On December 11, Shenzhen Capchem Technology Co.,Ltd. (300037.SZ) announced plans to issue H-shares and list on the Hong Kong Stock Exchange's main board. The move aims to advance its global strategy, achieve localized supply chain solutions, and enhance international competitiveness. The proposal requires shareholder approval and regulatory clearances from China's CSRC, Hong Kong's SFC, and HKEX.
As a market leader in battery chemicals, Capchem specializes in R&D, production, and sales of advanced electronic chemicals and functional materials. Its revenue breakdown includes battery chemicals (66.43%), fluorochemical products (17.03%), electronic information chemicals (16.03%), and others (0.50%).
The company operates nine global production bases (eight domestic, one European) for battery chemicals as of June 2024. Its product portfolio spans lithium-ion battery materials (electrolytes, additives, new lithium salts, carbonate solvents), supercapacitor chemicals, primary lithium/sodium-ion battery materials, and solid-state battery components. These serve diverse applications including EVs, energy storage systems, data centers, renewable energy infrastructure, consumer electronics, and industrial tools.
Financial reports show Capchem generated 6.616 billion yuan in Q1-Q3 2025 revenue (up 16.75% YoY), with 748 million yuan net profit (up 6.64% YoY) and 715 million yuan core profit (up 1.26% YoY).
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