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估值超百亿!青山系独角兽重启IPO辅导 创始人为艾罗能源前销售总监

Valuation exceeds 10 billion! Qingshan's unicorn restarts IPO guidance, founded by the former sales director of Energy.

cls.cn ·  Dec 11, 2024 13:35

① In July 2023, Maitian Energy completed its first listing counseling record registration and plans to go public on the Shanghai Stock Exchange's Main Board, but the counseling record was withdrawn last month. ② Maitian Energy was established in 2019 and received strategic investment from Qingshan Holding Group at its inception. ③ In May 2023, Maitian Energy announced the completion of over 1 billion yuan Pre-IPO financing, with a post-investment valuation exceeding 10 billion yuan.

According to the Star Daily on December 11 (Editor Zhu Ling), following REPT BATTERO, another new energy IPO from the Qingshan system is coming. Recently, Maitian Energy Co., Ltd. (hereinafter referred to as "Maitian Energy") completed its listing counseling registration and intends to IPO on the A-share market.

Established in September 2019, Maitian Energy is a company focused on the research, production, and sales of home energy storage systems and photovoltaic grid-connected Power Inverters.

This is not Maitian Energy's first time conducting IPO counseling record registration. Looking back, Maitian Energy completed its first listing counseling record registration in July 2023, intending to go public on the Shanghai Stock Exchange's Main Board, with CITIC SEC as the counseling institution at the time. However, this counseling record was withdrawn last month.

It is worth mentioning that the counseling progress report issued on March 31 of this year indicated that after prudently considering various factors such as the company's business development situation, future development strategy, issuance and listing conditions, and market issuance conditions, the company decided to change its application sector from the Shanghai Stock Exchange Main Board to the Shenzhen Stock Exchange GEM.

This time, Maitian Energy restarted its IPO counseling, with GTJA as the counseling institution. The planned application sector has not been disclosed. According to the counseling work arrangement, Maitian Energy is expected to summarize the counseling work in April 2025 and prepare for the counseling acceptance.

The founder of Maitian Energy, Zhu Jingcheng, is a post-85 individual with over ten years of work experience in the photovoltaic and energy storage fields. He studied at Monash University in Australia.

Before founding Maitian Energy, he served as the sales director of the home storage unicorn company Airo Energy, as well as the deputy general manager of Airo Energy's then-parent company, Sunny Energy, and received over 0.5 million shares of Airo Energy without a repurchase clause upon leaving.

In 2019, with a bullish outlook on the overseas market for power inverters, the company Maitiandi Energy was founded. Since its establishment, Maitiandi Energy has been favored by the Capital Markets, securing strategic investment from the "world nickel king" Tsingshan Holding Group upon its launch. This follows the investment from Tsingshan Holding Group in the New Energy sector with the lithium-ion battery manufacturer REPT BATTERO.

According to data from Caijing News and Venture Capital, in October 2022, Maitiandi Energy announced the completion of several hundred million yuan in Series A financing, with investors including CITIC SEC, Guohe Investment, Chaoxi Capital, and 8 other institutions.

In May 2023, Maitiandi Energy announced the completion of a Pre-IPO round of financing, raising over 1 billion yuan, led by Chaoxi Capital, with follow-on investments from institutions such as Senma Group, Longwan State Investment, China Electric Power Investment, Jianfa Group, and Guangxin Group. As of now, Maitiandi Energy's valuation has exceeded 10 billion yuan.

Currently, the controlling shareholder of Maitiandi Technology is Jiangsu Maitiandi Energy Technology Co., Ltd., which directly holds 29.48% of the company's shares. Jiangsu Maitiandi has Zhu Jingcheng, Jiang Sen, and Liu Liyu holding 88.75%, 9.00%, and 2.25% of the shares respectively. Tsingshan Holding Group's subsidiary, Yongqing Technology Group Co., Ltd., is the second largest shareholder of Maitiandi Technology.

Public information shows that Maitiandi Energy's revenue surpassed 2 billion yuan in 2022, and its net income in the first quarter of 2023 was close to the total level of 2022. In the Global market, particularly in Europe and the United States, Maitiandi Energy has established a relatively complete sales network and customer base.

It is noteworthy that competition in the New Energy sector is increasingly fierce, with industry giants such as Contemporary Amperex Technology and BYD, along with established energy storage companies like Guangzhou Great Power Energy and Technology, actively expanding into the residential energy storage market. Additionally, there has been a decline in demand in the European residential energy storage market recently, and inverter companies in the photovoltaic industry are still facing pressures to clear inventory.

The translation is provided by third-party software.


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