According to the Hong Kong Stock Exchange's disclosure on September 22, Zhitong Finance APP learned that Zhongshan Broad-Ocean Motor Co., Ltd. (referred to as: Broad-Ocean Motor) has submitted a listing application to the main board of the Hong Kong Stock Exchange, with Citigroup and Huatai International as its joint sponsors. Broad-Ocean Motor (002249.SZ) is already listed on the Shenzhen Stock Exchange.

The prospectus shows that Broad-Ocean Motor is a supplier of motors and electric drive systems, with products covering motors for construction and household appliances, starters, and generators, as well as powertrain systems and key components for new energy vehicles. During the track record period, the company mainly engaged in the design, manufacturing, and sales of motors and drive control systems, facilitating the realization of key functions across various industries.

According to Frost & Sullivan data, based on sales revenue in 2024, the company ranks second among global third-party HVAC electric drive solution suppliers and first in China and North America; based on starter motor sales revenue in 2024, the company ranks fourth in the global starter motor industry and second among Chinese enterprises.

Based on sales revenue of new energy vehicle powertrain systems in 2024, the company ranks fifth among third-party suppliers in China. Notably, based on the proportion of overseas sales revenue in 2024, the company ranks first among third-party suppliers in China, possessing strong overseas layout and business expansion capabilities.

As of June 30, 2025, the company has 15 production bases globally, six of which are located overseas, including the United States, the United Kingdom, Vietnam, Thailand, Mexico, and India. The company leverages advanced manufacturing plants and geographical advantages close to strategic markets to enhance the efficiency of global supply chain management and logistics competitiveness.

During the track record period, overseas sales accounted for 46.0%, 44.5%, 45.1%, and 47.7% of total revenue, with gross profit margins generally higher than those of sales in China.

The prospectus highlights risks, noting that the end-market demand in the industry is constantly changing. If the company cannot effectively respond to these changes, it will have a significant adverse impact on its business, operating performance, and financial condition. Currently, energy consumption during the construction operation phase accounts for about 30% of total social energy consumption, with HVAC system energy consumption accounting for 40% to 60% of total building energy consumption. Changes in energy efficiency and environmental awareness, as well as new laws and regulations with higher energy efficiency standards, may negatively impact the demand for HVAC systems and construction and household appliances.

In terms of finances, for the fiscal years 2022, 2023, 2024, and the six months ending June 30, 2025, the company achieved revenues of RMB 10.93 billion, RMB 11.288 billion, RMB 12.113 billion, and RMB 6.241 billion, respectively; during the same periods, the annual/period profits were approximately RMB 425 million, RMB 675 million, RMB 912 million, and RMB 640 million