1月13日，杭州高特电子设备股份有限公司(简称：高特电子)深交所创业板IPO通过上市委会议。保荐机构为中信证券，拟募 资8.5亿元。 招股书显示，高特电子成立于1998年，是一家以技术创新为驱动的国家级高新技术企业和专精特新"小巨人"企业，面向新能 源产业提供安全、可靠、高效、稳定且更具经济性的新型储能电池管理系统相关产品，连续三年在大型储能领域BMS产品出 货量保持行业前列，致力于成为全球领先的新型储能系统安全与价值提升解决方案的核心供应商。 本次发行募集资金扣除发行费用后，拟投资于储能电池管理系统智能制造中心建设项目及补充流动资金。 财务方面，于2022年度、2023年度、2024年度、2025年1-6月，公司实现营业收入分别约为3.46亿元、7.79亿元、9.19亿元、 5.07亿元；同期，分别录得净利润5375.26万元、8822.92万元、9842.23万元、5141.80万元。 | | | | 项目 | 2025年6月末 | 2024 年末/ | 2023 年末/ | 2022 年末/ | | --- | --- | --- | --- | --- | | | /2025年1-6月 | 2024 ...

今日（即1月13日）， 据今日深圳证券交易所上市审核委员会召开2026年第1次审议会议消息， 高特电子深交所创业板IPO已首发过会，目前已进入提交注 册阶段。 据高特电子招股书披露，高特电子拟发行人民币普通股（A股）不超过12,000万股，拟募资8.5亿元，本次发行募集资金扣除发行费用后的净额拟全部用 于"储能电池管理系统智能制造中心建设项目"及"补充流动资金"。募投项目紧密围绕公司发展战略目标而开展，与主营业务密切相关。 | 序号 | 项目名称 | 投资总额 | 募集资金投入 | | --- | --- | --- | --- | | | 储能电池管理系统智能制造中心建设项目 | 67,413.83 | 60,000.00 | | 2 | 补充流动资金 | 25,000.00 | 25,000.00 | | | 合计 | 92,413.83 | 85,000.00 | 回顾 高特电子的IPO历程，2025年6月23日，高特电子IPO申请正式得到受理，并于同年7月9日进入问询阶段，今日正式通过深交所上市委审议会议。 对于价格下降、盈利能力下滑的风险问询，高特电子解释， 国内新型储能系统中标均价于2025年8月 ...

文/梧桐数据中心 公司前身有限公司成立于1998年2月，2016年10月整体变更为股份公司。本次发行前总股本为36,000.00万股。拥有4家全资子公司、1家全资孙公司、1家参股公 司。截至2025年6月末，员工总计536人。 二、控股股东、实际控制人 贵源控股持有公司13,154.36万股股份，占公司总股本的36.54%，系公司的控股股东。 徐剑虹通过贵源控股、吾尔是投资分别控制公司36.54%、9.63%的股份，合计控制公司46.17%的股份，系公司的实际控制人。 三、报告期业绩 1月13日，杭州高特电子设备股份有限公司创业板IPO申请获得深交所上市委审核通过。 单位：万元 | | 创业板 | | | | | | --- | --- | --- | --- | --- | --- | | 公司简称 主营业务 | | 2024年营收 | 2024年净利润 | 审核结果 | 保荐/律所/审计 | | 储能BMS模块及相关产 鳥特用子 | | 91,904.20 | 8,704.21 | 通过 | 中信证券/北京中伦/天健 | 杭州高特电子设备股份有限公司 主要产品为储能BMS模块及相关产品，并依托BMS数据采 ...

Core Insights - Hangzhou Gaote Electronics Co., Ltd. has officially received acceptance for its IPO application on the Shenzhen Stock Exchange, marking a significant step towards entering the capital market [1] - The company specializes in new energy battery management systems (BMS), which are crucial for the safety and efficiency of energy storage systems [1][2] Company Overview - Gaote Electronics is recognized as a national high-tech enterprise and a "little giant" in specialized and innovative sectors, holding a significant position in the new energy industry [1] - The company's BMS products are essential for data collection, diagnostics, safety management, and proactive maintenance of battery systems, ensuring their safe and economical operation [1] Product Applications - The BMS products of Gaote Electronics are widely applicable in various sectors, including large-scale high-voltage energy storage power stations, commercial and residential energy storage, data centers, communication bases, rail transit, and electric vehicles [2] - The company has developed an integrated control unit and data service that enhances monitoring and management capabilities across multiple energy sources [2] Market Position - Gaote Electronics ranks among the top five BMS manufacturers in terms of installed capacity in operational energy storage stations as of the end of 2024 [3] - The company is recognized as the leading BMS enterprise in China according to the 2023 TOP10 list, showcasing its strong brand influence and market competitiveness [3] Financial Performance - The company has demonstrated robust revenue growth from 344.42 million yuan in 2022 to 918.52 million yuan in 2024, with a compound annual growth rate of 63.31% [4] - Net profit has also shown significant improvement, increasing from 53.75 million yuan in 2022 to 98.42 million yuan in 2024 [4] - Gaote Electronics plans to raise 850 million yuan through its IPO to expand its manufacturing capabilities and support working capital [4] Challenges - The company faces challenges related to accounts receivable, which have increased significantly, potentially leading to collection risks [5] - Despite revenue and profit growth, the net cash flow from operating activities has shown considerable volatility, indicating pressure on operational cash flow [5]

