On January 20th, Wuxi Liqi Intelligent Equipment Co., Ltd. (Liqi Intelligent) passed the listing committee review for its initial public offering on the Shenzhen Stock Exchange's ChiNext board. The lead underwriter is Guotai Haitong, and the company aims to raise 1.00816 billion yuan.
According to the prospectus, Liqi Intelligent was established in April 2018 and specializes in the field of automated material handling, including processes like automatic material batching, dispersion and emulsification, and mixing and stirring, providing comprehensive intelligent material handling system solutions. The company offers clients a one-stop service encompassing consultation, design, manufacturing, installation, commissioning, training, and after-sales support, with its products widely used in industries such as lithium battery manufacturing, fine chemicals, and composite materials.
Leveraging the characteristic of customizing both individual equipment and complete systems, Liqi Intelligent independently researches, develops, and manufactures complete sets of intelligent material handling system equipment based on customer requirements, while also providing a full suite of services including equipment installation, commissioning, and daily operation and maintenance. The company's products utilize a self-developed integrated control system, featuring functions such as precise material feeding, automated conveying, high-precision measurement, and efficient mixing, enabling 24-hour continuous production and achieving reduced manpower, intelligent operation, and integration in application scenarios.
In terms of client development, since its inception, Liqi Intelligent has focused on expanding its base of leading customers across multiple industry sectors. It has established stable cooperative relationships with global top-tier lithium battery manufacturers and renowned automobile manufacturers, including CATL, BYD Company Limited, LG Energy Solution, Sunwoda Electronic Co., Ltd., Eve Energy Co., Ltd., Volkswagen Group, and Ford; international fine chemical giants such as Hempel, DuPont, Henkel, Lord, Elkem, and Hyundai Mobis; and large composite material enterprises like GCL Poly and Yageo, ensuring a steady stream of orders.
Bolstered by deep technological and customer resource accumulation, the company's products hold a prominent competitive advantage in the domestic market. Simultaneously, Liqi Intelligent is actively expanding its overseas presence, having established production, R&D, and after-sales service bases in Hungary, Germany, the United States, and Singapore, with its business now covering numerous countries and regions across Asia, North America, Europe, and Australia.
By adhering to a dual-drive strategy of deeply embedding with industry leaders domestically and proactively entering promising markets overseas, and through a development approach that involves vertical technological deepening in the lithium battery sector and horizontal product extension into non-lithium battery fields, the company has built unique customer resources and technological barriers, driving sustainable business growth.
After deducting issuance expenses, the net proceeds from Liqi Intelligent's IPO are intended to be sequentially invested in the following projects.
Financially, for the years 2022, 2023, 2024, and the period from January to June 2025, the company achieved operating revenues of approximately 619 million yuan, 1.721 billion yuan, 2.173 billion yuan, and 1.189 billion yuan, respectively. During the same periods, it recorded net profits of approximately 95.3497 million yuan, 242 million yuan, 299 million yuan, and 151 million yuan.
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