New stock news | Sunwoda Electronic (300207.SZ) submits listing application to the Hong Kong Stock Exchange, holding over 34% global market share in mobile phone batteries.

According to the disclosure of the Hong Kong Stock Exchange on July 30th, Sunwoda Electronic (300207.SZ) submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Goldman Sachs and CITIC SEC as its joint sponsors. The prospectus shows that Sunwoda Electronic is a global lithium battery technology company, committed to providing green and efficient new energy integrated solutions. The company is mainly engaged in lithium battery research and development, design, manufacturing, and sales, covering a wide range of products including consumer batteries, power batteries, and energy storage systems, providing global customers with comprehensive solutions from cells, modules to systems, as well as battery testing and recycling. The company has established long-term stable partnerships with leading global technology companies, including the largest smartphone companies in the world, Xiaomi, Lenovo, OPPO, vivo, Honor, and Transsion, among other key industry participants. As of now, the top ten global smartphone manufacturers in terms of sales volume in 2024 are all customers of the company. According to data from Torch Insight Consulting, based on the shipping volume in 2024, the company dominates the global mobile phone battery market with a market share of 34.3%. According to the same source, the company is also the world's second-largest manufacturer of laptop and tablet batteries, with a market share of 21.6%. In addition, the company has been actively expanding its power battery and energy storage system business, achieving rapid growth and quickly moving to the forefront of the industry. Starting with the consumer battery business, the company has gradually expanded into power batteries, energy storage systems, and other related fields, forming a comprehensive business layout from battery research and development, design, manufacturing, sales, testing, to recycling. Consumer batteries are an important source of revenue, with consumer battery revenue accounting for over 50% of total revenue in 2024. In terms of customer dependence, in 2022, 2023, and 2024, as well as the three months ended March 31, 2025, the company's revenue from the top five customers in each period was approximately RMB 30.286 billion, RMB 22.818 billion, RMB 24.836 billion, and RMB 4.949 billion, accounting for 58.1%, 47.7%, 44.3%, and 40.3% of total revenue during the respective periods. In terms of production capacity, as of March 31, 2025, the company has 25 major production bases in operation or under construction, with 19 located in China, spread across Guangdong, Zhejiang, Jiangxi, Jiangsu, Shandong, and other provinces, and six located overseas in India, Vietnam, Thailand, and Hungary, to promptly respond to and meet the product demands of customers both domestically and internationally. Financially, in the fiscal years 2022, 2023, 2024, and the three months ended March 31, 2025, Sunwoda Electronic achieved revenues of approximately RMB 52.162 billion, RMB 47.862 billion, RMB 56.021 billion, and RMB 12.289 billion respectively; during the same periods, the annual/period profits were approximately RMB 763 million, RMB 331 million, RMB 534 million, and RMB 299 million.