Plan to raise 1.02 billion yuan! Negative leading enterprises enter the IPO prospectus for three times in four years. Ningde era is full of eyes!

SMM July 23: in the prospectus of the three companies applying for listing on the Shanghai main board disclosed by the CSRC, there was a familiar figure in the negative material factory-Guangdong Kaijin New Energy Technology Co., Ltd.

According to statistics, as early as 2017, Guangdong Kaijin New Energy applied for listing on the gem for the first time and was later rejected; in May 2019, it hit the gem again and failed again; in July 2021, Guangdong Kaijin changed its position and began to apply for listing on the main board of the Shanghai stock market, entering IPO three times in four years.

According to public data, Kaijin Energy, founded in March 2012, is a high-tech enterprise specializing in the research, development, production and sales of anode materials. Now Kaijin Energy has become a professional supplier of anode materials for lithium-ion batteries in China.

According to the prospectus, Kaijin Energy plans to raise 1.02 billion yuan this time, and there are three projects to raise: one is to raise 690 million yuan for the construction of 50, 000 tons of high-performance lithium-ion battery anode materials per year, and the other is for the construction of an R & D center with an annual production capacity of 130 million yuan. in addition, there are 200 million yuan of supplementary liquidity.

It is worth mentioning that by 2020, Kaijin Energy has been firmly in the top four in the domestic lithium-ion battery anode material industry and the top three in the artificial graphite material industry for three consecutive years.

But it has to be mentioned that although there is no doubt about the position of Kaijin Energy in the industry, its previous sales data show that in the past three years, most of the negative materials of Kaijin Energy are sold to the "big customer" of the Ningde era. From 2018 to 2020, the company's sales revenue to the Ningde era accounted for 45.57%, 64.39% and 59.77%, respectively.

Therefore, "the high proportion of sales to Ningde era in operating income" has also become an important reason why the IPO of Kaijin Energy was rejected for the first time. But until now, the "dependence" of Kaijin Energy on the Ningde era has not diminished at all.

At a time when Kaijin Energy has launched several IPO sprints, Ningde Times has been buying shares of Kaijin Energy through its subsidiaries, and the relationship between the two is getting closer and closer.

So whether Kaijin Energy can successfully break through this time, let's wait and see.