Auto parts companies listed this year attract attention

In my country's capital market, companies get together for IPOs and all want to have a place. However, the current state is that there are more queues and fewer passes, with more SMEs and fewer large enterprises. Even if a company can successfully pass the review of the issuance review committee of the China Securities Regulatory Commission, it may not be able to develop smoothly after listing. According to statistics, the market performance of the nine auto parts companies that have successfully gone public this year has been mixed.
After the listing of Chinachem Technology, Beite Technology, and Pengling shares this year, their revenue and net profit have maintained rapid growth. The operating income of the first three quarters increased by 25.59%, 21.93%, and 12.11%, and the net profit increased by 18.1%, 15.48%, and 22.19%. Chinachem Technology was listed on the Shanghai Stock Exchange on September 26. It is one of the few listed auto parts suppliers in China with airbag fabrics and airbags as its main products. As the domestic demand for airbags has maintained rapid growth, Therefore, the development prospects of Chinachem Technology are also favored by investors.
In the first three quarters of Lianming's operating income was 343 million yuan, an increase of 15.56%. Because of the same large increase in operating costs, its net profit was only 49.95 million yuan, a year-on-year increase of 2.06%. Lianming's main production of automotive stamping parts and products The scope covers most of the body frame parts. For a long time, Lianming has maintained exchanges and cooperation with Pan-Asian Automotive Technology Center and other enterprises and research units to continuously improve stamping and welding technologies. Currently, the company’s customers include Shanghai GM, GM Dongyue, GM Beisheng, SAIC Commercial Vehicle and Shanghai Volkswagen and so on.
The performance of Kangyue Technology and Yueling Co., Ltd. in the first three quarters was basically the same as that of the previous year. Kangyue Technology officially landed in the domestic capital market on August 1. With the stable cooperation of its major customers, the first three quarters achieved operating income of 178 million yuan and net profit of 20.35 million yuan. Its internal combustion engine superchargers are widely used in automobiles. , Construction machinery, agricultural machinery, ships, generator sets and other fields. Yueling shares revenue of 614 million yuan in the first three quarters and a net profit of 78.06 million yuan. It mainly produces aluminum alloy wheels. Compared with other listed wheel suppliers, Yueling shares excessively relies on exports for its operations and will inevitably take more risks. It is reported that Yueling shares only Russia's export revenue accounted for about 30% of its revenue. The net profit of Dengyun shares in the first three quarters fell more severely, down 37.35% year-on-year to only 15.23 million yuan. The report shows that although the demand of Dengyun's gasoline engine customer Kohler and other companies has increased rapidly, due to the miniaturization and low price of gasoline engine valve specifications, the overall selling price and gross profit have been lowered in the short term. On the other hand, during the reporting period, the company’s difficulties in recruiting workers led to a temporary shortage of labor resources, the company’s production capacity was not effectively utilized, and the scale of production and sales failed to increase effectively.
Just before the reporter's deadline, another auto parts company went public. On November 27, Fuda shares landed on the Shanghai Stock Exchange, the opening soared 43.97%, and the closing price of the day was 8.35 yuan. Fuda is mainly engaged in the production of forged steel crankshafts for engines, automotive clutches, automotive spiral bevel gears and other auto parts. The operating income in the first half of this year was approximately 643 million yuan and operating profit was 53.948 million yuan. Its customers include Yuchai, Dongfeng Cummins, Dongfeng Commercial Vehicle, Shaanxi Heavy Duty Truck, SAIC Iveco Hongyan, Dongfeng Liuzhou Automobile, Anhui Valin, Shanghai Hino, Dongfeng Passenger Car, BYD, Geely, Great Wall, Jianghuai and other dozens of engines , Commercial vehicle and passenger vehicle companies.