插播 ：3000+精准目标用户群，构建用户侧储能项目示范、精品展示及采购对接平台，2025全球用户侧储能产业价值峰会暨应用示范展6月启幕！点击下 方" 阅读原文 "了解详情 储能行业迎上市热潮？首航新能昨日上市，正力新能今起招股： 2企上市 ■ 正力新能：香港 IPO 今起招股 根据公告，正力新能拟全球发售约 1.22 亿股 H 股 （香港占10%，国际占90%），另有约 15% 的超额配股权； 发售价为每股 8.27 港元，每手 买卖单位为 300 股；预期股份将于 4 月 14 日开始在香港联交所买卖。 正力新能募集净额约9.28亿港元， 80%用于产能扩张（2024年底电芯设计总产能为25.5GWh、目标2026年达 50.5GWh ）、10%研发投入、 10%补充营运资金。 据招股说明书 关键数 据，正力新能2024年储能业务承压、毛利率逆势提升： ·2024年储能收入为2.13亿元，同比下滑32.38%（2023年3.15亿元） ·储能销量下降了23.40% （2024年5 75.2MWh vs. 2023年751.0MWh） 首航新能（301658.SZ） ：4月2日登陆深交所创业板，首日收盘价4 ...

Core Viewpoint - Shihang New Energy successfully listed on the Shenzhen Stock Exchange on April 2, 2024, marking its entry into the capital market after nearly three years of efforts towards an IPO [1] Group 1: IPO and Market Performance - On its first trading day, Shihang New Energy's stock opened at 40.00 CNY per share and closed at 40.65 CNY, achieving a remarkable increase of 244.49%, resulting in a total market capitalization of 16.76 billion CNY [1] - The company officially began its IPO subscription on March 24, 2024, issuing 41.24 million shares at a price of 11.80 CNY per share, raising a total of 487 million CNY [2] - Investors who received shares in the IPO could earn a profit of 2,885 CNY per lot based on the closing price on the first day of trading [2] Group 2: Business Overview - Shihang New Energy specializes in solar power conversion, storage, and management, providing photovoltaic power generation and storage system equipment for commercial users, households, and ground power stations [3] - The company's core products include string photovoltaic grid-connected inverters, photovoltaic storage inverters, storage batteries, and photovoltaic system accessories [3] Group 3: Revenue Composition and Performance - As of the first half of 2024, the revenue composition shows that inverter products accounted for 51.09% of total revenue, storage inverters for 24.98%, and storage batteries for 21.66%, with other businesses contributing only 2.27% [4] - Shihang New Energy's overseas sales have consistently represented over 80% of its main business revenue from 2021 to the first half of 2024, indicating strong international market performance [5] - The company's revenue showed volatility, with reported revenues of 4.457 billion CNY in 2022 and 3.743 billion CNY in 2023, while the revenue for 2024 is projected at 2.711 billion CNY, a decrease of 27.58% year-on-year [5]

文 | 首航新能源 4月2日上午，在政府机构、中介机构、合作伙伴等诸多嘉宾的见证下，首航新能源董事长许韬 在深圳证券交易所仪式大厅敲响开市宝钟，首航新能（股票代码：301658）正式在深圳证券交 易所创业板挂牌上市。 截至上午11: 30， 首航新能股价报3 9 . 8 0元/股，总市值达到1 6 4 . 1 2 亿元。 以下文章来源于首航新能源 ，作者SOFAR 首航新能源 . 首航新能源是全球领先的光伏和储能解决方案提供商，为户用、工商业、大型地面电站提供系统解决方 案。产品涵盖1-350kW光伏逆变器、3-20kW储能逆变器、高效储能电池及数据中心能源解决方案。 上市，是首航新能源发展历程中的重要节点，也是首航新能源亮剑全球资本市场的里程碑，更 是在全球能源结构转型浪潮及中国"双碳"目标战略下，科技与资本融合的深度实践。 喷薄日出 首航风正扬帆正当时 首航新能源自2013年成立以来，始终专注于太阳能电力的转换、存储与管理，核心产品涵盖1- 320kW组串式光伏逆变器、3-20kW光伏储能逆变器、储能电池及光伏系统配件等，为户用、 工商业、大型地面电站提供一站式光储能源系统解决方案。伴随着国家"双碳"目标 ...

