A-share subscription | Medele (920119.BJ) opens subscription. The product is applied in the fields of new energy, automotive parts, electronics, warehousing and logistics, etc.

On January 21st, Meidele (920119.BJ) officially launched its IPO, with an issuing price of 41.88 RMB per share and a maximum subscription limit of 720,000 shares. The company has a P/E ratio of 14.99 and is listed on the Northern Stock Exchange, with Guotai Haitong as its sponsor institution. According to the prospectus, Meidele is a leading domestic supplier of intelligent conveying systems, specializing in the research, development, design, manufacturing, and sales of intelligent manufacturing equipment, with main products being modular conveying systems and industrial components. The modular conveying systems produced by the company fall under the category of intelligent logistics equipment in the field of intelligent manufacturing equipment. The company's main customers or end-users include well-known system solution providers such as Wuxi Lead Intelligent Equipment, Hymson Laser Technology Group, New Trend International Logis-Tech, Shanghai SK Automation Technology, KSEC Intelligent Technology, Shenzhen United Winners Laser Co., Ltd, Bozhon Precision Industry Technology, Siasun Robot&Automation, and Changyuan Group, as well as leading enterprises in the new energy battery and automotive component manufacturing industries such as BYD Company Limited, Contemporary Amperex Technology, and Xinzhi Group. In the field of new energy batteries, the company's products cover key processes in the production of new energy batteries such as core processing, assembly, casing, battery baking, filling, formation, sealing, testing, grading, storage, sorting, packaging, battery module, and battery PACK processing, and have been applied to the production of various types of batteries including pouch cells, cylindrical cells, prismatic cells, blade cells, and solid-state cells. In the automotive component sector, the company's products are used in the production of core automotive components such as motor rotors, electric drive assemblies, engines, transmissions, and electronic control units. As a new type of energy storage medium, lithium batteries have achieved commercialization and scale application in various industries in recent years due to their high energy density, long cycle life, low self-discharge rate, no memory effect, and environmentally friendly characteristics. According to research by Gao Gong Scientific and Technological Corporation, China's lithium battery shipments are expected to grow from 102GWh in 2018 to 1,175GWh in 2024, with a compound annual growth rate of 50.28%, and is projected to reach 1,911GWh by 2027. In terms of financials, the company is projected to achieve operating revenues of approximately 1.031 billion RMB, 1.009 billion RMB, and 1.138 billion RMB in 2022, 2023, and 2024 respectively, with net profits of approximately 224 million RMB, 208 million RMB, and 213 million RMB during the same periods.