Tianbo Intelligent's IPO on the Shanghai Stock Exchange Main Board passes the listing committee meeting for the manufacturer of car thermal management system components.

On June 12th, Tianbo Intelligent Technology (Shandong) Co., Ltd. (referred to as Tianbo Intelligent) passed the listing committee meeting of the Shanghai Stock Exchange main board. The IPO sponsor is China Securities Co., Ltd., with a planned fundraising of 2.057 billion yuan. The prospectus shows that Tianbo Intelligent is a well-known manufacturer of automotive thermal management system components in the industry, and has expanded its business into automotive acoustic components. The company's main products are mainly used in the automotive field. With decades of industry experience and accumulation, the company's customers cover most domestic main car manufacturers, having extensive and high-quality customer resources and strong brand influence. By 2025, the top ten auto enterprises in China in terms of sales volume are all current customers of the company. In the field of energy storage, AI data center servers, and other non-automotive sectors, the company's thermal management products have also been expanding in recent years, establishing partnerships with some well-known companies in the industry. The company has long been focusing on automotive temperature control components represented by thermostats and smart water valves, automotive sensing components represented by temperature sensors, and automotive acoustic components represented by AVAS products, with outstanding industry and market positions. The company's main products include temperature control components, sensor components, acoustic components, and switch components, as well as a small amount of automotive spring and valve components to meet customers' one-stop procurement needs. During the reporting period, the company's main business income by product classification is as follows: Financially, in 2023, 2024, and 2025, the company achieved operating income of approximately 1.27 billion yuan, 1.693 billion yuan, and 1.961 billion yuan respectively; during the same period, net profit was approximately 117 million yuan, 332 million yuan, and 361 million yuan respectively.