IPO, a battery new energy company, made a list of progress in the first quarter of this year. A number of companies are preparing for overseas listing.

Under the guidance of the current goal of "double carbon", the development of the new energy industry has a good policy and market environment. with the increasing demand for power batteries, the whole battery industry chain is also rising, in order to seize more market share, financing listing has become a stronger and bigger choice for industrial chain companies.

According to data released by Deloitte China on April 6, there were 85 new shares in the mainland IPO market in the first quarter of 2022, with a financing scale of 179.9 billion yuan. The top five IPO raised a total of 79 billion yuan, an increase of 62.9 billion yuan, or 391%, over the same period last year. Among them, photovoltaic module manufacturer Jingke Energy ranked second with financing of 10 billion yuan, while battery raw material manufacturer Tengyuan Cobalt ranked fourth with financing of 5.5 billion yuan.

According to incomplete statistics of Battery Network, in the field of battery new energy, 15 companies updated the progress of gem / Science and Technology Innovation Board IPO in the first quarter of 2022, involving each subdivision track, with a total fund-raising amount of 19.969 billion yuan and an average fund-raising amount of 1.331 billion yuan.

Specifically, Science and Technology Innovation Board has a total of three, raising a total of 3.471 billion yuan, of which Huasheng Lithium Power has been submitted for registration, and Hubei Wanrun and Pawa shares have been inquired. Gem has a total of 12, raising a total of 16.498 billion yuan, of which Mengguli and Defu science and technology have been inquired; Huabao Xinneng and Xinde New Materials will be launched; Zijian Electronics, Jinlu Electronics and Tianli Lithium Energy have been submitted for registration; Ruitai New Materials and Secondary one Science and Technology have been registered and are about to be listed; Copper Crown Copper foil and Tengyuan Cobalt have been listed; Wuhan Landian gem is terminated (withdrawn).

It is worth noting that the copper crown and copper foil plan to raise 1.197 billion yuan, the actual raised 3.579 billion yuan; Tengyuan cobalt industry plans to raise 2.198 billion yuan, the actual raised 5.478 billion yuan, are much higher than the planned fund-raising.

Scramble to go to Hong Kong to list the new forces of car building "gather together"

In addition, Battery Network noted that listing in Hong Kong has also become the first choice of many domestic new energy industry chain companies, and because the profitability of Hong Kong stocks to listed companies is relatively loose, the capital market is connected to the world. It has been "favored" by many new car-building forces.

On January 28, Gepai Nickel Cobalt submitted a prospectus on the Hong Kong Stock Exchange to list H shares on the Hong Kong main board; on February 15, Liqin Resources submitted a prospectus to the Hong Kong Stock Exchange, which plans to list on the Hong Kong main board; on March 11, Sinovel formally submitted its prospectus to the Hong Kong Stock Exchange after news that the IPO proposed to raise US $1.5 billion, which is expected to be the largest IPO in Hong Kong so far in 2022.

In terms of the new power of car building, in addition to Xiaopeng and ideal, which has already been listed in Hong Kong stocks, Weilai also completed its listing on the Hong Kong Stock Exchange on March 10, with an opening price of HK $160 on the first day. In addition, on the evening of March 17, Zero Motor also submitted its listing application to the Hong Kong Stock Exchange. IPO, 40% of the net fund raised by Zero Motor is expected to be spent on the research and development of new models, self-driving technology, three-power system technology, etc.; 25% will be used to increase production capacity, such as the construction of the Hangzhou factory, which will start this year, and the improvement of factory automation. 25% will be used to expand business and enhance brand awareness, including overseas operations such as opening overseas flagship stores in the European market in 2023, and 10% for operational and general corporate purposes.

It is reported that Hezhong New Energy (Naha Automobile) and Chinese Express (Gaohe Automobile), two new car-building forces, will also be listed in Hong Kong at the right time.

Planning overseas listing to widen overseas financing capacity

Battery Network learned that on March 16, the Financial Stability and Development Committee of the State Council held a special meeting, which proposed that the Chinese government continue to support all kinds of enterprises to list overseas. At the subsequent enlarged meeting, the CSRC said that under the unified command and coordination of the Financial Committee of the State Council, it will step up efforts to promote the landing of new regulations on the supervision of overseas listing of enterprises, support all kinds of qualified enterprises to list overseas, and keep the overseas listing channels open.

On March 17, Guoxuan Hi-Tech announced that the company plans to issue global depositary receipts (GDR) overseas and list on the Swiss Stock Exchange, which will be used to expand the global market share of the company's products, expand overseas financial financing capacity, and ensure the financial needs of the company's international strategic development. Since then, Shanshan shares also announced that the company plans to issue global depositary receipts (GDR) overseas and list on the Swiss stock exchange, so as to enhance the company's overseas brand awareness and influence, expand overseas financial financing capacity, and provide sufficient funds and financial resources for the company's international development.

Data show that GDR is a kind of interconnected depositary receipt mechanism. Listed companies in the two places that meet the requirements can issue depositary receipts and trade on each other's market in accordance with the laws and regulations of each other's market.

Since the beginning of this year, regulators have once again densely expressed their support for the overseas listing of Chinese enterprises. in response to the call of the domestic capital market policy, many A-share listed companies have responded positively, among which, Guoxuan Hi-Tech and Shanshan shares, as lithium industry chain enterprises, will also take the lead in relying on the Swiss capital market to expand overseas financing capacity and promote the company's economic development.

Conclusion

According to the report on Investment and financing data of New Energy vehicle Industry in 2021, a total of 239 financing incidents occurred in China's new energy vehicle industry in 2021, with a total disclosure of 363.9 billion yuan, an increase of 181.66 percent over the same period last year. The number of financing and the amount of financing have reached an all-time high.

In terms of enterprises, Ningde era ranked first with huge advantages, with a total of more than 58.2 billion yuan in new energy financing in 2021, BYD ranked second with over 26.6 billion yuan, and Evergrande ranked third with more than 22 billion yuan. The other top 10 are Honeycomb, Ulay, Xiaopeng, Baoneng, Najia, Bingli and Faraday Future. With the exception of Faraday Future, all the above-mentioned enterprises will receive more than 10 billion yuan in financing in 2021.

As a typical "capital-intensive" industry, the new energy industry chain has always been an important place to attract money. if enterprises want to join the head camp, it is an inevitable choice to embrace the capital market. In addition to the domestic battery industry chain enterprises summarized above, relevant foreign industry chain companies have also accelerated the pace of IPO, among which LG New Energy went public in the first quarter of this year, raising as much as 68.3 billion RMB, making it the largest IPO project in South Korean history.

With the continuous surge in downstream application market demand, lithium battery ushered in a rapid increment. Under the high prosperity of this new battery energy industry, it is believed that the IPO boom will continue and become higher and higher.