The application for the IPO of Yingte Mo has been accepted, making it a leading domestic research and development testing manufacturer for power systems.

On June 5th, Suzhou Intemotech Technology Co., Ltd. (referred to as "Intemotech") IPO on the Shenzhen Stock Exchange ChiNext has been accepted. Huatai United Securities is its sponsoring institution, and the company plans to raise 1 billion yuan. According to the prospectus, Intemotech was established in 2014 and is a leading domestic comprehensive service provider for power system R&D testing. It mainly provides one-stop comprehensive R&D testing services and R&D testing equipment for vehicle manufacturers and power system manufacturers. Intemotech has achieved breakthroughs in the localization of high-end R&D testing services and equipment, filling the gaps in the R&D testing capabilities of the automotive industry chain in China. The company relies on its independently developed core technology system, forming a one-stop testing service capability covering the entire development cycle of power systems. Its business has expanded from the traditional automotive field to strategic national areas such as shipbuilding, aviation, low-altitude economy, and computing centers, deeply empowering multiple industries for power and energy system upgrades and transformations. The company focuses on the R&D, production, and sales of power system R&D testing services and equipment, establishing a full-process testing service system covering prototype functional testing, hand-sample design verification, and batch sample product verification. It provides one-stop R&D testing solutions for top vehicle manufacturers at home and abroad such as BYD, Ideals, Xiaomi, NIO, BMW, Mercedes-Benz, as well as well-known power system and component manufacturers like Bosch, Continental, and Weichai Power. It has built a solid customer base and market reputation. In the field of new energy, the company has established one-stop testing capabilities from components, subsystems, and assemblies to complete vehicles, covering both pure electric and hybrid powertrain technologies. The testing objects include components such as motor stator, motor rotor, and semiconductor power modules of motor controllers; subsystems such as drive motors, motor controllers, reducers, on-board chargers (OBCs), DC-DC converters, range extenders; the assembly level includes power systems (covering pure electric drive systems and hybrid power systems) and thermal management systems, as well as complete vehicles including pure electric vehicles and hybrid electric vehicles. In the fuel sector, the company's testing objects include engines, transmissions, powertrains, and fuel vehicles. Conventional engine testing parameters include engine power, torque, speed, fuel consumption, fuel temperature, lubricating oil pressure and temperature, intake and exhaust pressure and temperature, etc. The company's engine test bench covers a power range of 50kW-5000kW, including gasoline and diesel engines, covering applications such as passenger vehicles, commercial vehicles, construction machinery, ship power, and large generator sets. The company has provided R&D testing services for leading engine manufacturers such as Weichai Power, Yuchai, Cummins, and Shanghai New Power. In the low-carbon and zero-carbon field, the testing capabilities established by the company cover two technology directions: alternative fuel internal combustion engines and fuel cell power systems. The testing capabilities for alternative fuel internal combustion engines cover low-carbon and zero-carbon fuel internal combustion engines such as natural gas, methanol, hydrogen, ammonia, and hydrogen-ammonia blends. The testing capabilities for fuel cell power systems cover fuel cell engines as well as cathode and anode systems. Intemotech stated that the funds raised in this round will mainly be used for investment in the following projects: In terms of finances, in 2023, 2024, and 2025, the company is expected to achieve operating income of approximately 381 million yuan, 421 million yuan, and 667 million yuan, respectively. During the same period, the company is expected to record net profits of approximately 50.87 million yuan, 24.79 million yuan, and 93.57 million yuan.