AITEX Shanghai Stock Exchange IPO submits registration to become the industry-leading provider of automotive electronic intelligent solutions.

On January 23, Wuhu ETAK Automotive Electronics Co., Ltd. (referred to as ETAK) applied for a change in the IPO review status of the Shanghai Stock Exchange main board to "submitted for registration." Huatai United Securities is its sponsoring institution, with plans to raise 1.5 billion yuan. The prospectus shows that ETAK is a leading provider of automotive electronic intelligent solutions, mainly engaged in the research and development, production, and sales of automotive electronic products in the fields of vehicle body, intelligent cabin, power domain, and intelligent driving domain. They also provide automotive electronic EMS and technical development services to customers. After years of development, the company has established a complete business system from product design, testing, verification to mass production and delivery, and has accumulated rich experience in the development and industrialization of automotive electronic products. Since its establishment, the company has always focused on the automotive electronic field, building a complete business system from product research and development, testing, verification to mass production and delivery. It has formed a product layout covering four major functional domains: vehicle body, intelligent cabin, power domain, and intelligent driving domain. After many years of industry cultivation, the company has strong core competitiveness in product development, technological innovation, production scale, product quality, and service responsiveness, effectively meeting the product customization development and industrialization needs of complete vehicle manufacturers. For a long time, key technologies in the five major functional domains of complete 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 domestic automotive electronic enterprises, some high-quality domestic automotive electronic enterprises represented by the company have independently developed capabilities in specific fields, gradually breaking the monopoly of international large automotive electronic manufacturers in core component areas. According to the statistics of the Gao Gong Intelligent Automobile Research Institute, in the 2024 China market (excluding imports and exports), ETAK's share of the OEM front assembly standard body (domain) controller (including regional controllers) for domestic brand passenger cars is 25.50%, ranking first for three consecutive years. ETAK also ranks first in the OEM front assembly standard remote physical key share for passenger cars in the Chinese market at 13.83%. In addition, in the Chinese market, ETAK ranks third in the OEM front assembly standard cabin area and display assembly share for domestic brand passenger cars at 6.41%. The company's products support well-known complete vehicle manufacturers and mainstream models. Currently, ETAK has entered the supply systems of domestic brand complete vehicle manufacturers such as CHERY AUTO, Chongqing Changan Automobile, Great Wall Motor, SAIC Motor Corporation, GEELY AUTO, BAIC Group, Dongfeng Motor, as well as emerging car makers like NIO, XPENG, LEAPMOTOR, and provides automotive electronic EMS to companies like Bosch, with products ultimately being used by well-known complete vehicle manufacturers such as Volvo and Audi. The industry status and representativeness of the company are reflected in customer recognition. After deducting the issuance expenses, the proceeds from this public offering of new shares will be invested in the following projects in order of priority: In terms of finances, the company achieved operating income of approximately RMB 2.174 billion, RMB 3.003 billion, RMB 3.467 billion and RMB 1.522 billion in the fiscal years 2022, 2023, 2024 and January to June 2025, respectively. During the same period, the company's net profits were approximately RMB 94.096 million, RMB 194 million, RMB 212 million, and RMB 92.4703 million respectively.