A-share Subscription | Green Control Transmission (301655.SZ) has opened for subscription and is one of the leading companies in domestic new energy commercial vehicle electric drive systems.

On August 10, Green Control Transmission (301655.SZ) began its subscription process, with an issuance price of 8.5 yuan per share and a subscription limit of 9,500 shares. It is listed on the Shenzhen Stock Exchange, with CICC as its sponsoring institution. According to the prospectus, Green Control Transmission is one of the leading companies in China's new energy commercial vehicle electric drive systems. Based on innovations in electric drive system technologies, the company provides customers with electric drive systems, components, and related technology development and services. The electric drive system is the driving source and core component for new energy vehicles and non-road mobile machinery. The company adheres to the philosophy of defining electric drive with safety and efficiency, overcoming multiple technical challenges in the fields of pure electric and hybrid drive systems for commercial vehicles. The core products and components developed have advantages of high reliability, high efficiency, integration, and lightweight design, and are widely used in commercial vehicles and non-road mobile machinery under new energy technology routes, including pure electric, plug-in hybrids (including range-extended), and fuel cell vehicles, holding an important position in the new energy heavy truck market segment. The main products of the company are electric drive systems for new energy commercial vehicles, primarily used in pure electric, hybrid, and fuel cell commercial vehicles as well as in non-road mobile machinery. Green Control Transmission has formed a complete R&D system, product spectrum, manufacturing capabilities, and market layout in areas such as commercial vehicle automatic transmissions, drive motors, and controllers, and possesses a series of independently developed key technologies, enabling it to continuously provide high-quality overall solutions for customers. The companys products are widely applied in commercial vehicles and non-road mobile machinery across new energy technology routes, including pure electric, plug-in hybrids (including range-extended), and fuel cells, and it maintains a significant market position in the new energy heavy truck segment. With its advantages in technology, process, and service, the company has become a mainstream powertrain system supplier for leading manufacturers in the new energy commercial vehicle industry, such as XCMG Group, SANY Group, Dongfeng Motor, and Xiamen Golden Dragon, among which, SANY Group and XCMG Group ranked first and second in the sales volume of new energy heavy trucks in 2025, with a combined market share of 29.93%. The company is one of the leading enterprises in China's new energy commercial vehicle electric drive systems, holding an important market position in the new energy heavy truck sector. According to statistical data from Ke Rui Consulting, the companys market share in the electric motor assembly for new energy heavy trucks remains at the forefront of the industry for 2023, 2024, and 2025, demonstrating a clear industry-leading advantage. The company is also actively expanding into international markets, with its products already sold in some other Asian countries and overseas markets in Europe and the Americas. In terms of finance, for the fiscal years of 2023, 2024, and 2025, the company expects to achieve operating revenues of approximately 770 million yuan, 1.328 billion yuan, and 3.354 billion yuan, respectively; during the same period, it recorded net profits of approximately -12.33 million yuan, 48.04 million yuan, and 153 million yuan.