证券代码：920007 证券简称：酉立智能 公告编号：2025-065 江苏酉立智能装备股份有限公司关联交易管理制度 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 审议及表决情况 江苏酉立智能装备股份有限公司于 2025 年 8 月 26 日召开第一届董事会第二 十三次会议，审议通过了《关于制定、修订<股东会议事规则>等治理制度的议 案》之子议案 3.5：《修订<江苏酉立智能装备股份有限公司关联交易管理制度>》， 表决结果：同意 6 票，反对 0 票，弃权 0 票。 本议案尚需提交股东会审议。 二、 分章节列示制度主要内容： 江苏酉立智能装备股份有限公司 第三条 公司建立健全关联交易内部控制制度，遵循诚实信用、平等、自愿、 公平、公开、公允的原则，不得损害公司和股东的利益，不得隐瞒关联关系或者 将关联交易非关联化。 第四条 公司应当参照本制度相关规定，确定公司关联人的名单，确保关联 人信息真实、准确、完整。关联人及其信息发生变化的，公司应及时更新。 第五条 公司及其控股子公司在发生交易活动时，相 ...

证券代码：920007 证券简称：酉立智能 公告编号：2025-073 江苏酉立智能装备股份有限公司会计师选聘制度 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 审议及表决情况 江苏酉立智能装备股份有限公司于 2025 年 8 月 26 日召开第一届董事会第二 十三次会议，审议通过了《关于制定、修订<股东会议事规则>等治理制度的议 案》之子议案 3.13：《制定<江苏酉立智能装备股份有限公司会计师选聘制度>》， 表决结果：同意 6 票，反对 0 票，弃权 0 票。 本议案尚需提交股东会审议。 二、 分章节列示制度主要内容： 江苏酉立智能装备股份有限公司 第四条 公司选聘的会计师事务所应当具备下列条件： 会计师事务所选聘制度 第一章 总则 第一条 江苏酉立智能装备股份有限公司（以下简称"公司"）为进一步规范 选聘会计师事务所的行为，切实维护股东利益，提高财务信息质量，根据《中华 人民共和国公司法》《中华人民共和国证券法》《国有企业、上市公司选聘会计 师事务所管理办法》等有关法律法规和规范性文件以及 ...

证券代码：920007 证券简称：酉立智能 公告编号：2025-055 江苏酉立智能装备股份有限公司 关于签署募集资金三方监管协议的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 一、募集资金情况概述 江苏酉立智能装备股份有限公司（以下简称"公司"）向不特定合格投资者 公开发行股票并在北京证券交易所上市申请已于 2025 年 5 月 16 日经北京证券交 易所上市委员会审核同意，并于 2025 年 6 月 30 日获得中国证券监督管理委员会 （以下简称"中国证监会"）出具的《关于同意江苏酉立智能装备股份有限公司 向不特定合格投资者公开发行股票注册的批复》（证监许可〔2025〕1359 号）。 公司本次向不特定合格投资者发行股票 1,120.30 万股（超额配售选择权行使 前），每股发行价格为人民币 23.99 元，募集资金总额为人民币 268,759,970.00 元（超额配售选择权行使前），扣除不含税的发行费用人民币 27,635,444.54 元（超 额配售选择权行使前），募集资金净额为人民币 ...

