The IPO application for Ditong Industrial Holding Group Co., Ltd. (referred to as Ditong Holding) has progressed to the inquiry stage on the Shanghai Stock Exchange's main board. Industrial Securities is serving as the sponsor, with plans to raise approximately 2.568 billion yuan.
According to its prospectus, the company specializes in the design, development, production, and sale of automotive metal structural components and related molds. It has achieved significant development within the auto parts sector, leveraging its accumulated production and research strengths in body and chassis structural components to extend its reach into upstream key segments like mold development. The company focuses on advanced forming and connection technologies, building a full value chain and possessing strong capabilities to provide critical assemblies. Its primary products emphasize both lightweighting and safety.
Its main offerings are automotive metal structural components and supporting molds. The metal structural components are further categorized into body structure parts and chassis system parts, which can be customized to meet the diverse needs of different clients, vehicle models, and complex processes.
The company has established a multi-regional production base layout centered around automotive industry clusters. It currently operates 14 production bases across 12 locations in China, including Xiangtan in Hunan; Ningbo, Taizhou, and Changxing in Zhejiang; Baoji and Xi'an in Shaanxi; Chengdu in Sichuan; Zhangjiakou in Hebei; Guiyang in Guizhou; Changchun in Jilin; Shenyang in Liaoning; and Wuhan in Hubei. This network effectively covers major vehicle manufacturing hubs such as the Yangtze River Delta, central China, the Chengdu-Chongqing region, northwest China, the Beijing-Tianjin-Hebei area, and northeast China.
Since its inception, the company has placed a high priority on product R&D and technological innovation. It has established technical R&D centers in Shanghai and Ningbo, set up dedicated product laboratories, and assembled a professional, experienced R&D team. Over this period, it has accumulated extensive experience in product design and process development, actively advancing technological R&D and innovation in intelligent manufacturing and lightweighting for automotive components. It has now established a core technology system encompassing four key areas: lightweight forming technology, welding technology, mold development technology, and intelligent manufacturing & flexible production technology.
The company has mastered the application of new materials such as high-strength steel, ultra-high-strength steel, and aluminum alloy. By innovating mold design concepts and integrating process technologies like internal high-pressure forming, hot forming, hot gas forming, laser tailor-welded blanks, and integrated die-casting, it continuously optimizes product structures. This enables the body and chassis to achieve lightweighting while meeting higher strength, better stiffness, longer lifespan, and lower cost requirements.
The company employs a direct sales model, with downstream clients including vehicle manufacturers and parts suppliers, primarily the former. Through high-quality products and services, it has gained broad recognition from customers and is now a tier-one supplier to well-known automakers such as Geely Group (including brands like Geely, Galaxy, Zeekr, Lynk & Co., Geometry, and Volvo), FAW Group, Byd Company Limited, Beiqi Foton, Anhui Volkswagen, and Chery.
Financially, for the reporting periods of 2023, 2024, and 2025, the company achieved operating revenues of approximately 2.721 billion yuan, 3.633 billion yuan, and 4.986 billion yuan, respectively. Net profits for the same periods were 209 million yuan, 367 million yuan, and 521 million yuan.