A-share subscription | TungBao Optoelectronics (920168.BJ) opens for subscription as a manufacturer of automotive electronic components

On February 9, Tongbao Optoelectronics (920168.BJ) started its subscription with an issue price of 16.17 yuan per share, a subscription limit of 845,700 shares, a P/E ratio of 14.99, listed on the Northern Exchange, with Soochow as its sponsoring institution. According to the prospectus, the company is positioned as a manufacturer of automotive electronic components, with main business operations in the research, development, production, and sales of automotive lighting systems, electronic control systems, energy management systems, and other automotive electronic components. The company's automotive lighting system is the cornerstone of its business, serving well-known automobile manufacturers and parts suppliers. The company's automotive lighting products have been used in popular models of brands such as SAIC-GM-Wuling, GAC-Aiways, GAC Trumpchi, Dongfeng Nissan, and SAIC Volkswagen, establishing a good market reputation and brand image. Building on its automotive lighting system business, the company is continuously exploring new automotive electronics sectors through technological innovation. By focusing on EPS controllers, the company successfully entered the electronic control system field in 2022 and continuously developed and reserved new products such as body domain controllers. In the energy management system field, the company's CDU charging and power distribution assembly is set to enter mass production stage in 2024, with charging gun products already secured for project deployments and further iterations and optimizations planned to enhance business scale. The company has long placed high importance on technological research and product innovation, resulting in numerous innovative achievements and awards. As of the end of the reporting period, the company has obtained a total of 79 patents, including 18 invention patents, and has taken the lead in drafting industry standards such as the "Automotive Light Emitting Diodes (LED) and Modules" (QC/T1038-2016). The company has been recognized as a national "Specialized, Specialized, and New" small giant enterprise, and awarded honors such as "Jiangsu Province Designated Industrial Design Center," "Jiangsu Province Designated Enterprise Technology Center," "Jiangsu Province Automotive LED Module Engineering Research Center," "China National Accreditation Committee Laboratory Accreditation Certificate (CNAS)," "Advanced Intelligent Factory in 2025 in Jiangsu Province," "Jiangsu Province Industrial Internet Benchmark Factory," "Demonstration Intelligent Workshop in Jiangsu Province," "Changzhou City Digital Economy Demonstrative Enterprise," "Changzhou City Green Factory," and others. The company's automotive LED lamp module product was included in Jiangsu Province's key promotion application for new technology and products in 2024. In the future, the company will leverage its mature business resources in technology, customers, and brand to actively explore the diverse demands of the automotive market, develop diversified automotive electronic components, continuously enhance the value contribution per vehicle, and ensure the company's sustainable and healthy development. In terms of finance, in 2022, 2023, 2024, and January-June 2025, the company achieved operating revenues of approximately 390 million yuan, 529 million yuan, 588 million yuan, and 329 million yuan, respectively; and net profits of approximately 36.69 million yuan, 62.25 million yuan, 83.09 million yuan, and 33.45 million yuan, respectively.