The application for the Yangteng Innovation and Entrepreneurship Board IPO has been accepted, aiming to build a globally recognized automotive parts brand driven by digital intelligence.

On April 22, Yanteng Innovation (Fujian) Information Technology Co., Ltd. (referred to as Yanteng Innovation) received approval for its IPO on the Shenzhen Stock Exchange ChiNext Board. CICC is the sponsor institution, with plans to raise 801.62 million yuan. The prospectus shows that Yanteng Innovation is an innovative enterprise focusing on the automotive aftermarket, dedicated to creating a globally recognized automotive parts brand driven by digital intelligence. The company, with digital intelligence as its core, has built a digital industrial chain for automotive parts that integrates new product development, refined supply chain management, multi-channel operations, and brand building. Through various channels such as cross-border e-commerce platforms and self-operated independent sites, it directly and efficiently reaches global consumers, providing them with a rich and high-quality range of automotive parts products represented by its own brand "A-Premium". In terms of new product development, based on market insights, Yanteng Innovation continuously conducts feasibility studies and analysis of segmented automotive parts products, achieving intelligent, precise, and efficient new product introduction and development. As of the end of 2025, the company has around 172,100 SKU numbers for its own brand, ranking among the top in the industry. In terms of supply chain management, the company has built a demand-driven dynamic inventory optimization mechanism, using self-developed multidimensional layered demand forecasting models and cross-border intelligent warehouse distribution systems to rationalize product procurement plans, efficiently manage inventory turnover, and ensure effective product supply. By establishing distributed warehouses domestically and internationally, the company has built a professional warehouse management and logistics tracking system to ensure smooth information flow throughout the product transportation and storage process, optimize fulfillment paths intelligently, improve warehouse distribution efficiency, and enhance delivery experiences. During the reporting period, the company's inventory turnover rate was above 1.8 times, at a relatively high level compared to similar companies in the automotive aftermarket industry. In terms of multi-channel operations, the company actively introduces new technologies such as big data and artificial intelligence, continuously improving order fulfillment efficiency, optimizing user experience, and enhancing precision marketing capabilities based on historical market data and competitor information from various dimensions. As of the end of 2025, the company's major store ratings on Amazon and eBay were both above 98%. At the same time, the company has consistently adhered to a branding strategy, incorporating digital tools to empower copywriting design, visual symbol creation, and through excellent product quality, professional image, and accumulated reputation, has established a solid brand image, continuously establishing and deepening connections with end users. The company's repurchase rates in major sales channels showed a growth trend during the reporting period, with the repurchase rate on the highest sales platform, Amazon store, ranging from approximately 19%, 28%, and 34%, maintaining a continuous increase on top of a high level. According to data from Zhuo Shi Consultancy, based on 2024 operating income statistics, Yanteng Innovation is ranked third among online automotive parts sellers in the North American region, with the highest ranking among Chinese companies. In recent years, Yanteng Innovation's brand A-Premium store has consistently ranked at the forefront in all categories on Amazon in the US and Canada markets, and is the top-ranking vertical category for automotive parts on Amazon. Many of the company's products have been selected as the best-selling products on the Amazon platform (Best Seller) and Amazon's Choice for multiple years. The company has also performed well in the automotive parts vertical category on the eBay platform, being recognized as a top-rated seller on eBay. After deducting issuance expenses, the actual raised funds will be stored and used in accordance with the "Yanteng Innovation (Fujian) Information Technology Co., Ltd. Raised Funds Management Measures", and will be invested in the following projects: Financially, in the fiscal years 2023, 2024, and 2025, the company's operating income is approximately 1.762 billion yuan, 3.271 billion yuan, and 4.4 billion yuan respectively; during the same period, the net profits are approximately 111 million yuan, 296 million yuan, and 371 million yuan respectively.