Zhuhai Guanyu Co., Ltd. will be listed soon: preliminary inquiry on September 23.

Published: Sep 20, 2021 14:44 (GMT+8)
Recently, Zhuhai Guanyu Battery Co., Ltd., a battery company to be listed, disclosed its letter of intent. The number of shares to be issued this time is about 156 million shares. This issue does not transfer the old shares, and all the issued shares are new shares without the option of over-allotment. The number of shares issued this time accounts for 13.88% of the total share capital after the public offering, and the total share capital after the issue is about 1.122 billion shares; the preliminary inquiry time is September 23, 2021; and the expected date of issue is September 28, 2021.

Recently, Science and Technology Innovation Board's proposed listed battery company Zhuhai Guanyu Battery Co., Ltd. (hereinafter referred to as "Zhuhai Guanyu") disclosed its letter of intent. The number of shares to be issued this time is about 156 million shares, and the old shares will not be transferred this time. All the issued shares are new shares, and the over-allotment option is not adopted. The number of shares issued this time accounts for 13.88% of the total share capital after the public offering, and the total share capital after the issue is about 1.122 billion shares; the preliminary inquiry time is September 23, 2021; and the expected date of issue is September 28, 2021.

Among them, Zhuhai Guanyu senior managers and core employees plan to participate in the strategic placement of this offering through a special asset management plan, and the number of participating in the strategic placement is no more than 10% of the size of this public offering, that is, no more than 15.5714 million shares, and at the same time, the maximum subscription size (including strategic placement commission) does not exceed 352 million yuan.

Data show that Zhuhai Guanyu was founded in 2007, headquartered in Zhuhai, has two major production bases in Zhuhai and Chongqing, and set up factories in India. The company is mainly engaged in the R & D, production and sales of consumer polymer soft package lithium batteries, as well as the layout of power lithium batteries.

Science and Technology Innovation Board IPO, Zhuhai Guanyu plans to raise about 3.249 billion yuan for the construction of Zhuhai polymer lithium battery production base construction project (2.09 billion yuan), Chongqing lithium battery cell packaging production line project (402 million yuan), R & D center upgrade project (407 million yuan) and supplementary liquidity (350 million yuan).

In the first half of this year, Zhuhai Guanyu achieved revenue of 5.086 billion, up 88.63 per cent from a year earlier, while net profit attributable to shareholders of the parent company was 576 million, up 126.58 per cent from a year earlier.

Zhuhai Guanyu expects the company's operating income from January to September to be 7.626 billion yuan to 7.826 billion yuan, an increase of 62.41% to 66.67% over the same period last year; the net profit belonging to the shareholders of the parent company is expected to be 812 million yuan to 851 million yuan, an increase of 41.14% to 47.77% over the same period last year; After deducting non-recurring profits and losses, the net profit attributable to the shareholders of the parent company is expected to be 746 million yuan to 784 million yuan, an increase of 27.4% to 33.92% over the same period last year.

Battery Network noted that in addition to Zhuhai Guanyu, Science and Technology Innovation Board battery companies also have Funeng Technology (688567), Tianneng shares (688819), Bo Liwei (688345), Paineng Technology (688063).

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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