沛城科技冲刺北交所IPO补流，账上仍有大量现金

Core Viewpoint - Shenzhen Peicheng Electronic Technology Co., Ltd. (Peicheng Technology) has received acceptance for its IPO on the Beijing Stock Exchange, positioning itself as a value-added service provider in the lithium battery new energy sector [2] Company Overview - Peicheng Technology specializes in the research, development, production, and sales of third-party battery power control systems (BMS, PCS, etc.), focusing on key components for batteries, power sources, electric drives, and electric vehicles [4] - The company holds 15 invention patents and 166 software copyrights, achieving a battery state of charge (SOC) estimation error of less than 2.5% and a cycle life improvement of over 20%, leading the industry in technical indicators [4] - Products are supplied in bulk to major companies such as BYD, XINWANDA, and KST, with clients including 6 of the top 10 global energy storage lithium battery manufacturers [4] Financial Performance - Peicheng Technology's revenue has shown volatility due to factors like the decline in European energy prices, with projected revenues of 850 million yuan, 764 million yuan, and 733 million yuan for 2022, 2023, and 2024 respectively [4] - The company's net profit after deducting non-recurring items is expected to be 101 million yuan, 116 million yuan, and 92 million yuan for the same years [4] Fundraising and Investment Plans - The company aims to raise 500 million yuan through its IPO, with plans to invest in battery and power control system capacity enhancement, research and development center construction, and working capital, including 62 million yuan for working capital [4] - Despite the fundraising efforts, Peicheng Technology has shown significant growth in cash reserves during the reporting period, with cash balances of 60.27 million yuan, 132 million yuan, and 230 million yuan at the end of each respective year, primarily held in bank deposits [5]