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泽润新能首日翻倍 上市募5亿去年经营现金净额降97%
Zhong Guo Jing Ji Wang· 2025-05-16 07:58
Core Viewpoint - Jiangsu Zerun New Energy Technology Co., Ltd. (stock code: 301636) was listed on the Shenzhen Stock Exchange's ChiNext board, closing at 65.96 yuan with a 99.52% increase, a trading volume of 813 million yuan, and a total market capitalization of 4.213 billion yuan [1] Company Overview - Zerun New Energy specializes in integrated solutions for photovoltaic module junction boxes, focusing on electric connection, protection, and intelligent technology in the new energy sector [1] - The company’s major shareholder and actual controller is Chen Zepeng, who holds 41.34% of the shares and controls an additional 7.59% through a partnership, totaling 48.93% voting rights [1] Financial Performance - From 2022 to 2024, Zerun New Energy reported revenues of 521.93 million yuan, 844.31 million yuan, and 875.95 million yuan, respectively, with net profits of 86.40 million yuan, 120.15 million yuan, and 131.32 million yuan [6][7] - The company’s net profit attributable to shareholders was 131.32 million yuan in 2024, with a basic earnings per share of 2.74 yuan [7] - The total assets increased from 609.39 million yuan in 2022 to 1.069 billion yuan in 2024, while the equity attributable to shareholders rose from 317.19 million yuan to 588.47 million yuan [7] Market Position and Risks - The company has a significant reliance on a major customer, referred to as Customer A, which contributed over 50% of the gross profit, raising concerns about customer dependency [2][3] - The photovoltaic battery component market is dominated by crystalline silicon batteries, which hold a 96.9% market share, while thin-film batteries account for 3.1% [2] Fundraising and Use of Proceeds - Zerun New Energy raised a total of 527.87 million yuan from the public offering, with a net amount of 462.17 million yuan after deducting issuance costs [3] - The funds will be allocated to projects including the expansion of photovoltaic module junction boxes, construction of auxiliary power battery boxes for electric vehicles, and the establishment of a research and development center [3] Recent Developments - In the first quarter of 2025, the company achieved a revenue of 216.43 million yuan, a year-on-year increase of 16.33%, and a net profit of 32.91 million yuan, up 14.74% [8] - The company anticipates a revenue forecast of 448 million to 463 million yuan for the first half of 2025, with expected net profits ranging from 68 million to 74.5 million yuan [9]
泽润新能:自主研发核心产品技术 光伏组件接线盒市占率逐年提升
Zhong Zheng Wang· 2025-05-08 04:18
Core Viewpoint - ZeRun New Energy is set to go public on the ChiNext board, focusing on providing integrated solutions for photovoltaic module junction boxes, which are essential components in solar power systems [1] Group 1: Company Overview - ZeRun New Energy specializes in the fields of new energy electrical connections, protection, and intelligent technology, recognized as a high-tech enterprise and a national-level "little giant" [1] - The company has built a comprehensive technical reserve in the junction box sector and the new energy vehicle sector, allowing it to cater to diverse application scenarios and technical routes [2] Group 2: Research and Development - The company adopts a forward-looking R&D model based on industry trends and market demand, emphasizing innovation to ensure continuous improvement in its R&D capabilities [2] - ZeRun has accelerated the development of connection and protection products for new energy vehicles, leveraging its technology in junction boxes to create new profit growth points [3] Group 3: Market Performance - The company has shown steady performance with increasing market share, reporting revenues of 522 million yuan, 844 million yuan, and 876 million yuan for 2022, 2023, and 2024 respectively [5] - ZeRun's products have gained recognition from leading photovoltaic companies, establishing strong partnerships and expanding its customer resource base [5] Group 4: Future Strategy - The funds raised from the IPO will be invested in expanding production capacity for junction boxes, developing auxiliary power battery boxes for new energy vehicles, and enhancing R&D capabilities [4] - The company aims to strengthen its competitive edge in the photovoltaic junction box market while expanding into the new energy vehicle sector to create new business growth points [3][4]
泽润新能将上市:募资金额缩水2.6亿元,多次分红仍要募资补流
Sou Hu Cai Jing· 2025-04-28 18:08
Core Viewpoint - Jiangsu Zerun New Energy Technology Co., Ltd. is set to launch its IPO on the Shenzhen Stock Exchange, with a reduced fundraising target of approximately 528 million yuan, down from an initial plan of 720 million yuan [3][4]. Company Overview - Zerun New Energy specializes in the field of new energy electrical connections, protection, and intelligent technology, primarily providing integrated solutions for photovoltaic module junction boxes [4]. - The company was established in March 2017 and is located in Changzhou, Jiangsu Province, with a registered capital of 40 million yuan [4]. Financial Performance - The company's revenue for 2022, 2023, and 2024 is approximately 522 million yuan, 844 million yuan, and 876 million yuan, respectively, while net profits for the same years are about 86.4 million yuan, 120 million yuan, and 131 million yuan [6][8]. - Total assets at the end of 2022, 2023, and projected for 2024 are approximately 609.39 million yuan, 964.78 million yuan, and 1.069 billion yuan, respectively [7]. - The company's net profit margin has shown a consistent increase, with a basic earnings per share of 2.03 yuan in 2022, rising to 2.74 yuan in 2024 [7]. Fundraising and Use of Proceeds - The IPO will issue 15.967 million shares at a price of 33.06 yuan per share, with net proceeds expected to be around 462 million yuan [3]. - The funds raised will be allocated to the expansion of photovoltaic module production and to supplement working capital, with 150 million yuan specifically earmarked for liquidity [3][6]. Shareholder Information - Major shareholders include Chen Zepeng, Zhuhai International, and TCL, with Chen Zepeng holding a significant stake of 41.34% [4][5]. - The company has a history of profit distribution, having declared cash dividends of 23.38 million yuan in 2022 [3][6]. Customer Base - Key clients of Zerun New Energy include prominent companies such as Maxeon, TCL Zhonghuan, and JinkoSolar, indicating a strong market presence [4][5]. Regulatory Scrutiny - The listing committee has raised concerns regarding the company's reliance on major customers and the implications for its ongoing operational capacity, necessitating further disclosures [3].