刚刚，江苏诞生一个超级IPO

Core Viewpoint - Zhengli New Energy, founded by Cao Fang, has successfully gone public in Hong Kong, marking a significant milestone as Jiangsu's first unicorn company with a market capitalization exceeding 20 billion HKD [1][2]. Company Overview - Zhengli New Energy specializes in lithium-ion battery manufacturing and has reported annual revenues exceeding 5.1 billion CNY [1][4]. - The company was established in 2016, focusing on electric vehicle core components, and has since evolved into a key player in the energy storage and battery market [2][3]. Financial Performance - The company achieved revenues of approximately 1.499 billion CNY, 3.29 billion CNY, 4.162 billion CNY, and 5.13 billion CNY from 2021 to 2024, with over 80% of revenue coming from power batteries [6]. - Despite initial losses from 2021 to 2023, Zhengli New Energy turned a profit in 2024, reporting a net profit of 91 million CNY, driven by an increase in gross margin from 5% in 2023 to 14.6% in 2024 [6]. Investment and Support - The company has raised a total of 3.4 billion CNY through two rounds of financing, with significant backing from various investment groups and state-owned enterprises [3][5]. - Key investors include Haisheng Capital, Jiangning Talent Group, and several others, which have collectively supported the company's growth trajectory [3][5]. Product Portfolio - Zhengli New Energy offers a diverse range of products, including power batteries, energy storage batteries, and aviation batteries, utilizing standardized cells and differentiated electrochemical systems [5]. - The company has made substantial investments in R&D, totaling over 1.5 billion CNY over four years, resulting in 3,613 patent applications and 2,225 granted patents [5]. Market Position - According to Frost & Sullivan, Zhengli New Energy ranks ninth in the Chinese market for lithium iron phosphate and ternary power batteries based on installed capacity [6].