On April 24, Changchun Jieyi Automobile Technology Co., Ltd. (abbreviation: Jieyi Technology) changed the IPO review status to “terminated” on the main board of the Shanghai Stock Exchange.
The Zhitong Finance App learned that on April 24, Changchun Jieyi Automobile Technology Co., Ltd. (abbreviation: Jieyi Technology) changed the IPO review status to “terminated” on the main board of the Shanghai Stock Exchange. Injet Technology and its sponsor withdrew its issuance and listing application. According to the relevant provisions of Article 63 of the “Shanghai Stock Exchange Stock Issuance and Listing Review Rules”, the Shanghai Stock Exchange terminated its issuance and listing review.
According to the prospectus, Jieyi Technology is mainly engaged in R&D, production and sales of automotive electrical connection systems. Its main products continue to expand from low-voltage wiring to high-voltage wiring harnesses, intelligent charging systems, etc. In addition, the company's business also includes functional interior parts.
In recent years, Jieyi Technology has accurately grasped industry development opportunities. With its technical accumulation and industry experience in the field of electrical connection systems, product applications have expanded in depth from fuel vehicles to the field of new energy vehicles, and has achieved multi-dimensional iteration from low voltage to high voltage, from low speed to high frequency and high speed, from the vehicle body to complex integration, and from assembly to customization of key components.
In the domestic market, the company's downstream customers include major autonomous, joint venture and foreign brands such as China FAW, BMW Group, and Geely Group. At the same time, it has successfully entered the supply chain systems of mainstream new energy companies such as BYD, Ideal Auto, Hezhong New Energy, Zero Sports Auto, and Chinese Express.
In overseas markets, the company actively implemented the “going global” strategy, participated widely in competition in the global automotive supply chain market, became the exclusive global supplier of charging guns for all new energy models of the BMW Group, and was the first to achieve major breakthroughs in the industry.
The company's main suppliers include internationally renowned companies such as Leoni Electric, Tyco Electronics, Fox Group, and Amboff. The main raw materials purchased include wires, terminals, connectors, etc. The company mainly uses a production model combining “production by sales” and “safety inventory”, and efficiently mobilizes resources to meet customer needs through information tools such as ERP and MES systems.
The net amount of funds actually raised by the company after deducting issuance fees will be used for projects related to the company's main business, as follows:
On the financial side, in 2020, 2021, and 2022, Jieyi Technology achieved operating income of 1,075 million yuan, 1,133 million yuan, and 1,268 million yuan respectively; in the same period, the company achieved net profit of 287 million yuan, 333 million yuan, and 199 million yuan respectively.