Core Viewpoint - Wuxi Lichi Intelligent Equipment Co., Ltd. has received approval for its IPO on the ChiNext board, focusing on automated material handling solutions in the lithium battery industry, with a significant market share increase projected for 2024 [2][3]. Company Overview - Lichi Intelligent was established in April 2018 and specializes in automated material handling systems, including material batching, emulsification, and mixing [2]. - The company holds a leading market share in China's lithium battery slurry feeding system, increasing from 27% in 2023 to 43% in 2024 [2]. IPO Details - The total amount of funds to be raised in the IPO is 1.008 billion yuan, allocated as follows: 609 million yuan for an intelligent manufacturing base for automated material handling equipment, 199.35 million yuan for a research and development center, and 200 million yuan for working capital [3]. Financial Performance - Lichi Intelligent's total assets are projected to reach 4.804 billion yuan by the end of 2024, with a net profit of approximately 299.95 million yuan for the same period [4]. - The company's revenue has shown significant growth from 619 million yuan in 2022 to an estimated 2.173 billion yuan in 2024, with net profits increasing from 107 million yuan to 270 million yuan during the same period [4]. Shareholding Structure - As of the date of the prospectus, Ningbo Zhilian holds 47.27% of the company's shares, while Lu Haodong holds 38.00%. Lu Haodong effectively controls 85.27% of the company through his stake in Ningbo Zhilian [6]. Leadership Profile - Lu Haodong, born in January 1974, has extensive experience in the industry, having held various positions in sales and management since 1994. He has been the chairman and general manager of Lichi Intelligent since its inception [7]. Compensation - In 2024, Lu Haodong's compensation is reported to be 2.4993 million yuan [8].