Automotive LED company Tongbao Optoelectronics is listed on the Beijing Stock Exchange

On the morning of February 26, Changzhou Tongbao Optoelectronics Co., Ltd. was officially listed on the Beijing Stock Exchange and delisted from the New Third Board, becoming a new LED lighting listed company on the Beijing Stock Exchange.

Tongbao Optoelectronics was founded in 1991. It is mainly engaged in the design, research and development, production and sales of automotive LED modules and LED lights. It was listed on the New OTC Market in 2015 and entered the innovation level in 2020. The company's IPO went through multiple application adjustments and was finally held in November 2025, and was listed on the Beijing Stock Exchange in February 2026.

The company's core business is automotive lighting systems, and its products have been used in brand models such as SAIC-GM-Wuling, GAC Aian, GAC Trumpchi, Dongfeng Nissan and SAIC Volkswagen. At the same time, the company gradually expanded its automotive electronics segment, including electronic control systems and charging and distribution assemblies. It maintains a long-term cooperative relationship with SAIC-GM-Wuling, with a procurement share of over 90% in the field of LED lighting modules and drive controllers, and is gradually expanding to other OEM customers.

In terms of finance, Tongbao Optoelectronics’ revenue from 2022 to 2024 will be approximately 390 million yuan, 529 million yuan, and 588 million yuan respectively, and its net profits will be approximately 36.69 million yuan, 62.25 million yuan, and 83.1 million yuan respectively.

In 2025, the company will achieve revenue of approximately 717 million yuan, a year-on-year increase of 21.94%; net profit will be approximately 80.05 million yuan, a year-on-year decrease of 3.66%, mainly affected by the subsidiary's investment in new production lines and increased fixed expenses.

This IPO plans to raise 330 million yuan for new energy vehicle intelligent LED modules and charging and distribution system projects, aiming to improve the intelligence level of the production line and the production capacity of high value-added products. The company said that after the project is completed, it will enhance overall production capacity and supply capabilities, and provide support for expanding OEM customers and market share.

It is worth noting that the automotive LED industry’s listing on the Beijing Stock Exchange is heating up. On December 30 last year, Easystar's IPO application was accepted by the Beijing Stock Exchange. The company also focuses on the research and development, design, manufacturing and sales of automotive LED lights, but its products are mainly applied in the automotive aftermarket, showing the diversified development trend of industry market segments.