A graphical interpretation: Haiwei Electronics is going public in Hong Kong, focusing on the capacitor film market in China, with BYD as its largest customer.

Recently, Haiwei Electronics submitted an IPO prospectus to the Hong Kong Stock Exchange, planning to list on the Main Board, with China International Capital Corporation serving as the exclusive sponsor.

Haiwei Electronics focuses on the capacitor film market in China. With its industry experience and technical capability, Haiwei Electronics has a leading advantage in the Chinese capacitor film industry. According to data from Ζhongshi Consulting, in 2023, based on sales volume of capacitor base films, Haiwei Electronics is the largest capacitor film manufacturer in China. The capacitor film products from Haiwei Electronics mainly include capacitor base films and metallized films. These products are key components of film capacitors, which are known for their excellent voltage resistance, high-frequency stability, and long lifespan. The end application scenarios for film capacitors are wide-ranging, including new energy vehicles, new energy power systems, industrial equipment, and household appliances.

In terms of performance, as of September 30, 2024, for the nine months ended, Haiwei Electronics recorded revenue of approximately 0.282 billion yuan (the same unit hereafter), a year-on-year increase of approximately 29.5%; net income of approximately 56.966 million yuan, a year-on-year increase of approximately 21.2%.

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