Group 1 - The core point of the article is that Nabichuan New Energy Co., Ltd. has successfully registered its IPO on the ChiNext board, focusing on thermal management products for new energy vehicles and fuel vehicles [1] - Nabichuan specializes in the research, production, and sales of products such as battery liquid cooling plates, battery integrated boxes, fuel vehicle engine radiators, and heaters [1] - The company aims to raise approximately 729 million yuan through this IPO, which will be used for the production project of 3.6 million sets of water cooling plates and to supplement working capital [1] Group 2 - The IPO process for Nabichuan began with acceptance on September 27, 2023, followed by an inquiry phase on October 23, 2023, and was approved on August 28, 2025, with registration submitted on September 2, 2025 [1]

纳百川距离上市更近一步。 天眼查App信息显示，纳百川成立于2007年10月。目前，该公司的注册资本为人民币8375.22万元，法定代表人为陈荣贤，主要股东包括陈荣贤、张传建、温 州纳百川商业管理有限公司等。 | | | 查公司 查老板 都在用的商业查询工具 | 查关系 查风险 | | | --- | --- | --- | --- | --- | | | | 纳百川新能源股份有限公司 国家中小企业发展子基金旗下机构 | | × 天眼- | | 基本信息 107 | | IPO申报 58 法律诉讼 1 | 经营风险 | 经营信息 | | 股东信息 2 ▲ 品股权结构 | | | | | | 最新公示14 | 工商登记14 | MIP MIP 历史股东信息2 股权变更历程11 2 | | 更新日期 2: | | 序号 | | 股东名称 | 股份类型 | 持股 | | 1 | 陈 | 陈荣贤 捻 15 受益所有人 实际控制人 大股东 | 流通A股 | רח | | 2 | 张传建 怒8 引K 大股东 | | 流通A股 | 1 | | + 3 | 纳百 大股东 | 温州纳百川商业管理有限公司 器 | 流通A股 | ...

Group 1 - The company focuses on the research, production, and sales of thermal management products for new energy vehicle power batteries, fuel vehicle power systems, and energy storage batteries [2] - Main products include battery liquid cooling plates, battery integrated boxes, fuel vehicle engine radiators, and heating warm air systems [2] - Since 2012, the company has collaborated with CATL and is a strategic supplier, providing products for major automotive brands such as Tesla, NIO, Xpeng, Li Auto, Nezha, Leap Motor, Geely, Changan, GAC Group, Great Wall, SAIC Roewe, Dongfeng Nissan, Mercedes-Benz, and Volkswagen [2] Group 2 - In the field of thermal management products for fuel vehicles, the company's radiator products supply leading automotive thermal management component companies such as Valeo, Mahle, and NISSENS, as well as large aftermarket suppliers like NRF, AAP, and US Motor Works, establishing a stable sales system [2] - In the energy storage thermal management system sector, the company has become a supplier for top domestic new energy power equipment manufacturers such as CATL, Zhongchuang Innovation, and Sungrow [2]

Core Viewpoint - Nanbaichuan New Energy Co., Ltd. is set to become the first A-share listed company in Wenzhou Taishun, with an IPO fundraising target of 729 million yuan, primarily for a production project and working capital [1][2]. Company Overview - Nanbaichuan is a leading player in the battery thermal management sector, with major clients including CATL, NIO, and XPeng Motors, and is projected to achieve over 1.4 billion yuan in revenue in 2024, with CATL contributing nearly 50% of its income [1][2]. - The company has been involved in the research and development of battery thermal management systems since 2011 and has established strategic partnerships with major automotive manufacturers [2][3]. Financial Performance - The company's revenue for the years 2022 to 2025 is reported as approximately 1.031 billion yuan, 1.136 billion yuan, 1.437 billion yuan, and 337 million yuan, respectively, with net profits showing a declining trend [4]. - Revenue from battery liquid cooling plates has consistently increased, with a compound annual growth rate of 21.09% from 2022 to 2024 [4]. - For the first half of 2025, revenue is expected to reach approximately 743 million yuan, reflecting a year-on-year growth of 45.88% [4]. Future Projections - The company forecasts a revenue of about 1.737 billion yuan for 2025, representing a growth of 20.86%, and a net profit of approximately 105 million yuan, indicating a growth of 9.72% [5]. - The global market for battery liquid cooling plates is anticipated to reach 14.5 billion yuan by 2025, suggesting a growing demand for thermal management systems in the electric vehicle sector [6].

