Aitak Stock Exchange IPO approved by the Listing Committee. Clients include CHERY AUTO, Chongqing Changan Automobile, etc.

On January 20th, Wuhu E-TEK Automotive Electronics Co., Ltd. (referred to as E-TEK) passed the listing committee meeting of the Shanghai Stock Exchange main board. The sponsor of the IPO is Huatai United Securities, with a planned fundraising of 1.5 billion yuan. According to the prospectus, the company is a leading provider of automotive electronic intelligent solutions, mainly engaged in the research and development, production, and sales of automotive electronic products in areas such as vehicle body, intelligent cockpit, power domain, and intelligent driving domain, while also providing automotive electronic EMS and technology development services to customers. After many years of development, the company has established a complete business system from product design, testing and verification to mass production and delivery, and has accumulated rich experience in the development and industrialization of automotive electronic products. With over twenty years of development, the company has accumulated a large customer base including independent brand vehicle manufacturers, new energy vehicle manufacturers, and automotive parts manufacturers, such as CHERY AUTO, Chongqing Changan Automobile, Great Wall Motor, SAIC Motor Corporation, GEELY AUTO, BAIC Group, Dongfeng Motor, IDEAL AUTO, Xpeng Motors, LEAPMOTOR, and providing automotive electronic EMS to companies like Bosch, with products ultimately matching well-known vehicle manufacturers such as Volvo and Audi. For a long time, the key technologies and markets of the five major functional domains of vehicles have been dominated by international large automotive electronic manufacturers such as Bosch, Denso, and Continental. With the continuous improvement of the overall technical strength of local automotive electronic companies, some high-quality local automotive electronic companies represented by the company already have independent supporting capabilities in specific fields and have gradually broken the monopoly of international large automotive electronic manufacturers in the core component field. According to the statistics of the Gao Gong Intelligent Automobile Research Institute, the company's market share in the 2024 Chinese market for front-loaded body controllers (including regional controllers) for independent brand passenger cars is 25.50%, ranking first for three consecutive years; the market share for front-loaded remote physical keys for passenger cars in the Chinese market is 13.83%, ranking first; the market share for front-loaded cockpit and display assemblies for independent brand passenger cars in the Chinese market is 6.41%, ranking third. In terms of financials, in the 2022, 2023, 2024, and January-June 2025 periods, the company achieved operating income of approximately 2.174 billion yuan, 3.003 billion yuan, 3.467 billion yuan, and 1.522 billion yuan respectively; during the same period, the company's net profit was approximately 94.0962 million yuan, 194 million yuan, 212 million yuan, and 92.4703 million yuan respectively.