Yadi and Aima supplier Gaobiao Technology's IPO on the Growth Enterprise Market has been accepted, becoming a global leader in short-distance transportation controllers.

On June 18, Guangdong Gaobiao Intelligent Technology Co., Ltd. (Gaobiao Technology) has its IPO on the Shenzhen Stock Exchange SME Board accepted. Zhongjin is its sponsor institution, with plans to raise 1.05116 billion yuan. The prospectus shows that Gaobiao Technology is a provider focused on the research and development, manufacturing, and system solution of intelligent electric drive systems for short-range electric transportation vehicles. The company focuses on core products such as intelligent controllers, E-bike electric drive systems, and integration, providing integrated solutions from key components to system integration based on its key technological accumulation in the field of motion control, drive, and transmission. Having been deeply involved in the field of short-range electric transportation vehicle electric drive for over twenty years, the company has accumulated profound technical industrial experience and holds a prominent position in the industry market. According to Frost & Sullivan data, the company holds approximately 20.7% market share in the global short-range electric transportation vehicle motion controllers by 2025. The company has built a diversified product matrix around short-range electric transportation vehicle electric drive systems: the intelligent controller as the "brain" of the vehicle is responsible for power output management and core unit of vehicle function control. The company is one of the earliest enterprises to enter the short-range transportation controller field in China. After many years of deep cultivation, it has formed a comprehensive product matrix covering various types and computational powers of electric bicycles, electric light motorcycles, electric motorcycles, electric tricycles, and electrically assisted bicycles (E-bikes). The E-bike electric drive system is the core powertrain of E-bikes, integrating various components core to the center motor and control unit, directly affecting the entire vehicle's riding experience, power performance, and handling feel. With a solid foundation in the field of electronic control, the company independently developed center motors using lightweight and high-power density design, featuring high torque density, high system efficiency, and reaching industry-leading performance levels. In addition, the company's products include high-energy-density batteries, intelligent fast chargers, on-board instruments, and other supporting components, forming a complete center system solution and possessing the capabilities of system integration from core components to complete E-bikes. With excellent product performance, the company has established cooperation with well-known Chinese brands such as Jiahong Aventon, Xunlu Tarran, and MILOO, both domestic and overseas, to deepen product global presence through continuous service to high-quality customers. During the reporting period, the company's main business income composition is as follows: The company adheres to independent research and development and technological innovation, with rich technological achievements and significant industrial transformation effects. The company has formed a series of core technologies around full-stack intelligent control algorithms, center motors and system integration, and scale agile smart manufacturing in the field of short-range electric drive. As of March 31, 2026, the company has 227 domestic patents, 23 overseas patents, 62 software copyrights, and has taken part as the main drafting unit in the formulation or revision of over ten national standards, industry standards, and group standards. With leading technological strength, the company has been recognized as a national high-tech enterprise, a national level specialized and new "small giant" enterprise, and the Guangdong provincial manufacturing single champion. Through continuous technological innovation and stable product performance, the company has established long-term stable cooperation relationships with domestic leading customers such as Yadi, Aima, Tianling, emerging brands such as Jiuhao, Xiaoniu, and well-known electric motorcycle manufacturers such as Zhejiang CFMOTO Power, Wuyang Honda. The company has also continuously optimized its customer structure and increased its market influence by bulk shipping to Southeast Asian clients such as VinFast and Uwinfly. In terms of financials, in the years 2023, 2024, and 2025, the company achieved operating income of approximately 1.248 billion yuan, 1.436 billion yuan, and 2.071 billion yuan respectively; during the same period, the net profit was approximately 85 million yuan, 92 million yuan, and 182 million yuan respectively.