Core Viewpoint - The company Nabaichuan New Energy Co., Ltd. is set to become the first A-share listed company in Taishun County, Wenzhou, with its IPO on the Shenzhen Stock Exchange's Growth Enterprise Market, aiming to raise 729 million yuan for production projects [1][4]. Company Overview - Nabaichuan was founded in October 2007 by Chen Rongxian and has evolved from a traditional auto parts manufacturer to a key player in the new energy vehicle sector, focusing on thermal management systems for power batteries [1][4]. - The company is controlled by the Chen family, with Chen Rongxian holding 24.96% of shares, and family members collectively controlling over 75% of the company [2][3]. Financial Performance - Nabaichuan's revenue for the reporting period was approximately 1.031 billion yuan, 1.136 billion yuan, 1.437 billion yuan, and 337 million yuan, with net profits showing a downward trend [7][9]. - The company reported a compound annual growth rate of 21.09% in revenue from battery liquid cooling plates from 2022 to 2024, while revenue from fuel vehicle thermal management components has been declining [5][6]. Client Relationships - Nabaichuan has established strong partnerships with leading battery manufacturers and automotive companies, with CATL being its largest customer, contributing over 44% of its revenue in recent years [4][9]. Future Projections - For the first quarter of 2025, Nabaichuan expects to achieve a revenue of approximately 1.743 billion yuan, a year-on-year increase of 20.86%, and a net profit of about 105 million yuan, reflecting a growth of 9.72% [10].

Core Viewpoint - Nabaichuan New Energy Co., Ltd. has submitted its IPO registration for the ChiNext board, focusing on thermal management products for electric vehicle batteries and fuel vehicles [1] Company Overview - Nabaichuan specializes in the research, production, and sales of thermal management products related to new energy vehicle power batteries, fuel vehicle power systems, and energy storage batteries [1] - Key products include battery liquid cooling plates, battery integrated boxes, fuel vehicle engine radiators, and heaters [1] IPO Details - The IPO was accepted in September 2023 and entered the inquiry phase in October 2023, with the approval meeting scheduled for August 28, 2025 [1] - The company aims to raise approximately 729 million yuan, which will be used for the production project of 3.6 million sets of water cooling plates and to supplement working capital [1]

Core Viewpoint - Nanbaichuan New Energy Co., Ltd. has submitted its IPO application to the Shenzhen Stock Exchange's Growth Enterprise Market, aiming to raise 729 million yuan for its operations in the new energy vehicle sector [1] Group 1: Company Overview - Nanbaichuan focuses on the research, production, and sales of thermal management products for new energy vehicle power batteries, fuel vehicle power systems, and energy storage batteries [1] - The main products include battery liquid cooling plates, battery integrated boxes, fuel vehicle engine radiators, and heater warm air systems [1] - The company primarily supplies battery liquid cooling plates to domestic markets and has established long-term stable partnerships with major domestic power battery manufacturers and vehicle manufacturers such as NIO, Xpeng, and Li Auto [1] Group 2: Financial Performance - In the fiscal years 2022, 2023, 2024, and the first quarter of 2025, Nanbaichuan reported revenues of approximately 1.031 billion yuan, 1.136 billion yuan, 1.437 billion yuan, and 337 million yuan respectively [2] - The net profits for the same periods were approximately 113 million yuan, 98.25 million yuan, 95.43 million yuan, and 14.89 million yuan respectively [2] Group 3: Asset and Equity Information - As of March 31, 2025, the total assets amounted to approximately 1.981 billion yuan, with equity attributable to shareholders of the parent company at approximately 643 million yuan [3] - The asset-liability ratio for the parent company was 51.91% as of March 31, 2025, showing a slight improvement from 56.26% in 2022 [3] - The company’s basic earnings per share were 0.18 yuan for the first quarter of 2025, down from 1.35 yuan in 2022 [3]

