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To-be Listed
Name
/
Code
Industry Offer Price Lot Size Entry Fee Closing Date
Grey Market Date
Listing Date
Minieye Tec
02431.HK
Application Software 17-20.2 200 4,081 2024/12/20 2024/12/24 2024/12/27
Xunfei Healthcare
02506.HK
Application Software 82.8 50 N/A 2024/12/23 2024/12/27 2024/12/30
InnoScience
02577.HK
Semiconductors & Semiconductor Equipment 30.86-33.66 100 3,400 2024/12/23 2024/12/27 2024/12/30
HealthyWay
02587.HK
Health Care Services 7.8-8.8 500 4,444 2024/12/23 2024/12/27 2024/12/30
Summary
We are a lithium-ion battery manufacturer in China. We focus on the R&D, manufacturing and sales of lithium-ion EV battery products and ESS battery products. We were established by Tsingshan Group and other Shareholders in October 2017 with an aim to expand into the fast-growing and prospective new energy industry. We achieved bulk delivery for lithium-ion batteries in April 2019. In 2022 and the six months ended June 30, 2023, we had a 8.8% and 5.7% market share, ranking third and fourth, respectively, among lithium-ion battery manufacturers globally in terms of global ESS battery installations, and a 1.7% and 1.2% market share, ranking tenth in both periods, of the EV battery products in China in terms of amount of installation. Our EV battery products include LFP battery products and ternary lithium battery products used in various types of passenger vehicles, commercial vehicles and special vehicles. We have a diverse and balanced EV battery customer base, covering established automotive companies as well as emerging EV manufacturers. Our ESS battery products are LFP battery products for a broad range of household, commercial and industrial energy storage. Our ESS battery customers primarily include household ESS integrators, photovoltaic inverter manufacturers, system integrators and EPC firms. Our sales volume of battery products increased significantly from 1.55GWh in 2020 to 16.61GWh in 2022, representing a CAGR of 227.4%. Our sales volume of battery products increased significantly from 4.70GWh for the six months ended June 30, 2022 to 7.77GWh for the six months ended June 30, 2023. Despite our growth in sales, we are not yet profitable. See “Financial Information – Results of Operations” and “Business – Business Sustainability.”

OUR PRODUCTS

We are mainly engaged in the design, R&D, manufacturing and sales of lithium-ion EV battery products and ESS battery products. In 2020, 2021 and 2022 and the six months ended June 30, 2022 and 2023, we generated 94.3%, 87.3%, 89.1%, 88.2% and 84.4% of our revenue from the sales of EV and ESS battery products.

EV Battery Products

Our EV battery products are produced and sold in the form of battery cells, battery modules and battery packs depending on the needs of our customers. EV batteries that are installed in EVs are typically battery packs.

ESS Battery Products

Our ESS battery products are primarily LFP battery products and are mainly produced and sold in battery cells, battery modules and battery packs which include battery boxes, battery racks and energy storage containers. Battery racks and energy storage containers can be directly applied in various energy storage use cases.



Source: REPT BATTERO (00666) Prospectus (IPO Date : 2023/12/08)
Listing Market MAIN
Industry Battery Products
Background H Shares
Major Business Area N/A
Corporate Information
Substantial Shareholders Yongqing Technology Group Co., Ltd. (Total share: 59.44%)
Qingdao SAIC Innovation and Upgrade Industry Equity Investment Fund Partnership (L.P.) (Total share: 10.72%)
Directors Cao Hui (Chairman and Executive Director)
Huang Jiehua (Chief Financial Officer and Executive Director)
Wu Yanjun (Executive Director and Secretary to the Board)
Hu Xiaodong (Non-Executive Director)
Wang Haijun (Non-Executive Director)
Wei Yong (Non-Executive Director)
Xiang Yangyang (Non-Executive Director)
Yu Xinhua (Non-Executive Director)
Ren Shenggang (Independent Non-Executive Director)
Simon Chen (Independent Non-Executive Director)
Wang Zhenbo (Independent Non-Executive Director)
Wong Sze Wing (Independent Non-Executive Director)
Company Secretary Wu Yanjun
Zhang Xiao
Principal Bankers China Merchants Bank
China Minsheng Banking Corp. Ltd.
China CITIC Bank Corporation Limited
Solicitors Freshfields
Fangda Partners
Auditors Ernst & Young
Registered Office 40th Floor, Dah Sing Financial Centre, No. 248 Queen Road East, Wanchai, Hong Kong
Share Registrars Computershare Hong Kong Investor Services Ltd. [Tel: (852) 2862-8628]
Share Registrars Tel No (852) 2862-8628
Internet Address http://www.chinarept.com
Email Address IR@chinarept.com
Tel No (86 577) 8686-5888
Fax No (86 577) 8686-5888
 
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