证券代码：603418 证券简称：友升股份 公告编号：2025-003 上海友升铝业股份有限公司 第二届监事会第十次会议决议公告 1 具体内容详见公司在上海证券交易所官方网站（www.sse.com.cn） 披露的《上海友升铝业股份有限公司关于调整部分募投项目拟投入金 额的公告》（公告编号：2025-004）。 表决结果：同意 3 票，反对 0 票，弃权 0 票。 （二）审议并通过了《关于使用募集资金向全资子公司借款以实 施募投项目的议案》。 根据公司首次公开发行募投项目规划，公司募投项目"云南友升 轻量化铝合金零部件生产基地项目（一期）"的实施主体为公司全资 子公司云南友升铝业有限公司（以下简称"云南友升"），募投项目 "年产 50 万台（套）电池托盘和 20 万套下车体制造项目"的实施主 体为公司全资子公司江苏友升汽车科技有限公司（以下简称"江苏友 升"）。为保障募投项目的顺利实施，公司拟将本次募集资金中 106,028.32 万元、51,719.77 万元一次或分次向云南友升、江苏友升 提供无息借款以实施前述募投项目。 本公司监事会及全体监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 ...

证券代码：603418 证券简称：友升股份 公告编号：2025-002 上海友升铝业股份有限公司 第二届董事会第十次会议决议公告 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。 一、董事会会议召开情况 上海友升铝业股份有限公司（以下简称"公司"）第二届董事会 第十次会议通知和材料于 2025 年 10 月 9 日以邮件、微信方式送达公 司全体董事，会议于 2025 年 10 月 14 日在公司会议室以现场结合通 讯的方式召开。会议应出席董事 7 人，实际出席董事 7 人（其中：委 托出席董事人数 0 人，以通讯表决方式出席会议的人数 3 人）。会议 由董事长罗世兵先生召集并主持，公司高级管理人员列席会议。本次 会议的召集、召开及表决程序符合《中华人民共和国公司法》等法律、 法规、规范性文件以及《上海友升铝业股份有限公司章程》的有关规 定。 二、董事会会议审议情况 （一）审议并通过了《关于调整部分募投项目拟投入金额的议案》。 保荐人对本议案出具了核查意见。 具体内容详见公司在上海证券交易所官方网站（www.sse.com.cn ...

Company Overview - YouSheng Co., Ltd. (stock code: 603418) specializes in the design, development, production, sales, and service of aluminum alloy automotive components, with products including threshold beams, battery trays, bumpers, and subframes, applicable to both new energy and fuel vehicles [3] - Major clients include Tesla, Xiaomi, and Volkswagen [3] Stock Performance - The stock was listed on September 23, 2025, with an initial offering price of approximately 46 yuan, reaching a peak of 92 yuan on the first trading day [3] - Within seven days of listing, the stock price has declined for five consecutive days, dropping from a high of 92 yuan to 65 yuan, causing significant losses for retail investors [3][4] - The stock's market capitalization is currently 12.548 billion yuan, with a circulation of 2.627 billion shares [4] Financial Performance - The company's net profit is projected to grow from 233 million yuan in 2022 to 405.2 million yuan in 2024, indicating a positive trend in profitability despite the declining stock price [5] - The company raised over 2.4 billion yuan in its IPO, which was nearly four times the previous application amount, with a significant increase in working capital needs from 100 million yuan to 500 million yuan [7] Investor Sentiment - Many investors express frustration over the stock's performance, noting that it has become a common occurrence for new stocks to experience high opening prices followed by sharp declines, often leaving retail investors at a loss [9][11] - There is a perception that institutional investors manipulate the stock price by selling after driving it up on the first day, leaving retail investors to bear the losses [9]

Group 1: IPO Market Trends - In September 2025, the A-share market saw 12 new IPOs, raising a total of 11.9 billion yuan, a 308% increase month-on-month[9] - The Shanghai and Shenzhen markets issued 8 new stocks in September, with a total fundraising of 10.6 billion yuan, marking a 607% increase month-on-month[9] - The average first-day closing price increase for new stocks in the Shanghai and Shenzhen markets was 207%, maintaining a "zero break" status for the year[33] Group 2: Valuation and Investor Participation - The average first-day PE ratio for new stocks was 24 times, with a 31% discount compared to comparable companies, indicating a narrowing valuation gap[20] - The average subscription rate for A/B class investors in the Shenzhen market was 0.0216%/0.0182%, reflecting a decrease of 1% and 15% respectively month-on-month[27] - The average number of offline inquiry products in the Shenzhen market reached a new high, with 8,275 products participating in September[24] Group 3: Regulatory Environment and Future Outlook - As of September 2025, there were 118 IPO projects pending approval in the Shanghai and Shenzhen markets, with a total proposed fundraising of 208.8 billion yuan[59] - The approval and registration process for IPOs has accelerated, with 12 projects reviewed and 13 registered in September, both hitting yearly highs[54] - Risks include potential changes in the IPO review pace, adjustments in issuance systems, and fluctuations in investor participation[48]

