New stock news | Shenzhen Senior Technology Material (300568.SZ) ranks second in the global battery diaphragm market after a hearing at the Hong Kong Stock Exchange.

According to the disclosure on June 3 by the Hong Kong Stock Exchange, Shenzhen Senior Technology Material Co., Ltd. (referred to as Shenzhen Senior Technology Material (300568.SZ)) from Shenzhen City went through a listing hearing on the main board of the Hong Kong Stock Exchange, with China Securities Co., Ltd. International as the exclusive sponsor. The prospectus shows that Shenzhen Senior Technology Material is a manufacturer of lithium-ion battery separators. Established in 2003, the company has accumulated over 20 years of industry experience in research and development, production, and sales of lithium-ion battery separators. The separator, as one of the core components of lithium-ion batteries, prevents physical contact between electrodes and serves as a carrier for the electrolyte to promote ion conduction. The separator directly affects the quality, safety, and production cost of lithium-ion batteries. The company has shown outstanding performance in many key performance indicators of battery separators, including thickness, porosity, thermal shrinkage, air permeability, and puncture strength. With professional technology and a commitment to quality, the company provides services to leading lithium-ion battery manufacturers worldwide, such as LG New Energy, Samsung SDI, Farasis Power, Murata, SKOn, SAFT, Contemporary Amperex Technology, BYD Company Limited, Gotion High-tech, CALB, Eve Energy Co., Ltd., and Sunwoda Electronic. According to Frost & Sullivan data, the company is the first Chinese enterprise to master the dry method single draw technology for lithium-ion battery separators. According to Frost & Sullivan data, the company has ranked second globally in lithium-ion battery separator shipments for six consecutive years, with a global market share increasing from 11.0% in 2020 to 11.6% in 2025. By 2025, the group is estimated to hold a market share of approximately 13.5%, ranking second in the mainland China battery separator market. The company is one of the first few enterprises in the mainland China with the capability to produce lithium-ion battery separators using three technologies: dry method, wet method, and coating. Based on shipment volume, the company is estimated to hold a market share of around 21.5% in the global dry method battery separator market and 9.0% in the global wet method battery separator market in 2025, ranking first and fourth globally, respectively. Benefiting from the growing shipments of new energy vehicles, rapid development of energy storage, and rising demand from other terminal uses, the mainland China battery separator market has maintained a stable growth trend in recent years. From 2021 to 2025, the shipment volume of battery separators in mainland China is expected to increase from 7.6 billion square meters to approximately 34.6 billion square meters, with a compound annual growth rate of 46.1%. During the historical periods, most of the company's revenue came from China, with a compound annual growth rate of 16.9% from 2023 to 2025. According to Frost & Sullivan, the total shipment volume of the global battery separator industry in 2025 is approximately 40.3 billion square meters, with the top five market participants holding about 67.2% of the global battery separator market's total shipment volume. In 2025, the company is ranked second in the global battery separator market with a market share of 11.6%. According to Frost & Sullivan, the total shipment volume of battery separators in mainland China in 2025 is estimated to be around 34.6 billion square meters, with the top five market participants holding about 78.1% of the mainland China battery separator market's total shipment volume. In terms of finances, the company achieved revenues of approximately 2.982 billion, 3.506 billion, and 4.077 billion RMB in the fiscal years of 2023, 2024, and 2025, respectively; with net profits of approximately 594 million, 371 million, and 143 million RMB in the same periods.