上海友升铝业股份有限公司 2025 年第三季度报告 证券代码：603418 证券简称：友升股份 上海友升铝业股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 1 / 13 上海友升铝业股份有限公司 2025 年第三季度报告 | 经营活动产生的现金流 | 不适用 | 不适用 | 183,448,106.76 | | -191.97 | | --- | --- | --- | --- | --- | --- | | 量净额 | | | | | | | 基本每股收益（元/股） | 0.95 | 22.34 | 2.48 | | 38.08 | | 稀释每股收益（元/股） | 0.95 | 22.34 | 2.48 | | 38.08 | | 加权平均净资产收益率 | | 减少0.35个 | | 增加 1.31 | 个百 | | （%） | 6.08 | 百分点 | 16.78 | | 分点 | | | | | | 本报告期末比 | | | | 本报告期末 | | 上年度末 | 上 ...

- The report tracks the recent IPO market performance, focusing on the net gains from new stock listings across the Sci-Tech Innovation Board, ChiNext, and Main Board, assuming all stocks are successfully subscribed and sold at the market average price on the first trading day, excluding lock-up restrictions[1][11][39] - The cumulative IPO net gains for A-class accounts with a scale of 2 billion reached 2.44%, while B-class accounts of the same scale achieved 2.19% as of October 24, 2025[11][39] - For larger accounts with a scale of 10 billion, the IPO net gains were significantly lower, with A-class accounts at 0.77% and B-class accounts at 0.70%[11][39] - The average first-day price increase for Sci-Tech Innovation Board stocks was 218.45%, while ChiNext stocks saw an average increase of 244.28%[1][16] - The report provides detailed calculations for theoretical IPO gains, using formulas such as: $ Full subscription quantity = Maximum subscription limit × Average offline subscription rate $ $ Full subscription gains = (First-day average price - IPO price) × Full subscription quantity $[35][39] - The highest full subscription gains among recent IPOs were achieved by United Power, Jindal Zhixin, and C Marco, with gains of 50.81, 12.58, and 11.03 million yuan respectively[35][38] - The report also includes monthly tracking of IPO gains for A-class accounts across different scales, showing a cumulative gain rate of 6.17% for 2 billion accounts since 2024, and 2.44% for 2025 alone[39][41] - Similar tracking for B-class accounts reveals a cumulative gain rate of 5.11% for 2 billion accounts since 2024, and 2.19% for 2025 alone[47][45] - The report highlights the IPO subscription process, including strategic placement, offline inquiry, and online pricing methods, with detailed statistics on subscription rates, oversubscription multiples, and effective subscription ratios for recent IPOs like Xi'an Yicai and Bibet[24][25]

Core Insights - The automotive parts sector experienced a rise of 1.54% on October 24, with Meili Technology leading the gains [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Automotive Parts Sector Performance - Meili Technology (300611) closed at 35.18, with a significant increase of 10.77% and a trading volume of 304,900 shares [1] - Other notable gainers included: - Qingdao Double Star (000599) at 6.33, up 10.09% with a volume of 515,800 shares [1] - Xinquan Co. (603179) at 73.59, up 10.00% with a volume of 264,900 shares [1] - Shenglong Co. (603178) at 22.88, up 10.00% with a volume of 291,800 shares [1] - Aerospace Science and Technology (000901) at 18.62, up 9.98% with a volume of 322,600 shares [1] Fund Flow Analysis - The automotive parts sector saw a net inflow of 1.289 billion yuan from main funds, while retail investors experienced a net outflow of 109 million yuan [2] - The sector's overall trading activity indicates a strong interest from institutional investors despite some outflows from retail investors [2]

Group 1 - The core viewpoint of the news is that YouSheng Co., Ltd. has experienced a stock price increase of 2.02% on October 23, with a current trading price of 62.71 yuan per share and a total market capitalization of 12.107 billion yuan [1] - The company has seen a net inflow of main funds amounting to 11.5421 million yuan, with large orders accounting for 25.45% of total buying and 23.62% of total selling [1] - Year-to-date, YouSheng's stock price has decreased by 21.12%, but it has increased by 2.97% over the last five trading days [1] Group 2 - YouSheng Co., Ltd. is a professional manufacturer of aluminum alloy automotive parts, with its main business income composition being 44.25% from threshold beams, 26.94% from battery trays, and 10.66% from bumpers [2] - The company is classified under the automotive industry, specifically in the automotive parts sector, and is involved in concepts such as automotive lightweighting and new energy vehicles [2] - For the first half of 2025, YouSheng achieved an operating income of 2.176 billion yuan, representing a year-on-year growth of 30.76%, and a net profit attributable to shareholders of 221 million yuan, with a year-on-year increase of 50.07% [2]

