Group 1 - The stock of YouSheng Co., Ltd. (603418.SH) closed at 71.25 yuan, with a decline of 10.38%, and a total market capitalization of 13.756 billion yuan [1] - The stock reached an intraday low of 70.95 yuan, marking a new low since its listing [1] - YouSheng Co., Ltd. was listed on the Shanghai Stock Exchange on September 23, with an issuance of 48.267 million shares at a price of 46.36 yuan per share [1] Group 2 - The total amount raised from the issuance was 2.237 billion yuan, with a net amount of 2.078 billion yuan [2] - The net amount raised was 393.3736 million yuan less than the original plan [2] - The company planned to raise 2.470 billion yuan for projects including a lightweight aluminum alloy component production base and to supplement working capital [2] - The total issuance costs amounted to 160.1824 million yuan, excluding VAT, with underwriting fees of 123.0715 million yuan [2]

Core Viewpoint - Shanghai Yousheng Aluminum Industry Co., Ltd. (Yousheng Co.) has successfully listed on the Shanghai Stock Exchange, with a significant opening price and trading performance, indicating strong market interest and potential for growth in the lightweight automotive parts sector [1]. Company Overview - Yousheng Co. specializes in the design, development, production, sales, and service of aluminum alloy automotive components, focusing on lightweight parts to enhance the range of electric vehicles and improve fuel efficiency in traditional vehicles [1]. - The company has a total market capitalization of 15.349 billion yuan after its initial public offering [1]. Financial Performance - In 2022, 2023, and 2024, Yousheng Co. reported revenues of 2.350 billion yuan, 2.905 billion yuan, and 3.950 billion yuan, respectively, with net profits of 233 million yuan, 321 million yuan, and 405 million yuan [6][7]. - The company’s net profit margin has shown a consistent increase, with a basic earnings per share of 2.80 yuan in 2024, up from 1.74 yuan in 2022 [7][10]. Fundraising and Investment Plans - Yousheng Co. raised a total of 2.237 billion yuan through its IPO, with a net amount of 2.078 billion yuan after expenses, which is lower than the initial target of 2.471 billion yuan [4][5]. - The funds will be allocated to projects including the Yunnan lightweight aluminum alloy component production base and the production of battery trays and vehicle underbodies [5][6]. Market Outlook - For the first half of 2025, Yousheng Co. achieved a revenue of 2.176 billion yuan, reflecting a year-on-year growth of 30.76%, and a net profit of 221 million yuan, up 50.07% [11][12]. - The company anticipates a revenue range of 3.406 billion to 3.506 billion yuan for the first nine months of 2025, indicating a growth of 25.35% to 29.03% compared to the previous year [13].

Group 1 - The company is a professional manufacturer of aluminum alloy automotive components, focusing on lightweight automotive parts to enhance the range of electric vehicles and improve fuel efficiency in traditional vehicles [2] - The controlling shareholder of the company is Shanghai Zesheng Trading Co., Ltd., which holds 89.76 million shares, accounting for 61.99% of the total shares before this issuance [2] - The actual controllers of the company are Luo Shibing and his spouse Jin Liyan, who collectively control 70.44% of the shares [2] Group 2 - The company plans to raise approximately 247.09 million yuan for the Yunnan Yousheng lightweight aluminum alloy component production base project (Phase I), with an annual production capacity of 500,000 battery trays and 200,000 undercarriage sets, as well as to supplement working capital [2] - The company disclosed its initial public offering (IPO) announcement on September 11, 2025, indicating an expected total fundraising amount of 223.77 million yuan at the issuance price of 46.36 yuan per share [3] - After deducting approximately 16.02 million yuan in issuance costs, the net fundraising amount is expected to be around 207.75 million yuan [3]