Shanghai YanPu(605128)2024-12-03 09:13Group 1: Company Overview - Shanghai Yanpu Metal Products Co., Ltd. was established on April 19, 1999, primarily producing metal components for automotive parts, including seat frame assemblies and precision stamped parts [5] - The company has established good cooperative relationships with well-known automotive parts manufacturers such as Dongfeng Lear and Magna, becoming a key strategic supplier [6] - As of June 30, 2024, the company's total share capital is RMB 118,404,400 [6] Group 2: Financial Performance - In 2023, the company achieved operating revenue of RMB 1.519 billion, a year-on-year increase of 35.38% [8] - The net profit attributable to shareholders was RMB 91.1782 million, up 99.32% year-on-year, while the net profit after deducting non-recurring gains and losses was RMB 87.8707 million, a growth of 174.72% [8] - For the first three quarters of 2024, the company reported operating revenue of RMB 1.499 billion, a year-on-year increase of 46.97% [9] Group 3: Product Categories - The main products include: 1. Seat frame assemblies (including seat slides) 2. Precision stamped parts (for seat belts, locking systems, exhaust systems, etc.) 3. Precision injection molded parts 4. Molds used in conjunction with the above products [8] Group 4: Market Position and Growth - The revenue from seat frame assemblies accounted for over 50% of total revenue in the first three quarters of 2024, with stable supply to major clients like Dongfeng Lear [9] - The company's strong growth in profits is attributed to technological innovation and effective cost control [9]