Haibo Sichuang Science and Technology Innovation Board IPO Conference focuses on electrochemical energy storage system production research and development

The Zhitong Finance App learned that on October 17, the Shanghai Stock Exchange Science and Technology Innovation Board IPO of Beijing Haibo Sichuang Technology Co., Ltd. (abbreviation: Haibo Sichuang) passed the Listing Committee meeting. The sponsor is Zhongtai Securities, which plans to raise 783 million yuan.

According to the prospectus, Haibo Sichuang is a leading domestic provider of electrochemical energy storage system solutions and technical services. It focuses on the R&D, production and sales of electrochemical energy storage systems, providing customers in the “source-grid-load” full-chain industry, such as traditional power generation, new energy generation, smart grids, and terminal power users, providing a one-stop overall solution for energy storage systems. During the reporting period, Haibo Sichuang also provided power battery system products to customers in the field of new energy construction machinery and new energy vehicles.

In the field of electrochemical energy storage systems in China, Haibosichuang has high brand awareness and strong market competitiveness. According to CNESA statistics, the issuer ranked second in the 2023 Chinese energy storage system integrator shipment ranking (issuer shipment data does not include shipments sold to Xinyuan Smart Storage), and the issuer ranked first in the 2022 and 2021 domestic market energy storage system shipment rankings.

In addition, Haibo Sichuang has established good cooperative relationships with major central enterprise power generation groups such as China Huaneng Group Co., Ltd., China Power Investment Group Co., Ltd., China Energy Construction Group Co., Ltd., China Power Construction Group Co., Ltd., power grid companies such as State Grid and China Southern Power Grid, and new energy companies such as TBEA and Jingao Technology.

If this stock issuance is successful, the funds raised (after deducting the issuance fee) will be invested in the following projects:

On the financial side, in 2021, 2022, 2023, and January-June 2024, Haibosichuang achieved revenue of approximately 838 million yuan, 2,626 million yuan, 6.982 billion yuan, and 3,687 billion yuan, respectively. In the same period, the company achieved net profit of approximately RMB 15.2947 million, RMB 182 million, RMB 578 million and RMB 280 million, respectively.