Core Viewpoint - The Shenzhen Stock Exchange will review the initial public offering (IPO) of Good Electric Materials (Suzhou) Co., Ltd. on December 19, 2025, aiming to raise approximately 1.175 billion yuan for various projects [1] Company Overview - Good Electric Materials focuses on the research, production, and sales of thermal runaway protection components for new energy vehicle power batteries and high-performance insulation products for electrical engineering [1] - The company provides customized thermal runaway protection solutions and high-performance insulation solutions for its clients [1] Fundraising Details - The company plans to raise 1,175.7115 million yuan, which will be allocated to: - Production of 7.25 million sets of new energy vehicle thermal runaway protection components and R&D projects - Construction of a production base for thermal runaway protection materials for lithium-ion batteries - Supplementing working capital [1] Shareholding Structure - The controlling shareholder and actual controller of the company is Zhu Guolai, who directly holds 46.76% of the shares, making him the largest shareholder [1] - Zhu Guolai also controls 9.12% and 3.55% of the voting rights through Suzhou Guohao and Suzhou Guofeng, respectively [1] - Zhu Ying, an acting person in concert with Zhu Guolai, directly holds 1.12% of the shares [1] - Collectively, the controlling shareholders and their concerted actions can control 60.55% of the voting rights [1]

Company Overview - Gude Electric Materials System (Suzhou) Co., Ltd. plans to list on the Shenzhen Stock Exchange's ChiNext board, raising a total of 1.176 billion yuan [1] - The company specializes in advanced functional materials technology, focusing on the research, design, production, and sales of insulation composite materials and components for the low-carbon energy industry, including new energy vehicles and clean energy generation [1] - Gude Electric Materials is located in the Suzhou Fenhu Economic Development Zone, strategically positioned in the Yangtze River Delta economic circle [1] Fundraising Details - The total amount to be raised is 1.176 billion yuan, with funds allocated as follows: - 618.755 million yuan for the annual production of 7.25 million sets of new energy vehicle thermal runaway protection components and R&D projects - 256.9565 million yuan for the construction of a production base for thermal runaway protection materials for Luhua Meika power batteries - 300 million yuan for working capital [1] Financial Performance - As of 2024, the company reported total assets of 1.083 billion yuan and net assets of 653 million yuan - The net profits over the past three years are as follows: - 166 million yuan in 2024 - 98.0275 million yuan in 2023 - 64.2341 million yuan in 2022 - The company has shown a consistent increase in net profit and total assets, indicating strong financial growth [2] Industry Context - In the past year, 13 companies in the automotive manufacturing industry applied for listing, with 6 successfully listed (3 on the main board and 3 on ChiNext), and 1 application terminated [3] - The ChiNext board received 46 applications in the past year, with 11 successful listings and 2 terminations [3] - Gude Electric Materials' application has been accepted by the exchange, attracting interest from potential investors [3]