Yuyu Green Energy has submitted an IPO registration for the ChiNext board, making it one of the first manufacturers in the industry to release a 30KW charging module.

On February 26, Shenzhen Yoyou Energy Co., Ltd. (referred to as Yoyou Energy) applied for a change in the IPO review status of the Shenzhen Stock Exchange's GEM to "submitted for registration." Minsheng Securities is its sponsor institution, with plans to raise 700 million yuan. According to the prospectus, Yoyou Energy is a national high-tech enterprise specializing in the research, development, production, and sales of core components for new energy vehicle DC charging equipment. Its main products are 15KW, 20KW, 30KW, and 40KW charging modules, mainly used in DC charging piles, charging cabinets, and other new energy vehicle DC charging equipment. The company focuses on the core needs of new energy vehicles for charging speed, environmental friendliness, convenience, safety, and reliability. Its products follow a technical development route of high power, high efficiency, high power density, wide voltage range, and high protection, and can supply charging modules with a maximum power of 40KW, a maximum conversion efficiency of 96%, a maximum power density of 60W/in3, a constant power output voltage range of 300V to 1,000V, and an IP65 protection level. This helps new energy vehicles achieve rapid, environmentally friendly, safe, and convenient power replenishment, indirectly promoting the rapid development of the new energy vehicle charging and exchanging field. Yoyou Energy is currently one of the largest and most technologically advanced and influential top charging module suppliers in China, and one of the earliest manufacturers to introduce 30KW charging modules in the industry. According to calculations, the annual increase in the mainland China charging module market in 2023 will be 72.66 billion watts, with the company's internal sales wattage being 7.69 billion watts, giving it a market share of 10.58%. In 2020, the company was recognized by the Guangdong Provincial Department of Industry and Information Technology as a "Guangdong Provincial Specialized, Innovative and New Small and Medium Enterprise;" in 2022, it was recognized by the Ministry of Industry and Information Technology as a "Specialized, Innovative and New 'Little Giant' Enterprise," and established the "Guangdong Province Charging Pile Power Engineering Technology Research Center". With high-quality products and fast response services, Yoyou Energy has established long-term and stable cooperation relationships with many leading downstream industry enterprises, including charging pile manufacturers, battery swapping equipment manufacturers, charging station operators, battery swapping station operators, and new energy vehicle manufacturers. Key clients include Wanbang Digital, ABB, BTCPOWER, Chaevi, Jiuhang Energy, NIO, Flextronics, and more. In terms of finances, in the 2021 fiscal year, 2022 fiscal year, 2023 fiscal year, and the period from January to June 2024, Yoyou Energy achieved operating revenues of approximately 431 million yuan, 988 million yuan, 1.376 billion yuan, and 722 million yuan respectively. During the same period, the company's net profits were approximately 46.11 million yuan, 196 million yuan, 268 million yuan, and 139 million yuan respectively.