SDIC’s subsidiary YAPP Automotive Parts Co., Ltd. got listed on Shanghai Stock Exchange on May 9^th, 2018. It code was 603013. YAPP has been the 5^th listed subsidiary of SDIC after SDIC Power, SDIC Capital, SDIC Zhonglu and Complant. SDIC President Shi Hongxiang attended the ceremony and delivered a speech.

YAPP’s shareholding equity is 510 million share. Its IPO is 60 million share at 11.67 per share with a P/E ratio of 18 times. Its opening price is 16.8 yuan with an increase of 43.96%.

YAPP specializes in developing, manufacturing and sale of automotive fuel system and automotive parts. It is a national-level demonstration enterprise and has its own technical centre and national post-doctoral research station. It has 7 plants in cities like Yangzhou, Shanghai, Changchun, Chengdu, Yantai, Changsha and Tianjin. It controls the shares of 5 domestic companies and 9 overseas subsidiaries. Its main clients are famous companies like Volkswagen, GE, Ford, Toyota and Chrysler etc.. As the dragonhead of the field, YAPP has kept good momentum of operation revenue and asset scale. It has strong profiting capability and growth potential.

To adapt to the development trend of new energy vehicle, YAPP is devoted to the technology of new energy fuel tank products. It has successfully developed Y-EMTS which is used in plug-in hybrid vehicle and has 9 patents as well as 1 PCT patent. Relied on this technology, YAPP has got several orders from mainstream automotive plants. It has developed YIHDS for FCEV with a view to accommodating market needs.