from car manufacturers and new energy vehicle companies, leading to a high customer concentration. The funds raised this time will be invested in the main business after deducting issuance expenses and are planned to be invested in the following projects based on urgency: Financially, the company is expected to achieve operating incomes of approximately 1.536 billion yuan, 1.705 billion yuan, and 1.518 billion yuan in the years 2023, 2024, and 2025 respectively. During the same period, the net profits are expected to be approximately 24.9583 million yuan, 65.8074 million yuan, and 112 million yuan respectively.