Core Insights - On October 22, YouSheng Co., Ltd. experienced a stock price increase of 1.89% with a trading volume of 329 million yuan [1] - The company reported a net financing outflow of 5.13 million yuan on the same day, with a total financing and securities balance of 187 million yuan [1] - As of September 23, the number of shareholders increased significantly by 414,605.88%, with an average of 573 circulating shares per person [2] Financial Performance - For the first half of 2025, YouSheng Co., Ltd. achieved a revenue of 2.176 billion yuan, representing a year-on-year growth of 30.76% [2] - The net profit attributable to shareholders for the same period was 221 million yuan, showing a year-on-year increase of 50.07% [2] Business Overview - YouSheng Co., Ltd. specializes in the design, development, production, sales, and service of aluminum alloy automotive components [1] - The main revenue sources include: threshold beam series (44.25%), battery tray series (26.94%), bumper series (10.66%), and other components [1]

Core Viewpoint - The stock performance of YouSheng Co., Ltd. is influenced by multiple factors, with the company currently experiencing stable growth in its operations and performance [2] Group 1 - The company reported that its current operational situation is good, with steady growth in performance [2] - The management team is committed to strengthening the operational management foundation to enhance the company's performance and market value [2]

Group 1 - The company announced that it will hold the 10th meeting of the second board and the 10th meeting of the second supervisory board on October 14, 2025 [2] - The board approved a proposal to use raised funds to provide interest-free loans to its wholly-owned subsidiary for the implementation of fundraising projects [2] - The company plans to provide a total of 1,060.2832 million yuan and 517.1977 million yuan in one or multiple installments to its subsidiary [2]

Core Viewpoint - The company, YouSheng Co., announced adjustments to the investment amounts for certain fundraising projects during its board and supervisory meetings held on October 14, 2025 [1] Group 1 - The second session of the board of directors and the supervisory board held their tenth meetings on October 14, 2025 [1] - The company approved a proposal to adjust the investment amounts for some fundraising projects based on actual circumstances [1]

Group 1 - The company YouSheng Co., Ltd. (SH 603418) announced on October 14 that its second board meeting will be held on the same day, discussing the adjustment of investment amounts for certain projects [1] - For the fiscal year 2024, the revenue composition of YouSheng Co., Ltd. is as follows: threshold beam series 44.25%, battery tray series 26.94%, others 14.97%, bumper series 10.66%, and subframe series 3.18% [1] - As of the report date, YouSheng Co., Ltd. has a market capitalization of 11.8 billion yuan [1]

国泰海通证券股份有限公司 关于上海友升铝业股份有限公司 使用部分暂时闲置募集资金进行现金管理的核查意见 国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐人"）作为上 海友升铝业股份有限公司（以下简称"友升股份"、"公司"或"发行人"）首次 公开发行股票并在主板上市的保荐人，根据《证券发行上市保荐业务管理办法》 《上市公司募集资金监管规则》《上海证券交易所上市公司自律监管指引第 1 号 ——规范运作》《上海证券交易所股票上市规则》等有关法律法规和规范性文件 的要求，就友升股份使用暂时闲置募集资金进行现金管理的事项进行了审慎核查， 并发表如下核查意见: 一、募集资金基本情况 经中国证券监督管理委员会《关于同意上海友升铝业股份有限公司首次公开 发行股票注册的批复》（证监许可〔2025〕1616 号）核准，公司首次公开发行人 民币普通股（A 股）股票 4,826.7111 万股，每股发行价格为人民币 46.36 元，募 集资金总额为人民币 223,766.33 万元，扣除各项发行费用后实际募集资金净额为 人民币 207,748.09 万元。上述募集资金到位情况已经中汇会计师事务所（特殊普 通合伙）验证，并由其出 ...