Rici Intelligent IPO submits registration, planning to raise 1.008 billion yuan.

On January 23, Wuxi Liqi Intelligent Equipment Co., Ltd. (referred to as Liqi Intelligent) applied for a change in the IPO review status of the Shenzhen Stock Exchange's GEM to "submit registration". Guotai Haitong is its sponsor institution, planning to raise 1.0816 billion yuan. According to the prospectus, the company focuses on the field of automated material handling, dispersion emulsification, mixing and stirring, providing professional overall solutions for intelligent material handling systems. The company provides customers with consulting, design, manufacturing, installation, commissioning, training, and after-sales one-stop service, with products widely used in industries such as lithium battery manufacturing, fine chemicals, and composite materials. Based on the overall trend of the material handling industry shifting from single machine equipment to complete system equipment, the company has been focusing on the research and development, manufacturing, and sales of customized and intelligent material handling complete system equipment since its establishment. The equipment process covers the entire process of material handling from feeding, metering, conveying, pretreatment, to mixing, dispersing, reacting, drying, etc. The company's products are equipped with intelligent integrated control systems, realizing data exchange with the factory MES, with functions such as real-time upload of production data, automatic issuance of work orders, process assistance analysis, and proactive maintenance of equipment, achieving real-time monitoring of production line conditions and intelligent production management. Based on the characteristics of non-standard customization of single machine equipment and complete system equipment, the company independently develops and manufactures complete sets of equipment for intelligent material handling systems according to customer needs and provides a full range of services including equipment installation, commissioning, and daily operation and maintenance. The company's products use a self-developed integrated control system, with functions such as accurate material feeding, automatic conveying, high-precision metering, efficient mixing and blending, and 24-hour continuous production, achieving less manpower, intelligence, and integration in application scenarios. According to the characteristics of the application industry, material properties, and customer needs, the company has developed mature solutions for lithium battery material intelligent processing systems, fine chemical intelligent processing systems, composite material intelligent processing systems, and other system equipment. Among them, the company's lithium battery material intelligent processing system is mainly used in the lithium battery production process. The concentration of the Chinese lithium battery slurry feeding system market is relatively high. According to GGII statistics, the concentration of the top three enterprises in the domestic lithium battery slurry feeding system industry in 2023 and 2024 was 57% and 71%, respectively. In the years 2023 to 2024, the capacity of the lithium battery manufacturing industry is sufficient, with industry expansion mainly concentrated in the leading lithium battery companies. The company mainly supports leading lithium battery customers such as Contemporary Amperex Technology, BYD Company Limited, Sunwoda Electronic, and Eve Energy Co., Ltd., so its market share increased from 27% in 2023 to 43% in 2024, ranking first in the industry. In the coming years, the company actively explores overseas markets, closely following the trends in the lithium battery industry. Against the background of the increasing concentration in the lithium battery industry and the continuous progress of the globalization of the Chinese lithium battery industry chain, the lithium battery material intelligent processing system is expected to remain an important source of profit growth for the company. In terms of performance, in the fiscal years 2022, 2023, and 2024, and in the first six months of 2025, the company achieved operating income of approximately 619 million yuan, 1.721 billion yuan, 2.173 billion yuan, and 1.189 billion yuan respectively. During the same period, the company's net profit was approximately 95.3497 million yuan, 242 million yuan, 299 million yuan, and 151 million yuan respectively.