Nextracker’s Chinese supplier Youli Intelligent to list on Beijing Stock Exchange

In a recent development, Youli Intelligent, a major supplier to Nextracker, is preparing to go public on the Beijing Stock Exchange. The Beijing Stock Exchange has confirmed that Jiangsu Youli Intelligent Equipment Co., Ltd. has fulfilled all requirements for issuance, listing, and disclosure after review by the BSE Listing Committee.

Youli Intelligent, established in 2017, specializes in PV mounting systems, focusing on the research, production, and sale of core components for such systems. Its main product range includes torque tubes, bearing hinges, and module attachment structures for PV mounting systems.

The company’s primary markets are overseas, with export sales accounting for a significant portion of its revenue. Notably, Youli Intelligent has a concentrated customer base, with its top five clients contributing over 90% of total revenue. Nextracker is highlighted as its largest customer, with substantial contributions to sales volume and gross profit share.

Youli Intelligent has emerged as Nextracker’s leading non-US supplier, with sales to Nextracker representing a significant portion of its revenue in recent years. The company attributes its customer concentration to industry dynamics, citing Nextracker’s long-standing position as a global leader in solar tracker shipments.

Furthermore, Youli Intelligent has expanded its collaborations with key clients, leading to substantial sales growth. Nextracker, in its latest financial results, reported strong revenue growth, demonstrating a positive outlook for the current fiscal year.

Additionally, Youli Intelligent has established partnerships with other prominent PV mounting system companies, both domestic and international. The company underscores the importance of PV mounting systems in enhancing power generation efficiency and investment returns for solar power plants.

Overall, Youli Intelligent’s upcoming listing on the Beijing Stock Exchange signifies a significant milestone for the company as it continues to strengthen its position in the PV mounting systems industry.