文 | 挖贝网 王思宇 6月23日，杭州高特电子设备股份有限公司（简称：高特电子）创业板IPO获受理，并于近日进入问询阶段，保荐机构为中信证券。 | 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 | 2024年营收9.19亿元 两年增长1.66倍 高特电子成立于1998年，自成立以来始终聚焦于电池监测和电池管理相关领域。公司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。 公司储能BMS相关产品广泛应用于电源侧/电网侧大型高压储能电站，以及工商业储能、户用储能等领域，同时公司产品也涵盖应用于数据中心、通信基 站、轨道交通等领域的后备电源BMS，应用于新能源汽车、电动船舶等领域的动力电池BMS，以及电力检测等相关业务。 2022 ...

Core Viewpoint - The company, Hangzhou Gaote Electronics Co., Ltd., has officially received approval for its IPO application on the ChiNext board, aiming to become a leading global supplier of new energy storage system safety and value enhancement solutions [1] Group 1: Company Overview - Gaote Electronics is recognized as a national high-tech enterprise and a "specialized, refined, and innovative" small giant enterprise, focusing on providing new energy storage battery management systems (BMS) [1] - The company has consistently led the market in product shipment volume within the large-scale storage BMS sector, achieving top recognition in the industry [2] Group 2: Financial Performance - From 2022 to 2024, the company's main business revenue has shown significant growth, with figures of 344 million yuan, 778 million yuan, and 919 million yuan respectively, resulting in a compound annual growth rate of 63.31% [3] - R&D expenses from 2022 to 2024 were 23.8862 million yuan, 38.6389 million yuan, and 63.7784 million yuan, accounting for 6.91%, 4.96%, and 6.94% of revenue respectively [2] Group 3: Industry Trends - The demand for storage BMS is increasing, driven by the need for new energy systems and the strategic focus on energy transition globally [4] - The industry is expected to undergo consolidation, with leading companies possessing comprehensive technical capabilities and brand influence likely to dominate the market [4] Group 4: Future Plans - The company plans to use the funds raised from the IPO primarily for the construction of an intelligent manufacturing center for storage battery management systems and to supplement working capital [5] - Gaote Electronics aims to enhance its technological innovation capabilities and smart manufacturing levels to support the construction of a new power system and the achievement of carbon neutrality goals [5]

Core Viewpoint - Hangzhou Gaote Electronics Co., Ltd. has received approval for its IPO on the ChiNext board, aiming to raise 850 million yuan for the development of energy storage battery management systems and to supplement working capital [2][3]. Company Overview - Established in February 1998, Gaote Electronics specializes in the research, production, and sales of new energy storage battery management systems, which are widely used in large-scale high-voltage energy storage power stations, commercial and industrial storage, and household storage [2]. - The company also offers backup power BMS, power battery BMS, and related electrical testing services [2]. IPO Details - The IPO plans to raise a total of 850 million yuan, with 600 million yuan allocated for the construction of an intelligent manufacturing center for energy storage battery management systems and 250 million yuan for working capital [2][3]. Financial Performance - Projected revenues for Gaote Electronics from 2022 to 2024 are 346 million yuan, 779 million yuan, and 919 million yuan, respectively [3]. - Net profits for the same period are expected to be 53.75 million yuan, 88.23 million yuan, and 98.42 million yuan, respectively [3]. - The comprehensive gross profit margins are projected to be 28.53%, 26.56%, and 26.02% for the years 2022, 2023, and 2024 [3]. Financial Metrics - By the end of 2024, total assets are expected to reach 11.61 billion yuan, with equity attributable to shareholders at 7.99 billion yuan [4]. - The debt-to-asset ratio is projected to be 31.19% for consolidated statements and 25.99% for the parent company [4]. - The basic earnings per share are expected to be 0.27 yuan for 2024, up from 0.26 yuan in 2023 [4]. Management and Compensation - The actual controller of the company is Xu Jianhong, who holds 46.17% of the shares through Guiyuan Holdings and Wuer Investment [5]. - In 2024, the highest compensation among executives is expected to be 1.0095 million yuan for Vice General Manager Yang Hao, while Chairman and General Manager Xu Jianhong will receive 488,500 yuan [7].

专注新型储能电池管理系统产品的高特电子闯关IPO。 本次IPO，高特电子拟募资8.5亿元，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。 6月23日深交所公告，杭州高特电子设备股份有限公司(简称"高特电子")创业板IPO获受理，公司拟募资8.5亿元。 招股书显示，高特电子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 据了解，BMS是新型储能系统的"神经中枢"，用于对电池系统多维度数据采集、诊断、安全管理和主动维护，确保新型储能电池系统安全、可靠、稳定、经 济运行。报告期内，高特电子储能BMS相关产品广泛应用于电源侧/电网侧大型高压储能电站，以及工商业储能、户用储能等领域，同时公司产品也涵盖应 用于数据中心、通信基站、轨道交通等领域的后备电源BMS，应用于新能源汽车、电动船舶等领域的动力电池BMS，以及电力检测等相关业务。 此外，高特电子紧跟国家电力市场化改革趋势，依托BMS在储能系统中数据采 ...

Market Overview - A-shares experienced fluctuations with the ChiNext Index rising nearly 2% at one point, closing with the Shanghai Composite Index up 0.38% at 3355.26 points, the Shenzhen Component Index up 1.03%, and the ChiNext Index up 1.74% [1] - The total trading volume for A-shares reached 827.1 billion yuan [1] Financial Policy - The People's Bank of China conducted a 7-day reverse repurchase operation of 158.6 billion yuan at a fixed rate of 1.40%, with the same amount being bid and accepted [1] - The Financial Regulatory Bureau's deputy director emphasized targeted financial services for private enterprises in key sectors, with 74 private equity investment funds established and technology enterprise merger loans launched in 18 pilot cities [1] Sector Performance - The military industry stocks continued to show strength, while the communication optical module sector was active [2] - The geothermal energy sector led the gains with an average increase of 2.89%, followed by copper cable high-speed connections at 2.46% and heat pump concepts at 2.40% [3] Heat Pump Industry - China is the largest producer of air-source heat pumps globally, but EU policies on localized production may limit long-term growth for heat pump manufacturers in China [4] - However, there is significant growth potential for heat pump component manufacturers due to their currently low market share [4] Company Highlights - **Hanbell Precise Machinery**: Focused on domestic substitution of semiconductor vacuum pumps, gaining recognition from domestic wafer fabs and equipment manufacturers, with broad growth potential [8] - **Ice Wheel Environment**: Demonstrated significant technological advantages with a new multi-stage centrifugal heat pump product that fills a domestic gap, achieving international leading standards [9] - **Iceberg Cold Chain**: Positioned at the forefront of the cold and heat industry, developing the world's first ship-based CO2 transcritical refrigeration system, with a projected order volume exceeding 100 million yuan in 2024 [9] - **Dunan Environment**: A leader in refrigeration components, improving profitability through structural upgrades in its main business and expanding into the high-growth new energy vehicle thermal management sector [9]