Tianli LiNeng has submitted an application for listing on the gem. Last year, the sales revenue of ternary materials was about 983 million.

Published: Jul 02, 2020 09:55 (GMT+8)

SMM: July 1 news, Tianli LiNeng issued a notice that today the company has submitted an initial public offering of shares to the Shenzhen Stock Exchange and listed on the gem application materials, the company's shares will be on July 2, 2020, in the national small and medium-sized enterprise share transfer system to apply for suspension.

According to public data, Tianli LiNeng was established in March 2009, and the new third board was listed in 2015 to open the door to financing. On May 24, 2019, the National Stock transfer Company released the list of companies listed in the innovation layer in 2019. Tianli LiNeng has been selected in the innovation layer for three consecutive years. In November 2019, Tianli LiNeng announced that it had been 150 million owned by the State-owned assets Supervision and Administration Commission of Anhui Provincial Government.

Tianli LiNeng, a high-tech enterprise specializing in the research, development, production and sales of cathode materials for lithium-ion batteries, is one of the few suppliers with the production capacity of both precursor and finished ternary materials in the industry. Among them, the annual production capacity of ternary nickel-cobalt lithium manganate is 5000 tons, that of hydrogen storage alloy powder for Ni-MH battery is 1000 tons, and that of zinc powder for disposable zinc-manganese battery is 3000 tons.

According to the 2019 annual report updated by Tianli LiNeng on June 29, the company achieved operating income of 1.012 billion yuan last year, an increase of 8.13% over the same period last year, and a net profit of 71.4033 million yuan belonging to shareholders of listed companies, an increase of 75.03% over the same period last year.

In 2019, the sales income of Tianli lithium ternary materials is about 983 million yuan, accounting for 97.12% of the operating income. The ternary materials produced by the company are mainly used in electric vehicles, electric bicycles, mobile energy storage devices, power tools and other fields. The main customers are Xing Heng Power Co., Ltd., Tianneng Shuai Fude Energy Co., Ltd., and other domestic well-known lithium battery production enterprises, throughout Guangdong, Zhejiang, Shandong, Jiangsu and other major lithium industry areas.

According to the official website of Tianli LiNeng, the company plans to invest 1.5 billion yuan in 2019-2023 to expand the "50000 tons of high-nickel ternary material project", with an estimated annual income of 9 billion yuan and new profits and taxes of 800 million yuan, and strive to enter the top three of the industry.

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