New Stock Update | Wuxi Lead Intelligent Equipment (300450.SZ) held a hearing at the Hong Kong Stock Exchange, claiming to be the second largest supplier of new energy intelligent equipment in the world with a market share of 2.9%.

According to the disclosure from the Hong Kong Stock Exchange on January 25th, Wuxi Lead Intelligent Equipment Co., Ltd. (300450.SZ) went through a listing hearing on the main board of the Hong Kong Stock Exchange, with CITIC SEC and J.P. Morgan acting as its joint sponsors. According to the prospectus, Wuxi Lead Intelligent Equipment is an intelligent equipment company that provides intelligent equipment and solutions for various emerging industries. The company's manufacturing equipment and solutions are widely used in diverse fields such as lithium batteries, photovoltaic cells, computer, communication, and consumer electronics (3C) manufacturing, intelligent logistics, hydrogen production and fuel cell manufacturing, automotive manufacturing, and laser precision machining. Wuxi Lead Intelligent Equipment's intelligent equipment is equipped with industrial control software, which can streamline various production processes, help customers transition to highly automated unmanned factories, further reduce labor costs, enhance production efficiency, and promote green initiatives. For example, by integrating data-driven algorithms, digital twin simulation and dynamic scheduling optimization software, the company has developed unmanned intelligent logistics equipment that empowers customers with intelligent production solutions, promoting the establishment of "unmanned factories" and "intelligent factories." Wuxi Lead Intelligent Equipment maintains extensive cooperation with leading customers in these industries and has established a strong market position in the field of new energy. According to Frost & Sullivan's data, by revenue in 2024, the global new energy intelligent equipment market accounts for approximately 15% of the global intelligent equipment market. In the same year, Wuxi Lead Intelligent Equipment was the second largest supplier of new energy intelligent equipment globally, with a market share of 2.9% by revenue. Additionally, according to Frost & Sullivan's data, by revenue in 2024, the global lithium battery intelligent equipment accounts for approximately 13.5% of the global new energy intelligent equipment market. In the same year, Wuxi Lead Intelligent Equipment was the largest supplier of lithium battery intelligent equipment globally, with a market share of 15.5%, and also the largest supplier of lithium battery intelligent equipment in China by revenue, with a market share of 19.0%. In the aspect of lithium battery intelligent equipment, Wuxi Lead Intelligent Equipment's products and solutions cover various applications in electric vehicles, energy storage, consumer electronics, and different technical routes such as lithium iron phosphate, ternary, as well as different battery production requirements such as square, cylindrical, soft pack, and blade shapes. Specific products include mixing, coating, rolling, cutting, and sheet production equipment for the front-end processes, winding, stacking, packaging, injection, and welding equipment for the middle processes, and formation, capacity sorting, and assembly equipment for the back-end processes. At the same time, based on breakthroughs in the entire process of solid-state battery manufacturing, Wuxi Lead Intelligent Equipment can provide customers with main equipment such as dry mixing, shearing, dry film composite, and solid-state stacking equipment. Wuxi Lead Intelligent Equipment's customer base includes leading companies in the global lithium battery industry such as Contemporary Amperex Technology, Tesla, Volkswagen, BMW, Mercedes, Toyota, LG Energy, SK On, Samsung SDI, Panasonic, ATL, CALB, Eve Energy Co., Ltd., Gotion High-tech, Farasis Power, Ampace, Sunwoda Electronic, Honeycomb Energy, BYD Company Limited, and ACC. In the photovoltaic field, Wuxi Lead Intelligent Equipment provides customers with comprehensive solutions and individual equipment for the manufacturing of photovoltaic modules and cells. The company's specific equipment at the module end includes multiple busbar (MBB) stringing, zero busbar (0BB) stringing, xBC stringing and scribing, tile soldering, busbar welding, interdigitated back contact (IBC) stringing, among other functions. The company's specific equipment at the cell end includes single crystal fluff cleaning, boron phosphorus silicon glass (BSG) alkaline etching cleaning, screen printing/sintering, and testing and sorting equipment. Additionally, based on a forward-looking layout of new photovoltaic cell technologies, Wuxi Lead Intelligent Equipment has successfully delivered GW-level solutions in the TOPCon, HJT, xBC, and perovskite fields. The company's customer base includes leading companies in the photovoltaic industry such as Tongwei CECEP Solar Energy, LONGi Green Energy Technology, JA Solar Technology, Shanghai Aiko Solar Energy, Trina Solar Co., Ltd., Jinko Solar, and CSI Solar Co., Ltd. In terms of competitive landscape, Wuxi Lead Intelligent Equipment competes in the large and competitive new energy intelligent equipment market in China and globally. According to Frost & Sullivan's data, the global lithium battery intelligent equipment market is expected to grow from RMB 49.8 billion in 2024 to RMB 137.2 billion in 2029, with a compound annual growth rate of 22.5%. The global photovoltaic intelligent equipment market is expected to decrease from RMB 176.9 billion in 2024 to RMB 131.3 billion in 2029, with a compound annual growth rate of -5.8%. The global intelligent logistics equipment market is expected to increase from RMB 133.9 billion in 2024 to RMB 338.1 billion in 2029, with a compound annual growth rate of 20.3%. Financially, for the period ending September 30th in 2022, 2023, 2024, and 2025, Wuxi Lead Intelligent Equipment's revenue was approximately RMB 13.836 billion, RMB 16.483 billion, RMB 11.713 billion, and RMB 10.388 billion respectively; during the same period, net profits were approximately RMB 2.318 billion, RMB 1.771 billion, RMB 0.268 billion, and RMB 1.161 billion respectively.