Core Viewpoint - The recent listing of Youli Intelligent Equipment Co., Ltd. on the Beijing Stock Exchange marks the fourth photovoltaic company to go public in A-shares this year, with significant initial stock price volatility and concerns about the company's competitive advantages and market conditions [1][2]. Company Performance - Youli Intelligent focuses on core components of photovoltaic brackets, with main products including torque tubes, bearing components, installation structures, and purlins [2]. - The company has shown exceptional performance in a challenging market, with revenue increasing from 433 million yuan in 2022 to 729 million yuan in 2024, and net profit doubling from approximately 41.95 million yuan to 89.86 million yuan over the same period [2]. - In Q1 2025, the company reported revenue of 272 million yuan, a year-on-year increase of 47.33%, and a net profit of approximately 32.87 million yuan, up 16.24% year-on-year [2]. Revenue Projections - For the first half of 2024, Youli Intelligent expects revenue between 462 million yuan and 482 million yuan, representing a growth of 24.43% to 29.82% compared to the same period in 2023 [3]. - The company anticipates a non-net profit of approximately 54.96 million yuan to 56.96 million yuan, reflecting a year-on-year growth of 11.12% to 15.16% [3]. International Market Presence - Over 70% of Youli Intelligent's revenue comes from overseas markets, with significant exports to regions including Brazil, Chile, Australia, Canada, Europe, and the Middle East [3]. - The company's foreign sales revenue has shown consistent growth, increasing from approximately 367.58 million yuan in 2022 to 563.60 million yuan in 2024, with foreign sales accounting for 88.19%, 73.06%, and 78.72% of total revenue in those years [3]. Market Dynamics - The photovoltaic bracket sector is characterized by high domestic concentration and a focus on overseas markets, with a trend towards tracking brackets despite fixed brackets remaining mainstream [3]. - The global market for tracking brackets is dominated by foreign manufacturers, with NEXTracker holding a stable market share of 25%-30% [3]. Customer Concentration Risks - Youli Intelligent faces high customer concentration risk, with sales to its top five customers accounting for 94.90%, 94.91%, and 96.44% of revenue from 2022 to 2024 [4][5]. - The company's reliance on NEXTracker is particularly significant, with revenue from this client representing 80.69%, 61.67%, and 70.00% of total revenue in the same period [5]. Profitability and Cost Pressures - The company's gross margin has declined from 18.96% in 2022 to 18.42% in 2024, indicating potential profitability challenges [6]. - Rising raw material costs, particularly steel, could negatively impact profits, with a 1%-3% increase in raw material prices potentially leading to a profit decrease of approximately 4.63%-13.89% [6].

Core Viewpoint - The recent listing of Youli Intelligent Equipment Co., Ltd. on the Beijing Stock Exchange marks the fourth photovoltaic company to go public in A-shares this year, with significant initial stock price volatility and concerns about the company's competitive advantages and market conditions [2][3]. Company Overview - Youli Intelligent focuses on the core components of photovoltaic brackets, with main products including Torque Tube (TTU), Bearing Assembly (BHA), Installation Structure (URA), and Purlin (RAIL) [3][4]. - The company has shown exceptional performance in a challenging market, with revenue growth from 433 million yuan in 2022 to 729 million yuan in 2024, and net profit doubling from approximately 41.95 million yuan to 89.86 million yuan over the same period [4]. Financial Performance - In Q1 2025, Youli Intelligent reported revenue of 272 million yuan, a year-on-year increase of 47.33%, and a net profit of approximately 32.87 million yuan, up 16.24% from the previous year [4]. - The company anticipates revenue for the first half of 2024 to be between 462 million and 482 million yuan, representing a growth of 24.43% to 29.82% compared to the same period in 2023 [4]. Market Dynamics - Over 70% of Youli Intelligent's revenue comes from overseas markets, with significant exports to regions including Brazil, Chile, Australia, Canada, Europe, and the Middle East [5]. - The global market for tracking brackets is highly concentrated, with NEXTracker holding a stable market share of 25%-30% [5]. Risks and Challenges - The company faces high customer concentration, with over 94% of revenue derived from its top five clients, including NEXTracker, which poses a risk if market conditions or client relationships deteriorate [6]. - Youli Intelligent's gross margin has been declining, with figures of 18.96%, 18.49%, and 18.42% from 2022 to 2024, indicating potential challenges in maintaining profitability amid rising raw material costs [7]. - The company’s accounts receivable have been increasing, with values of approximately 99.51 million yuan, 186.31 million yuan, and 198.14 million yuan over the same period, which may impact cash flow [7].

