CSRC approves Tianbo Intelligent to list on the Shanghai Stock Exchange Main Board IPO.

On July 9th, the China Securities Regulatory Commission issued the approval for the initial public offering of Tianbo Intelligent Technology (Shandong) Co., Ltd. It is reported that Tianbo Intelligent plans to list on the Shanghai Stock Exchange main board, with China Securities Co., Ltd. as the sponsor institution, aiming to raise 2.057 billion yuan. According to the prospectus, Tianbo Intelligent is a well-known manufacturer of automotive thermal management system components in the industry, and has expanded into automotive acoustic components and other businesses. The company's main products are mainly used in the automotive field, focusing on temperature control components represented by thermostats and smart water valves, sensor components represented by temperature sensors, and automotive acoustic components represented by AVAS products, among others, and has a prominent industry and market position. The company's main products include temperature control, sensor, acoustic, and switch components, and also operates a small amount of automotive spring and valve components to meet customers' one-stop procurement needs.