Green Control Transmission Lists on Shenzhen ChiNext, First-Half 2026 Revenue Up 94.07% to RMB 2.366 Billion

Green Control Transmission listed on the ChiNext board of the Shenzhen Stock Exchange in August 2026. Founded in 2011, the company focuses on electric drive systems for new energy commercial vehicles and adheres to full-chain in-house development of drive motors, AMT automatic transmissions, electronic control units and electric drive axles. Commercial vehicles, particularly heavy trucks and mining trucks operating under heavy-load extreme conditions, impose high requirements on powertrain reliability, torque output and shifting stability. The company has mastered electric drive system assembly architecture design technology, assembly control strategy technology, dedicated electric drive transmission development technology, high-torque-density and high-efficiency drive motor technology, and controller technology, covering processes from demand analysis, conceptual design, simulation analysis, engineering design, process development, prototype trial production and test verification.

As of June 30, 2026, the company held 374 authorized domestic patents, including 69 invention patents, 279 utility model patents and 26 design patents, as well as 43 software copyrights. It had 392 research and development personnel, accounting for 16.04% of total employees. The company has established a national-level postdoctoral research workstation and a CNAS-accredited laboratory. In the first half of 2026, its research and development investment reached RMB 85.1468 million. The company has been recognized as a national-level specialized and sophisticated "little giant" enterprise and a national manufacturing single champion enterprise. Its independently developed coaxial parallel hybrid electromechanical coupling system based on AMT technology, jointly with Tsinghua University and other institutions, won the second prize of the 2019 National Science and Technology Progress Award. To address power interruption during heavy-load shifting, the company developed a power-uninterrupted electric drive system, resolving the problem of import dependence for core components of hundred-ton-class mining trucks.

From 2023 to 2025, the company ranked first in China's new energy heavy truck motor supporting market for three consecutive years. Its products serve more than 60 domestic vehicle manufacturers, with direct downstream customers including XCMG, Sany Group, Dongfeng Motor, Sinotruk, Foton Motor and Xiamen King Long, among other commercial vehicle and construction machinery enterprises, and its products are sold to dozens of countries and regions worldwide. The company's products have expanded from highway commercial vehicles to mining trucks and off-road machinery.

From 2023 to 2025, the company achieved operating revenue of RMB 771 million, RMB 1.328 billion and RMB 3.354 billion, respectively; in 2025, it recorded net profit attributable to the parent company of RMB 153 million and non-recurring net profit attributable to the parent company of RMB 140 million, with a three-year compound annual growth rate of revenue of 108.63%. New energy commercial vehicle electric drive systems are the company's core revenue source, with electric drive system sales of 129,700 units in 2025 and a capacity utilization rate of 98.21%. The company has formed a business structure of "heavy-load commercial vehicle electric drive as the foundation, off-road machinery as incremental growth, and multi-technology route layout."

The 2026 semi-annual report shows that the company achieved operating revenue of RMB 2.366 billion, up 94.07% year on year; net profit attributable to owners of the parent company of RMB 123 million, up 80.63% year on year; non-recurring net profit attributable to owners of the parent company of RMB 122 million, up 98.35% year on year; and net cash flow from operating activities of RMB 84.8842 million, turning positive year on year.

After listing on ChiNext, Green Control Transmission's total IPO proceeds amounted to RMB 581 million, mainly used for an annual production project of 100,000 new energy medium- and heavy-duty commercial vehicle electric drive systems and a research and development center construction project. The company's business has extended from automatic transmission supply to new energy commercial vehicle powertrain solutions, with product application scenarios including highway commercial vehicles, mining trucks and off-road machinery.