Core Viewpoint - The recent listing of Youli Intelligent Equipment Co., Ltd. on the Beijing Stock Exchange marks the fourth photovoltaic company to go public in A-shares this year, but the company faces significant challenges in a competitive market [2][3]. Company Overview - Youli Intelligent focuses on core components of photovoltaic brackets, including torque tubes, bearing components, installation structures, and purlins [3]. - The company has shown exceptional performance in a challenging market, with revenue growth from 433 million yuan in 2022 to 729 million yuan in 2024, and net profit doubling from approximately 41.95 million yuan to 89.86 million yuan during the same period [3][4]. Financial Performance - In Q1 2025, Youli Intelligent reported revenue of 272 million yuan, a year-on-year increase of 47.33%, and a net profit of approximately 32.87 million yuan, up 16.24% from the previous year [3]. - The company expects to achieve revenue between 462 million yuan and 482 million yuan in the first half of 2024, representing a growth of 24.43% to 29.82% compared to the same period in 2023 [4]. Market Dynamics - Youli Intelligent's overseas revenue accounts for over 70% of its total income, with significant exports to regions such as Brazil, Chile, Australia, Canada, Europe, and the Middle East [4]. - The market for tracking brackets is highly concentrated, with NEXTracker being a leading player, holding a market share of 25%-30% [5]. Customer Concentration - The company has a high customer concentration, with sales to its top five customers accounting for 94.90% to 96.44% of total revenue from 2022 to 2024 [6]. - The first major customer, NEXTracker, contributed 70% of the company's revenue in 2024, indicating a significant dependency on a few key clients [6]. Risks and Challenges - Despite revenue growth, Youli Intelligent faces risks related to high customer concentration and potential adverse changes in relationships with major clients [6][7]. - The company is also vulnerable to fluctuations in raw material prices, particularly steel, which could impact profit margins if costs cannot be passed on to customers [7]. - The gross margin has shown a declining trend, with figures of 18.96%, 18.49%, and 18.42% from 2022 to 2024 [7]. Future Outlook - The market demand for tracking brackets is expected to continue growing, driven by increased penetration rates and global installation expansion [8]. - However, trade policies, such as tariffs on Chinese photovoltaic components in the U.S., may hinder market access, while emerging markets in the Middle East and Europe could provide alternative growth opportunities [8].

Trading Activity - The average daily trading volume on the Beijing Stock Exchange (BSE) decreased by 5.30% to 23.773 billion yuan compared to the previous week[1] - The average turnover rate for the BSE was 26.75% during the week[7] - The BSE's trading volume accounted for 1.40% of the total market, remaining stable compared to the previous week[11] Market Indices - The North Exchange 50 Index rose by 1.56% during the week, continuing its narrow fluctuations since reaching a year-to-date high on May 21[14] - Other indices such as the Sci-Tech 50 and the CSI 1000 also saw increases of 0.65% and 2.51% respectively[13] Sector Performance - Among the 24 sectors on the BSE, 13 sectors, including petrochemicals, had a positive median increase, while 10 sectors, including transportation, had negative median changes[21] - The petrochemical sector led with a median increase of 5.01%, while the transportation sector had a median decrease of -3.55%[21] Individual Stock Performance - 51.85% of the 270 stocks listed on the BSE saw price increases, with Huami New Materials leading with a rise of 33.97%[28] - Conversely, *ST Guandao experienced a significant drop of -22.31%[28] New Listings and IPOs - Two new stocks were offered for subscription, and one stock was listed during the week[38] - The newly listed stock, Youli Intelligent, saw a first-day price increase of 271.09% compared to its issue price[41] New Third Board Activity - The trading volume on the New Third Board increased by 35.45% compared to the previous week, with a total of 6,026 listed companies[34] - The trading amounts for the innovation layer and basic layer were 1.411 billion yuan and 213 million yuan respectively, showing a decrease of 38.87% and 16.44%[35]

