Soss Technology's application for an initial public offering on the Shenzhen Stock Exchange's ChiNext Board has been accepted. Everbright Securities is serving as the sponsor for the offering, which aims to raise 1.18 billion yuan. The company is a leading domestic provider of automotive-grade low-voltage connectors and electrical connection solutions, specializing in the research and development, production, and sales of connectors and components. Through its proprietary core technologies, Soss Technology has achieved localized substitution for a series of connector products. Its products are widely used in various industries, including automotive, consumer electronics, industrial control, and new energy.
Leveraging extensive industry experience, mature technical capabilities, reliable product quality, and large-scale supply capacity, the company has established long-term, stable partnerships with numerous high-quality automotive clients. According to data from the China Electronic Components Industry Association, during the reporting period, Soss Technology's market share for automotive lighting connectors in China reached 29.79%, 39.50%, and 40.10%, respectively, ranking first in the industry. The company's automotive lighting connector products have been adopted by leading global automotive lighting manufacturers. Beyond its established presence in automotive lighting systems, Soss Technology continues to diversify its applications within the automotive sector, expanding its product portfolio into core areas such as smart cockpits and the "three electric" systems of new energy vehicles.
Financially, for the years 2023, 2024, and 2025, Soss Technology reported operating revenues of approximately 375 million yuan, 519 million yuan, and 624 million yuan, respectively. Net profits for the same periods were 93.8086 million yuan, approximately 127 million yuan, and approximately 136 million yuan.
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