Tianyouwei Electronics has announced its intention to list on the Shanghai Stock Exchange's main board, offering shares at a price of 93.5 yuan each, aiming to secure a total of 3.74 billion yuan in funding. The company specializes in the research and development of automotive instruments and other electronic products, serving notable clients such as Hyundai Motor Group and BYD. Despite consistent revenue and net profit growth during the reporting period, Tianyouwei's business remains heavily dependent on Hyundai Motor Group. The funds raised will be allocated to projects including smart factories and smart cockpit production bases. Considering the typically high returns on new share subscriptions in the A-share market, investors are encouraged to actively participate in the subscription process.
