On April 3, Sichuan Changhong New Energy Technology Co., Ltd. (Hereinafter referred to as "Changhong Energy") disclosed the draft prospectus for issuing stocks to specific targets in 2026, which intends to raise no more than 903 million yuan. Among them, 803 million yuan will be used for the expansion project of high-rate lithium batteries in Malaysia, injecting strong growth momentum, and another 100 million yuan will be used to supplement liquidity and repay loans, which will optimize the structure of assets and liabilities and improve the ability to resist risks.
The announcement shows that 803 million yuan of the fund to be raised will be invested in the expansion project of high-rate lithium batteries in Malaysia, with a construction period of 1.5 years, and a total of 170 million new 18650 and 21700 series batteries will be added after production. It is not only an decisive measure to cope with the mismatch between supply and demand of high-end capacity in the global lithium power industry and to break the bottleneck of Changhong Energy's own capacity, but also a strategic layout to conform to the trend of global distribution of the industry and hedge the risks of international trade. According to the
2025 performance report, Changhong Energy achieved a 22% year-on-year increase in revenue and a 26% year-on-year increase in net profit, with a strong growth momentum. The completion of overseas bases will further improve its "domestic + overseas" dual-base layout and help the company seize more shares in the global high-rate lithium power market segments, which is in line with the development trend of the industry.
At present, the global high-rate lithium battery industry has maintained rapid growth, driven by emerging areas such as power tools, cleaning equipment, portable energy storage , intelligent travel, unmanned aerial vehicles and robots, the market demand continues to be strong. Competition in the industry is accelerating to turn to the competition between core technology and comprehensive profitability.
Changhong Energy's fund-raising closely centers on the layout of the main industry of high-rate lithium power, conforms to the development trend of the industry, is conducive to further consolidating its market position, enhancing its core competitive advantage, and laying a solid foundation for sustained and high-quality development.
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