Core Viewpoint - The photovoltaic industry is experiencing rapid growth due to the acceleration of global clean energy transition, with Jiangsu Youli Intelligent Equipment Co., Ltd. being a key player in the photovoltaic support structure sector, recently listed on the Beijing Stock Exchange [1] Group 1: Company Overview - Jiangsu Youli specializes in the production of key components for photovoltaic support structures, including torque tubes, bearing assemblies, installation components, and rails, which are essential for solar power systems [2] - The company has established itself as a core supplier for NEXTracker, a leading global player in the tracking support market, and has a strong international presence [5] Group 2: Market Dynamics - The global photovoltaic support structure market is projected to grow from $13.368 billion in 2022 to $24.027 billion by 2030, with a CAGR of 7.60% [11] - The demand for photovoltaic support structures is closely linked to the installation of new solar power capacity, with a significant increase in global installations expected [11] Group 3: Financial Performance - Jiangsu Youli has achieved a compound annual growth rate (CAGR) of 30.65% in net profit over the past three years, with revenue expected to rise from 433 million yuan to 729 million yuan from 2022 to 2024 [7] - The company anticipates revenue growth of 24.4% to 29.8% in the first half of 2025, driven by strong global demand for photovoltaic installations [7] Group 4: Technological Advancements - The company has made significant advancements in production efficiency and cost reduction through technological innovations, such as the application of non-rivet connection technology and optimized production processes [6] - These innovations have led to improved production capacity, with the ability to increase output from 1,500-2,000 units to 4,000-5,000 units per shift [6] Group 5: Market Expansion - Jiangsu Youli is actively expanding its domestic market presence while maintaining strong relationships with international clients, including partnerships with major domestic photovoltaic companies [12] - The company has seen its domestic revenue grow from 49.22 million yuan to 152.37 million yuan over the past three years, increasing its share of total revenue [12] Group 6: Future Outlook - The company plans to raise approximately 269.9 million yuan through its recent listing to enhance production capacity and support the growing demand for photovoltaic support structures [14] - The ongoing transition to clean energy and the increasing investment in photovoltaic projects are expected to drive further growth in the demand for support structures [14]

Core Points - The company Youli Intelligent (stock code: 920007) experienced a significant increase of 246.89% on its first day of trading, with a turnover rate of 77.21% and a transaction volume of 732 million yuan [1] - The company's main business focuses on the research, development, production, and sales of core components for photovoltaic brackets [2] Financing and Trading Details - On its debut, Youli Intelligent had a financing buy-in amount of 7.5878 million yuan, accounting for 1.04% of the total trading volume, with a latest financing balance of 6.3916 million yuan, representing 0.72% of the circulating market value [1][2] - The financing and securities lending details of other newly listed stocks on the same day indicate varying performance, with Youli Intelligent showing a notable increase compared to its peers [2][3]

Group 1 - The report indicates that the financing balance of the North Exchange is still low, with a recent increase but only accounting for 1.23% of the circulating market value compared to 2.29% for the entire A-share market, suggesting room for growth [13][9][20] - The North Exchange 50 index rose by 1.56% this week, while the trading volume decreased by 5.33%, indicating a mixed market performance with individual stocks showing increased activity despite lower index gains [9][20][21] - New stock issuance is accelerating, with the subscription for Zhigao Machinery reaching a record high of 731.5 billion yuan, and the upcoming subscription for Hongyuan Co. on August 11 [10][11][12] Group 2 - The report highlights that the North Exchange has seen a total of 270 companies listed as of August 8, 2025, with the recent listing of Youli Intelligent and the upcoming subscriptions for Hongyuan Co. and others [37][38] - The report notes that the top-performing stocks this week included Huami New Materials and Jiaoda Iron Development, with significant price increases of 33.97% and 25.58% respectively [44][49] - The report provides insights into the new third board, indicating that six new companies were listed and two were delisted, with a total of 6026 companies currently listed [56][58]