301669SZSE
🚨 Material Event

Prospectus for Initial Public Offering and Listing on the ChiNext Board

Gote Electronics Co., Ltd.··481 pages

✨ AI Summary

Hangzhou Gold Electronic Equipment Co., Ltd. aims to raise funds through an IPO on the ChiNext Board to enhance technological innovation, brand recognition, and governance. The company plans to issue 12 million shares at a price of 7.08 RMB per share, representing 25% of the total post-issue share capital. The funds will be used for the construction of a smart manufacturing center for energy storage battery management systems and to supplement working capital.

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Full Translation

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Declaration

Hangzhou Gold Electronic Equipment Co., Ltd. (Room 201, 2nd Floor, Building F, Hikvision Group, No. 198, Aicheng Street, Wuchang Street, Yuhang District, Hangzhou, Zhejiang Province) announces its prospectus for the initial public offering of shares and listing on the ChiNext Board.

Investment Risk Warning

The shares being issued are intended for listing on the ChiNext Board, which is characterized by high innovation investment, uncertainty in the integration of old and new industries, being in a growth phase, high operational risks, unstable performance, and high delisting risks. Investors face significant market risks. Investors should fully understand the investment risks of the ChiNext Board and the risk factors disclosed by the company, and make prudent investment decisions.

Statement to Investors

  1. Purpose of the Issuer's Listing (1) To promote technological innovation and intelligent manufacturing, providing important support for the country to build a new power system, achieve a green and safe transformation of the energy structure, and cultivate new productive forces in the new energy industry. Hangzhou Gold was established in 1998 and has focused on battery monitoring and management since its inception. Starting from lead-acid battery monitoring to lithium battery management systems, the company has kept pace with global battery technology and the development of new energy storage industries. Through continuous technological innovation and product iteration, it has gradually developed into a national high-tech enterprise driven by technological innovation and a specialized "little giant" enterprise. The company aims to become a global leader in providing safety and value enhancement solutions for new energy storage systems. During the reporting period, the company mainly provided safe, reliable, efficient, stable, and more economical new energy storage battery management system products to the new energy industry. For three consecutive years, it has maintained a leading position in the shipment volume of BMS products in the large-scale energy storage field. Its products and services are widely used in large high-voltage energy storage power stations on the power side/grid side, as well as in commercial and residential energy storage fields. The company also covers backup power BMS products used in data centers, communication base stations, and rail transit, as well as power battery BMS products used in new energy vehicles and electric ships, and related businesses in power detection. Through this issuance and listing, the company will leverage the capital market to further enhance its technological innovation capabilities and intelligent manufacturing levels, providing important support for the country to build a new power system, achieve a green and safe transformation of the energy structure, cultivate new productive forces in the new energy industry, and achieve the strategic goals of "carbon peak and carbon neutrality."

(2) To further enhance brand awareness and accelerate global market layout. The company's BMS products are widely used in the downstream new energy storage industry, covering mainstream energy storage system integrators, energy storage battery manufacturers, and energy companies. As one of the key devices in energy storage systems, the company's BMS products are directly or indirectly exported after being integrated into energy storage system products by domestic customers. With the rapid expansion of the global energy storage market, the scale of the company's BMS products applied in overseas markets is rapidly increasing. To further expand overseas market applications, the company began direct overseas business layout in 2022, gradually promoting business orders in Europe, North America, Central Asia, and Southeast Asia through participation in overseas exhibitions, building overseas service teams, and local strategic cooperation. Relying on this issuance and listing will effectively enhance the company's information transparency and global brand recognition, facilitating deeper business cooperation with existing customers and the development of potential customers in domestic and overseas markets, accelerating the company's global market layout.

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