A-share Subscription | JieFeng Power (920269.BJ) has opened for subscription, covering well-known automotive manufacturing enterprises both domestically and internationally.

On August 26, JieFeng Power (920269.BJ) began its application for subscription, with an issue price of 30.7 yuan per share, a subscription limit of 444,900 shares, and a price-to-earnings ratio of 12.98 times. It is listed on the Beijing Stock Exchange, with Guotou Securities as its sponsoring institution. According to the prospectus, JieFeng Power primarily engages in the research and development, design, production, and sales of core automotive components, focusing on automotive exhaust systems and power systems. It mainly serves as a primary supplier, directly providing products to vehicle manufacturers, with its main clients being well-known domestic and international automobile manufacturing companies. JieFeng Power's main products include exhaust system components (such as mufflers and catalytic converters) and power system components (including phasers, OCV electromagnetic valves for engines, as well as accumulators, solenoid valves, and solenoids for automatic transmissions). The companys customer base includes renowned automobile manufacturers both domestically and abroad, such as CHERY AUTO, SAIC Motor Corporation, GEELY AUTO, Volkswagen, BYD Company Limited, Dongfeng Motor, and Anhui Jianghuai Automobile Group Corp., Ltd. In terms of finance, for the years 2023, 2024, and 2025, the company projects operating revenues of approximately 1.707 billion yuan, 2.1 billion yuan, and 2.373 billion yuan, respectively; during the same period, it expects to achieve net profits of approximately 131 million yuan, 145 million yuan, and 147 million yuan.