LEAD Intelligence recently announced that its application for a primary listing on the Main Board of the Stock Exchange of Hong Kong (HKEX) has officially passed the listing hearing. Simultaneously, the company released its 2025 annual performance forecast, indicating a robust recovery in operating results following a period of strategic adjustment.
Successful HKEX IPO Hearing Sets Stage for Listing
According to the disclosure, LEAD Intelligence passed the hearing of the HKEX Listing Committee on January 22, with J.P. Morgan and CITIC Securities serving as joint sponsors.
Earlier, the company submitted its H-share listing application on February 25, 2025, and updated its application materials on August 26, 2025. Having passed the hearing, LEAD Intelligence has officially entered the final stage of the share offer and issuance.
The proceeds from this Hong Kong IPO will primarily be used to expand the company's global R&D and sales networks, deepen its platform-based strategy, optimize intelligent equipment technology, and enhance digital capabilities.
Performance Turnaround: Net Profit Projected to Exceed 1.5 Billion RMB
LEAD Intelligence expects to achieve a net profit attributable to shareholders of between 1.5 billion and 1.8 billion RMB for the 2025 fiscal year. This represents a significant year-on-year increase of 424.29% to 529.15%. Net profit after deducting non-recurring gains and losses is projected to reach 1.48 billion to 1.78 billion RMB, a year-on-year growth of 310.83% to 394.11%.
Regarding the substantial growth, the company stated that global demand for power and energy storage batteries rebounded in 2025, driving an overall recovery in the industry. As capacity utilization rates of major domestic battery manufacturers recovered and expansion accelerated, LEAD Intelligence's order volume rebounded rapidly. By accelerating project delivery and acceptance, the company’s performance successfully bottomed out, resulting in a marked improvement in profitability.
On the technical front, the company has maintained continuous investment in the R&D of cutting-edge equipment for solid-state batteries, sodium-ion batteries, perovskite, and BC (Back Contact) solar cells, further expanding its growth drivers. Additionally, through digital transformation and cost-reduction measures, operational efficiency has improved, with gross margins in the fourth quarter showing both year-on-year and quarter-on-quarter recovery.
In terms of financial management, the company improved its 2025 operating cash flow by accelerating equipment acceptance and payment collection cycles. Overall, while consolidating its leading position in the new energy equipment sector, LEAD Intelligence has significantly strengthened its operational resilience and asset quality.
Source：EnergyTrend