- The report tracks the performance of new stock issuances in September 2025, noting that 11 new stocks were listed, raising a total of 11.689 billion yuan, a 185.58% increase from the previous month[1][12][13] - Among these, 8 stocks were issued offline, raising 10.628 billion yuan, a 314.65% increase from the previous month[1][12][13] - The number of accounts participating in initial inquiries has steadily increased, with 9194 accounts for the main board and 8306 for the dual innovation board (comprising the ChiNext and STAR Market)[2][24][25] - The average first-day increase for main board stocks was 131.33%, while for the dual innovation board, it was 251.91%[2][24][25] - The offline subscription rates for A and C class investors were 0.11‰ and 0.11‰ for the main board, and 0.22‰ and 0.20‰ for the dual innovation board, respectively[2][24][25] - The report provides a detailed calculation method for new stock issuance returns, using the formula: $$ \text{Single account stock issuance return} = \min(\text{account size}, \text{subscription limit}) \times \text{winning rate} \times \text{return rate} $$ $$ \text{A/B/C class investors' full return} = \text{subscription limit} \times \text{A/B/C class offline winning rate} \times \text{return rate} $$[41] - For September 2025, the return rates for a 5 billion yuan account were 0.026% for A class and 0.025% for C class on the main board, and 0.125% for A class and 0.103% for C class on the ChiNext board[42][43][44][45][46][47] - The cumulative return rates for 2025 were 1.285% for A class and 1.164% for C class accounts[48][49][50] - In a full subscription scenario, the returns for A class accounts were 133,000 yuan on the main board and 877,000 yuan on the ChiNext board, while for C class accounts, the returns were 127,000 yuan on the main board and 727,000 yuan on the ChiNext board[51][52][54] - The report also evaluates the performance of fund products and institutions in new stock issuances, listing the top-performing funds and institutions based on their participation and winning rates[57][58][60][61][62][64][65][66][67]

Core Insights - As of the end of September, 26 A-share listed companies have released their earnings forecasts for the third quarter of 2025, with 10 from the Beijing Stock Exchange not providing specific profit figures [1] - Among the companies, 11 provided clear predictions for their net profit ranges for the first three quarters, while 5 were newly listed companies [1] Group 1: Company Performance - Luxshare Precision's net profit for the first three quarters exceeded 10 billion yuan, reaching 11.117 billion yuan [1] - Other companies with net profits exceeding 300 million yuan include Changchuan Technology (850 million yuan), Dalian Heavy Industry (491 million yuan), Wanhua Chemical (380 million yuan), YouSheng Co. (354 million yuan), and Zhongtai Co. (340 million yuan) [1][2] - Significant net profit growth was observed in companies such as Yinglian Co. (1602.05% increase), Brother Technology (230.37% increase), and Changchuan Technology (138.39% increase) [1][2] Group 2: Industry Overview - The electronic industry is represented by Luxshare Precision and Changchuan Technology, both showing strong performance [2] - The machinery equipment sector includes Dalian Heavy Industry, which has also reported positive growth [2] - The basic chemical industry is represented by Wanhua Chemical and Brother Technology, both of which have shown substantial year-on-year profit increases [2]

Core Viewpoint - YouSheng Co., Ltd. (603418) experienced a decline of 3.17% in stock price with a turnover rate of 26.10% and a trading volume of 6.91 billion yuan, indicating significant market activity and investor interest [2] Trading Activity - The stock was listed on the Shanghai Stock Exchange due to its high turnover rate, with institutional investors net buying 9.37 million yuan while brokerage seats collectively net sold 14.18 million yuan [2] - The top five brokerage seats accounted for a total trading volume of 1.04 billion yuan, with buying transactions amounting to 49.72 million yuan and selling transactions totaling 54.53 million yuan, resulting in a net sell of 4.81 million yuan [2] - The main funds saw a net outflow of 45.44 million yuan, with large orders contributing to a net outflow of 20.19 million yuan and big orders contributing to a net outflow of 25.26 million yuan [2] Financial Performance - For the first half of the year, YouSheng Co., Ltd. reported a revenue of 2.176 billion yuan, reflecting a year-on-year growth of 30.76%, and a net profit of 221 million yuan, which is a 50.07% increase year-on-year [2] - The company issued a performance forecast for the third quarter, expecting a net profit between 348 million yuan and 360 million yuan, indicating a year-on-year change of 33.69% to 38.31% [2]

Group 1 - The company has not yet applied its lightweight products in the industrial robot and humanoid robot sectors [2] - The company indicated that if there are future business developments in the robotics industry, it will comply with relevant laws and regulations for timely information disclosure [2]

Group 1 - The core viewpoint of the news highlights the recent stock performance of YouSheng Co., which has seen a decline of 18.26% year-to-date and a similar drop over the last five trading days [1] - As of September 30, YouSheng Co.'s stock price was reported at 64.98 CNY per share, with a total market capitalization of 12.546 billion CNY [1] - The company experienced a net outflow of 39.3163 million CNY in principal funds, with significant selling pressure observed [1] Group 2 - YouSheng Co. is a professional manufacturer of aluminum alloy automotive components, established on December 4, 1992, and listed on September 23, 2025 [2] - The main revenue composition of YouSheng Co. includes: threshold beam series (44.25%), battery tray series (26.94%), bumper series (10.66%), and others [2] - For the first half of 2025, YouSheng Co. reported a revenue of 2.176 billion CNY, reflecting a year-on-year growth of 30.76%, and a net profit of 221 million CNY, marking a 50.07% increase [2]

Group 1 - The core viewpoint of the article is the listing of YouSheng Co., Ltd. on the Shanghai Stock Exchange, with a focus on its issuance price and earnings ratio [1][2]. - YouSheng Co., Ltd. was listed today with a stock code of 603418 and an issuance price of 46.36 yuan per share, resulting in a price-to-earnings ratio of 22.31 times [2]. - The company, established on December 4, 1992, was previously known as Shanghai YouSheng Aluminum Co., Ltd. before its name change on September 9, 2020 [2]. Group 2 - YouSheng Co., Ltd. specializes in the design, development, production, sales, and service of aluminum alloy automotive components [3]. - The announcement also included the results of the lottery for Yunhan Chip City and Ruili Kemi, with Yunhan Chip City having a total of 14,190 winning numbers and Ruili Kemi having 65,630 winning numbers [4][6].