Today, Ningbo Gaofa Automotive Control Systems Co., Ltd. issued its initial offer. The total number of new shares issued this time does not exceed 34.2 million shares, accounting for no less than 25.00% of the total issued share capital. It is planned to land on the main board of the Shanghai Stock Exchange. The sponsor institution is Guosen Securities Co., Ltd. The use of funds raised was 115 million yuan for the expansion project of the variable speed control system, 70.632 million yuan for the expansion of the control system product, 41.42 million yuan for the expansion of the engineering technology center, 60 million yuan for the supplementary working capital, and 220 million yuan for the bank loan. It is shown that Ningbo Gaofa Automobile Control System Co., Ltd. is a joint-stock company established by Ningbo Gaofa Automobile Cable Co., Ltd. as a whole. The company's promoters are five legal person shareholders including Gaofa Holdings and three natural person shareholders, Qian Gaofa, Qian Guonian and Qian Guoyao. The registered capital was 54 million yuan. Wild Camping Knife,Bush Camp Knife,Camp Style Knife,Small Camping Knife Guangtai Union Industrial Co Ltd , https://www.yjguangtai.com
According to the announcement, Ningbo Gaofa's business scope includes vehicle shifting, acceleration control systems, vehicle electronic control systems, vehicle cables, flexible shafts, vehicle parts design, manufacturing, and sales; self-operated and agent cargo and technology import and export, Except for goods or technologies that are restricted or prohibited by the state. The company is a high-tech enterprise mainly engaged in the research, development, production and sales of vehicle control systems. The main products are shifting manipulators and soft shafts, electronic accelerator pedals, car cables and electromagnetic fan clutches. The company's three-axis shifting control system and electronic accelerator pedal assembly won the "China Bus Best Parts Award" and "China Bus Excellent Parts Award" in the second national bus competition in 2005; the electronic accelerator pedal assembly In 2005, it was recognized as “National Key New Product†by the Ministry of Science and Technology and the Ministry of Commerce. It was included in the “2011 National Torch Plan†by the Ministry of Science and Technology in 2011; the company has new technology and new product development strength. Variable speed manipulators, variable speed shafts, position sensors, etc. have their own core technologies. The company's products are basically non-standard products, and must be specially developed for the different structural and performance requirements of each model. The company has completed the leap from designing and manufacturing spare parts to system assembly, with independent product design and development capabilities, and has many patented technologies for automobile cables, variable speed flexible shafts, shifting manipulators and electronic accelerator pedals.
According to the company, Ningbo Gaofa is a Tier 1 supplier to more than 30 OEMs in China, supplying products directly to OEMs. With its own design and development capabilities, manufacturing technology and quality management capabilities, the company's products have been recognized by customers, and established a stable supply chain cooperation relationship with many domestic vehicle manufacturers. It has won FAW-Volkswagen, Shanghai Volkswagen, Geely Group, A-class suppliers or excellent suppliers of many domestic vehicle manufacturers such as Yutong Bus, Suzhou Jinlong, Futian Euro V, and FAW Bus.