Taiwan’s AM compressor brand Yongsheng is expected to be launched on the market in late October, with an underwriting price tentatively set at 75 yuan.

Taiwan's self-made AM (aftermarket) compressor brand Yongsheng (2249) is expected to be listed on the market in late October, with a tentative underwriting price of 75 yuan per share. Lin Liyu, chairman of Yongsheng, said that automotive air-conditioning compressors are high-tech threshold products among automotive components. The market demand for automotive AM compressors is stable. With the inventory adjustment coming to an end, operations next year are expected to grow compared to this year.

Lin Liyu said that Yongsheng's positioning is not to be a low-price competitor, but to operate the after-sales market with original factory-level quality management. Its own brand "SIGMA JP" has been deeply involved in the compressor market for more than 25 years. It has completed trademark registration in the European Union, the United States, Singapore, China and Malaysia, and is sold all over the world.

Currently, there are more than 3,000 product models, and we are one of the very few companies in the AM market that can supply original parts, sub-factory parts and self-made parts at the same time, establishing a one-stop supply advantage. Since the AM market has the characteristics of "small quantity, high variety", replacement demand is highly dispersed according to models, years and usage conditions. A complete product line and rapid development capabilities will help Yongsheng improve channel service efficiency and customer stickiness.

In terms of technical layout, Yongsheng has established major compressor structural platforms such as swash plate variable displacement, swash plate fixed displacement and rotary vane type, and continues to develop towards scroll and electric compressors.

Among them, the development of electric compressors has been completed, and production lines and experimental equipment have been built to meet the needs of hybrid and pure electric vehicles. In the future, there are plans to extend existing technologies to areas such as electric vehicle battery thermal management and cabinet temperature control and heat dissipation to expand the application scope of compressor technology.

In terms of channel layout, Yongsheng has long-term customers in Europe, America and Asia that have been in contact for more than 20 years. In 2025, the European and American markets will account for more than 80% of sales. It can grasp market demand in real time through customers and provide feedback to the R&D end to develop new products.

Japan is a high value-added market that the company is deeply involved in. It has established a nationwide sales network through the distributor SINLIN and cooperates with the automotive professional network platform to directly reach end users. In the future, in addition to continuing to deepen the Japanese market, Yongsheng will also cooperate with domestic major manufacturers to expand the North American market and expand the global market territory of the SIGMA JP brand and Made in Taiwan.