Weitongli's Shenzhen Stock Exchange main board IPO passed the listing committee meeting to raise nearly 1,594 billion yuan

The Zhitong Finance App learned that on December 30, Beijing Weitongli Electric Co., Ltd. (abbreviation: Weitongli) passed the Shenzhen Stock Exchange Main Board Listing Committee meeting. As the sponsor, Zhongtai Securities plans to raise 1,593.74 billion yuan.

According to the prospectus, Vitongli's main business is R&D, production and sales of a series of chemical and electrical connection products such as hard connections, flexible connections, contact components, laminated busbars and CCS, as well as products such as synchronous decomposers. The company is committed to providing customers in various fields around the world with high-performance electrical connection products and product portfolio solutions that meet their individual needs, making electrical connections safer, more reliable, greener and more intelligent.

Vitori focuses on serving middle and high-end customers of electrical connection products, and the products have been widely recognized by mainstream customers in various application fields. In the field of power and electrical engineering, products supply Siemens, Schneider, ABB, Hitachi Energy, GE, etc.; in the field of new energy vehicles, products supply BYD, Strantis, Zero Sports, China Airlines, Sunwoda, Honeycomb Energy, Funeng Technology, etc.; in the field of wind storage, products supply Goldwind Technology, Mingyang Intelligence, Weidi Technology, Sunshine Power, Sony Electric, Singpoint Energy, Delta Electronics, etc.; in the field of rail transit, products supply CRRC, Westinghouse Brake, Alstom, etc. The above customers are all leading companies in their industry or the world's top 500 companies.

The main business revenue and composition by product for each period of the reporting period are as follows:

On the financial side, in 2022, 2023, and 2024, Weitongli's revenue was approximately RMB 1,437 million, RMB 1,699 million, and RMB 2,390 million respectively; for the same period, net profit was approximately RMB 115 million, RMB 186 million, and RMB 271 million, respectively.