CATL(300750) 搜狐财经·2025-04-02 15:26Core 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]