关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源： 纳百川 招股说明书 202 5 年 8 月 28 日 ， 深 交所 官网 显示， 纳百川新能源股份有限公司（简称：纳百川）创业板 IPO 上会审议获通过 。 在储能热管理系统方面， 纳百川 已成为宁德时代、中创新航、阳光电源等国内排名前列的新能源电源设 备厂商的供应商。 据了解， 纳百川专注从事新能源汽车动力电池热管理、燃油汽车动力系统热管理及储能电池热管理相关产 品的研发、生产和销售，主要产品包括电池液冷板、电池集成箱体、燃油汽车发动机散热器、加热器暖风 等。 本次拟募集资金7.29亿元 ， 本次募集资金扣除发行费用后拟用于 纳百川 主营业务相关项目，及主营业 务发展所需的营运资金，具体投资项目如下： | 序号 | 项目名称 | 实施主体 | 投资总额 | 拟投入募集 资金 | 项目备案文 号/项目代码 | 项目环评批复 | | --- | --- | --- | --- | --- | --- | --- | | | 纳百川(滁州)新能 源科技有限公司年产 360万台套水冷板生 | 纳百川 (滁州) | ...

Core Viewpoint - Nanbaichuan New Energy Co., Ltd. has successfully passed the IPO review on the ChiNext board, focusing on thermal management products for new energy vehicles and fuel vehicles [1] Company Overview - Nanbaichuan specializes in the research, production, and sales of thermal management products for new energy vehicle power batteries, fuel vehicle power systems, and energy storage batteries [1] - Key products include battery liquid cooling plates, battery integrated boxes, fuel vehicle engine radiators, and heaters [1] IPO Details - The company aims to raise approximately 729 million yuan, which will be used for the annual production project of 3.6 million sets of water cooling plates and to supplement working capital [1] - The IPO was accepted on September 27, 2023, and entered the inquiry stage on October 23, 2023 [1] Financial Projections - The listing committee requested Nanbaichuan to explain the prudence and reasonableness of its forecasted 14.05% year-on-year growth in net profit attributable to shareholders after deducting non-recurring gains and losses for 2025 [1]

Core Viewpoint - Nanbaichuan New Energy Co., Ltd. has been approved for IPO on the Shenzhen Stock Exchange, marking it as the 44th company to pass the review this year, indicating a positive trend in the IPO market [1] Company Overview - Nanbaichuan focuses on the research, production, and sales of thermal management products for new energy vehicle power batteries, fuel vehicle power systems, and energy storage batteries [1] - The main products include battery liquid cooling plates, battery integrated boxes, fuel vehicle engine radiators, and heaters [1] Shareholding Structure - Chen Rongxian is the controlling shareholder, holding 24.96% of the total shares directly, while his family members hold an additional 18.49% indirectly, resulting in a total control of 55.58% [2][3] - The family has signed a concerted action agreement to ensure unified decision-making [3] IPO Details - Nanbaichuan plans to publicly issue up to 27.9174 million shares, with the public offering accounting for no less than 25% of the total shares post-issue [3] - The company aims to raise 72.9 million yuan, allocated for a production project and working capital [2][4] Investment Projects - The total investment for the production project of 3.6 million sets of water cooling plates is approximately 57.94 million yuan, with the entire fundraising amount dedicated to this project and working capital [4] Financial Projections - The company forecasts a cautious and reasonable growth of 14.05% in net profit attributable to shareholders after deducting non-recurring gains and losses for 2025 [5]