ECM

Ningbo Tuopu (拓普集团) A+H Pre-IPO: Early Thoughts

02 Jul 2026 By Ke Yan, CFA
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Abstract: Ningbo Tuopu, a leading automobile part manufacturer, is seeking an A+H listing. CITIC and UBS are the sponsors. We look at the company's core segments: interior functional components and chassis systems. We discussed our preliminary thoughts on the company's valuation based on A-H premium.

ANHUI ZHONGDING SEALING PARTS (000887 CH) ZHEJIANG SANHUA INTELLIGENT CONTROLS (002050 CH) HUIZHOU DESAY SV AUTOMOTIVE (002920 CH) SHENZHEN ZHAOWEI MACHINERY & ELECTRONIC (003021 CH) NEXTEER AUTOMOTIVE (1316 HK) SANHUA (2050 HK) ZHAOWEI (2692 HK) FUYAO GLASS (3606 HK) MINTH (425 HK) Fuyao Glass (600660 CH) NINGBO TUOPU (601689 CH) SHANGHAI BAOLONG AUTOMOTIVE (603197 CH) NINGBO XUSHENG (603305 CH) BETHEL AUTOMOTIVE SAFETY SYSTEMS (603596 CH) Tesla, Inc. Common Stock (TSLA US)

Highlighted Stocks

ANHUI ZHONGDING SEALING PARTS, ZHEJIANG SANHUA INTELLIGENT CONTROLS, HUIZHOU DESAY SV AUTOMOTIVE, SHENZHEN ZHAOWEI MACHINERY & ELECTRONIC, NEXTEER AUTOMOTIVE, SANHUA, ZHAOWEI, FUYAO GLASS, MINTH, Fuyao Glass, NINGBO TUOPU, SHANGHAI BAOLONG AUTOMOTIVE, NINGBO XUSHENG, BETHEL AUTOMOTIVE SAFETY SYSTEMS, Tesla, Inc. Common Stock

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