Recently, Yuefeng Technology Co., Ltd. announced that its wholly-owned subsidiary, Yuefeng New Energy Technology (Jiangsu) Co., LTD., has been awarded 8 aluminum die-casting projects by 7 clients, covering the development, design and mass production of aluminum die-casting products such as battery brackets, supports and shock absorption towers for new energy vehicles.
It is learned that according to the plan, the above-mentioned designated projects are expected to have a life cycle of 3 to 6 years, with a total sales amount of 300 million yuan during this life cycle. Mass production is expected to start in the third quarter of 2025.
In addition, from May 2025 to July 2025, Yuefeng Technology has been awarded 21 project designations by domestic automotive manufacturing enterprises and new energy battery enterprises, with a total sales amount of approximately 3.2 billion yuan, providing customers with various types of automotive parts products.
Project Overview 01
We have been awarded 16 projects by 7 domestic clients, with an estimated life cycle of 5 to 8 years. The total sales amount during this life cycle is expected to be 2.6 billion yuan. Among them, there are 15 new energy vehicle projects involved, with an estimated sales amount of 2.6 billion yuan. The above-mentioned designated projects are expected to start mass production in the fourth quarter of 2025.
Jiangsu Yuefeng Industrial Technology Co., LTD., a subsidiary of Yuefeng Technology, has been awarded five projects by three clients. The estimated life cycle is 2 to 3 years, and the total sales amount during this life cycle is expected to be 600 million RMB. The above-mentioned designated projects will start mass production in the third quarter of 2025.
Yuefeng Technology is a domestic supplier of stamping and welding parts for passenger vehicles. Its main products include automotive body parts, engine assembly tube parts and other stamping and welding products. It is a first-tier supplier of parts for many well-known automakers.
In the first three quarters of 2024, the company achieved operating revenue of 3.538 billion yuan, a year-on-year decrease of 2.49%. The net profit attributable to the parent company was 200 million yuan, a year-on-year decrease of 21.61%. The non-GAAP net profit attributable to the parent company was 204 million yuan, representing a year-on-year increase of 19.71%. In the first half of 2024, the proportion of Yuefeng Technology's new energy business has reached 30%. It is expected that by 2026, new energy and traditional main businesses will each account for 50%.
