Nabai Chuan has successfully passed the IPO review and will become a strategic supplier for Contemporary Amperex Technology (300750.SZ).

On August 28, Nabaichuan New Energy Co., Ltd. (referred to as Nabaichuan) was approved for listing on the ChiNext board of the Shenzhen Stock Exchange. The sponsor institution is Zheshang, and it plans to raise 729 million yuan. The prospectus shows that Nabaichuan focuses on the research and development, production, and sales of products related to thermal management of power batteries for new energy vehicles, thermal management of power systems for fuel vehicles, and thermal management of energy storage batteries. Its main products include battery liquid cooling plates, battery integration boxes, radiators for fuel vehicle engines, heaters, etc. In the field of thermal management of power batteries for new energy vehicles, the company has been cooperating with Contemporary Amperex Technology since 2012, and is a strategic supplier for Contemporary Amperex Technology (300750.SZ). Its products are matched with T Company, NIO, Xiaopeng Motors, Ideal Motors, NIO Motors, LEAPMOTOR, GEELY AUTO, Chongqing Changan Automobile, Guangzhou Automobile Group, Great Wall Motors, SAIC Roewe, Dongfeng Nissan, Mercedes-Benz, Volkswagen, Chery Automobile, Chongqing Sokon Industry Group Stock and many other automobile brands. In terms of thermal management products for fuel vehicles, the company's radiator products supply leading companies in the automotive thermal management components industry such as Valeo, Mahle, NISSENS, as well as large automotive after-market parts suppliers like NRF, AAP, US Motor Works, establishing a stable sales system. In the area of energy storage thermal management systems, the company has become a supplier to top domestic new energy power equipment manufacturers including Contemporary Amperex Technology, CALB, Sungrow Power Supply. Nabaichuan currently has three production bases in Wenzhou, Zhejiang, Ma'anshan, Anhui, and Chuzhou, Anhui, with over 200,000 square meters of production space. As the implementation subject of this fundraising project, the Chuzhou production base in Anhui is still carrying out follow-up construction to achieve comprehensive support for core customers. The funds raised this time, after deducting the issuance expenses, are intended for projects related to the company's core business and operating funds needed for business development. The specific investment projects are as follows: Financially, Nabaichuan's operating income is expected to be approximately 1.031 billion yuan, 1.136 billion yuan, 1.437 billion yuan, and 337 million yuan in the years 2022, 2023, 2024, and January to March 2025, respectively. During the same period, the company's net profit is expected to be approximately 113 million yuan, 98.2549 million yuan, 95.4288 million yuan, and 14.8854 million yuan, respectively.