Shanghai YanPu(SH:605128)2024-09-30 10:05Company Overview - Shanghai Yanpu Metal Products Co., Ltd. was established on April 19, 1999, and primarily produces metal components for automotive parts, including seat frames and precision stamping parts [3][4] - The company went public on the Shanghai Stock Exchange on September 15, 2020, with stock code 605128 and convertible bond code 111008 [4][5] Financial Performance - In 2023, the company achieved a revenue of CNY 1.519 billion, representing a year-on-year growth of 35.38% [6] - The net profit attributable to shareholders was CNY 91.1782 million, with a year-on-year increase of 99.32% [6] - For the first half of 2024, revenue reached CNY 987 million, showing a year-on-year growth of 58.96% [6] - The net profit attributable to shareholders for the same period was CNY 61.9109 million, up by 95.15% year-on-year [6] Business Expansion - The company has established 16 subsidiaries across various regions in China, including locations in Wuhan, Dalian, and Chongqing [5][6] - It has three holding companies, with significant ownership stakes, including Shanghai Yanpu Huayue Intelligent Technology Co., Ltd. (50.5% stake) [5][6] - The company also has three equity investees located in Hubei, Anhui, and Hunan provinces [6] New Projects and Clients - The company has secured new projects with major automotive manufacturers, including a project expected to generate CNY 2.269 billion in revenue over its lifecycle, with production starting in March and July 2025 [7] - Another project is anticipated to yield CNY 209 million in revenue, with production commencing in October 2025 [7] Strategic Partnerships - Shanghai Yanpu has established strong partnerships with renowned automotive parts manufacturers, including Dongfeng Lear Group and Magna [4][6] - The company emphasizes technological research and development, focusing on new product and mold development to enhance production efficiency and product quality [4][6]