Core Viewpoint - Xi'an Taijin New Energy Technology Co., Ltd. (Taijin New Energy) has received approval for its IPO on the Shanghai Stock Exchange's Sci-Tech Innovation Board, aiming to raise 990 million yuan [1] Company Overview - Taijin New Energy specializes in the research, design, production, and sales of high-end green electrolysis equipment, titanium electrodes, and metal glass sealing products [1] - The company is a leading provider of high-performance electronic circuit copper foil and ultra-thin lithium battery copper foil production line solutions globally [1] - It is a major R&D and production base for precious metal titanium electrode composite materials and electronic sealing glass materials in China [1] Product and Market Position - Taijin New Energy offers essential equipment and complete production line solutions for high-end copper foil production, including cathode rollers, foil production integrated machines, titanium anodes, surface treatment machines, and efficient copper dissolution tanks [1] - The company also provides high-performance titanium electrodes for industries such as green environmental protection, aluminum foil formation, hydrometallurgy, and hydrogen production [1] - Its glass sealing products are used in aerospace and military electronics, with high market recognition [1] Financial Performance - The company achieved revenues of approximately 1.005 billion yuan, 1.669 billion yuan, 2.194 billion yuan, and 1.164 billion yuan for the years 2022, 2023, 2024, and the first half of 2025, respectively [3] - Net profits for the same periods were approximately 98.2936 million yuan, 155 million yuan, 195 million yuan, and 104 million yuan [3] - As of June 30, 2025, total assets were approximately 3.282 billion yuan, with equity attributable to shareholders at approximately 673.771 million yuan [4] Investment Plans - The company plans to publicly issue no more than 40 million shares, with the raised funds allocated to projects including high-end intelligent complete equipment for green electrolysis, high-performance composite coating titanium electrode materials, and the establishment of a corporate R&D center [2][3]

Core Viewpoint - The IPO of Taijin New Energy has been approved, marking a significant step for the company as a leading provider of high-performance electronic circuit copper foil solutions in the market [1] Group 1: Company Overview - Taijin New Energy specializes in the research, design, production, and sales of high-end green electrolysis equipment, titanium electrodes, and metal glass sealing products [1] - The company is recognized as a leader in providing overall solutions for high-performance electronic circuit copper foil and ultra-thin lithium battery copper foil production lines [2] - Taijin New Energy's products are applied in various sectors including large computers, 5G high-frequency communications, consumer electronics, new energy vehicles, and aerospace [1][2] Group 2: Clientele and Market Position - The company's main domestic clients include major players such as BYD, Jiyuan Technology, and Jiangxi Copper, among others [2] - Taijin New Energy has achieved significant milestones, including the production of cathode rolls for ultra-thin copper foil, establishing itself as a domestic leader in this technology [2] - The company has successfully developed the world's largest diameter 3.6m cathode roll and integrated foil machine, leading to a market share that ranks first domestically for both cathode rolls and titanium anode products [2] Group 3: Product and Technology - In addition to cathode rolls, Taijin New Energy offers a complete set of copper foil production line solutions, including titanium anodes and surface treatment machines, with technology reaching international advanced levels [3] - The company has been recognized for its high-performance electrolysis copper foil equipment, with specific products like the titanium cathode roll and multi-layered titanium anode being internationally leading [3] Group 4: Financial Performance and IPO Plans - For the first three quarters of 2023 to 2025, Taijin New Energy reported revenues of 1.669 billion, 2.194 billion, and 1.713 billion yuan, with net profits of 155 million, 195 million, and 141 million yuan respectively [3] - The company plans to raise 990 million yuan through its IPO to invest in projects related to high-end intelligent electrolysis equipment, composite coating titanium electrode materials, and the establishment of a research and development center [3]

Core Viewpoint - Taijin New Energy Technology Co., Ltd. is set to launch an IPO on the Sci-Tech Innovation Board, with the review meeting scheduled for August 29, 2025, marking a significant step in its growth trajectory [1] Financial Performance - From 2022 to 2024, Taijin New Energy's revenue is projected to grow from 1.005 billion to 2.194 billion yuan, reflecting a compound annual growth rate (CAGR) of 47.78% [2] - The net profit attributable to the parent company is expected to increase from 98.2936 million to 195 million yuan, with a CAGR of 40.85%, indicating strong operational capabilities [2] Market Position - Taijin New Energy holds over 45% market share in the Chinese electrolytic copper foil cathode roller market, with a shipment volume of 365 units in 2024, positioning it among the top players in the industry [2] - The company has established a robust client base, including leading global companies like CATL and BYD, enhancing its resilience and market presence [4] Technological Strength - The company focuses on four core technological directions: "green electrolysis technology," "spinning forming technology," "surface coating technology," and "sealed connection technology," aimed at improving the environmental and operational efficiency of titanium anodes [2] - Taijin New Energy has received several national-level certifications, including National Enterprise Technology Center and National Manufacturing Single Champion Enterprise, underscoring its innovation and market position [3] Strategic Goals - The IPO aims to raise 990 million yuan, primarily for projects related to high-end intelligent equipment for green electrolysis and high-performance composite coated titanium electrode materials, aligning with national strategic directions [5] - The company is committed to addressing the challenges posed by industry cycles and competition through a dual approach of technology and capital [5] Investment Appeal - Taijin New Energy's financial metrics, particularly its contract liabilities, indicate a strong business model where clients prepay for orders, providing the company with non-interest-bearing operational funds [6] - Despite facing cash flow fluctuations due to industry adjustments, the company is well-prepared to leverage its IPO proceeds for capital replenishment and core technology development [7]

