On April 11, the China Securities Regulatory Commission issued the “Approval on Agreeing to Register the Initial Public Offering of Shares by Hebei Keli Auto Equipment Co., Ltd.”
The Zhitong Finance App learned that on April 11, the China Securities Regulatory Commission issued the “Approval to Register the Initial Public Offering of Shares by Hebei Keli Auto Equipment Co., Ltd.” According to reports, Keli Co., Ltd. plans to be listed on the Shenzhen Stock Exchange GEM. The IPO sponsor is Changjiang Securities, which plans to raise 340.84 million yuan.
According to the prospectus, Keli Co., Ltd. is mainly engaged in R&D, production and sales of automotive glass assembly components. Its main products include windshield installation components, side window glass lifting components, corner window glass assembly components, and other automotive parts. It is widely used in the automotive glass field and is an important part of automotive glass assemblies.
After years of exploration and experience accumulation, the company has strong mold design and development capabilities, simultaneous product development capabilities, and overall product support design capabilities, and has formed a unique competitive advantage in technology.
The automotive glass industry is one of the most concentrated industries in the auto parts industry. The top four global automotive glass manufacturers Fuyao Glass, Ai Jiexu, Sheet Glass, and Saint-Gobain account for a total market share of more than 75%. Automotive glass assembly component products are an important part of automotive glass assemblies.
Since its establishment, Keli Co., Ltd. has focused on serving automotive glass customers, mainly engaged in R&D, production and sales of automotive glass assembly products, and has successfully entered the global supply chain system of the top four global automotive glass manufacturers Fuyao Glass, Ai Jiexu, Sheet Glass and Saint-Gobain; in addition, the company has actively expanded automaker customers and has successively become a qualified supplier for GAC Mitsubishi, Great Wall Motor, and Dongfeng Nissan, forming a good brand image and high market reputation in the industry.
In addition to being widely used in traditional automobile brands such as BMW, Benz, Audi, GM, Volkswagen, Toyota, Honda, Nissan, Mitsubishi, Ford, Chrysler, Volvo, Hongqi, Geely, Great Wall, BYD, GAC, Changan, Chery, Hyundai, Kia, Peugeot, Citroen, etc., they are also widely used in new energy vehicle brands such as Tesla, NIO, Ideal, Xiaopeng, Nana, WM, and Zero Sport.
The funds raised in this public offering will be invested in the following projects after deducting issuance fees:
On the financial side, in 2021, 2022, and 2023, Keli Co., Ltd. achieved operating income of about 293 million yuan, 406 million yuan, and 488 million yuan respectively; during the same period, the company achieved net profit of 63.5219 million yuan, 120 million yuan, and 142 million yuan respectively.