Shangshui Intelligent Entrepreneurship Board IPO has been accepted. The company's environmentally friendly and efficient pulping system has the highest market share in the country.

On June 19, Shenzhen Shangshui Intelligent Co., Ltd. (referred to as Shangshui Intelligent) IPO on the Shenzhen Stock Exchange's Growth Enterprise Market has been accepted. Minsheng Securities is its sponsoring institution, with plans to raise 587.39 million yuan. The prospectus shows that Shangshui Intelligent has been deeply involved in the intelligent equipment industry for over a decade, building a comprehensive technological capability system based on "core unit + intelligent control system + process package." Its main business revolves around core processes such as micro-nano powder processing, precise liquid powder metering, liquid powder mixing and dispersion, and functional film preparation, with products widely applicable in industries such as new energy batteries, new materials, chemicals, food, pharmaceuticals, and semiconductors. Currently, the company mainly focuses on the field of electrode plate manufacturing for new energy batteries and new material preparation, specializing in the research, design, production, and sales of intelligent equipment with integrated process capabilities. In the field of new energy battery electrode plate manufacturing, Shangshui Intelligent's independently developed circulating efficient pulping system was the first to achieve parallel mixing and high-speed dispersion of slurry, significantly improving slurry consistency, pulping efficiency, and energy efficiency, establishing a new process route for efficient, low-consumption, and high-capacity pulping. According to GGII statistics, by 2024, the company's circulating efficient pulping system will hold a 60% market share in the domestic market, ranking first, while its lithium battery pulping system will hold a 12.77% market share, ranking third in the market. In the field of new energy battery electrode plate manufacturing, the company has established cooperative relationships with new energy battery and electric vehicle companies such as BYD Company Limited, Eve Energy Co., Ltd., Contemporary Amperex Technology, CALB, Ningde Xinyuan Energy, REPT BATTERO, Chu Energy New Energy, Sunwoda Electronic, Yuanjing Power, Guangzhou Great Power Energy and Technology, Xingheng Power, Tianjin Lishen, and GAC Aion, and has business cooperation with overseas new energy battery manufacturers such as Samsung SDI, LGES, Panasonic, and SK On. In the field of new material preparation, Shangshui Intelligent has developed a system for mixing, dispersion, grinding, coating, drying, and film preparation of micro-nano materials, forming an intelligent equipment system represented by optical film precision coating machines, dual-drive coating machines, and dry medium stirring mills, and possessing complete powder engineering delivery capabilities. The company has established a new material preparation platform with both universality and scalability, and its products have been applied in various fields such as new energy battery positive and negative electrode materials, functional films, semiconductor packaging materials, and functional ceramic materials, gradually forming an application pattern towards multiple industries and scenarios based on process equipment platforms, with its products covering customers such as BTR, Yunnan Energy New Material, Wanhua Chemical Group, Boyixincheng, Jiangsu HHCK Advanced Materials, and Chaozhou Three-Circle (Group). The funds raised this time will be used for investment projects after deducting issuance expenses. The company plans to invest the raised funds in the following projects: Financially, in the years 2022, 2023, and 2024, Shangshui Intelligent is expected to achieve operating revenues of approximately 400 million yuan, 601 million yuan, and 637 million yuan, respectively, with net profits of approximately 97.72 million yuan, 234 million yuan, and 153 million yuan, respectively, during the same period.