A-share subscription | Yilian Technology (301631.SZ) has started subscription and has established cooperation with Contemporary Amperex Technology, Xiaopeng Motors, and others.

On November 8, Yilian Technology (301631.SZ) started its subscription with an issue price of 72.99 yuan per share and a subscription limit of 0.35 million shares. The price-earnings ratio is 19.06 times. It is listed on the Shenzhen Stock Exchange, with CMSC as the sponsor and lead underwriter. The prospectus shows that Yilian Technology is a provider of products and solutions in the research and development, design, production, sales, and service of electrical connection components. The company has been deeply involved in the field of electrical connection components, and has established production bases in multiple locations such as Shenzhen, Foshan, Jiangsu, Sichuan, and Zhejiang. Its main products cover various types of electrical connection components including battery connection components, power transmission components, and low-voltage signal transmission components, forming an industrial development pattern with a focus on new energy vehicles, as well as applications in energy storage systems, industrial equipment, medical equipment, and consumer electronics. Yilian Technology has been deeply involved in the electrical connection component industry for many years and is one of the few suppliers covering multiple application areas in the industry. The company has established stable cooperation relationships with many new energy power battery companies such as Contemporary Amperex Technology, Sunwoda Electronic, Weir Electric, as well as vehicle manufacturers like Xiaopeng Motors and LEAPMOTOR. With strong research and development capabilities, excellent operational management, and responsive customer service, the company has gained wide recognition from customers in various downstream industries and has steadily increased its market share. Through years of industry accumulation and market development, Yilian Technology has formed core advantages in research and development innovation, product quality, team management, and customer resources. As of the date of the prospectus signing, the company and its subsidiaries have obtained a total of 154 patents, including 9 invention patents. Through years of research and development, the company has mastered core technologies in the electrical connection component industry such as modular design of battery connection components, design of laser welding processes, design of ultrasonic welding processes, design of hot riveting processes, material verification and analysis of battery connection components, electrical performance testing of battery connection components, high-voltage harness assembly automation technology, and full automation of module sampling line processing, and has participated in the formulation of multiple industry standards such as the "Research Report on New Energy Vehicle Wiring Harness Technology" (2019) and the "Wiring Harness Design and Verification Specification" (2021). Additionally, Yilian Technology has a testing and validation center accredited by the China National Accreditation Service for Conformity Assessment (CNAS). The test results are authoritative and accurate, ensuring the advanced technical and process capabilities of the company's products and maintaining a competitive advantage in the market. Financially, in 2021, 2022, and 2023, Yilian Technology is expected to achieve operating revenues of approximately RMB 1.34 billion, 2.58 billion, and 3.75 billion respectively, with net profits of approximately RMB 390 million, 230 million, and 255 million.