China’s automotive electronics supplier, Jingwei Hirain’s IPO application has gone through the listing committee and is expected to start trading on the Science and Technology Innovation Board of the Shanghai Stock Exchange.
Main productsIntelligent driving electronic products Advanced driver-assistance system ADAS, driver monitoring system DMS, autonomous driving domain controller ADCU, lidar integration system ILS, on-board high-performance computing platform HPC2.5, 4D imaging radar, 4D millimeter-wave radar Intelligent connectivity electronic products Telematics box T-Box, gateway controller GW, 5G V2X T-Box Body and comfort domain electronic products Anti-pinch control unit APCU, body control module BCM, passive entry and passive start system PEPS, body domain controller BDCU, power liftgate module PLGM, door domain controller DDCU, seat control module SCM, central computing platform CCP, zone control unit ZCU, digital key system BLE/UWB Chassis control electronic products Electric power steering system EPS, electronic parking brake system EPB, integrated brake assist system IBAS, chassis domain controller CDC, steer-by-wire system SbW New energy and powertrain electronic products Vehicle control unit VCU, DC-DC power module, battery management system BMS, integrated power unit IPU, motor control unit MCU, intelligent actuator unit IAU, on-board charger OBC Smart cockpit electronic products On-board camera CAM, vehicle ambient lighting system (VALS), smart cockpit sensing system SCSS, adaptive driving beam system ADB, overhead light controller OHC, augmented reality head-up display AR-HUD, adaptive front-lighting system AFS, camera monitoring system CMS Automotive electronic product development services Intelligent connected vehicle ISO 26262 functional safety development solution, vehicle EMC forward development and simulation, intelligent connected vehicle safety of the intended functionality (SOTIF) development solution
Main productsStorage battery
Beijing (Gasgoo)- China’s automotive electronics supplier, Jingwei Hirain’s IPO application has gone through the listing committee and is expected to start trading on the Science and Technology Innovation Board of the Shanghai Stock Exchange.
Jingwei Hirain (Jiangsu); photo credit: Jingwei Hirain
The records showed that the company’s IPO would not be more than 30 million shares, accounting for 25% of the total stock issued after launch. Per the prospectus, Jingwei Hirain aims to raise RMB5 billion ($782.7 million) to construct its Nantong automotive electronics manufacturing base and its Tianjin R&D center and elevate its general operations.
Founded in 2003, Jingwei Hirain is a comprehensive electronic system technology service provider, offering products, R&D, and solutions for automobiles, advanced equipment, crewless transportation, and the advanced intelligent driving aspects.
The company’s expertise has won over numerous companies in the automotive industry, including major automakers such as SAIC Group, FAW Group, GAC Group, Geely Auto, and Chery Auto, China’s auto startups like NIO, XPeng Inc., and Human Horizons, global players such as Navistar, Inalfa, and BorgWarner.
According to the company’s financial reports, in 2020, Jingwei Hirain’s annual revenue amounted to RMB2.479 billion ($388 million), with a RMB73.69 million ($11.54 million) net profit. During the first half of 2021, the company managed a RMB1.378 billion ($215.71 million) revenue, with a RMB27.34 million ($4.28 million) net profit.
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