Shangshui Intelligence Passes GEM IPO Review, Plans to Raise 588 Million Yuan

Stock News12-16 19:52

On December 16, Shenzhen Shangshui Intelligent Equipment Co., Ltd. (Shangshui Intelligence) successfully passed the listing review by the Shenzhen Stock Exchange's Growth Enterprise Market (GEM) board. Guolian Minsheng Securities is the sponsor for this IPO, which aims to raise approximately 587.39 million yuan.

According to the prospectus, the company has over a decade of experience in the intelligent equipment industry, developing integrated technological capabilities centered on "core machinery + intelligent control systems + process packages." Its core business focuses on micro-nano powder processing, precise liquid-powder metering, powder-liquid mixing and dispersion, and functional film preparation. These products are widely applicable in industries such as new energy batteries, advanced materials, chemicals, food, pharmaceuticals, and semiconductors.

Currently, Shangshui Intelligence primarily serves the new energy battery electrode manufacturing and advanced materials preparation sectors, specializing in the R&D, design, production, and sales of intelligent equipment with integrated process capabilities.

Market data from GGII shows that in 2024, the company held a 60% market share in China for its recirculation-type high-efficiency slurry preparation systems, ranking first domestically. Its lithium battery slurry preparation systems accounted for 12.77% of the domestic market, securing the third position.

In the new energy battery electrode manufacturing sector, Shangshui Intelligence has established partnerships with leading companies including BYD (002594.SZ), EVE Energy (300014.SZ), CATL (300750.SZ), CALB (03931.HK), Amperex Technology Limited, REPT BATTERO (00666.HK), Chuangneng New Energy, Sunwoda (300207.SZ), Envision AESC, Great Power (300438.SZ), Xingheng Power, Tianjin Lishen, and GAC Aion. It also collaborates with international battery manufacturers such as Samsung SDI, LG Energy Solution, Panasonic, and SK On.

Financially, from 2022 to the first half of 2025, the company reported revenues of approximately 397 million yuan, 601 million yuan, 637 million yuan, and 398 million yuan, respectively. Net profits for the same periods were 97.72 million yuan, 234 million yuan, 153 million yuan, and 93.71 million yuan.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment