New energy commercial vehicle electric drive system supplier Green Control Transmission (301655.SZ) plans to go public on GEM IPO

According to the Zhitong Finance App, Green Control Transmission (301655.SZ) issued an initial public offering of shares and a prospectus of intent to list on GEM. This time, 683412.35 million shares were issued, accounting for about 15.00% of the total share capital after issuance. The initial inquiry date is August 5, 2026, and the subscription date is August 10, 2026.

The number of shares issued in the initial strategic placement was 20.502.37 million shares, accounting for 30.00% of the current offering. Among them, the issuer's senior management and core employees participating in the special asset management plan set up in this strategic placement are expected to be no more than 10.00% of the current offering, that is, no more than 68341.23 million shares, and the subscription amount participating in the strategic placement is not more than 63.72 million yuan; the initial ratio of the sponsor's related subsidiaries to follow up on investment is 5.00% of the amount issued, or 34170.61 million shares; other investors participating in the strategic placement expect the total subscription amount not to exceed 141.5 million yuan.

The company is one of the leading enterprises in electric drive systems for new energy commercial vehicles in China. It provides customers with electric drive systems, components and related technology development and services based on technological innovation related to electric drive systems. Electric drive systems are the driving force source and core key components of new energy vehicles and non-road mobile machinery. Adhering to the concept of “safe and efficient definition of electric drive”, the company has overcome many technical difficulties in the field of pure electric and hybrid drive systems for commercial vehicles. The core products and components developed have the advantages of high reliability, high efficiency, integration and weight reduction, and are widely used in commercial vehicles and non-road mobile machinery under new energy technology routes such as pure electric, plug-in hybrid (including incremental) and fuel cells, and occupy an important position in the NEV heavy truck market segment.

For each period of the reporting period, the company's revenue was 770 million yuan, 1,328 billion yuan and 3.354 billion yuan respectively; net profit attributable to shareholders of the parent company was -12.3338 million yuan, 48.047 million yuan and 153.1617 million yuan, respectively. In the context of the “carbon peak, carbon neutrality” national strategy, driven by policies such as raising emission standards for traditional fuel vehicles, clean transportation targets and right-of-way priorities in key areas, the economic advantages of new energy commercial vehicles are prominent. The rapid expansion of the market size has effectively driven the company's performance growth, and the company already has good sustainable operation capabilities.

The capital raised in this launch will be invested in a project with an annual output of 100,000 new energy medium and heavy commercial vehicle electric drive systems and a R&D center construction project.