SUNWODA(SZ:300207) Sou Hu Cai Jing·2025-08-01 06:18Core Viewpoint - XINWANDA has submitted an application for listing on the Hong Kong Stock Exchange, aiming to leverage its position as a leading player in the lithium battery industry and expand its market presence [2][3]. Company Overview - Founded in 1997 and listed on the Shenzhen Stock Exchange in 2011, XINWANDA has a total market capitalization exceeding 40 billion RMB [2]. - The company specializes in providing integrated solutions for green and efficient new energy [2]. Market Position - XINWANDA is the largest lithium-ion battery manufacturer globally based on the combined shipment volume of smartphones, laptops, and tablets in 2024, with a market share of 34.3% in the smartphone battery sector [3]. - It ranks as the second-largest manufacturer of batteries for laptops and tablets, holding a market share of 21.6% [3]. Financial Performance - For the fiscal years ending December 31, 2022, 2023, and projected for 2024, XINWANDA reported revenues of approximately 52.16 billion RMB, 47.86 billion RMB, and 56.02 billion RMB, respectively [4]. - The net profit attributable to shareholders for the same periods was approximately 1.068 billion RMB, 1.076 billion RMB, and 1.474 billion RMB [4]. - In Q1 2025, the company achieved a revenue of 12.29 billion RMB, reflecting a year-on-year growth of 11.97%, with a net profit of 387 million RMB, up 21.23% [5]. Investment Projects - XINWANDA has decided to terminate two investment projects: the "XINZHIWANG Intelligent Hardware Comprehensive Production Base Project" in Ningxiang and the "XINWANDA 30GWh Power Battery Production Base Project" in Zhuhai, due to changes in market conditions and lack of substantial progress [7][8]. - The total planned investment for the Ningxiang project was 2 billion RMB, while the Zhuhai project was estimated at 12 billion RMB [7].