Heat pump leader Newenergy has submitted an application for an IPO on the Shenzhen Stock Exchange, planning to raise 750 million yuan to further promote zero carbon.

On April 29, Guangdong New Energy Technology Co., Ltd. (New Energy Technology)(referred to as "New Energy Technology")'s IPO on the Shenzhen Stock Exchange has been accepted. Guolian Minsheng Securities is the lead underwriter, with plans to raise 750 million yuan. The prospectus shows that New Energy Technology is a high-tech enterprise focusing on the application of heat pump technology in various fields, and is a national key "little giant" enterprise specializing in specialty and new industry. The company is committed to promoting energy saving, emission reduction, and green transformation in the economy and society with heat pump technology innovation as the core, and clean energy and efficient intelligent applications as the direction. The company's main business is the research, development, production, and sales of air source heat pump equipment. The company has developed a complete product matrix, with ultra-low temperature series products capable of operating stably in extreme cold environments of -40C, and the highest heating temperature in the industrial field reaching 150C. Additionally, the company is continuously expanding applications in areas such as photovoltaic direct-drive air source heat pump technology, AI intelligent control and group control, magnetic levitation and air suspension, CO2 high-temperature heat pump, waste heat recovery, heat storage peak shaving, and multi-energy synergistic complementary technologies. Some of the key representative projects of New Energy Technology include the Zhaoxian City Central Heating Project with a heating area of over 4 million square meters in Hebei, energy-saving transformation project of a well-known new energy enterprise's water-based diaphragm coating machine, constant temperature application project for Wens Foodstuff Group's breeding, air source heat pump project for the 18th Jakarta Asian Games venue, air source heat pump project for the 19th Hangzhou Asian Games venue, air source heat pump project for Chongqing East Station, and heating project for Penglai General Airport. By the end of 2025, the company's domestic sales network basically covers all provincial-level regions in China and serves a wide range of users in different fields. At the same time, the company is continuously expanding into overseas markets, selling products to more than 80 countries and regions. The company's main overseas sales regions include Europe, the Americas, and Oceania, and it is a stable partner of high-quality customers in the industry such as Spain's Fluidra Group, Canada's Nirvana, France's Poolstar, and Czech Republic's Photomate. According to Frost & Sullivan's "Global and Chinese Air Source Heat Pump Market Independent Industry Research (2025)" and Industry Online's "2025 China Air Source Heat Pump Industry Annual Research Report", by 2025, the company's domestic air source heat pump market ranks among the top three in the entire market with a high industry status. It is reported that after deducting issuance expenses from the funds raised in this offering, all of it will be used for the construction of New Energy Technology's high-end intelligent "zero carbon" industrial park for air source heat pumps, the production base of New Energy Technology's heat pump components, and the brand construction and promotion project. With the long-term trend of global energy transformation and the short-term energy tension caused by international geopolitical events, the demand for carbon reduction continues to increase, and the application of electrification heating technology is accelerating, leading to a continuous growth trend in the global air source heat pump market. According to Frost & Sullivan's research report, the size of the global air source heat pump market is expected to grow rapidly from 529.5 billion yuan in 2021 to 738.9 billion yuan in 2025, with a compound annual growth rate of 8.7%. In the future, as countries continue to push forward carbon neutrality goals and increase energy efficiency measures and financial subsidies, the global market size will continue to expand. It is expected that by 2030, the global air source heat pump market will exceed 160 billion yuan, with significant long-term growth potential for the industry. From the perspective of installed capacity, according to data from the International Energy Agency, China's new heat pump installations have remained stable overall, maintaining its position as the world's largest heat pump market. In 2025, heat pump sales in the United States decreased by about 13% compared to the previous year. In Europe, the third largest heat pump market in the world, the region experienced significant growth in 2025 with an increase of about 11%, mainly from the warming of the German heat pump market. According to the International Energy Agency's forecast, it is estimated that the global heat pump installed capacity will increase to 263-347GW by 2035, about 2.4-3.1 times that of 2023. As a key technology for improving energy efficiency and replacing traditional fossil fuel heating, heat pumps are expected to meet over half of the global heating demand by 2050, with a market size reaching trillion levels, and ample room for industry development. Financially, in 2023, 2024, and 2025, New Energy Technology's operating income was approximately 1.299 billion yuan, 1.339 billion yuan, and 1.512 billion yuan respectively; during the same period, the net profit was approximately 103 million yuan, 141 million yuan, and 219 million yuan respectively.