这家锂电企业拟“借壳上市”

Core Viewpoint - Shanghai Weitai Industrial Automation Co., Ltd. plans to acquire 51% of Shanghai Zijiang New Material Technology Co., Ltd. for 546 million yuan, constituting a major asset restructuring and related party transaction [1][2]. Group 1: Transaction Details - The acquisition will make Zijiang New Material a subsidiary of *ST Weitai [2]. - Zijiang New Material specializes in the research, production, and sales of aluminum-plastic film for power storage and 3C digital soft-pack lithium batteries [2]. Group 2: Client Relationships - In 2021, Zijiang New Material generated 115.77 million yuan in sales revenue from BYD, accounting for 31.59% of its total revenue, making BYD its largest customer [2]. - Contemporary Amperex Technology Co., Limited (CATL) was the second-largest customer, contributing 13.63% to Zijiang New Material's revenue [2]. - Following the transaction, CATL will no longer hold shares in Zijiang New Material, opting to cash out [2]. Group 3: Corporate Structure and IPO Plans - Zijiang New Material is a subsidiary of Zijiang Enterprise, which is controlled by the actual controller of *ST Weitai, Shen Wen [2]. - Zijiang Enterprise's plan to spin off Zijiang New Material for an IPO on the Growth Enterprise Market was accepted in June 2022, but the plan was terminated in December 2023, with intentions to list on the New Third Board instead [2]. - The termination of the IPO was attributed to the need for coordinated business development and capital operation planning for Zijiang New Material [2].