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The upgrading of the automobile lightweight industry has been accelerated
The upgrading of the automobile lightweight industry has been accelerated, and Huatai United Securities has helped Yongmaotai successfully land on the A-share main board
On March 8, 2021, Shanghai Yongmaotai Automotive Technology Co., Ltd. (hereinafter referred to as "Yongmaotai") was successfully listed on the Shanghai Stock Exchange. The offering raised a total of RMB630 million, the number of shares issued was 47 million, the issue price was RMB13.40 per share, and the price-to-earnings ratio was 22.99 times, with Huatai United Securities acting as the sole sponsor and lead underwriter of the offering.
Yongmaotai is mainly engaged in the research and development, production and sales of automotive aluminum alloy and automotive aluminum alloy parts, forming a business pattern with automotive aluminum alloy and automotive aluminum alloy parts as the main business and upstream and downstream integrated development. In the aluminum alloy business segment, Yongmaotai enjoys a high reputation in the market with excellent product quality, and has established long-term and stable cooperative relations with well-known auto parts manufacturers such as Pierburg, Colburn, FAW Casting, Suzhou Sanden, Changan Mazda, etc. In the auto parts business, Yongmaotai has strong product development and manufacturing capabilities, and has established stable strategic cooperative relations with major OEMs such as FAW-Volkswagen, SAIC Motor Group, SAIC-GM, SAIC Volkswagen, and Changan Mazda, and has synchronous development capabilities with well-known automakers such as Volkswagen and GM, and has successively developed well-known auto parts customers such as BorgWarner, United Electronics, and Huayu Magna.
With the help of the power of the capital market, Yongmaotai will continue to carry out industrial layout around the development direction of automobile lightweight, focus on the development of auto parts business, adhere to the core values of "safety first, quality first", actively seize the favorable opportunity of the development of China's automobile industry, actively develop new products with high technical difficulty and high added value, promote the integrated development of upstream and downstream, continue to enhance its own market competitiveness, and strive to become the best world-class company in the industry.
Yongmaotai ,Colburn,Pierburg,FAW Casting
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