Xin Hua Wang·2025-08-12 05:47Core Viewpoint - YouSheng Co., Ltd. has received approval for its IPO on the Shanghai Stock Exchange, aiming to raise 2.471 billion yuan for various projects, primarily in the lightweight aluminum alloy components for the new energy vehicle sector [1][2]. Group 1: IPO Details - YouSheng plans to issue no more than 48.267 million shares and intends to raise 2.471 billion yuan [1]. - The funds will be allocated to the Yunnan YouSheng lightweight aluminum alloy components production base project (Phase I) with 1.271 billion yuan, a project for producing 500,000 battery trays and 200,000 undercarriage sets with 700 million yuan, and 500 million yuan for working capital [1]. Group 2: Company Overview - YouSheng is a specialized manufacturer of aluminum alloy automotive components, focusing on the new energy vehicle sector, with a product range that includes door sill beams, battery trays, bumpers, and subframes [1]. - The company has established long-term stable partnerships with leading new energy vehicle manufacturers such as Tesla, GAC Group, NIO, BAIC New Energy, and Geely Group, due to its advanced technology and strong product development capabilities [1]. Group 3: Financial Performance - The company has experienced significant revenue growth, with reported revenues of 811 million yuan, 1.511 billion yuan, 2.350 billion yuan, and 1.164 billion yuan for the years 2020, 2021, 2022, and the first half of 2023, respectively [2]. - Corresponding net profits for the same periods were 56.048 million yuan, 129 million yuan, 233 million yuan, and 110 million yuan [2]. Group 4: Future Outlook - YouSheng aims to capitalize on the rapid growth of the new energy vehicle industry and align with national goals of "carbon peak and carbon neutrality," while expanding its product and technology applications within the new energy vehicle supply chain [2].