产业关键期，锂电装备“小巨人”尚水智能冲刺创业板IPO

Group 1 - The core viewpoint of the article highlights Shenzhen Shangshui Intelligent Co., Ltd.'s (referred to as "Shangshui Intelligent") successful IPO process, with formal acceptance on June 19 and a second round of inquiries completed on November 20, accelerating its pace towards the capital market [1] Group 2 - Shangshui Intelligent plans to raise 587 million yuan through its IPO, allocating 228 million yuan for the establishment of a high-precision intelligent equipment manufacturing base in South China, 209 million yuan for a research and development center, and 150 million yuan for working capital [2] - The company specializes in micro-nano powder processing and precision metering equipment for liquids, covering the entire manufacturing chain of new energy battery electrode sheets, aligning with the "three innovations and four new" positioning of the Growth Enterprise Market [2] - According to GGII research, the market size for lithium battery production equipment in China is expected to reach approximately 66 billion yuan in 2024, with a projected rebound to 85 billion yuan by 2027, indicating a high-growth trajectory for the industry [2] Group 3 - In November, Shangshui Intelligent won the "Annual Technology Award" at the 2025 High-tech Lithium Battery Golden Ball Awards for its innovative breakthroughs in dry electrode technology, showcasing its commitment to exploring industrialization directions [3] - The company has successfully developed a comprehensive range of electrode routes, including wet, semi-dry, and dry methods, enhancing the process performance of slurry or powder during the dispersion phase [3] - The recognition of the company’s technical strength is further supported by its participation in the formulation of the group standard "Technical Specifications for Dry Electrode Equipment for Solid-State Batteries" (T/TMAC256—2025) [3] Group 4 - Shangshui Intelligent has been deeply engaged in the lithium battery equipment niche market for over ten years, with its main business revenue accounting for over 90%, and continuous growth in R&D investment over the past three years [4] - The company was recognized as a national-level specialized and innovative "Little Giant" enterprise, reflecting its robust technical capabilities and innovative development [4] - The solid-state battery equipment market is rapidly expanding, with a projected global scale of 108 billion yuan by 2030 and an annual compound growth rate exceeding 70%, indicating a strong alignment of Shangshui Intelligent's technical reserves and capacity layout with industry demand [4] - The R&D center funded by the IPO will focus on tackling pilot equipment for all-solid-state batteries, aiming to seize the next generation of technological leadership [4]