Rnbc New Energy, with 203 Patents and Annual Revenue of 1.4 Billion, Lists on ChiNext

Deep News12-23 17:19

Amid the booming new energy vehicle (NEV) sector driven by China's "dual-carbon" strategy, Rnbc New Energy Co., Ltd. (301667.SZ), a pioneer in thermal management solutions, debuted on the Shenzhen Stock Exchange's ChiNext board on December 23. Shares surged 408.17% on its first trading day, closing at ¥115 per share, valuing the company at ¥12.84 billion.

Rnbc specializes in R&D, production, and sales of thermal management products for NEV power batteries, traditional vehicle powertrains, and energy storage systems. Its portfolio includes battery liquid cooling plates, integrated battery housings, and engine radiators. As a key supplier to major automakers, Rnbc has secured partnerships with industry leaders like CATL, NIO, XPeng, and Li Auto.

**Early-Mover Advantage in a High-Growth Niche** Battery liquid cooling plates—critical for maintaining optimal battery temperatures—are projected to fuel a global market worth ¥14.5 billion by 2025, per Shenwan Research. Rnbc began developing these components as early as 2011, collaborating with CATL by 2012 and achieving mass production for SAIC Volkswagen’s first NEV in 2016.

From 2022 to 2024, Rnbc’s revenue from liquid cooling plates grew from ¥804 million to ¥1.18 billion, capturing a 12.16% market share. The company holds 203 patents (20 inventions) and is recognized as a national-level "Little Giant" enterprise for its innovation.

**Expanding Horizons: Energy Storage and Beyond** With NEV sales projected to hit 15.5 million units in China by 2025 (up 20% YoY), and thermal management systems poised to exceed ¥100 billion by 2030, Rnbc is doubling down on growth. Its energy storage segment revenue skyrocketed from ¥36 million in 2022 to ¥337 million in 2024, supplying giants like CATL and SunGrow.

Rnbc’s IPO raised ¥632 million to expand production capacity, targeting 3.6 million liquid cooling plates annually. The company aims to leverage its technological edge and strategic partnerships to dominate thermal management across NEVs and energy storage—a market set to thrive under global decarbonization trends.

Analysts highlight Rnbc’s "first-mover moat" and R&D focus as key drivers for sustained leadership in this trillion-yuan赛道.

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