This lithium battery company is going for an IPO in Hong Kong!_Industry News_News

This lithium battery company is going for an IPO in Hong Kong!

According to the prospectus, Longpan Technology is a manufacturer of lithium iron phosphate cathode materials and also a manufacturer of environmentally friendly fine chemicals for automobiles. The company mainly operates in two parts: lithium iron phosphate cathode materials and environmentally friendly fine chemicals for vehicles. The company is engaged in the research and development, production, and sales of lithium iron phosphate cathode materials. Lithium iron phosphate cathode material is currently the most widely used cathode material in the production of lithium batteries, used in various end markets, including new energy vehicles and energy storage industries. In addition, the company is engaged in the research and development, production, and sales of a comprehensive portfolio of environmentally friendly fine chemicals for automobiles, covering diesel engine exhaust treatment fluids, automotive and industrial lubricants, coolants, and automotive maintenance products. These products are widely used in the automotive manufacturing market, automotive aftermarket, and engineering equipment market.

According to Frost&Sullivan's data, in terms of sales in 2022, Longpan Technology is the world's third-largest manufacturer of lithium iron phosphate cathode materials, with a market share of 8.6%; The third largest urea manufacturer in mainland China, with a market share of 11.5%; And the third largest coolant manufacturer in mainland China, with a market share of 4.6%. Annual revenue of 14.1 billion yuan, with more than half coming from Ningde Times' performance. As of June 30, 2023, Longpan Technology achieved operating revenues of 1.915 billion yuan, 4.054 billion yuan, 14.072 billion yuan, and 3.814 billion yuan in 2020, 2021, 2022, and 2023, respectively; The profits during the period were 240 million yuan, 433 million yuan, 1.03 billion yuan, and a loss of 811 million yuan, respectively. For the years ended December 31, 2020, 2021, and 2022, as well as for the six-month period ended June 30, 2023, the total revenue from Longpan Technology's five major clients during the track record period was RMB 421 million, RMB 1.739 billion, RMB 11.254 billion, and RMB 2.356 billion, respectively, accounting for 22.0%, 42.9%, 80.0%, and 61.8% of the company's total revenue for each period. As of December 31, 2021 and 2022, and for the six months ended June 30, 2023, the revenue from CATL was RMB 1.16 billion, RMB 7.487 billion, and RMB 1.046 billion, respectively, accounting for 28.6%, 53.2%, and 27.4% of the company's corresponding period revenue. If you want to learn more about the industry and expand your contacts, please join the battery headline group: copyright notice: all resources are from the Internet, and the copyright belongs to the original author and the enterprise.

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