Yangteng Innovation (Fujian) Information Technology Co., Ltd. has had its application for an initial public offering on the Shenzhen Stock Exchange's ChiNext board accepted. China International Capital Corporation Limited is serving as the sponsor for the offering, which aims to raise a total of 801.62 million yuan. According to its prospectus, Yangteng Innovation is an innovative enterprise focused on the automotive aftermarket, dedicated to establishing a global auto parts brand powered by digital intelligence.
The company utilizes digitalization and data intelligence as its core strategy, constructing an integrated digital supply chain for auto parts that encompasses new product development, refined supply chain management, multi-channel operations, and brand building. It reaches global consumers directly and efficiently through various channels, including cross-border e-commerce platforms and self-operated independent websites, offering a wide range of high-quality automotive parts under its proprietary brand, "A-Premium."
In new product development, Yangteng Innovation conducts continuous feasibility studies and analysis of specific auto parts based on market insights, enabling intelligent, precise, and efficient new product introduction and development. By the end of 2025, the number of active stock-keeping units for its proprietary brand had reached approximately 172,100, positioning the company among the industry leaders.
For supply chain management, the company has established a demand-driven dynamic inventory optimization mechanism. It employs a self-developed, multi-dimensional hierarchical demand forecasting model and a cross-border intelligent warehousing and distribution system to effectively coordinate product procurement plans and manage inventory turnover, ensuring reliable product supply. Utilizing a network of distributed warehouses both domestically and internationally, the company has implemented professional warehouse management and logistics tracking systems. These systems ensure transparent information flow throughout the entire transportation and storage process, enable intelligent optimization of fulfillment paths, and enhance both warehousing efficiency and the customer delivery experience. During the reporting period, the company's inventory turnover ratio remained above 1.8 times, which is considered high among peers in the automotive aftermarket.
In multi-channel operations, the company actively integrates emerging technologies such as big data and artificial intelligence. By leveraging multi-dimensional data, including historical market data and competitor information, it continuously improves order fulfillment efficiency, optimizes user experience, and enhances targeted marketing capabilities. By the end of 2025, the major stores operated by the company on platforms like Amazon.com and eBay maintained positive feedback ratings exceeding 98%.
Concurrently, the company steadfastly adheres to a branding strategy, utilizing digital tools to enhance copywriting, design, and visual identity development. Through high product quality, a professional image, and accumulated positive reputation, it has built a strong brand image and continues to strengthen connections with end-users. During the reporting period, repeat customer rates across its main sales channels showed an increasing trend. Specifically, the repeat purchase rate for its highest-revenue-generating store on Amazon.com reached approximately 19%, 28%, and 34% in successive years, demonstrating sustained growth from an already high base.
According to data from CIC, based on 2024 revenue figures, Yangteng Innovation ranked third in market share among online auto parts sellers primarily focused on the North American market, making it the highest-ranked Chinese company in this segment. In recent years, its A-Premium brand stores have consistently ranked highly in overall categories on Amazon.com's US and Canadian marketplaces and have maintained the top position in the automotive parts vertical category on Amazon.com. Many of the company's products have been repeatedly listed as Best Sellers or awarded the Amazon’s Choice designation on the platform. The company has also achieved excellent performance in the automotive parts vertical on eBay, where it is recognized as a Top Rated Seller.
Net proceeds from the offering, after deducting issuance expenses, will be deposited into special accounts and utilized in accordance with the company's raised capital management measures. The funds are designated for the following projects: Financially, the company reported revenues of approximately 1.762 billion yuan, 3.271 billion yuan, and 4.44 billion yuan for the years 2023, 2024, and 2025, respectively. Net profit for the same periods was 111 million yuan, 296 million yuan, and 371 million yuan, respectively.
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