CSRC approves Shangshui Intelligent's application for IPO on the Shenzhen Stock Exchange's ChiNext board.

On January 15, the China Securities Regulatory Commission issued the "Approval for the Initial Public Offering of Shenzhen Shangshui Intelligent Technology Co., Ltd." It is reported that Shangshui Intelligent plans to list on the Shenzhen Stock Exchange's Growth Enterprise Market, with Guolian Minsheng Securities as its sponsor institution, intending to raise 587.39 million yuan. According to the prospectus, during the reporting period, Shangshui Intelligent mainly focuses on the manufacturing of new energy battery pole pieces and the preparation of new materials, providing research, design, production, and sales of intelligent equipment with integrated process capabilities. The company has established a complete business system covering research, design, production, and sales. In the field of manufacturing new energy battery pole pieces, the company's independently developed circulating high-efficiency pulping system has achieved parallel pulping of slurry mixing and high-speed dispersion, significantly improving slurry consistency, pulping efficiency, and energy efficiency, creating a new process route for high-efficiency, low-consumption, and high-capacity pulping. According to statistics from GGII, by 2024, the company's circulating high-efficiency pulping system will have a market share of 60% in the domestic market, ranking first, and the company's lithium battery pulping system will have a market share of 12.77% in the domestic market, ranking third. In the field of manufacturing new energy battery pole pieces, the company has established cooperative relationships with BYD Company Limited, Eve Energy Co., Ltd., Contemporary Amperex Technology, CALB, Ningxia New Energy, REPT BATTERO, Chunan New Energy, Sunwoda Electronic, Yuen Long Power, Guangzhou Great Power Energy and Technology, Xingheng Power, Tianjin Lishen, GAC Aian, and other new energy battery and new energy vehicle companies, as well as business cooperation with overseas new energy battery manufacturers such as Samsung SDI, LGES, Panasonic, and SKOn. In the field of new material preparation, the company has systematically laid out processes such as mixing, dispersion, grinding, coating, drying, and film preparation for micro-nano materials, forming an intelligent equipment system represented by optical film precision coating machines, double-drive coating machines, and dry method medium stirring mills, and possessing the ability to deliver complete powder engineering lines. The company has established a new material preparation platform that is both universal and scalable, with products applied in multiple sub-material preparation areas such as new energy battery positive and negative electrode materials, functional films, semiconductor packaging materials, and functional ceramic materials, gradually forming an application pattern targeting multiple industries and scenarios based on process equipment platforms. The company's products have been used by customer groups such as BTR, Yunnan Energy New Material, Wanhua Chemical Group, Bo Yixin Cheng, Jiangsu HHCK Advanced Materials, and Chaozhou Three-Circle (Group).