Youli Intelligent seeks funding for PV mounting structure component plant

Youli Intelligent, a manufacturer of solar PV mounting structure components, is raising funds to support the development of its manufacturing base. According to its prospectus, the company aims to raise RMB 2,699.015 million ($374.86 million) from unspecified investors to finance 3 major initiatives: the construction of a core PV mounting structure component manufacturing facility, a new R&D center, and an intelligent upgrading and expansion project. The core component manufacturing facility, located in Xuancheng City, Anhui Province, will require a total investment of RMB 1,958.955 million ($272.91 million), with RMB 1,513.234 million ($210.17 million) to be covered by the raised funds.

Founded in 2017, Youli Intelligent specializes in the production of core components for PV mounting systems. It supplies torque tubes (TTU) and bearing housing assemblies (BHA) to leading PV tracker and mounting manufacturers, including Nextracker, Gonvarri Industries, Trinasolar, and Antai Solar. The company recorded revenues of RMB 433 million ($60.14 million), RMB 658 million ($91.39 million), and RMB 729 million ($101.25 million) from 2022 to 2024, respectively, with net profits attributable to the parent company reaching RMB 41.19 million ($5.72 million), RMB 78.17 million ($10.86 million), and RMB 90.05 million ($12.51 million) in the respective periods.