Core Viewpoint - Shenhui New Energy (首航新能) has successfully listed on the Shenzhen Stock Exchange's ChiNext board, with a significant opening price and trading performance, indicating strong market interest in the company and its focus on renewable energy solutions [1]. Company Overview - Shenhui New Energy specializes in the research, production, sales, and service of renewable energy power equipment, particularly solar energy conversion, storage, and management systems [1]. - The company's core products include string photovoltaic grid-connected inverters, photovoltaic storage inverters, storage batteries, and photovoltaic system accessories [1]. Shareholding Structure - The controlling shareholder of Shenhui New Energy is Xu Tao, who directly holds 46.62% of the company's shares and has significant indirect holdings through investment partnerships, totaling 52.75% of the shares [2][3]. - Xu Tao also controls 67.26% of the voting rights, establishing him as the actual controller of the company [3]. Financial Performance - For the years 2021 to 2023, Shenhui New Energy reported revenues of 1,825.64 million yuan, 4,456.71 million yuan, and 3,743.25 million yuan, respectively, with net profits of 186.85 million yuan, 848.87 million yuan, and 341.01 million yuan [8]. - The company’s gross profit margins for its storage inverters and batteries have been higher than industry peers, with storage inverter margins at 49.40% to 56.11% and battery margins increasing from 14.26% to 25.72% over the same period [4][5]. Fundraising and Investment Plans - Shenhui New Energy raised a total of 486.60 million yuan from its IPO, with net proceeds of 412.52 million yuan after expenses [6]. - The company plans to use the funds for various projects, including energy storage system construction, new energy product R&D, and marketing network development [7]. Future Projections - For 2024, Shenhui New Energy forecasts a revenue of 2,712.73 million yuan, representing a year-on-year decrease of 27.53%, and a net profit of 254.91 million yuan, down 25.25% [11]. - The company anticipates a revenue range of 680 million to 720 million yuan for Q1 2025, with a slight decline in year-on-year performance [12].

Core Viewpoint - The article highlights the rapid transformation of China's renewable energy sector, particularly in the photovoltaic and energy storage industries, with Shenzhen SOFAR New Energy Co., Ltd. (首航新能) emerging as a key player following its recent listing on the Shenzhen Stock Exchange [1] Company Overview - Shenzhen SOFAR New Energy specializes in the research, production, sales, and service of renewable energy power equipment, focusing on photovoltaic grid-connected inverters, energy storage inverters, and storage batteries [1] - The company has achieved over 75% of its revenue from overseas markets, showcasing its competitive edge against international giants like SMA and SolarEdge [1][8] Market Trends - The photovoltaic industry is expected to stabilize with silicon wafer prices and profit margins rebounding, with projections indicating a return to over 15% gross margin by Q2 2025 [2] - The global energy storage market is anticipated to reach a scale of 200 billion yuan by 2025, with a shipment volume exceeding 449 GWh, reflecting a year-on-year growth of 30% [2] Business Strategy - SOFAR New Energy has adopted a dual-track strategy focusing on both photovoltaic and energy storage sectors, allowing it to adapt well to industry cycles [2] - The company has developed a product matrix that includes photovoltaic grid-connected inverters, energy storage inverters, and storage batteries, which has contributed to its robust growth [5] Financial Performance - The revenue from grid-connected inverters increased from 1.177 billion yuan in 2021 to 2.06 billion yuan in 2023, while energy storage inverters saw a 226% increase in 2022, reaching 1.373 billion yuan [5] - The company's R&D expenses have totaled 749 million yuan, accounting for 6.51% of its revenue, indicating a strong commitment to innovation [6] Technological Advancements - SOFAR New Energy's photovoltaic inverters have achieved a maximum efficiency of 98.4%, and the company has developed advanced grid interaction technologies [6] - The company has established a solid technological moat through significant R&D investments and partnerships with academic institutions [6] Global Expansion - The company has successfully penetrated international markets, with over 75% of its revenue coming from abroad, and has established a strong presence in emerging markets like India and Brazil [10] - SOFAR New Energy's strategic partnerships and localized marketing efforts have facilitated its global expansion [10] Future Outlook - The company plans to use the funds raised from its IPO to enhance its energy storage systems, R&D capabilities, and marketing networks, positioning itself for accelerated growth in the renewable energy sector [10]

Company Overview - Shenzhen Shouhang New Energy Co., Ltd. will list its ordinary shares on the Shenzhen Stock Exchange's ChiNext board on April 2, 2025, with a total of 41,237.1135 million shares post-IPO [1][3] - The company will issue 41.237114 million new shares, accounting for 10.00% of the total share capital after the issuance [1] Financial Information - The IPO price is set at 11.80 CNY per share, which corresponds to a diluted price-to-earnings (P/E) ratio of 15.88 times based on the lower of the 2023 net profit attributable to shareholders after deducting non-recurring gains and losses [3][4] - The average static P/E ratio for comparable companies in the electrical machinery and equipment manufacturing industry is 23.24 times, while the industry average P/E ratio as of March 19, 2025, is 19.26 times [2][3] Industry Context - The company operates in the electrical machinery and equipment manufacturing industry (C38), which is characterized by high investment risks, including unstable performance and significant operational risks [2] - Investors are advised to consider the market risks associated with the ChiNext board, which may include volatility and potential for irrational speculation [4]

