Huabao Xinneng gem IPO will raise 676 million yuan to expand the production of portable energy storage products.

Battery network learned that Shenzhen Huabao New Energy Co., Ltd. (hereinafter referred to as "Huabao Xinneng") is a further step forward on the road to listing.

On the evening of March 29th, according to the announcement of the results of the 16th review meeting of the gem listing Committee of the Shenzhen Stock Exchange, Huabao Xinneng IPO passed the meeting successfully. Huabao Xinneng (IPO) meets the issuance conditions, listing conditions and information disclosure requirements, the announcement said.

According to the draft of Huabao Xinneng, the number of shares in the company's public offering does not exceed 24541666 shares (25.56% of the company's total shares after the completion of this offering). The funds will be used for portable energy storage products expansion project (198 million yuan), R & D center construction project (99.3105 million yuan), brand data center construction project (252 million yuan). And supplement the working capital (127 million yuan).

Huabao Xinneng raises funds for use in units of ten thousand yuan

Specifically, the "Portable Energy Storage Product expansion Project" will adopt the existing mature production technology and testing standards of Huabao Xineng, introduce advanced production equipment with a high level of automation and intelligence, and expand the company's capacity scale. and effectively improve the company's intelligent production level. The "R & D Center Construction Project" is intended to be used to carry out product safety research and certification, household energy storage research, product efficiency and miniaturization research, intelligent energy storage research and follow-up related topics; "Brand data Center Construction Project" is intended to implement the development of various data analysis models and information systems, and serve the brand operation of the company.

Data show that Huabao Xinneng was established in 2011. At the beginning of its establishment, the company was mainly based on portable battery's ODM business. With the continuous development of business, the company has accumulated more and more technology in lithium battery power management, industrial design, structural design and so on. In this process, the company has accumulated high-quality supplier resources such as Panasonic, LG Chemical, Bic Battery and Amfuri, and expanded well-known customers including Tesla, BMW, Super Battery, DSG, Clas Ohlson and other well-known customers. The production and supply and marketing system has become increasingly perfect, and the company's strength has been gradually enhanced.

In 2015, Huabao Xinneng gradually built its own domestic brand "electric waiter", and its business model began to evolve into the simultaneous development of ODM and its own brand business, and made every effort to build an international brand "Jackery" in 2016, and then in the field of energy storage, the business model was transformed into an M2C model based on its own brand portable energy storage products. The company has become a leading portable energy storage brand enterprise in the industry, committed to the research, development, production and sales of lithium battery energy storage products and their supporting products, in which portable energy storage products are the company's core products. it can be used in outdoor travel, emergency disaster preparedness and other scenarios.

At present, Huabao Xinneng mainly relies on "Jackery" and "electric waiter" to distribute the domestic and foreign markets, adopts the combination of online and offline mode, and achieves sales in many countries around the world, such as China, the United States, Japan, Britain, Germany, Canada and so on, and has become a leading brand in the vertical field of portable energy storage. It is understood that the company's online sales channels such as Amazon, Tmall, JD.com, Rakuten and Yahoo in Japan have become increasingly perfect. At the same time, the company is actively laying out multiple sales channels of its own brands, and has established cooperative relations with world-renowned brands or retailers such as JVC, Canon, HarborFreight, Home Depot, Lowe's, Sam's Club and so on.

In terms of performance, in 2019, 2020 and 2021, the operating income of Huabao Xineng was 319 million yuan, 1.07 billion yuan and 2.315 billion yuan respectively, and the net profit was 36.4516 million yuan, 234 million yuan and 279 million yuan respectively, showing a substantial growth trend.

Huabao Xinneng said that the rapid development of the global energy storage market has brought about a rapid growth in the demand for portable energy storage products, the improvement of market penetration and the widening of application scenarios of portable energy storage products in the future, as well as the layout of the company's household energy storage business. have put forward higher requirements for the company's production capacity. The company will seize the opportunity of industry development, further enhance the automation and intelligent level of the company's production, gradually and orderly expand the production capacity of energy storage products, and at the same time increase resource investment, speed up the R & D innovation and market development of portable energy storage and household energy storage products.