Core Viewpoint - Xi'an Taijin New Energy Technology Co., Ltd. (Taijin New Energy) is set to hold its IPO meeting on August 29, aiming to enhance its technological innovation and industry competitiveness through the raised funds [1] Company Overview - Taijin New Energy, a subsidiary of the Northwest Nonferrous Metal Research Institute, specializes in high-end green electrolysis equipment, titanium electrodes, and metal glass sealing products [1][3] - The company is a leading provider of high-performance electronic circuit copper foil and ultra-thin lithium battery copper foil production line solutions, with applications in large computers, 5G communication, consumer electronics, new energy vehicles, and aerospace [1][3] Market Growth and Demand - The demand for high-end electronic circuit copper foil is driven by the rapid growth of industries such as AI, high-speed communication, cloud computing, and new energy vehicles [2] - The market size for China's electrolytic copper foil equipment is projected to reach 20 billion yuan in 2023, a 33.33% increase from 2022, with expectations to grow to 29 billion yuan by 2028 [2] Competitive Position - Taijin New Energy has achieved significant market share in the domestic market, with over 45% market share in cathode rollers and leading positions in other related products [3] - The company has successfully replaced imports of key production equipment, including cathode rollers, and has developed advanced manufacturing capabilities [3] Financial Performance - The company has shown steady revenue growth, with projected revenues of 1.005 billion yuan, 1.669 billion yuan, and 2.194 billion yuan for 2022, 2023, and 2024 respectively, reflecting a compound annual growth rate of 47.78% [3] - Net profits for the same period are expected to be approximately 98.29 million yuan, 155 million yuan, and 195 million yuan [3] Investment Plans - The funds raised from the IPO will be invested in projects related to high-end intelligent equipment for green electrolysis, high-performance composite titanium electrode materials, and the establishment of a corporate R&D center [4] R&D Focus - Taijin New Energy emphasizes technological innovation as a core driver for sustainable development, with R&D expenses projected to reach 37.55 million yuan, 48.54 million yuan, and 71.84 million yuan from 2022 to 2024 [6] - The company has accumulated 29 key core technologies and holds 88 authorized invention patents, including 2 U.S. patents [6] Future Development - The company aims to address national strategic needs and industry bottlenecks through continuous technological innovation, aspiring to become a global leader in green and intelligent electrolysis solutions [7]

Core Viewpoint - The article highlights the significance of Xi'an Taijin New Energy Technology Co., Ltd. (Taijin New Energy) as the first IPO company accepted by the Shanghai Stock Exchange's Sci-Tech Innovation Board after the release of the new "National Nine Articles," emphasizing its role in advancing high-end manufacturing and addressing key technological challenges in China's copper foil production [1][14]. Group 1: Company Overview - Taijin New Energy, established in 2000, focuses on the upstream equipment of the electrolytic copper foil industry, providing complete sets of high-end electrolytic copper foil equipment and anode materials [2]. - The company's core business, electrolytic copper foil equipment, contributed 66.54% to its main business revenue in 2024, with key products including cathode rollers and foil production machines [2]. Group 2: Technological Advancements - Taijin New Energy has successfully broken the overseas monopoly in the cathode roller sector, which was previously dominated by companies like Nippon Steel and Mitsui, marking a significant milestone for domestic copper foil production [2]. - The company has achieved notable technological breakthroughs, including the development of a Φ3600mm ultra-large diameter cathode roller, the first of its kind globally, showcasing its capabilities in large-scale equipment [4]. Group 3: Market Position and Growth - In 2024, Taijin New Energy held over 45% market share in China's electrolytic copper foil cathode roller market, with sales of 365 units, solidifying its position as a domestic leader [3]. - The company's revenue surged from 1.005 billion yuan to 2.194 billion yuan from 2022 to 2024, with a compound annual growth rate (CAGR) of 47.78%, while net profit increased from 98.29 million yuan to 195.39 million yuan, reflecting a CAGR of 40.99% [9]. Group 4: Industry Opportunities - The electrolytic copper foil market is experiencing a demand explosion, driven by the growth of new energy vehicles, 5G communications, and AI servers, with global lithium battery copper foil shipments expected to reach 840,000 tons in 2024, a 21.74% increase year-on-year [7]. - The high-end PCB copper foil market, currently dominated by foreign companies, presents a significant opportunity for domestic brands, as the market is projected to grow at a CAGR of 10% [8]. Group 5: Future Development and Strategic Projects - Taijin New Energy plans to raise 990 million yuan for projects focused on high-end intelligent equipment for green electrolysis, high-performance composite coating titanium electrode materials, and the establishment of a research and development center [11]. - The company aims to align its projects with national strategies, including carbon neutrality and domestic substitution, enhancing its role in the green transition and supporting the development of a self-sufficient industrial chain [13][14].