China’s automotive electronics suppler, Beijing Jingwei Hirain Technologies Co., Ltd. announced today that the company will start public trading on April 19th, at the STAR Market 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, Beijing Jingwei Hirain Technologies Co., Ltd. announced today that the company will start public trading on April 19th, at the STAR Market board of the Shanghai Stock Exchange.
Photo credit: Hirain Technologies
Under the name JingweiHengrun and the code 688326, the company’s IPO price is set at RMB121.00/share ($18.98), with total equity of 120 million shares. A sum of 23,366,448 shares is preliminary stage trading shares without limited conditions, accounting for 19.47% of the total equity.
Hirain Technologies is dedicated to providing electronics, R&D, and solutions for the automotive, advanced equipment, and autonomous transport industries. The company’s experience and achievements have attracted numerous well-known enterprises in the auto industry, including NIO, XPeng, FAW Group, SAIC Motor, and Tier1 suppliers like Valeo, Aptiv, Magna, Inalfa, and many others.
According to the company’s IPO prospectus, the fund raised will be put towards the construction of its Nantong automotive electronics manufacturing base and its Tianjin R&D center. The rest will be used to further the company’s digitization capability, and supplement its liquidity.
According to Hirain Technologies’ report, its annual revenue amounted to RMB3.262 billion ($511.75 million) in 2021, resulting in an attributable net profit of RMB146 million ($22.9 million).
However, the company’s earnings forecast was not as prominent as a year ago. From January to March, Hirain Technologies projected a quarterly revenue of RMB660-720 million ($103.54-112.96 million), with an attributable net loss of RMB40-20 million ($6.28-3.14 million).
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