--- title: "A-share subscription | Huayuan opens subscription as a first-tier supplier for automakers such as GAC Honda" type: "News" locale: "en" url: "https://longbridge.com/en/news/231759304.md" description: "Huayuan started its subscription on March 14, with an issuance price of 4.92 yuan per share, a subscription limit of 12,000 shares, and a price-to-earnings ratio of 25.91 times. As a high-tech enterprise, Huayuan focuses on the research and production of automotive system connectors and is a primary supplier for several automotive manufacturers. The raised funds will be used for projects in the fields of new energy vehicles and smart electronics. From 2021 to 2023, the company's operating income has increased year by year, amounting to 454 million yuan, 491 million yuan, and 553 million yuan, respectively" datetime: "2025-03-13T22:35:06.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/231759304.md) - [en](https://longbridge.com/en/news/231759304.md) - [zh-HK](https://longbridge.com/zh-HK/news/231759304.md) generator: "portal-rs" --- # A-share subscription | Huayuan opens subscription as a first-tier supplier for automakers such as GAC Honda According to Zhitong Finance APP, on March 14, Zhejiang Huayuan (301535.SZ) opened for subscription, with an issue price of 4.92 yuan per share, a subscription limit of 12,000 shares, and a price-to-earnings ratio of 25.91 times. It belongs to the ChiNext board of the Shenzhen Stock Exchange, with Haitong Securities as its exclusive sponsor. The prospectus reveals that Zhejiang Huayuan is a high-tech enterprise focused on the research, development, production, and sales of customized automotive system connectors. It is recognized as a "specialized, refined, distinctive, and innovative" small and medium-sized enterprise by the Zhejiang Provincial Department of Economy and Information Technology. The company's main products are non-standard fasteners and seat locks, widely used in automotive body chassis and power systems, automotive safety systems, automotive intelligent electronic systems, and automotive interior and exterior decoration systems, specifically including automotive seats, automotive sensors, and new energy power battery packs. In terms of fastener business, the company is a first-tier supplier to major automotive manufacturers such as Volkswagen China, GAC Honda, Changan Mazda, and Great Wall Motors, and has established cooperative relationships with global major automotive parts companies such as Lear, Magna, Aptiv, Faurecia, and Yanfeng, making it one of the important suppliers of non-standard fasteners in China. It is understood that Zhejiang Huayuan plans to use the funds raised, after deducting issuance costs, for the following projects: In the fields of new energy vehicles and automotive intelligent electronics, Zhejiang Huayuan, as a secondary supplier, has entered the supplier system of major domestic new energy vehicle manufacturers such as Nio, XPeng, GAC Aion, BYD, and Li Auto through first-tier suppliers Aptiv and Faurecia. Its products are applied in models such as Nio ES6, Nio ES8, Nio ET7, GAC AION S, GAC AION V, GAC AION Y, BYD Dynasty series and Ocean series, Li ONE, and Li L7. In addition, the company has collaborated with global automotive electronics giant Sensata to supply customized bolts and other products for its sensors, expanding its product applications in the automotive intelligent electronics field. In terms of finance, in the fiscal years 2021, 2022, and 2023, the company achieved operating revenues of approximately 454 million yuan, 491 million yuan, and 553 million yuan, respectively. The company's net profits were approximately 200 million yuan, 76.8197 million yuan, and 82.6384 million yuan. It is important to note that the prospectus specifically reminds investors to pay attention to the risk of low market share. The market share of the company's main products is relatively low. According to estimates, in 2023, the company's fastener sales are approximately 926 million pieces, accounting for about 0.71% of the national passenger car fastener market; seat lock sales are 11.6848 million pieces, accounting for about 7.45% of the national passenger car seat lock market ### Related Stocks - [301535.CN](https://longbridge.com/en/quote/301535.CN.md) - [01211.HK](https://longbridge.com/en/quote/01211.HK.md) - [LEA.US](https://longbridge.com/en/quote/LEA.US.md) - [02015.HK](https://longbridge.com/en/quote/02015.HK.md) - [09868.HK](https://longbridge.com/en/quote/09868.HK.md) - [02333.HK](https://longbridge.com/en/quote/02333.HK.md) - [09866.HK](https://longbridge.com/en/quote/09866.HK.md) ## Related News & Research - [Evolve Automobile Innovation Index ETF declares CAD 0.25 dividend](https://longbridge.com/en/news/296300739.md) - [DEVP_B: Q2 2026 saw a 30.9% sales drop, negative margins, and ongoing diversification beyond automotive](https://longbridge.com/en/news/296182978.md) - [Salix Group agrees to buy Nordic fastener supplier Arvid Nilsson](https://longbridge.com/en/news/296201515.md) - [Car insurance costs are rising again, and drivers in over 30 states could pay more](https://longbridge.com/en/news/296393663.md) - [23:40 ETBugatti Showcases Steve Dimopoulos' One-of-One Chiron at Pebble Beach Automotive Week](https://longbridge.com/en/news/296664558.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**