- Business
- Heilongjiang Tianyouwei Electronics Co., Ltd. (603202.SS) manufactures and sells automotive electronic instruments and smart cockpit systems, specializing in research, development, design, production, sales, and service of advanced vehicle displays and components. The company's core products include electronic instrument clusters; full liquid crystal display (LCD) instrument clusters; dual-screen instruments; in-vehicle infotainment systems; air conditioning controllers; wireless chargers; sensors; and instrument accessories, with additional offerings in commissioned processing and development services. Founded in 2003 and headquartered in Suihua, Heilongjiang province, China, the firm primarily serves domestic original equipment manufacturers (OEMs) while expanding into overseas markets, including two-wheeler applications and passenger car segments. Recent strategic developments encompass its April 2025 initial public offering on the Shanghai Stock Exchange main board, raising approximately CNY 3.53 billion in net proceeds including excess funds; plans to invest CNY 419 million from IPO excess proceeds into the Harbin Global Automotive Electronics Research and Development Center project; establishment of a joint venture subsidiary, Fujian Tianyouwei Electronic Technology Co., Ltd., with RMB 10 million registered capital in September 2025 alongside Sanfeng Group to broaden passenger car market penetration; and approval in 2025 for a €65 million wholly-owned subsidiary in Morocco to produce automotive dashboards, LCD panels, and smart cockpit solutions targeting exports to Europe. These initiatives support ongoing product upgrades from traditional electronic meters to full digital and dual-screen systems amid rising demand for intelligent cockpits, with 2024 revenue reaching CNY 4.44 billion and sales growth of nearly 30%.