After the long-term lithium branch and Xiamen tungsten Xinneng IPO were registered, another lithium power enterprise IPO was accepted!

The IPO application of Jiangsu Huasheng Lithium Electric Materials Co., Ltd. (referred to as "Huasheng Lithium Power") was accepted, according to the news from the stock review of Kechuang Board of Shanghai Stock Exchange on June 30.

Washington Lithium Electric plans to raise 700 million yuan, with Huatai United Securities as the sponsor.

According to the public data of the market, Huasheng Lithium, founded in 1997, is a high-tech enterprise specializing in the research, development, production and sales of lithium battery electrolyte additives. The company's main products are electronic chemicals and special silicone series, which have highly covered China's domestic market and exported to Japan, South Korea, the United States, Europe, Southeast Asia and other countries and regions.

Huasheng Lithium Power entered the lithium battery electrolyte additive market in 2003. According to the certificate on the market share of lithium-ion battery electrolyte additives issued by China Battery Industry Association, the market share of lithium-ion battery electrolyte additives produced by the company from 2018 to 2020 ranks first among similar products in China.

In the field of electronic chemicals, Huasheng Lithium is one of the market leading suppliers of vinyl carbonate (VC) and fluoroethylene carbonate (FEC). Its products are widely used in new energy vehicles, electric two-wheelers, power tools, UPS power supplies, mobile base station power supplies, photovoltaic power stations, 3C products and other fields.

In the field of special organosilicon, Huasheng Lithium is one of the few manufacturers with "non-phosgene production of isocyanate silane" technology, with leading technological advantages, excellent product quality and excellent after-sales service, the company has won a good reputation among customers at home and abroad.

According to the prospectus (application draft), the 700 million yuan raised by Huasheng Lithium Power will be used for projects with an annual production capacity of 6000 tons of ethylene carbonate and 3000 tons of fluoroethylene carbonate, as well as R & D center construction projects.

In terms of production capacity, Huasheng Lithium Power is actively expanding the production capacity of electrolyte additive products. At present, it has two production bases in Zhangjiagang Phase I and Phase II, as well as a wholly-owned subsidiary Taixing Huasheng. VC and FEC products have reached an annual production capacity of 5000 tons.

In terms of performance, Huasheng Lithium Power's operating income in 2018, 2019 and 2020 was 369 million yuan, 423 million yuan and 445 million yuan respectively, while the net profit in the same period was 60.9519 million yuan, 76.0834 million yuan and 77.3662 million yuan respectively.

In terms of customers, Huasheng Lithium Power has many years of cooperation experience with international and domestic lithium battery industry chain well-known manufacturers Mitsubishi Chemical, BYD, Tianci Materials, Cathay Huarong, Cunninghamia lanceolata, etc., and has established a stable cooperative relationship. Can effectively meet the needs of customers and the market.