Core Viewpoint - Gaote Electronics is focusing on IPO to raise 850 million yuan for the development of its energy storage battery management system (BMS) products, aiming to enhance its production capacity and maintain its leading position in the industry [1][3]. Company Overview - Gaote Electronics is a national high-tech enterprise and a specialized "little giant" company, driven by technological innovation, providing safe, reliable, efficient, and economical new energy storage BMS products [1]. - The company has maintained a leading position in the shipment volume of BMS products in the large-scale energy storage sector for three consecutive years [1]. Product and Market Position - The BMS serves as the "nerve center" of new energy storage systems, ensuring safe, reliable, stable, and economical operation through multi-dimensional data collection, diagnosis, safety management, and proactive maintenance [1]. - Gaote's BMS products are widely used in various fields, including large high-voltage energy storage power stations, commercial and residential storage, backup power for data centers, communication bases, rail transit, and power detection [1]. Industry Recognition - According to the CESA's 2024 China New Energy Storage Industry Development White Paper, Gaote Electronics ranked first among the top 10 new energy storage BMS companies in China for 2023 [2]. - The company is recognized as a key player in the third-party storage BMS sector, with core clients including major energy storage integrators and battery cell manufacturers [2]. Financial Performance - From 2022 to 2024, Gaote Electronics achieved revenues of 346 million yuan, 779 million yuan, and 919 million yuan, with net profits of 53.75 million yuan, 88.23 million yuan, and 98.42 million yuan respectively [3]. - The IPO proceeds will be used for the construction of an intelligent manufacturing center for energy storage BMS and to supplement working capital [3]. Future Plans - The intelligent manufacturing center project aims to expand the production capacity of existing main products, addressing the growing demand from downstream customers [3]. - The project will enhance automation in production lines, reduce outsourcing, and strengthen the company's competitive advantage in the new energy storage BMS market [3].

Core Viewpoint - Gaote Electronics is positioned to become the "first stock of energy storage BMS" in A-shares with its upcoming IPO, focusing on energy storage battery management systems (BMS) and leading market share [1][2]. Fundraising and Investment - Gaote Electronics plans to raise 850 million RMB through the issuance of up to 12 million shares, with the net proceeds allocated to the construction of an intelligent manufacturing center for energy storage battery management systems and to supplement working capital [2]. - The total investment for the intelligent manufacturing center project is approximately 674.14 million RMB, with 600 million RMB sourced from the IPO funds [2]. Financial Performance - The company has shown a compound annual growth rate (CAGR) of 63.31% in revenue from 2022 to 2024, with main business revenues of 344.4 million RMB, 770 million RMB, and 919 million RMB for the respective years [3][5]. - The revenue from core technology products has increased significantly, accounting for 90.26% of total revenue in 2024, up from 77.73% in 2022 [5][7]. - Net profits for 2023 and 2024 are projected at 79.04 million RMB and 87.04 million RMB, respectively, meeting the listing standards for profitability [7]. Market Position and Competition - Gaote Electronics ranks as the top new energy storage BMS company in China as of 2023, with a significant market share in the third-party BMS sector [11][12]. - The company has established strategic partnerships for R&D, notably with Xi'an Aerospace Minxin, to develop proprietary AFE information collection chips, enhancing its competitive edge in the BMS market [12]. Customer Base - The customer portfolio includes major players such as CATL, Ganfeng Lithium, and State Grid, with no single customer accounting for over 50% of total revenue, indicating a diversified client base [13][15]. Growth Strategy - Gaote Electronics is transitioning towards a comprehensive data service provider in the energy storage sector, leveraging its BMS technology to offer integrated data services for energy management [16][18]. - The company aims to enhance its data service capabilities, which are expected to become a significant growth driver in the future [19].