Huichuan United Power's performance in 2023 is outstanding, and it plans to split and list

Suzhou Huichuan United Power Systems Co., Ltd., referred to as "Huichuan United Power", entered the field of new energy vehicle parts in 2009. The company is located in Wuzhong District, Suzhou City. Its main business includes the development, production and sales of new energy vehicle motors, electronic controls, power supplies and powertrains. In 2023, the company began to make profits and plans to be split and listed on the Shenzhen Stock Exchange's Growth Enterprise Market. In 2023, the company's revenue was 9.387 billion yuan, a year-on-year increase of 87.5%, and net profit turned from loss to profit. Sales volume reached 2.2301 million units, an increase of 126.2% over 2022, and the average sales price was 4,400 yuan, a month-on-month decrease of 21%.