Suzhou Green Control Transmission Technology Co., Ltd. (Green Control Transmission) has successfully passed the listing review by the Shenzhen Stock Exchange's ChiNext board. China International Capital Corporation Limited serves as the sponsor, with plans to raise approximately 1.58 billion yuan. According to its prospectus, Green Control Transmission is a leading domestic enterprise in the electric drive system sector for new energy commercial vehicles. The company provides electric drive systems, components, and related technical development and services, primarily for pure electric, hybrid, and fuel cell commercial vehicles, as well as non-road mobile machinery. Leveraging advantages in technology, manufacturing processes, and services, the company has become a mainstream powertrain system supplier for major industry players such as XCMG Group, Sany Group, Dongfeng Motor Corporation, and Xiamen King Long. Notably, Sany Group and XCMG Group ranked first and second, respectively, in new energy heavy-duty truck sales for 2025, together accounting for a market share of 29.93%. Green Control Transmission holds a significant market position in the new energy heavy-duty truck segment. Data from CRI Consulting indicates that the company has maintained the top market share in new energy heavy-duty truck motor supply for 2023, 2024, and 2025, demonstrating a clear industry lead. Financially, the company reported revenues of approximately 770 million yuan, 1.328 billion yuan, and 3.354 billion yuan for 2023, 2024, and 2025, respectively. Net profits for the same periods were -12.3338 million yuan, 48.0427 million yuan, and approximately 153 million yuan.
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