Core Viewpoint - The article discusses the approval of two companies for IPOs, highlighting their business models, financial performance, and the context of their market operations [1]. Group 1: Company Overview - Shanghai YouSheng Aluminum Co., Ltd. specializes in the design, development, production, and sales of aluminum alloy auto parts, focusing on lightweight components for new energy vehicles [5][6]. - Shanghai BaLanShi Automotive Testing Equipment Co., Ltd. is a high-tech enterprise dedicated to the R&D, production, and sales of automotive maintenance and testing equipment [11]. Group 2: Financial Performance - For YouSheng Aluminum, the reported revenues for the last three years were 2,350.12 million yuan, 2,904.86 million yuan, and 3,950.16 million yuan, with net profits of 224.35 million yuan, 319.07 million yuan, and 401.16 million yuan respectively [7]. - For BaLanShi, the revenues were 642.64 million yuan, 794.26 million yuan, and 1,057.13 million yuan, with net profits of 44.53 million yuan, 79.19 million yuan, and 127.54 million yuan respectively [13]. Group 3: Shareholding Structure - YouSheng Aluminum's major shareholder is ZeSheng Trading, holding 61.99% of the shares, while the actual controllers, Luo Shibing and his spouse Jin Liyan, control a total of 70.44% [6]. - BaLanShi has no controlling shareholder, with the largest shareholder, Cai Xilin, holding 18.27% of the shares, and the actual controllers, Cai Xilin and Sun Lina, collectively controlling 46.66% [12]. Group 4: Market and Competitive Landscape - YouSheng Aluminum is focused on the new energy vehicle sector, aiming to enhance the range of electric vehicles and reduce emissions from fuel vehicles, with a diverse product line including battery trays and bumper series [5][8]. - BaLanShi's product offerings include tire changers, balancing machines, and other automotive maintenance equipment, with a focus on expanding its market presence in Europe, Asia, and South America [11][14].