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中国汽车系统技术有限公司(01283.HK)新股

China Automotive Systems Technology Co., Ltd. (01283.HK) IPO

羣益證券(香港) ·  Apr 18, 2011 00:00

The company is China's leading manufacturer of air conditioning compressors for automobiles. According to Alway's report data, in terms of production and sales in 2010, the company was the second largest automobile air conditioning compressor manufacturer in China, with a market share of 16.5%. At the same time, the company was also the largest manufacturer of vortex automobile air conditioning compressors in China, with a market share of 78.9%. In 2010, the company's Aotega brand was certified as a “famous trademark of China”.

The company supplies automobile air conditioning compressors to China's leading automobile manufacturers. The main customers include China's top ten independent automobile brands such as Biardi, Chery, Geely, Brilliance, and Beiqi Foton.

The company, along with the second and third largest manufacturers of vortex automobile air conditioning compressors, accounted for 93.7% of China's vortex automobile air conditioning compressor manufacturing industry in 2009, and the industry concentration was high. We recommend investors to place small orders.

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