A-share subscription | Aluminum alloy automotive parts manufacturer Yousheng shares (603418.SH) opens subscription, with products covering Tesla Model Y series and more.

On September 12, Yousheng Shares (603418.SH) started its IPO. The issue price is 46.36 yuan per share, with a subscription limit of 15,000 shares, and a P/E ratio of 22.31 times. It belongs to the Shanghai Stock Exchange, with Guotai Haitong as its sponsor. According to the prospectus, Yousheng Shares is a professional manufacturer of aluminum alloy automotive components, integrating design, development, production, sales, and services. The company has always focused on the field of lightweight automotive components, dedicated to advancing the range upgrade for new energy vehicles and the energy-saving and emission reduction for fuel vehicles. Yousheng Shares is an important domestic supplier of aluminum alloy components for new energy vehicles, establishing stable cooperation relationships with leading new energy vehicle manufacturers such as Tesla, Guangzhou Automobile Group, NIO, BAIC New Energy, Geely Group, XPeng Motors, and Chongqing Sokon Industry Group Stock. The company's main products cover mainstream new energy vehicle models such as Tesla Model 3, Model Y, GAC Aion series, NIO ES/EC/ET series, BAIC New Energy Polar Fox Alpha series, Polar 001/009 series, Weltmeister M5/M7/M9 series, etc. In the field of fuel vehicle business, the company's main customers include Lingyun Industry, FAWER Automotive Parts, and Huayu Automotive Systems, well-known tier one automotive component manufacturers. Financially, in the fiscal years 2022, 2023, and 2024, the company achieved operating income of approximately 2.35 billion yuan, 2.905 billion yuan, and 3.95 billion yuan respectively, with net profits of approximately 233 million yuan, 321 million yuan, and 405 million yuan respectively.