特斯拉、小米汽车“小伙伴”,来了!
Zhong Guo Ji Jin Bao·2025-09-07 04:57

Summary of Key Points Core Viewpoint - Three new stocks are available for subscription next week, including YouSheng Co., which supplies parts to Tesla and Xiaomi vehicles [1][13]. Group 1: ShiChang Co. - ShiChang Co. has its largest customer as Geely Automobile [2]. - The subscription code for ShiChang Co. is 920022, with an issue price of 10.90 CNY per share and a P/E ratio of 10.32, compared to the industry average of 28.77 [3]. - The total issuance is 15.7 million shares, with 12.56 million shares available for online subscription, and a maximum subscription limit of 745,700 shares [4]. - ShiChang Co. specializes in the R&D, production, and sales of automotive fuel systems, primarily producing plastic fuel tank assemblies with features like lightweight, low emissions, and high safety [4]. - The company has a high customer concentration risk, with the top five customers accounting for 93.22% to 95.56% of revenue from 2022 to 2024 [4]. - Projected revenues for ShiChang Co. are 282 million CNY in 2022, 406 million CNY in 2023, and 515 million CNY in 2024, with net profits of 18.12 million CNY, 51.93 million CNY, and 69.24 million CNY respectively [4][6]. Group 2: HaoChuangRuiTong - HaoChuangRuiTong is recognized as a national-level specialized "little giant" enterprise [8]. - The subscription code for HaoChuangRuiTong is 301668, with total issuance of 27.9 million shares, including 6.7 million shares for online subscription [9]. - The company focuses on smart distribution equipment and digital solutions for distribution networks, with major clients including State Grid and Southern Power Grid [9]. - Projected revenues for HaoChuangRuiTong are 560 million CNY in 2022, 672 million CNY in 2023, and 867 million CNY in 2024, with net profits of 68.76 million CNY, 87.41 million CNY, and 111 million CNY respectively [9][12]. Group 3: YouSheng Co. - YouSheng Co. is a significant supplier of aluminum alloy components for new energy vehicles, with products including threshold beams and battery trays [14][15]. - The subscription code for YouSheng Co. is 732418, with total issuance of 48.27 million shares, including 15.45 million shares for online subscription [14]. - The company supplies to major clients such as Tesla, GAC Group, and NIO, with products for Tesla's Model Y and Model 3 [15]. - Projected revenues for YouSheng Co. are 2.35 billion CNY in 2022, 2.90 billion CNY in 2023, and 3.95 billion CNY in 2024, with net profits of 233 million CNY, 321 million CNY, and 405 million CNY respectively [17]. - For the first three quarters of 2025, YouSheng Co. expects revenues between 3.41 billion CNY and 3.51 billion CNY, with net profits between 348 million CNY and 360 million CNY [19].