Core Viewpoint - On September 23, 2023, YouSheng Aluminum Industry Co., Ltd. (SH:603418) was listed on the Shanghai Stock Exchange, raising approximately 2.238 billion yuan with a significant initial price surge [1][3]. Company Overview - YouSheng Aluminum was established in December 1992, with a registered capital of approximately 145 million yuan. The main shareholders include Shanghai ZeSheng Trading Co., Ltd., DaChen Capital, and JinPu Investment [3][4]. - The company specializes in the design, development, production, sales, and service of lightweight aluminum alloy automotive components, focusing on the new energy vehicle sector [5]. Financial Performance - The company reported revenues of approximately 2.35 billion yuan, 2.90 billion yuan, and 3.95 billion yuan for the years 2022, 2023, and 2024, respectively. Net profits for the same years were approximately 233 million yuan, 321 million yuan, and 405 million yuan [5][6]. - For the first half of 2025, YouSheng Aluminum achieved revenues of about 2.176 billion yuan, a 30.76% increase year-on-year, with net profits of approximately 221 million yuan, reflecting a 50.07% growth [6]. Market Position and Clients - Major clients include Tesla, GAC Group, NIO, and others, with Tesla being the largest customer, accounting for sales of approximately 475 million yuan, 704 million yuan, and 650 million yuan in 2022, 2023, and 2024, respectively [7]. - In 2024, CATL and others ranked as the second to fifth largest customers, indicating a diversified client base [7]. Stock Performance - The initial public offering (IPO) price was set at 46.36 yuan per share, with the stock opening at 90.02 yuan, marking a 94.17% increase on the first day. As of the close on September 23, 2025, the stock price was 79.50 yuan, representing a 71.48% increase from the IPO price [1].
友升股份在A股上市，涨幅为71.48%，市值约153亿元