Venture(US:VEMLY) Sou Hu Cai Jing·2025-12-04 07:54Company Overview - Hangzhou Gaote Electronics Co., Ltd. plans to list on the Shenzhen Stock Exchange's ChiNext board, raising a total of 850 million yuan [1] - The funds will be used for the construction of an intelligent manufacturing center for energy storage battery management systems and to supplement working capital [1] - Established in 1998, Gaote Electronics is a national high-tech enterprise focused on the research and manufacturing of battery testing and management systems [1] - The company holds core patents in battery management system (BMS) core chips and battery failure analysis diagnostic models [1] - Gaote's BMS front-end collection and active balancing chips have accumulated usage exceeding 40 GWh, with ongoing research in battery safety diagnostic chips and sensor technology [1] Financial Performance - As of 2024, Gaote Electronics has total assets of 1.161 billion yuan and net assets of 799 million yuan [2] - The net profits over the past three years are as follows: 98.42 million yuan (2024), 88.23 million yuan (2023), and 53.75 million yuan (2022) [2] - The company's revenue for 2024 is reported at 261.6 million yuan, with a net profit margin reflected in a net profit of 98.42 million yuan [2] - The return on equity (ROE) for 2024 is 13.15%, down from 25.17% in 2023 and 64.40% in 2022 [2] Industry Context - Gaote Electronics operates within the electrical machinery and equipment manufacturing industry, which saw 14 companies apply for listing in the past year, with 7 successfully listed [4] - The Shenzhen Stock Exchange's ChiNext board received 49 applications in the past year, with 13 successful listings and 2 applications terminated [4] - CITIC Securities, the sponsor for Gaote's listing, has sponsored 23 companies in the past year, with 12 successful listings [4]