
Core Viewpoint - Nanbaichuan New Energy Co., Ltd. has successfully passed the IPO review on the ChiNext board, focusing on thermal management products for new energy vehicles and fuel vehicles [1] 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] - Key products include battery liquid cooling plates, battery integrated boxes, fuel vehicle engine radiators, and heaters [1] IPO Details - The company aims to raise approximately 729 million yuan, which will be used for the annual production project of 3.6 million sets of water cooling plates and to supplement working capital [1] - The IPO was accepted on September 27, 2023, and entered the inquiry stage on October 23, 2023 [1] Financial Projections - The listing committee requested Nanbaichuan to explain the prudence and reasonableness of its forecasted 14.05% year-on-year growth in net profit attributable to shareholders after deducting non-recurring gains and losses for 2025 [1]