CATL(SZ:300750) 智通财经网·2025-08-28 14:01Core Viewpoint - Nanbaichuan New Energy Co., Ltd. has successfully passed the IPO meeting on the Shenzhen Stock Exchange's ChiNext board, aiming to raise 729 million yuan for its business expansion and operational needs [1][2]. Company Overview - Nanbaichuan specializes in the research, production, and sales of thermal management products for new energy vehicle power batteries, fuel vehicle power systems, and energy storage batteries [1]. - The company has been a strategic supplier for CATL since 2012, providing products to major automotive brands such as Tesla, NIO, Xpeng, and Geely [1]. Production Capacity and Investment - The company operates three production bases in Wenzhou, Anhui Ma'anshan, and Anhui Chuzhou, covering over 200,000 square meters [2]. - The funds raised will be allocated to projects related to the main business and working capital, including a water-cooled plate production project with an investment of approximately 57.94 million yuan [2][3]. Financial Performance - In the fiscal years 2022 to 2025, the company reported revenues of approximately 1.031 billion yuan, 1.136 billion yuan, 1.437 billion yuan, and 337 million yuan respectively [3]. - Net profits for the same periods were approximately 113 million yuan, 98.25 million yuan, 95.43 million yuan, and 14.89 million yuan [3]. Key Financial Metrics - Total assets as of December 2022 were approximately 1.265 billion yuan, increasing to 1.981 billion yuan by March 2025 [4]. - The company's debt-to-asset ratio improved from 56.26% in 2022 to 51.91% in March 2025 [4]. - The basic earnings per share were 1.35 yuan in 2022, projected to decrease to 0.18 yuan by March 2025 [4].