Venture(US:VEMLY) Sou Hu Cai Jing·2025-07-14 01:17Core Viewpoint - Wuxi Riqi Intelligent Equipment Co., Ltd. has been accepted for IPO on the ChiNext board, with a focus on intelligent material handling systems, particularly in the lithium battery manufacturing sector, where it holds a leading market share [1][4]. Financial Performance - The company's projected revenue for 2024 is 2.173 billion yuan, with a compound annual growth rate (CAGR) of 87.45% from 2022 to 2024 [2][3]. - Net profit for the same period is expected to reach 270 million yuan, reflecting a CAGR of 58.65% [2][3]. - The total assets as of December 31, 2024, are projected to be 4.804 billion yuan, with a debt-to-asset ratio of 76.48% [3]. Market Position - The market share of the company's lithium battery intelligent material handling systems is expected to increase from 27% in 2023 to 43% in 2024, leading the industry [1][4]. - Major clients include top lithium battery manufacturers such as CATL, BYD, and LG Energy, contributing to 74.27% of total revenue from the top five clients in 2024 [4]. Investment and R&D - The company plans to raise 1.00816 billion yuan, with allocations of 609 million yuan for an intelligent manufacturing base, 199 million yuan for a research and development center, and 200 million yuan for working capital [1][2]. - R&D expenditures are projected to grow from 22.99 million yuan in 2022 to 76.64 million yuan in 2024, with a cumulative investment of 146 million yuan [5]. Ownership Structure - The controlling shareholder, Lu Haodong, holds 85.27% of the company's shares, directly owning 38% and indirectly controlling 47.27% through Ningbo Zhilian [6].