Core Viewpoint - The successful IPO of YouSheng Aluminum Co., Ltd. marks a significant milestone for the company, which focuses on lightweight automotive components and aims to contribute to the low-carbon transition of the automotive industry in China [1][3]. Company Overview - Founded in 1992, YouSheng specializes in the design, development, production, sales, and service of aluminum alloy automotive components, positioning itself as a pioneer in lightweight components for new energy vehicles [3]. - The company has established a diverse product system, including threshold beams, battery trays, bumpers, and subframes, primarily targeting the new energy vehicle sector [3]. - YouSheng has formed long-term partnerships with leading global automakers such as Tesla, GAC Group, NIO, BAIC New Energy, and Geely Group, as well as notable suppliers in the fuel vehicle sector [3]. Financial Performance - The company reported revenues of 2.35 billion yuan, 2.90 billion yuan, and 3.95 billion yuan for the years 2022, 2023, and 2024, respectively, with net profits of 233 million yuan, 321 million yuan, and 405 million yuan [4]. - In the first half of 2025, YouSheng achieved a revenue of 2.18 billion yuan, reflecting a year-on-year growth of 30.76%, and a net profit of 221 million yuan, marking a 50.07% increase compared to the previous year [4]. Fundraising and Investment Plans - The company raised 2.471 billion yuan in its IPO, which will be allocated to three projects: the Yunnan YouSheng lightweight aluminum alloy component production base, a project for producing 500,000 battery trays and 200,000 underbody components, and to supplement working capital [5]. Future Development Strategy - YouSheng plans to expand its influence in the new energy vehicle component sector by targeting high-end domestic and international clients and enhancing its position in the industry chain [6]. - The company aims to increase R&D investment and continuously develop new products and technologies to improve product performance and production efficiency [6]. - YouSheng is committed to responding to the "carbon peak and carbon neutrality" goals and aligning with the "14th Five-Year Plan" to enhance its contributions to the industrial level of new energy vehicles in China [6]. Industry Positioning - Aluminum alloy components are increasingly recognized for their lightweight, reliability, and thermal stability, making them ideal for automotive applications, particularly in high-weight areas such as threshold beams, battery trays, bumpers, and subframes [6]. - YouSheng leverages its extensive experience in aluminum alloy material formulation and processing to extend its capabilities into deep processing and maintain a leading position in niche markets [6]. Global Expansion - The company is actively pursuing a dual circulation development strategy, establishing modern manufacturing bases in Shanghai, Shandong, and Chongqing, while also expanding globally with production facilities in Mexico and a European presence in Bulgaria [7]. - YouSheng aims to enhance its international competitiveness and brand influence, aspiring to become a top-tier supplier in the global automotive industry [7].
友升股份：专注轻量化汽车零部件 募资24.71亿元布局新产能