New Stock News | LEAD INTELLIGENT attempts to list on the Hong Kong Stock Exchange for the second time, dual-line layout in lithium batteries and photovoltaics

According to the Hong Kong Stock Exchange's disclosure on August 26, Wuxi Lead Intelligent Equipment Co., Ltd. (hereinafter referred to as: Lead Intelligent) (300450.SZ) has submitted an application to list on the main board of the Hong Kong Stock Exchange, with CITIC Securities and JP Morgan as its joint sponsors. This is the company's second application this year, having previously submitted a listing application to the Hong Kong Stock Exchange on February 25.

According to the prospectus, Lead Intelligent is a new energy intelligent equipment enterprise that provides intelligent equipment and solutions for numerous emerging industries. The manufacturing equipment and solutions delivered by the company are widely distributed across various application fields, including lithium batteries, photovoltaic cells, computer, communication and consumer electronics (3C) manufacturing, intelligent logistics, hydrogen production and fuel cell production, automotive manufacturing, and laser precision processing.

Lead Intelligent's intelligent equipment is equipped with industrial control software that can streamline various production processes, assisting customers in transforming into highly automated unmanned factories to further reduce labor costs, enhance production efficiency, and promote their green initiatives. For example, through the deep integration of data-driven algorithms, digital twin simulations, and dynamic scheduling optimization software, the company has developed unmanned intelligent logistics equipment that empowers customers with intelligent production solutions, promoting the establishment of "unmanned factories" and "smart factories."

Lead Intelligent has established deep cooperative relationships with top-quality customers across various fields, achieving an absolute leading market position in the new energy sector. According to Frost & Sullivan data, based on 2024 revenue, Lead Intelligent is the world's largest supplier of intelligent equipment for lithium batteries, holding a global market share of 15.5%.

In the lithium battery sector, the company's products and solutions comprehensively cover different application fields such as electric vehicles, energy storage, and consumer electronics, as well as various technical routes including lithium iron phosphate and ternary, and different forms of battery production needs such as square, cylindrical, soft pack, and blade batteries. The customer base includes leading global lithium battery companies such as CATL, Tesla, Volkswagen, BMW, Mercedes-Benz, Toyota, LG Energy, SK On, Samsung SDI, Panasonic, ATL, Zhongchuang Xinhang, Yiwei Lithium Energy, Guoxuan High-Tech, Farasis Energy, Ampace, Xinwangda, Hive Energy, BYD, and ACC.

In the photovoltaic sector, the company provides customers with integrated solutions and individual equipment for photovoltaic module and photovoltaic cell manufacturing. The specific equipment on the module side includes functions such as multi-busbar (MBB) string welding, zero-busbar (0BB) string welding, xBC string welding and scribing integration, stacking welding, busbar welding sets, and interdigitated back contact (IBC) stringing machines. The customer base includes leading companies in the photovoltaic field such as Tongwei Solar, LONGi Green Energy, JA Solar, Aiko Solar, Trina Solar, Jinko Solar, and Canadian Solar In terms of finance, for the fiscal years 2022, 2023, and the four months ending April 30, 2025, LEAD INTELLIGENT's revenue was approximately RMB 13.836 billion, RMB 16.483 billion, and RMB 3.599 billion, respectively; during the same period, the annual profit was approximately RMB 2.318 billion, RMB 1.771 billion, and RMB 400 million.