微电新能源正式递表港交所，为中国最大无线耳机电池供应商

Core Viewpoint - Guangdong Micro Battery New Energy Co., Ltd. (referred to as "Micro Battery New Energy") has officially submitted its application to the Hong Kong Stock Exchange, aiming to leverage its position as a leading provider of high-performance, high-safety micro lithium-ion battery solutions in the global market [2]. Group 1: Company Overview - Micro Battery New Energy is recognized as a top five global supplier in various micro lithium-ion battery sectors, with a focus on addressing core challenges in battery materials and design [2]. - The company has established a broad customer base, including world-renowned smart device and consumer electronics brands [2]. - In 2024, the company is projected to ship 103.2 million consumer-grade smart terminal micro lithium-ion batteries, ranking fourth globally and second among Chinese suppliers [2]. - For wireless earphones, the company expects to ship 86.9 million micro lithium-ion batteries, ranking second globally and first among Chinese suppliers [2]. Group 2: Manufacturing and Production - The manufacturing system of Micro Battery New Energy is built around three global production bases located in Huizhou, Guangdong Province, Ganzhou, Jiangxi Province, and Bac Ninh Province, Vietnam, each optimized for specific battery types [3]. - The company implements end-to-end traceability and automation processes from raw material procurement to final packaging, ensuring quality consistency and compliance with regional regulations [3]. - The production process includes three core stages: battery manufacturing, testing and inspection, and battery pack assembly, with customized production processes for each battery type [3]. Group 3: Market Trends and Financial Performance - The micro lithium-ion battery market is experiencing long-term growth driven by trends in IoT, 5G, cloud computing, and artificial intelligence, with the global market expected to reach 2,496.1 million units in 2024 and grow at a compound annual growth rate of 12.4% from 2025 to 2029 [3]. - Micro Battery New Energy has successfully capitalized on market opportunities, with revenue increasing by 51.7% from RMB 351.2 million in 2023 to RMB 532.9 million in 2024 [3]. - The company's net profit is projected to rise significantly from RMB 6.8 million in 2023 to RMB 57.8 million in 2024, achieving a net profit of RMB 42.8 million for the nine months ending September 30, 2025 [3]. Group 4: Industry Landscape - The global consumer-grade micro lithium-ion battery industry is relatively concentrated, with the top five suppliers accounting for 27.6% and 37.7% of the market for consumer-grade smart terminal batteries and wireless earphone batteries, respectively [4]. - Micro Battery New Energy believes it is well-positioned to capture growth trends in the global consumer-grade micro lithium-ion battery industry due to its comprehensive product portfolio, diverse customer base, mature R&D capabilities, and advanced manufacturing processes [4]. - Chinese policies are also promoting technological innovation and standard-setting in lithium-ion batteries, with key battery materials and automated manufacturing equipment classified as "encouraged industries" in the 2024 Industrial Structure Adjustment Guidance Catalog [4].