Intelligent Financial APP learned that on November 8, Yilian Technology (301631.SZ) started its subscription, with an issue price of 72.99 yuan per share, a subscription cap of 0.0035 million shares, a P/E ratio of 19.06 times, belonging to the Shenzhen Stock Exchange, with China Merchants as the sponsor and lead underwriter.

The prospectus shows that Yilian Technology is a product and solution provider integrating research and development, design, production, sales, and service of electrical connection components. The company has deeply cultivated the field of electrical connection components and has established production bases in multiple locations including Shenzhen, Guangdong, Ningde, Fujian, Liyang, Jiangsu, Yibin, Sichuan, Yueqing, Zhejiang, with a wide range of main products covering cell connection components, power transmission components, low-voltage signal transmission components, and other types of electrical connection components, forming an industrial development pattern with new energy vehicles as the main axis and simultaneous development in energy storage systems, industrial equipment, medical devices, consumer electronics, and other application areas.

Yilian Technology has been deeply involved in the electrical connection component industry for many years and is one of the few suppliers covering multiple application areas in the industry. The company has established a broad customer base in downstream industries due to its strong R&D technology, excellent operational management capabilities, and quick customer service response. The company has established stable cooperative relationships with multiple new energy power battery companies represented by Contemporary Amperex Technology, Sunwoda Electronic, VMware Electric, as well as complete vehicle manufacturers represented by Xpeng Motors, Leapmotor, steadily expanding its market share.

Through years of industry accumulation and market development, Yilian Technology has formed core advantages in R&D innovation, product quality, team management, and customer resources. As of the date of the prospectus signing, the company and its subsidiaries have obtained a total of 154 patents, including 9 invention patents. After years of research and accumulation, the company has mastered core technologies in the electrical connection component industry such as modular design technology for cell connection components, laser welding process design technology, ultrasonic welding process design technology, hot riveting process design technology, material verification and analysis technology for cell connection components, electrical performance testing technology for cell connection components, high-voltage harness assembly automation technology, full automation processing technology for module sampling lines, and has participated in the formulation of multiple industry standards including the "New Energy Vehicle Harness Technology Research Report" (2019) and "Harness Design Verification Specification" (2021).

In addition, Yilian Technology owns a testing and verification center accredited by the China National Accreditation Service for Conformity Assessment (CNAS), with test results being authoritative and accurate, fully ensuring the company's product's technological and process advancement, maintaining a competitive advantage in the fierce market.

Financially, in 2021, 2022, and 2023, Yilian Technology achieved revenues of approximately RMB 1.434 billion, 2.758 billion, and 3.075 billion respectively, with net profits of approximately 0.139 billion, 0.23 billion, and 0.255 billion for the same periods.