每经资本眼专栏记者发现，明日也将迎来4月份的首只新股首航新能（301658），其也是宁德时代 （300750）的小伙伴，获得包括宁德时代在内的多家巨头注资。那么，首航新能明日上市会有怎样的表 现？光伏逆变器出货量全球第十，获宁德时代全资子公司注资 公开资料显示，首航新能主营业务为从事新能源电力设备研发、生产、销售及服务。2022、2023年，公 司光伏逆变器出货量位列全球第十位，2022年市占率约为3%。公司境外销售收入占比较高，主要销售 地区为意大利、德国、捷克、英国和波兰。 近一个月来指数虽然持续震荡，但新股的打新收益却相当亮眼。今年3月份，上市的14只新股在上市首 日平均涨幅高达221.7%。 所以，从近期新股的平均涨幅来看，200.68%-221.7%的涨幅区间是一个重要的参考区间。 其次，从估值的角度来看，首航新能相对于可比公司有一定差距。 新股雷达数据显示，截至2025年3月21日，首航新能的动态市盈率为18.8倍；首航新能的可比公司为上 能电气（300827）、固德威、德业股份（605117）、艾罗能源、锦浪科技（300763）、阳光电源 （300274）等公司。剔除市盈率为负和指标异常的公司后 ...

深圳市首航新能源股份有限公司 首次公开发行股票并在创业板上市之 上市公告书提示性公告 保荐人（主承销商）：国泰君安证券股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 经深圳证券交易所审核同意，深圳市首航新能源股份有限公司（以下简称 "发行人"或"本公司"）发行的人民币普通股票将于2025年4月2日在深圳证券 交易所创业板上市，上市公告书全文和首次公开发行股票并在创业板上市的招股 说明书全文披露于中国证券监督管理委员会指定的信息披露网站（巨潮资讯网， 网址www.cninfo.com.cn；中证网，网址www.cs.com.cn；中国证券网，网址 www.cnstock.com；证券 时报网 ，网址 www.stcn.com ；证券日 报网， 网址 www.zqrb.cn ；经 济参 考网 ， 网址 www.jjckb.cn ；中 国 金融 新闻 网 ，网 址 www.financialnews.com.cn；中国日报网，网址www.chinadaily.com.cn），供投资 者查阅。 所属网页二维码：巨潮资讯网 一、上市概况 4、首次公开发行股 ...

股票简称：首航新能 股票代码：301658 深圳市首航新能源股份有限公司 Shenzhen SOFARSOLAR Co., Ltd. （深圳市宝安区新安街道兴东社区 67 区高新奇科技楼 11 层） 首次公开发行股票并在创业板上市 之 上市公告书 保荐人（主承销商） （中国（上海）自由贸易试验区商城路618号） 二〇二五年四月 深圳市首航新能源股份有限公司 上市公告书 特别提示 如无特别说明，上市公告书中的简称或名词的释义与本公司首次公开发行 股票招股说明书中的相同。 创业板公司具有业绩不稳定、经营风险高、退市风险高等特点，投资者面 临较大的市场风险。投资者应充分了解创业板市场的投资风险及本公司所披露 的风险因素，审慎做出投资决定。 本上市公告书中若出现总计数与所列数值总和不符的情形，均为四舍五入 所致。 深圳市首航新能源股份有限公司（以下简称"首航新能"、"发行人"、 "公司"或"本公司"）股票将于 2025 年 4 月 2 日在深圳证券交易所创业板上 市。 本公司提醒投资者应充分了解股票市场风险及本公司披露的风险因素，在 新股上市初期切忌盲目跟风"炒新"，应当审慎决策、理性投资。 1 深圳市首航新能源股份 ...

国泰君安证券股份有限公司 关于 深圳市首航新能源股份有限公司 首次公开发行股票并在创业板上市 之 保荐机构（主承销商） （中国（上海）自由贸易试验区商城路 618 号） 二〇二五年四月 上市保荐书 本保荐机构和本保荐机构委派参与本项目发行保荐上市工作的保荐代表人 刘怡平、强强承诺：根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《首次公开发行股票注册管 理办法》（以下简称"《注册办法》"）、《证券发行上市保荐业务管理办法》（以下 简称"《保荐业务管理办法》"）、《深圳证券交易所创业板股票上市规则（2023 年 8 月修订）》（以下简称"《上市规则（2023 年 8 月修订）》"）、《深圳证券交易所 股票发行上市审核规则（2024 年修订）》（以下简称"《审核规则（2024 年修 订）》"）、《深圳证券交易所股票发行上市审核业务指引第 2 号——上市保荐书内 容与格式》（以下简称"《格式指引》"）等有关法律、法规和中国证监会及深圳证 券交易所的有关规定，诚实守信，勤勉尽责，严格按照依法制定的业务规则和行 业自律规范出具本上市保荐书，并保证所出具文件真 ...