Unit Power focuses After ducting the issuance expenses, the funds rais in this round will be us for the production and
construction of core components for new energy vehicles, the construction of R&D centers and
platform R&D projects, digital system construction projects, and to supplement operating capital.
In the process of evolution from fuel vehicles to electric mozambique email list 150000 contact leads vehicles, the power components of the vehicle have undergone revolutionary changes.
Among them, the “big three electrics” of electric vehicles, namely electronic control, motor, and
battery, play the functions of core components such as engines and gearboxes in traditional fuel
vehicles, and have an important impact on the driving performance
Service life, driving safety and comfort of the entire vehicle.
Unit Power’s main products include core use copying or reprinting of site components of the power system, such as electric drive
systems ( electronic control, motors , threeinonemultiinone drive assemblies) and power systems
(onboard chargers, DCDC converters, twoinonethreeinone power assemblies).
Image source: Prospectus
Specifically, in 2021, 2022, 2023 and the first half of 2024 (referr to as the “reporting period”), the electric drive system business contribut more than 80% of Unit Power’s revenue , accounting for a large proportion; the revenue share of the power system business increas, but was still within 17%.
In recent years, with the rapid growth in sales of new energy vehicles and the annual increase in the penetration rate of new energy vehicles, Unit Power’s revenue scale has continu to grow.
According to data from the China Association of Automobile Manufacturers
My country’s production and sales of new energy vehicles will reach 12.888 million and 12.866 million
respectively in 2024, and the sales of new energy vehicles will reach 40.9% of the total sales of new vehicles.
During the reporting period, Unit Power’s revenue liechtenstein number was approximately RMB 2.9 billion, RMB 5.027
billion, RMB 9.365 billion and RMB 6.055 billion, respectively. The compound growth rate of operating income from 2021 to 2023 was close to 80%; the corresponding net profits were RMB 250 million, RMB 180 million, RMB 186 million and RMB 285 million, respectively. The company turn losses into profits in 2023 Unit Power focuses.