2 1 Shi Ji Jing Ji Bao Dao·2026-02-24 23:03Core Viewpoint - The company Gode Electric Materials (301680.SZ) is set to be available for subscription on February 25, focusing on the research, production, and sales of thermal runaway protection components for new energy vehicle power batteries and electrical insulation products [1]. Group 1: Company Overview - Gode Electric Materials specializes in thermal runaway protection for new energy vehicle batteries and has established itself as a leading enterprise in this field [4]. - The company has received multiple provincial and national technology recognitions, including being designated as a national "specialized, refined, and innovative" small giant enterprise by the Ministry of Industry and Information Technology in 2022 [4]. - As of mid-2025, the company holds 96 patents, including 36 invention patents and 60 utility model patents [4]. Group 2: Financial Information - The company's initial public offering (IPO) price is set at 58.00 yuan per share, with an institutional offering price of 58.77 yuan per share, and a market capitalization of 3.602 billion yuan [2]. - The company's earnings per share (EPS) is projected with a price-to-earnings (P/E) ratio of 27.96, compared to the industry average P/E ratio of 30.44 [2]. - The company plans to invest raised funds into projects including the production of new materials for thermal runaway protection, with an estimated investment of 5.28 billion yuan [2]. Group 3: Client Relationships - Gode Electric Materials has established long-term partnerships with several global automotive manufacturers and battery producers, including General Motors, Ford, Stellantis, and CATL [4]. - The company has received high recognition from clients, winning awards such as the "2024 Supplier Quality Excellence Award" from General Motors and "Best Service Supplier" from Geely Group [4]. Group 4: Market Risks - The company faces trade policy risks, particularly concerning its exports to the U.S., which accounted for 10.80% to 24.73% of its revenue from 2022 to mid-2025 [5]. - Fluctuations in U.S. tariff policies could impact the company's sales growth and profit margins in international markets [5].