Tianjin Xinneng Technology's IPO on the Science and Technology Innovation Board has been approved. The domestic market share of its cathode rollers and copper foil titanium anode products ranks first.

On October 31, Xi'an Taijin New Energy Technology Co., Ltd. (referred to as Taijin New Energy) passed the listing committee meeting of the Shanghai Stock Exchange Sci-Tech Innovation Board for its IPO. The sponsor institution is China Securities Co., Ltd., with plans to raise 990 million yuan. The prospectus shows that Taijin New Energy is mainly engaged in the research, design, production, and sales of high-end green electrolytic complete equipment, titanium electrodes, and metal glass sealing products. It is a leading enterprise in providing overall solutions for high-performance electronic circuit copper foil and ultra-thin lithium battery copper foil production lines internationally, and is the main research and production base for domestic precious metal titanium electrode composite materials and electronic sealing glass materials. Taijin New Energy can provide core equipment such as cathode rolls used in high-end copper foil production, integrated foil machine, copper foil titanium anode, surface treatment machine, high-efficiency copper dissolving tank, key materials, and complete sets of copper foil production line solutions, as well as high-performance titanium electrodes for industries such as green environmental protection, aluminum foil production, wet metallurgy, and hydrogen production by electrolysis. It also provides glass sealing products for industries such as aerospace, military electronics, with high market recognition. The company's products are used in various fields such as large computers, 5G high-frequency communications, consumer electronics, new energy vehicles, green environmental protection, aluminum foil production, wet metallurgy, hydrogen energy, aerospace, and military industries. Taijin New Energy has achieved the manufacturing of cathode rolls for 4-6m ultra-thin copper foil production, replacing imports. In 2022, the company was the first to successfully develop the world's largest diameter 3.6m cathode rolls and integrated foil machine. By 2024, the market share of the company's cathode rolls and copper foil titanium anodes ranks first domestically, and its product performance leads the industry. The company plans to publicly issue no more than 40 million RMB ordinary shares (excluding the portion for over-allotment) and intends to invest in the following projects after deducting issuing expenses: Financially, in the fiscal years 2022, 2023, 2024, and January to June 2025, Taijin New Energy achieved operating incomes of approximately 1.005 billion yuan, 1.669 billion yuan, 2.194 billion yuan, and 1.164 billion yuan respectively; during the same period, the company achieved net profits of approximately 98.293 million yuan, 155 million yuan, 195 million yuan, and 104 million yuan respectively.