Giant Electronics (301669.SZ) has released its prospectus for an initial public offering and listing on the ChiNext Board. The company plans to issue 120 million shares, representing 25% of the total share capital post-issuance. This offering consists entirely of new shares, with no shares being sold by existing shareholders. The subscription date is set for May 29, 2026, and the payment date for June 2, 2026.
The initial strategic placement involves 36 million shares, accounting for 30.00% of the total offering. Within this, a dedicated asset management plan established for senior management and core employees to participate in the strategic placement is expected to subscribe for no more than 32.312 million yuan, representing up to 12 million shares or 10.00% of the offering. The follow-on investment by subsidiaries of the sponsoring institution is projected to be 5.00% of the offering, equating to 6 million shares. Other strategic investors are expected to subscribe for no more than 200 million yuan. Any difference between the final and initial strategic placement quantities will be reallocated to the offline offering.
Giant Electronics is a national high-tech enterprise and a specialized and sophisticated "Little Giant" firm driven by technological innovation. It provides safe, reliable, efficient, stable, and cost-effective new energy storage battery management system (BMS) products for the new energy industry. The company has maintained a leading position in BMS product shipments for large-scale energy storage over the past three years and aims to become a core supplier of global-leading solutions for enhancing the safety and value of new energy storage systems.
The BMS serves as the "nerve center" of new energy storage systems, performing multi-dimensional data collection, diagnostics, safety management, and proactive maintenance to ensure the safe, reliable, stable, and economical operation of these systems. During the reporting period, the company's energy storage BMS products were widely used in power source/grid-side large-scale high-voltage energy storage power stations, as well as in commercial, industrial, and residential energy storage applications. Additionally, the company's product portfolio includes BMS for backup power used in data centers, communication base stations, and rail transit; power battery BMS for new energy vehicles and electric ships; and related power detection services.
During the reporting period, the company's main business revenue was 778 million yuan, 919 million yuan, and 1.255 billion yuan, with a compound annual growth rate of 26.97%. For the period from January to March 2026, the company's operating revenue increased by 26.14% year-over-year, primarily due to sustained growth in global and domestic energy storage market demand, leading to further expansion in the production and sales scale of energy storage BMS and related products.
After deducting issuance expenses, the net proceeds from this offering will be allocated as follows: 600 million yuan for the construction of an intelligent manufacturing center for energy storage battery management systems, and 250 million yuan for supplementing working capital.
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