A-share subscription | Zerun New Energy (301636.SZ) opens for subscription, focusing on the photovoltaic module junction box market.

On April 28th, Zerunxineng (301636.SZ) started issuing shares, with an issue price of 33.06 yuan per share, a maximum subscription of 0.45 million shares, a price-earnings ratio of 17.57 times, and it belongs to the ChiNext Board of the Shenzhen Stock Exchange. Shenwan Hongyuan Group Securities is the sponsor. According to the prospectus, Zerunxineng is a high-tech enterprise specializing in new energy electrical connection, protection, and intelligent technology and providing integrated solutions for photovoltaic component junction box products. It is a national-level specialized and new "little giant" enterprise. Since its establishment, the company has always followed the development path of global CECEP Solar Energy photovoltaic components. Through continuous technological innovation and product development, the company is committed to providing downstream industries and customers with safe, reliable, efficient, and intelligent photovoltaic component junction box products. The company's core product is the photovoltaic component junction box, which is an essential component for photovoltaic components and photovoltaic power systems. In terms of industry, the photovoltaic component junction box is a necessary component for connection and protection in photovoltaic power generation systems. With the vigorous development of the photovoltaic industry, the photovoltaic component junction box industry is experiencing development opportunities and an increasing domestic production rate. In addition to meeting the installation needs of domestic photovoltaic power stations, photovoltaic component junction box products are also widely exported to Europe, the Americas, and other emerging markets, with export volumes steadily increasing. Zerunxineng's downstream customers are mainly well-known domestic and foreign photovoltaic component manufacturers, including customers A, Maxeon, customers B, customers C, Sonnenkraft, TCL Zhonghuan, CSI Solar Co., Ltd., GCL System Integration Technology, EGing Photovoltaic Technology, Zhengxin Optical, Runyang shares, Ceraflows, Daheng Energy, HAITAI, Zhongqing Photovoltaic, etc. The funds raised this time, after deducting issuance expenses, are planned to be used for projects related to the company's main business: Financially, in the fiscal years 2021, 2022, 2023, and 2024 (January to June), the company's operating income is expected to be approximately 297 million yuan, 522 million yuan, 844 million yuan, and 420 million yuan respectively; the company's net profit is expected to be approximately 37.7839 million yuan, 86.3991 million yuan, 120 million yuan, and 75.3374 million yuan.