Youken Composite Science and Technology Innovation Board's IPO passed the listing committee meeting to raise 900 million yuan

Zhitong Finance App learned that on December 12, Youyan Metal Composites (Beijing) Co., Ltd. (abbreviation: Youyan Composite) passed the Shanghai Stock Exchange Science and Technology Innovation Board Listing Committee meeting. CITIC Securities is its sponsor and plans to raise 900 million yuan.

According to the prospectus, Youyan Composite is a high-tech enterprise mainly engaged in R&D, production and sales of metal composites and products and special non-ferrous metal alloy products. The business is divided into metal composites and products and special non-ferrous metal alloy products.

The company's main products include metal-based composites and products, bimetallic composites and products, special aluminum alloy products, and special copper alloy products. The company's products are widely used in aerospace, military electronics, smart terminals, household appliances and other fields.

Currently, the company's metal-based composite products are mainly aluminum-based composites. Aviation forgings in the company's main products have been used in batches in helicopters and fixed-wing aircraft. Furthermore, based on technology accumulation in the field of metal-based composites, the company pioneered the development of ultra-thin mobile phone battery compartment products, achieving large-scale applications of aluminum-based composites in smartphones for the first time in the tens of millions.

The company's silicon-aluminum composite series products are used in the field of military electronic packaging to achieve import substitution. The ultra-high thermal conductivity graphite aluminum composite material independently developed by the company is used in the military electronics field to solve the cooling problems of aerospace, aviation and other electronic equipment chips.

In terms of special copper alloys, the company has leading domestic horizontal continuous casting, efficient and short-process preparation technology. The high-nickel cupronickel produced is successfully used in the eyewear and musical instrument industry and is a supplier of the world's leading eyewear manufacturer Yishilu Lucentka Group; the manganese-copper precision resistance alloys produced are used in smart meters, new energy vehicles, photovoltaic energy storage and other industries, and have a stable position in the domestic market share of the smart meter industry.

The revenue composition of the company's main business during the reporting period was as follows:

The company's downstream customers are mainly well-known customers in the fields of aerospace, military electronics, smart terminals, etc. The main customers include subsidiaries of China Aviation Industry Group Co., Ltd., subsidiaries of China Electronics Technology Group Co., Ltd., and BYD.

On the financial side, in 2022, 2023, 2024, and January-June 2025, the revenue of Youyan Composite Materials was approximately 414 million yuan, 498 million yuan, 610 million yuan and 240 million yuan, respectively.

In the same period, the company achieved net profits of approximately 75.1059 million yuan, 61.914,400 yuan, 684.385 million yuan and 14.1639 million yuan, respectively.