New stock news | Golden Rise New Energy Hong Kong stock IPO prospectus invalid.

Guangdong Jinsheng New Energy Co., Ltd. (hereinafter referred to as Jinsheng New Energy) submitted its Hong Kong stock prospectus on September 3, 2025, which was valid for 6 months and expired on March 3, 2026, with CICC and CMB International as its joint sponsors. According to the prospectus, Jinsheng New Energy is a global leading provider of lithium battery recycling and reuse solutions, committed to exploring a circular and clean future world. According to a Frost & Sullivan report, based on sales revenue from recycling in 2024, Jinsheng New Energy is the world's second largest enterprise in the recycling and reuse of lithium batteries, and also the world's largest third-party lithium battery recycling and reuse enterprise. Jinsheng New Energy's recycling business covers mainstream battery systems such as ternary lithium batteries and lithium iron phosphate batteries. The company's products are widely used in downstream applications such as electric vehicles, energy storage systems, and consumer electronics, forming a comprehensive and vertically integrated business model with a complete industrial chain.