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].

Core Viewpoint - Youli Intelligent (920007) is publicly issuing shares to unspecified qualified investors and is set to list on the Beijing Stock Exchange, showcasing a growth trajectory in its main business revenue from 2022 to 2024 [1] Company Summary - Youli Intelligent's projected main business revenues for 2022, 2023, and 2024 are 416.80 million yuan, 639.45 million yuan, and 715.97 million yuan respectively, indicating a growth trend [1] - The company has been deeply engaged in the photovoltaic bracket sector since its establishment, focusing on the research, production, and sales of core components for photovoltaic brackets [1] - Main products include the photovoltaic bracket main support torque tube (TTU), photovoltaic bracket bearing assembly (BHA), photovoltaic module installation structural components (URA), and purlins (RAIL) [1] Industry Summary - The photovoltaic industry has experienced rapid development in recent years, with a continuous increase in global newly installed photovoltaic capacity [1] - The increase in shipment volumes from downstream photovoltaic bracket customers, such as NEXTracker, has driven the sustained growth of the company's revenue scale [1]

Core Viewpoint - Youli Intelligent (920007) is focusing on the public offering of stocks to unspecified qualified investors and aims to list on the Beijing Stock Exchange, emphasizing its profitability through direct sales and commitment to the photovoltaic support structure sector [1] Company Overview - Youli Intelligent has been dedicated to the research, production, and sales of core components for photovoltaic supports since its establishment [1] - The company’s main products include the Torque Tube (TTU), Bearing Assembly (BHA), Installation Structure Components (URA), and Rails (RAIL) [1] Operational Strengths - The company has continuously improved its technical processes, enhanced production delivery capabilities, and improved product quality and efficiency over its operational history [1] - Youli Intelligent has established stable partnerships with well-known domestic and international manufacturers, which significantly supports its revenue growth and profitability [1]

Core Viewpoint - Youli Intelligent (920007) is conducting a public offering of shares to unspecified qualified investors and is set to list on the Beijing Stock Exchange, highlighting its strong position in the photovoltaic support bracket sector [1] Company Overview - Youli Intelligent specializes in the research, production, and sales of core components for photovoltaic support brackets, including Torque Tubes (TTU), Bearing Components (BHA), Installation Structures (URA), and Rails (RAIL) [1] - The company has established itself as a major supplier in the non-U.S. market for NEXTracker, the world's largest tracking system solution provider [1] Industry Insights - The demand for tracking brackets is influenced by the penetration rate of tracking systems and the new installed capacity of large ground power stations globally [1] - Youli Intelligent has seen steady growth in shipment volumes, indicating a strong market presence and recognition from both domestic and international clients [1]

Core Viewpoint - Youli Intelligent (酉立智能) is conducting an IPO to raise funds for the construction of a production base for core components of photovoltaic brackets, expansion of its R&D center, and smart upgrades, aiming to share the benefits of global clean energy transition with investors [1] Group 1: Financial Overview - The IPO is expected to raise a total of 269 million yuan, which could increase to 309 million yuan if the overallotment option is fully exercised [1] - The company achieved revenue of 729 million yuan in 2024, representing a year-on-year growth of 10.8%, and a net profit of 90.05 million yuan, up 15% [2] - For Q1 2025, revenue and net profit grew by 47% and 16% respectively, continuing a strong growth trend [2] - The comprehensive gross margin remained stable between 18.4% and 19.0% from 2022 to 2024, with a positive operating cash flow of 35.74 million yuan in 2024 [5] Group 2: Market Position and Client Base - The company focuses on the photovoltaic bracket sector, producing core components such as torque tubes (TTU) and bearing components (BHA), which are widely used in large photovoltaic power station projects globally [2] - The company has established strong ties with leading global tracker manufacturers like NEXTracker, with external sales accounting for 88.19%, 73.06%, and 78.72% of main business revenue in 2022, 2023, and 2024 respectively [3] - The company is expanding its global footprint with factories in Thailand to serve the U.S. market and a subsidiary in Saudi Arabia [3] Group 3: Technological Advancements - Youli Intelligent holds 61 patents, including 11 invention patents, and has participated in drafting industry standards for intelligent photovoltaic tracking brackets [4] - R&D investment increased from 5.07 million yuan in 2022 to 12.13 million yuan in 2024, maintaining a stable proportion of around 1.7% of revenue [4] Group 4: Future Growth Prospects - Post-IPO, the company will add annual production capacity of 1.2 million TTUs and 1.8 million rails [6] - Management anticipates revenue for the first half of 2025 to be between 462 million yuan and 482 million yuan, representing a growth of 24.43% to 29.82% compared to the same period in 2024 [6] - The expected net profit for the same period is projected to be between 54.96 million yuan and 56.96 million yuan, indicating a growth of 11.12% to 15.16% year-on-year [6]