Shanghai YanPu(SH:605128)2024-01-02 09:52Company 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 injection parts [3] - The company has established strong partnerships with well-known automotive parts manufacturers such as Dongfeng Lear Group and Magna [4] - The company was listed on the Shanghai Stock Exchange on September 15, 2020, with stock code 605128 and convertible bond code 111008 [4] Financial Performance - In 2022, the company achieved a revenue of RMB 1.122 billion, representing a year-on-year growth of 35.72%, while the net profit attributable to the parent company was RMB 31.99 million, down 47.12% [5] - For the third quarter of 2023, the company reported a revenue of RMB 1.020 billion, a year-on-year increase of 36.92%, and a net profit of RMB 60.38 million, up 104.95% [6] Business Expansion - The company has 16 subsidiaries across various regions, including Shanghai, Wuhan, and Chongqing, with significant business operations in automotive parts [4][5] - The company has two holding companies and three affiliated companies, focusing on technology and innovation in the automotive sector [5] Product Development - The company has invested in new energy vehicle seat frame projects, which have seen rapid revenue growth since their production began in 2023 [6] - The company is also developing railway-specific containers and high-speed train seats, leveraging its expertise in precision stamping and welding technologies [6]