Automotive electronics companies into the capital market focus on new hot spots

Under the background that new energy vehicles have increasingly gained market recognition, automotive electronics has become overwhelming. Since last year, listed companies such as Junsheng Electronics, Zhenghai Magnetic Materials and De Run Electronics have entered the automotive electronics market one after another. Institutional investors such as funds have paid close attention to this and the fund is intensively investigating listed companies in the automotive electronics industry chain.

　

Automotive Electronics Trend

On March 12, Derun Electronics announced the acquisition of MetaSystemS.pA, an Italian automotive electronics company. In fact, in 2014, automotive electronics has become a hotly sought after target for some listed companies: Following June last year, Satisfaction Electronics announced the acquisition of a 100% stake in German IMA company. In October last year, Zhenghai Magnetic Materials announced its acquisition of Shanghai Grand County. Control Technology Co., Ltd. 81.5321% stake.

It is understood that the core automotive electronics business acquired by De Run Electronics includes three blocks: First, automotive power control and on-board charging modules for electric vehicles; second, safety and alarm sensors and control units, including front and rear sensing radars, and in-vehicle microwave monitoring , anti-theft and tilt warning devices, etc.; third, car networking module, used to collect and track vehicle driving data. Meta's major customers are European high-end auto OEMs (including BMW, Daimler-Benz, Volkswagen Group, Fiat Group, PSA Peugeot Citroen Group) and some first-line auto parts suppliers.

Joyson Electronics' IMA was established in 1975 and is headquartered in Amber, Bavaria, Germany. Since its inception, it has focused on R&D, manufacturing and integration of industrial robots, providing customers with customized industrial robot systems, automation products and consulting. service. Currently IMA is a global leader in market segments, with customers including first-tier multinational corporations in the automotive, electronics, medical, and FMCG industries.

Shanghai Grand County acquired by Zhenghai Magnetic Material Co., Ltd. specializes in research, development, production and sales of series motorized drive systems for new energy vehicles. At present, its products cover passenger cars, light commercial vehicles, buses and construction machinery.

A researcher in Beijing, a private equity fund focusing on research on new energy vehicles, said that the current domestic listed companies are keen to acquire automotive electronics companies. The main reason is that after the Tesla-developed electric vehicles are sought after, the trend of automotive electronics is getting more and more. Obviously, therefore, the automotive electronics business supported by new energy vehicles is also promising.

Fund intensive research related to listed companies

In the context of industrial capital-intensive layout, institutional investors such as domestic funds are more concerned about this and are intensively investigating upstream and downstream companies in the automotive electronics industry chain.

On March 13th, Yinhua Fund and Founder Securities investigated De Run Electronics. The agency focused on the acquisition of Meta by De Run Electronics. On March 5, the Shengyu Fund investigated the Ocean Electric, which is the electric drive of the New Energy Vehicle. System manufacturers and electric drive systems are the core components of new energy vehicles. In February, Huaxia Fund, Shenyin Wanguo, and some qualified overseas institutional investors investigated BYD; in January and February, China-Europe Fund, Harvest Fund, Ping An Asset Management, etc. Zhenghai Magnetic Materials was investigated.

According to a fund manager who has tracked new energy vehicles for a long time, after the country has adopted new energy vehicles as the industry supported by the national strategy, 2015 may be the first year of new energy vehicles, with greater subsidies and large cities to new energy vehicles. Under the green light background, the sales and performance of new energy vehicles in the next 10 years are expected to increase in volume. In addition, with the automobile entering the homes of ordinary people, automotive electronics and entertainment have become a trend. Rongzhilian, BYD, Tesla, Apple and other companies are all focusing on the automotive electronics industry.