Venture(US:VEMLY) Zheng Quan Shi Bao Wang·2025-06-27 01:23Core Viewpoint - The company, Wuxi Lichi Intelligent Equipment Co., Ltd., has submitted an IPO application to the Shenzhen Stock Exchange's ChiNext, aiming to raise 1 billion yuan for projects related to intelligent manufacturing and R&D [1] Group 1: Company Overview - Lichi Intelligent specializes in material automation handling, with core products including intelligent handling systems and individual machines, achieving significant market competitiveness and customer recognition [1] - The company has experienced rapid revenue growth, with projected revenues of 619 million yuan, 1.721 billion yuan, and 2.173 billion yuan from 2022 to 2024, reflecting a compound annual growth rate (CAGR) of 87.45% [1] Group 2: Market Position and Share - Lichi Intelligent holds the leading market share in the lithium battery material handling sector, with revenue contributions from lithium battery business projected at 95.98%, 91.81%, and 93.82% from 2022 to 2024 [2] - The company's market share in the lithium battery slurry feeding system industry is expected to increase from 27% in 2023 to 43% in 2024, supported by partnerships with major clients like CATL and BYD [2] Group 3: Industry Trends - The global lithium battery shipment volume is forecasted to grow explosively from 227 GWh in 2019 to 1,474 GWh in 2024, with China accounting for over 80% of the global market [3] - The Chinese lithium battery equipment market is projected to reach 85 billion yuan by 2027, with a CAGR exceeding 20% from 2025 to 2027 [3] Group 4: R&D and Technological Advancements - Lichi Intelligent's R&D expenses are expected to grow from 22.99 million yuan in 2022 to 76.64 million yuan in 2024, with a CAGR of 82.57% [5] - The company has developed a range of intelligent processing systems for lithium battery production, focusing on enhancing automation and energy efficiency [4][5] Group 5: Strategic Development - The company employs a dual-driven strategy focusing on deepening its technology in the lithium sector while expanding its product offerings in non-lithium areas, establishing a unique customer base and technological barriers [5] - Lichi Intelligent aims to leverage its position in the capital market to further advance technology updates and high-end product upgrades, aspiring to become a world-class process equipment manufacturer [5]