Liyuan Hengke Chuangban IPO was approved to register. Last year, the revenue of lithium power equipment was nearly 1.2 billion.

The Securities Regulatory Commission (CSRC) recently approved the registration of Science and Technology Innovation Board IPO of Guangdong Liyuan Heng Intelligent equipment Co., Ltd. (hereinafter referred to as "Li Yuanheng") in accordance with legal procedures, according to a news release from the Securities Regulatory Commission.

Data show that Li Yuanheng is mainly engaged in the research and development, production and sales of intelligent manufacturing equipment, providing high-end equipment and factory automation solutions for lithium batteries, auto parts, precision electronics, security, rail transit and other industries. It has established long-term and stable cooperative relations with well-known manufacturers such as new energy technology, Ningde era, BYD, Lishen, AVIC Lithium, Xin Wanda and so on.

Battery Network noted that Li Yuanheng, once the first batch of science and technology companies to be accepted, voluntarily withdrew the application materials in the registration process in September 2019 for unknown reasons. On October 18 of the same year, its Science and Technology Innovation Board review process was changed to "terminate registration." A year later, in September 2020, Liyuan Heng resurrected Kechuangban IPO, was registered again this year.

According to the latest registration draft released by Li Yuanheng, the IPO, company plans to raise 795 million yuan, of which 567 million yuan will be used for the industrial robot intelligent equipment production project, 128 million yuan for the industrial robot intelligent equipment research and development center project, and 128 million yuan for supplementary working capital.

Li Yuanheng's main business income mainly comes from equipment in the field of lithium batteries. From 2018 to 2020, the sales income was 604 million yuan, 777 million yuan and 1.189 billion yuan respectively, accounting for 90.01%, 87.46% and 84.03% of the main business income, respectively. Among them, the income from consumer lithium power equipment was 444 million yuan, 653 million yuan and 1.075 billion yuan respectively, accounting for 66.12%, 73.57% and 75.96% of the main business income, respectively.

Li Yuanheng said that consumption accounted for more than 70% of lithium equipment income in the past three years, mainly because, on the one hand, the company's consumer soft package lithium electrochemical capacity testing machine is the company's main product and has a leading technological advantage in the industry; on the other hand, the company actively develops battery assembly products to infiltrate the entire production process of consumer lithium battery customers.

It is understood that in 2020 and 2019, the sales of Li Yuanheng consumer lithium battery assembly special machine increased by 144 million yuan and 498 million yuan respectively.

In terms of market share, Li Yuanheng disclosed in the registration draft that in 2018 and 2019, the sales of the company's core testing equipment accounted for about 11.65% and 11.44% of the market size of similar equipment; in 2020, the company's sales of battery assembly equipment accounted for about 16.53% of the market size of similar equipment, with a high market share.

In addition, combined with the realized operating results and existing orders, Li Yuanheng expects operating income of 449 million yuan to 509 million yuan in the first quarter of 2021, an increase of 158.83% to 193.51% over the same period last year. The net profit belonging to the common shareholders of the parent company is expected to be 42.13 million yuan to 52.67 million yuan, an increase of 538.08% to 697.71% over the same period last year. After deducting non-recurring profits and losses, the net profit attributable to the common shareholders of the parent company is expected to be 40.43 million yuan to 50.97 million yuan, an increase of 841.25% over the same period last year to 1,086.63%.

At the beginning of this month, Battery Network sorted out the situation of Science and Technology Innovation Board Battery New Energy Industry chain Company. The net profits of many companies, such as Paron Technology, Tianneng Co., Hangke Technology, Aotewei, Rongbai Technology, and so on, achieved year-on-year growth in 2020 and the first quarter of 2021.

At present, among Science and Technology Innovation Board's listed battery new energy industry chain companies, lithium equipment companies are the most, including Hangke Technology, Hanchuan Intelligence, Bozhong Seiko, Xianhui Technology, Ottaway, Lianwin Laser, Kewell and Haimexing; power battery companies include Funeng Technology and Tianneng shares; Energy Storage Battery Company Para Technology; positive material Company Rongbai Technology; Copper foil Company Fang Bang shares, Jiayuan Technology; Fuel cell engine system company Yihuatong; aluminum plastic film company Mingguan new material; conductive slurry company Tiannai technology.