"Nickel King" Qingshan Group Harvests Energy Storage Unicorn IPO

2023-12-18 17:13:31

The total market value is about 42.760 billion.

On December 18, Ruipu Lanjun Energy Co., Ltd. (Hereinafter referred to as "Ruipu Lanjun"), the third largest energy storage battery company in the world, was successfully listed on the main board of the Hong Kong Stock Exchange at a price of HK $18.3. As of today's closing, its share price has risen to HK $18.78, up 2.62%. Its total market value is about 42.760 billion yuan, surpassing the previous China Innovation Airlines and becoming the lithium battery company with the highest market value in Hong Kong.

Source: According to the data of Ruian Capital

, Ruipu Lanjun was founded in 2017, funded by the world stainless steel king and nickel king Qingshan Group. According to the company's disclosure, Yongqing Technology, the largest shareholder holding 62.6% of the company's shares, is a subsidiary investment holding company of Qingshan Group, which is 51% controlled by Qingshan Group.

With the support of Qingshan Group, Ruipu Lanjun has grown rapidly. In 2019, the company achieved delivery and shipment, and in 2020, the sales volume of battery products reached 1.55 GWh. By 2022, the company's shipments have surged to 16.61 GWh, becoming the third largest manufacturer of energy storage batteries in the world after Ningde Times and BYD.

From 2020 to the first half of 2023, the revenue of Ruipu Lanjun was 907 million, 2.109 billion, 14.648 billion and 6.595 billion respectively, with a compound annual growth rate of 301.87%. In terms of

production capacity, the company's production capacity was only 2.3GWh at the beginning of 2020, and by the end of June this year, it had increased to 35.2G Wh, an increase of more than 1430.43%. At the same time, the company also plans to increase the design annual capacity to 69 GWh by the end of 2023, and achieve capacity of more than 150 GWh by the end of 2025.

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