Company Overview - The company is a global leader in lithium battery electrolyte supply, focusing on the research, production, and sales of lithium battery electrolytes and advanced battery materials [5] - It has become a rapidly growing electrolyte technology enterprise in China, ranking third among global electrolyte suppliers by shipment volume as of September 30, 2025 [5] - The company has established strategic partnerships with leading global new energy technology companies and maintains close cooperation with downstream customers through early-stage product development and capacity expansion [5] Technological Innovation - The company actively pursues technological innovation in advanced battery materials such as solid-state electrolytes (SSE) and sodium-ion electrolytes, independently developing several technologies [6] - It has achieved an ionic conductivity of 12 mS/cm for its self-developed sulfide SSE, nearing that of liquid electrolytes, and has developed flame-retardant gel electrolytes that enhance battery safety [6] Production Capacity - The company has established strategically located production bases in Zhejiang, Sichuan, and Shandong, with a total electrolyte production capacity of 180,000 tons per year as of January 18, 2026 [8] - Plans are in place to build or expand production bases in Yichang, Jining, Huzhou, Yibin, and Szolnok, Hungary, aiming to exceed a total production capacity of 500,000 tons [8] Financial Performance - Revenue for the nine months ending September 30 was approximately RMB 1.577 billion in 2023, RMB 1.021 billion in 2024, and RMB 1.033 billion in 2025 [10] - The company reported a profit of RMB 86.168 million in 2023, a loss of RMB 27.609 million in 2024, and a loss of RMB 0.136 million in 2025 [11] - Gross margins were 11% in 2023, 4.4% in 2024, and 5.7% in 2025 [12] Industry Overview - The global lithium battery industry is experiencing rapid growth, with shipments expected to rise from 323.2 GWh in 2020 to 1,549.6 GWh in 2024, reflecting a compound annual growth rate (CAGR) of 48% [14] - China remains the largest market, with shipments projected to grow from 142.5 GWh in 2020 to 1,173.0 GWh in 2024, maintaining a CAGR of 69.4% [14] - The electrolyte market is closely tied to the lithium battery industry, with global electrolyte shipments expected to increase from approximately 342,000 tons in 2020 to about 1,509,000 tons in 2024, representing a CAGR of 44.9% [18]

智通财经APP获悉，据港交所1月28日披露，昆仑新能源材料技术(宜昌)股份有限公司(简称：昆仑新能 源材料)向港交所主板递交上市申请书，中信建投国际、平安证券(香港)为其联席保荐人。该公司已成为 中国一家快速增长的电解液技术企业，市场份额近年来稳步增长。根据弗若斯特沙利文的资料，按出货 量计，该公司于截至2025年9月30日止九个月在全球电解液供应商中排名第三。此外，该公司在固态电 解质(SSE)、凝胶电解质、固液混合电解质及钠离子电解液等先进电池材料领域进行了战略布局。 据招股书，该公司是一家全球领先的锂电池电解液供应商，专注于锂电池电解液及先进电池材料的研 发、生产和销售。该公司以技术优势为依托，以战略布局的产能为支撑，为全球新能源行业提供稳定、 安全、高效及先进的产品。 ...