Core Viewpoint - Xi'an Taijin New Energy Technology Co., Ltd. (Taijin New Energy) has received approval for its IPO on the Shanghai Stock Exchange's Sci-Tech Innovation Board, aiming to raise 990 million yuan [1] Company Overview - Taijin New Energy specializes in the research, design, production, and sales of high-end green electrolysis equipment, titanium electrodes, and metal glass sealing products [1] - The company is a leading provider of high-performance electronic circuit copper foil and ultra-thin lithium battery copper foil production line solutions globally [1] - It is a major R&D and production base for precious metal titanium electrode composite materials and electronic sealing glass materials in China [1] Product and Market Position - Taijin New Energy offers essential equipment and complete production line solutions for high-end copper foil production, including cathode rollers, foil production integrated machines, titanium anodes, surface treatment machines, and efficient copper dissolution tanks [1] - The company also provides high-performance titanium electrodes for industries such as green environmental protection, aluminum foil formation, hydrometallurgy, and hydrogen production [1] - Its glass sealing products are used in aerospace and military electronics, with high market recognition [1] Financial Performance - The company achieved revenues of approximately 1.005 billion yuan, 1.669 billion yuan, 2.194 billion yuan, and 1.164 billion yuan for the years 2022, 2023, 2024, and the first half of 2025, respectively [3] - Net profits for the same periods were approximately 98.2936 million yuan, 155 million yuan, 195 million yuan, and 104 million yuan [3] - As of June 30, 2025, total assets were approximately 3.282 billion yuan, with equity attributable to shareholders at approximately 673.771 million yuan [4] Investment Plans - The company plans to publicly issue no more than 40 million shares, with the raised funds allocated to projects including high-end intelligent complete equipment for green electrolysis, high-performance composite coating titanium electrode materials, and the establishment of a corporate R&D center [2][3]