A-share subscription | Balanshi (920112.BJ) opens subscription. Domestic customers include well-known complete vehicle manufacturers such as BYD Company Limited, Ideal Car, Great Wall Motor, etc.

On August 19, Ba Lanshi (920112.BJ) started its subscription with an issue price of 15.78 yuan per share, a subscription limit of 902,500 shares, a P/E ratio of 10.15 times, listed on the North Exchange, with Sinolink as its sponsor. According to the prospectus, the company is a high-tech enterprise specializing in the research, development, production, and sales of automotive maintenance, inspection, and maintenance equipment. The company's main products include tire changers, balancers, lifts, refrigerant recovery and charging machines, pneumatic oil extractors, and other automotive maintenance equipment and other equipment. The company is one of the largest manufacturers in China's automotive maintenance equipment industry. In China, the company's sales network covers most provinces, autonomous regions, and municipalities, with its products eventually sold to users such as automotive 4S stores, automotive maintenance and repair shops, automotive manufacturers (including their 4S stores) throughout the country. The company has a high brand reputation in the domestic market, with domestic customers including well-known auto manufacturers such as BYD Company Limited, Ideal Department, Great Wall Motor, as well as major chain automotive maintenance and repair shops such as Tuhu Yangche, Tmall Yangche, JD Yangche, and well-known oil companies such as Petrochina, Mobil, and Shell. Internationally, the company's products are exported to more than 100 countries and regions in Europe, South America, North America, Africa, and other regions in Asia, accumulating rich and high-quality customer resources. As of December 31, 2024, the company has a total of 226 patents (216 domestic and 10 international), including 20 invention patents (16 domestic and 4 international). The company has obtained a total of 18 related software copyrights. Subsidiary Nantong Ba Lanshi participated in the drafting of the "Automotive Lift" national transportation industry standard issued by the Ministry of Transport of the People's Republic of China in February 2021. The company's products have passed ISO9001, EAC, UKCA, CE, TV, RoHS, CCPC, and other domestic and international certifications, and have multiple registered trademarks such as "UNITE," "BALANCE," and "Younate." The "UNITE" trademark was recognized as a well-known trademark in Shanghai in January 2012 and January 2015. In December 2014, the "UNITE" brand tire changer and balancer were recognized as Shanghai famous products. In 2017 and 2018, the company successively obtained the "Annual China Automotive Maintenance Equipment Manufacturer Top 20 Export" honor awarded by the China Automotive Warranty Equipment Industry Association. In July 2017, the company was awarded the "2016 China Automotive Maintenance Industry Development Innovation Award" and the "2016 China Automotive Maintenance Industry Development Achievement Award" by the China Automotive Warranty Equipment Industry Association. In August 2017, the company was awarded the title of "National Automotive Warranty Enterprise Management Modernization Innovation Achievement" demonstration unit by the China Automotive Warranty Equipment Industry Association and won the "National Automotive Warranty Enterprise Management Modernization Innovation Achievement" first prize. In December 2022, the company was rated as a "2020-2022 Shanghai Foreign Trade Independent Brand Demonstration Enterprise" by the Shanghai Import and Export Chamber of Commerce. In March 2023, the company was awarded the "2022 Annual China Automotive Maintenance Production Enterprise Top 30" honor by the China Automotive Warranty Equipment Industry Association. In March 2025, the company was awarded the "2024 China Automotive Maintenance Production Enterprise Top 30" honor by the China Automotive Warranty Equipment Industry Association. In terms of finances, in 2022, 2023, and 2024, the company achieved operating revenues of approximately 643 million yuan, 794 million yuan, and 1.057 billion yuan respectively; with net profits of approximately 30.0355 million yuan, 80.5536 million yuan, and 129 million yuan respectively during the same periods.