New Stock News | Jinsheng New Energy has appointed GF SEC Hong Kong, BOC International, and FOSUN INTL Securities as the overall coordinators for its listing in Hong Kong.

On January 3, Guangdong Jinsheng New Energy Co., Ltd. (referred to as "Jinsheng New Energy") announced that it has further appointed GF SEC (Hong Kong) Brokerage Limited, BOC International Asia Limited, and FOSUN INTL Securities Limited as its overall coordinators. As of now, Jinsheng New Energy has appointed CICC, CCB International, GF SEC Hong Kong, BOC International, and FOSUN INTL Securities as its overall coordinators. According to the disclosure by the Hong Kong Stock Exchange on December 20, 2024, Jinsheng New Energy has submitted its listing application to the Hong Kong Stock Exchange main board. The prospectus shows that Jinsheng New Energy is one of the earliest enterprises in mainland China engaged in the recycling of lithium batteries, creating an integrated and closed-loop ecosystem for the recycling of lithium batteries, including full-element recovery, full-component recovery and utilization, and a comprehensive layout system. The recycling business covers mainstream battery systems such as ternary lithium batteries and lithium iron phosphate batteries. As a global leader in lithium battery recycling and recycling enterprises, according to a report by Frost & Sullivan, based on the sales revenue from recycling in 2023, Jinsheng New Energy is the second largest lithium battery recycling and recycling enterprise in the world, as well as the largest third-party lithium battery recycling and recycling enterprise in the world. However, from a financial perspective, Jinsheng New Energy's performance has been quite volatile. In 2021, 2022, 2023, and the first half of 2024, the company's operating income was approximately RMB 1.133 billion, RMB 2.905 billion, RMB 2.892 billion, and RMB 995 million, with corresponding net profits of RMB 69.393 million, RMB 151 million, RMB -473 million, and RMB -147 million respectively.