On August 19, Balanshi (920112.BJ) opened its IPO subscription with an issue price of 15.78 yuan per share, a subscription limit of 902,500 shares, and a price-to-earnings ratio of 10.15x. The company is listed on the Beijing Stock Exchange with Guojin Securities as its sponsor.

According to the prospectus, the company is a high-tech enterprise specializing in the research and development, production, and sales of automotive maintenance, inspection, and maintenance equipment. The company's main products include tire changers, wheel balancers, vehicle lifts, refrigerant recovery and charging machines, pneumatic oil extractors and other automotive maintenance equipment.

The company is one of the larger manufacturers in China's automotive maintenance equipment industry. Domestically, the company's sales network covers most provinces, autonomous regions, and municipalities across the country. Its products are ultimately sold to automotive 4S stores, automotive maintenance shops, and automotive manufacturers (including their 4S stores) nationwide. The company enjoys high brand recognition in the domestic market, with domestic clients including leading automotive manufacturers such as BYD Company Limited, Li Auto, Great Wall Motor Company Limited and their 4S stores, large chain automotive maintenance stores including Tuhu Auto Service, Tmall Auto Service, JD Auto Service, as well as renowned oil companies such as PetroChina, Mobil, and Shell.

Internationally, the company's products are exported to over 100 countries and regions across Europe, South America, North America, Africa, and other parts of Asia, accumulating rich and high-quality customer resources.

As of December 31, 2024, the company holds a total of 226 patents domestically and internationally (216 domestic and 10 international patents), including 20 invention patents (16 domestic and 4 international invention patents). The company has also obtained 18 related software copyrights. Subsidiary Nantong Balanshi participated in drafting the "People's Republic of China Transportation Industry Standard - Automotive Lifts" (JT/T155—2021) released by the Ministry of Transport in February 2021.

The company's products have passed ISO9001, EAC, UKCA, CE, TÜV, RoHS, CCPC and other domestic and international certifications, and owns multiple registered trademarks including "UNITE," "BALANCE," and "YOUNITE." The "UNITE" trademark was recognized as a Shanghai Famous Trademark in January 2012 and January 2015. "UNITE" brand tire changers and wheel balancers were recognized as Shanghai Famous Brand Products in December 2014.

In 2017 and 2018, the company successively received the "Annual Top 20 Chinese Automotive Equipment Export Enterprises" honor from the China Automotive Maintenance Equipment Industry Association. In July 2017, the company received the "2016 China Automotive Equipment Industry Development Innovation Award" and "2016 China Automotive Equipment Industry Development Achievement Award" from the China Automotive Maintenance Equipment Industry Association. In August 2017, the company was evaluated as a demonstration unit for "National Automotive Equipment Enterprise Management Modernization Innovation Results" and received first prize for "National Automotive Equipment Enterprise Management Modernization Innovation Results." In December 2022, the company was evaluated as a "2020-2022 Shanghai Foreign Trade Independent Brand Demonstration Enterprise" by the Shanghai Import and Export Chamber of Commerce. In March 2023, the company received the "2022 Top 30 Chinese Automotive Equipment Production Enterprises" honor from the China Automotive Maintenance Equipment Industry Association. In March 2025, the company received the "2024 Top 30 Chinese Automotive Equipment Production Enterprises" honor from the China Automotive Maintenance Equipment Industry Association.

Financially, for the years 2022, 2023, and 2024, the company achieved operating revenues of approximately 643 million yuan, 794 million yuan, and 1.057 billion yuan respectively. Net profits for the same periods were approximately 30.04 million yuan, 80.55 million yuan, and 129 million yuan respectively.