Conver
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Conver - overview
Established
2006
Location
Hefei, Anhui, China
Primary Industry
Automobiles, Other Vehicles & Parts
About
Established in 2006 and based in Hefei, China, Conver operates as an automotive trim manufacturer that mainly provides automotive styling components and automotive acoustic products. It acquired the national high-tech enterprise certification and the national specialized and innovative small giant enterprise certification. The company cooperates with vehicle manufacturing companies such as Nio Limited, Great Wall Motor, and Chery Automobile Co. , Ltd.
In December 2022, Conver closed venture funding from new investors Hefei Haiheng Capital Management Co. , Ltd. and Guoyuan Chuangtou. In March 2025, the company was listed on the Shanghai Stock Exchange.
Conver specializes in the research, development, production, and sales of automotive styling components and acoustic products, as well as providing complete assembly services for automotive wheels. Automotive styling parts include grilles, trims, logos, and bumpers. Automotive acoustic products include roofs, carpets, sound insulation pads, trunk covers, and storage boxes. The products are mainly used in automobile manufacturing and new energy vehicle fields.
The company generates revenue by providing automotive styling components and acoustic products. The company will use the IPO funding to expand the production of automotive accessories, assembly of automotive wheels, digitalization and R&D center construction, and replenish working capital.
Current Investors
Hefei High-tech Venture Capital, CPE Funds Management, Guoyuan Chuangtou
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Website
www.conver.com.cn
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Conver - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 101,818,685.7 | 175,083,375.1 | 265,042,683.9 | 235,343,663.9 | 246,364,344.8 | 271,128,697.5 | 291,905,828.7 | - | - | - |
| % Revenue Growth (YoY) | - | 72.0% | 51.4% | (11.2%) | 4.7% | 10.1% | 7.7% | - | - | - |
| EBITDA (USD) | 11,261,825.6 | 30,090,898.9 | 42,764,605.1 | 35,120,667.3 | 27,982,056.8 | 56,956,535.7 | 64,078,843.8 | - | - | - |
| Operating Income (USD) | 3,831,156.1 | 20,681,158.8 | 28,955,546.2 | 24,648,936.4 | 16,515,695.5 | 44,571,231.6 | 51,572,990.4 | - | - | - |
| Operating Margin | 3.8% | 11.8% | 10.9% | 10.5% | 6.7% | 16.4% | 17.7% | - | - | - |
| % EBITDA Margin | 11.1% | 17.2% | 16.1% | 14.9% | 11.4% | 21.0% | 22.0% | - | - | - |
| NET Income (USD) | 4,476,118.5 | 18,680,320.2 | 25,774,993.5 | 20,232,069.5 | 14,065,736.9 | 36,819,381.8 | 44,788,228.7 | - | - | - |
| % Net Margin | 4.4% | 10.7% | 9.7% | 8.6% | 5.7% | 13.6% | 15.3% | - | - | - |
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