公开资料显示，金晟新能曾于2022年启动A股上市辅导，2024年8月终止上市辅导。2024年12月20日， 金晟新能首次向港交所递交上市申请，但招股书于6个月之后失效。 9月3日，广东金晟新能源股份有限公司再次向港交所提交上市申请。金晟新能是国内主要的锂电池回收 和再生利用企业。按照计划，公司拟向上、下游锂电材料扩张，建立锂电池再生利用一体化生态体系， 提高锂电材料产能和市场份额，巩固行业地位。 今年以来，碳酸锂价格延续下跌趋势。9月30日，上海钢联（300226）电池级碳酸锂均价报73250元/ 吨。2025年上半年，金晟新能碳酸锂平均售价为5.94万元/吨，2024年上半年平均售价为8.58万元/吨。 2023年和2022年，公司碳酸锂平均售价分别为19.64万元/吨和39.63万元/吨。 按照计划，金晟新能拟将部分募集资金用于赣州生产基地退役磷酸铁锂电池处理厂建设的开支，主要包 括建设厂房、购置和安装主要生产机器及设备所需的资金；拓展上游原材料资源；加强研发能力，用作 营运资金和一般公司用途。金晟新能在招股书中表示，公司计划通过建设新的生产线及生产设施来进一 步提升产能，以满足锂电材料产品不断增长的需求 ...

Core Viewpoint - Guangdong Jingsheng New Energy Co., Ltd. has submitted a new listing application to the Hong Kong Stock Exchange, aiming to expand its lithium battery recycling and regeneration business, and establish an integrated ecosystem for lithium battery recycling [1][2]. Company Overview - Jingsheng New Energy focuses on lithium battery recycling and regeneration, covering mainstream battery systems such as ternary lithium batteries and lithium iron phosphate batteries. Its products include lithium carbonate, nickel sulfate, and cobalt sulfate, widely used in electric vehicles, energy storage systems, and consumer electronics [3]. - According to a report by Frost & Sullivan, Jingsheng New Energy is the second-largest lithium battery recycling and regeneration company globally based on 2024 sales revenue. The company has a lithium metal recovery rate exceeding 95%, surpassing the industry average of 90% [3]. Production Capacity and Expansion Plans - Jingsheng New Energy has established three production bases in Zhaoqing, Guangdong Province, and Yichun and Ganzhou in Jiangxi Province. By the end of 2024, the company's production capacity for lithium carbonate, nickel sulfate, and cobalt sulfate is expected to be approximately 76,600 tons per year [3]. - The company plans to expand upstream and downstream in lithium materials, continuously improve its integrated ecosystem for lithium battery recycling, enhance production capacity, and increase market share to solidify its leading position in the industry [3][6]. Financial Performance - Financial data shows that Jingsheng New Energy's operating revenues for 2022, 2023, and 2024 were approximately 2.905 billion yuan, 2.892 billion yuan, and 2.157 billion yuan, respectively. Net profits for the same years were 151 million yuan, -471 million yuan, and -344 million yuan [5]. - The company reported continued losses in 2023 and 2024, primarily due to a significant decline in lithium carbonate prices. In the first half of 2025, the company continued to incur losses attributed to increased administrative and R&D expenses [5]. Price Trends and Market Impact - Lithium carbonate prices have been on a downward trend, with the average price reported at 73,250 yuan per ton as of September 30. The average selling price of lithium carbonate for Jingsheng New Energy in the first half of 2025 was 59,400 yuan per ton, down from 85,800 yuan per ton in the first half of 2024 [5]. - The company indicated that fluctuations in the prices of lithium carbonate, nickel sulfate, and cobalt sulfate could significantly impact its financial condition and operating performance [5].