New stock news | Shenzhen Senior Technology Material (300568.SZ) Hong Kong IPO approved by the China Securities Regulatory Commission

On April 17, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice of Overseas Issuance and Listing Record of Shenzhen Senior Technology Material Co., Ltd." Shenzhen Senior Technology Material (300568.SZ) plans to issue up to 171,952,000 shares of overseas listed ordinary shares and list on the Hong Kong Stock Exchange. According to the disclosure on January 30, 2026 by the Hong Kong Stock Exchange, Shenzhen Senior Technology Material submitted an application for listing on the main board of the Hong Kong Stock Exchange, with China Securities Co., Ltd. International as its exclusive sponsor. The company had submitted documents to the Hong Kong Stock Exchange on July 7, 2025. According to the prospectus, Shenzhen Senior Technology Material is a manufacturer of lithium-ion battery separators, founded in 2003, with over 20 years of industry experience in the research and development, production, and sales of lithium-ion battery separators. As one of the core components of lithium-ion batteries, the separator directly affects the quality, safety, and production cost of lithium-ion batteries. According to data from Frost & Sullivan, the company is the first in China to master the dry-process uniaxial stretching technology for lithium-ion battery separators. During the reporting period, the company generated most of its revenue from China, with a compound annual growth rate of 10.6% from 2022 to 2024. The company excels in many key performance indicators for battery separators, including thickness, porosity, thermal shrinkage, air permeability, and puncture strength. The company provides services to leading lithium-ion battery manufacturers worldwide, such as LG Energy, Samsung SDI, Vision Group, Panasonic, SK On, SAFT, Contemporary Amperex Technology, BYD Company Limited, Gotion High-tech, CALB, Eve Energy Co., Ltd., and Sunwoda Electronic. According to data from Frost & Sullivan, the company ranked second globally in lithium-ion battery separator shipments for five consecutive years, with a global market share increasing from 11.0% in 2020 to 14.4% in 2024. In 2024, the group held a market share of approximately 17.1%, ranking second in the Chinese battery separator market. By shipment volume, the company held the largest market share globally in the dry-process separator market in 2024, and the second-largest market share in the wet-process separator market by shipment volume.