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Leidi Network, Jianping Lei, April 17
Shenzhen Shangshui Intelligent Co., Ltd. (abbreviated as &#34;Shangshui Intelligent&#34;, stock code: 301513) was listed on the Shenzhen Stock Exchange's ChiNext today.
Shangshui Intelligent issued 25 million shares at an issue price of 26.66 yuan per share, raising 667 million yuan.
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The strategic investors of Shangshui Intelligent this time include Guangdong Guangqi Jiuhao Equity Investment Partnership (Limited Partnership), Shenzhen Qianhai Hongsheng Venture Capital Service Co., Ltd., Guangzhou Industrial Control Capital Management Co., Ltd., Guangzhou Penghui Energy Technology Co., Ltd., Dufu Duo New Materials Co., Ltd., Zhongchuang Xinhang Smart Energy Technology Co., Ltd., Jingmen Yiwei Chuangneng Lithium Battery Co., Ltd., and Guolian Shangshui Intelligent Strategic Placement No. 1 Collective Asset Management Plan.
Among them, Guangzhou Penghui Energy Technology Co., Ltd., Dufu Duo New Materials Co., Ltd., Zhongchuang Xinhang Smart Energy Technology Co., Ltd., and Jingmen Yiwei Chuangneng Lithium Battery Co., Ltd. subscribed for 4.91 million shares each, with a lock-up period of 12 months.
Shangshui Intelligent's opening price was 99.99 yuan, up 275% from the issue price; the closing price was 103.1 yuan, up 286.72% from the issue price; based on the closing price, the company's market value is 10.3 billion yuan.
Annual revenue of 810 million, net profit of 160 million
Shangshui Intelligent has been deeply engaged in the intelligent equipment industry for more than ten years, building a comprehensive technical capability system based on &#34;core single machine + intelligent control system + process package&#34;. Its main business revolves around core process links such as micro-nano powder treatment, precise measurement of powder-liquid, powder-liquid mixing and dispersion, and functional film preparation.
Shangshui Intelligent's products can be used in industries such as new energy batteries, new materials, chemicals, food, pharmaceuticals, and semiconductors. Currently, the company mainly focuses on the manufacturing of new energy battery electrodes and the preparation of new materials, specializing in the research, design, production, and sales of intelligent equipment that integrates process capabilities.
The prospectus shows that Shangshui Intelligent's revenue for 2022, 2023, and 2024 is expected to be 397 million yuan, 600 million yuan, and 637 million yuan, respectively; net profits are expected to be 97.72 million yuan, 234 million yuan, and 153 million yuan, respectively; and net profits after deducting non-recurring gains and losses are expected to be 85.41 million yuan, 219 million yuan, and 148 million yuan, respectively.
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SHANGSHUI Intelligent's revenue in the first half of 2025 was 400 million yuan, with a net profit of 93.71 million yuan, and a net profit of 93.61 million yuan after deducting non-recurring gains and losses.
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SHANGSHUI Intelligent's revenue in 2025 is expected to be 810 million yuan, an increase of 27% compared to 640 million yuan in the same period last year; net profit is expected to be 160 million yuan, an increase of 5.3% compared to 150 million yuan in the same period last year; net profit after deducting non-recurring gains and losses is expected to be 160 million yuan, an increase of 8% compared to 148 million yuan in the same period last year.
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SHANGSHUI Intelligent expects revenue in the first quarter of 2026 to be between 310 million and 360 million yuan, a year-on-year increase of 11.26%-29.21%; net profit is expected to be between 34.5 million and 37.5 million yuan, a year-on-year change of -29.30% to -23.16%; net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses is expected to be between 34.5 million and 37.5 million yuan, a year-on-year change of -29.11% to -22.94%.
BYD is a shareholder.
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The controlling shareholder and actual controller of SHANGSHUI Intelligent is Jin Xudong. As of the date of signing this prospectus, Jin Xudong directly holds 35.07% of the shares, SHANGSHUI Business directly holds 16.08% of the shares, and Jin Xudong directly holds a 15% partnership share in SHANGSHUI Business and serves as the executive partner of SHANGSHUI Business.
Therefore, Jin Xudong directly and indirectly controls a total of 51.15% of the voting rights of the company.
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During the reporting period, Jin Xudong has served as the chairman of the company, fully responsible for the company's production operations and major decision-making, which can have a significant impact on the company's production operations. Therefore, Jin Xudong is the controlling shareholder and actual controller of the company.
Before the IPO, Jiangsu Bozhong held 28.09%, BYD held 7.69%, Suzhou Tengxin held 2.15%, Guangzhou Zhengxuan held 2.09%, Yang Xiangqun held 1.93%, Xie Pingbo held 1.29%, Zhao Ligui held 1%, and Qiongqing City No. 1 held 0.83%, Wang Haiquan held 0.79%
Lin Xiaofan holds 0.73%, Shi Feng holds 0.67%, Sun Chengwen holds 0.58%, Shen Li holds 0.5%, Cha Yayu holds 0.43%, Chuangqi Kaiying holds 0.07%.
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After the IPO, Jin Xudong directly holds 26.3%, Jiangsu Bozhong holds 21.07%, Shangshui Business holds 12.06%, BYD holds 5.76%, Suzhou Tengxin holds 1.61%, Guangzhou Zhengxuan holds 1.57%, Yang Xiangqun holds 1.45%, Xie Pingbo holds 0.97%, Zhao Ligui holds 0.75%, Gongqingcheng No. 1 holds 0.63%, Wang Haiquan holds 0.6%;
Lin Xiaofan holds 0.55%, Shi Feng holds 0.5%, Sun Chengwen holds 0.44%, Shen Li holds 0.38%, Cha Yayu holds 0.32%, Chuangqi Kaiying holds 0.06%.
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301513

Shenzhen Shangshui Intelligent Co., Ltd. (stock code: 301513) was listed on the Shenzhen Stock Exchange's ChiNext on April 17, issuing 25 million shares at an issue price of 26.66 yuan per share, raising 667 million yuan. The opening price was 99.99 yuan, the closing price was 103.1 yuan, and the market value reached 10.3 billion yuan. In 2022, the annual revenue was 810 million yuan, with a net profit of 160 million yuan, mainly covering fields such as new energy batteries and new materials. The revenue is expected to be 600 million yuan and the net profit 234 million yuan in 2023

雷帝触网

Shangshui Smart

Great Power

CALB

惠州亿纬锂能股份有限公司

BOZHON

BYD COMPANY

BYD HK SDR 10to1

BYD Company

BYD Company Limited

BYD COMPANY-R

SHANGSHUI Intelligent listed on the Shenzhen Stock Exchange: annual revenue of 810 million, net profit of 160 million, market value of 10.3 billion