It has been reported that among the top-selling new energy vehicle manufacturers, only BYD can achieve self-sufficiency in battery production. Most other automakers, including Beiqi New Energy, SAIC Passenger Vehicles, Zhongtai Automobile, Jianghuai Automobile, Geely Automobile, and even BMW Brilliance, rely on third-party battery suppliers. Notably, many of these companies have partnerships with CATL (Ningde Times), one of China's leading battery manufacturers.
On November 10, the pre-disclosure of CATL’s IPO prospectus for the Growth Enterprise Market (GEM) was released on the China Securities Regulatory Commission’s website. According to the preliminary details, the company is expected to raise a significant amount of capital, with its valuation reaching an impressive 130 billion yuan. This represents a substantial increase from March of this year, when Hon Hai Group acquired a 1.19% stake in CATL for 1 billion yuan, implying a valuation of around 84 billion yuan at that time. In just eight months, CATL's valuation has grown by more than 50%, surpassing the market value of many major automotive companies. It is now catching up with Wen's shares, which currently hold the title of the most valuable company on the GEM.
According to the pre-disclosure documents released on November 10, CATL’s revenue in 2014, 2015, and 2016 stood at 869 million yuan, 5.703 billion yuan, and 14.889 billion yuan respectively. The growth rate was as high as 314.31%. Net profits were 56 million yuan, 951 million yuan, and 3.089 billion yuan, with a compound annual growth rate (CAGR) of 642.70%. The majority of the company’s revenue comes from power battery systems. In 2014, 2015, 2016, and the first half of 2017, the sales revenue from power battery systems reached 715 million yuan, 4.981 billion yuan, 13.976 billion yuan, and 5.327 billion yuan respectively. These figures accounted for 94.17%, 87.98%, 95.55%, and 87.14% of total operating income.
CATL plans to issue no more than 217 million new shares, representing at least 10% of the total share capital after the offering. All shares will be newly issued, with no existing shareholders participating in the public offering. The raised funds will be allocated to two key projects: the "Huxi Lithium Ion Power Battery Production Base Project" and the "Power and Energy Storage Battery R&D Project," with a total investment of 13.12 billion yuan. Based on these estimates, CATL expects the issue price to be approximately 60 yuan per share, resulting in a valuation of 130 billion yuan. According to insiders, if successfully listed, CATL will become the largest initial public offering on the GEM, potentially setting a new benchmark for the market.
Oil Mud Pump,Mud Pump,Mud Pump Oil Rig,Portable Mud Pump
Jinan Guohua Green Power Equipment Co.,Ltd. , https://www.guohuagenerator.com