Youyou Renewable Energy Officially Lists on Shenzhen Stock Exchange's ChiNext Board with a Market Value of RMB 6.3 Billion
3 week ago / Read about 0 minute
Author:小编   

Youyou Renewable Energy has officially joined the ranks of the ChiNext board of the Shenzhen Stock Exchange, marking its debut as the "pioneer stock in charging modules" within A-shares. The company successfully raised RMB 700 million, earmarked for the expansion of its production bases and R&D centers. Its core product, charging modules, serves as a vital component in DC charging equipment for new energy vehicles. Prior to its IPO, Xiaomi Smart Manufacturing acquired a 3.29% stake, realizing a paper profit of approximately RMB 100 million. Youyou Renewable Energy boasts continuous growth in both revenue and net profit, alongside an annual increase in R&D investment. Notably, while the revenue contribution from its top five customers has gradually decreased, the presence of downstream customers holding shares has garnered regulatory scrutiny.