EnergyTrend has learned that SENIOR Material recently rolled out two major developments. First, the company successfully completed its Hong Kong IPO; second, it announced its participation in setting up an energy storage industry fund with a total fund size of RMB 500 million.
Completion of Hong Kong Listing
On June 23, SENIOR Material was officially listed on the Main Board of The Stock Exchange of Hong Kong Limited, with the H-share short name SENIOR MATERIAL and stock code 06067.HK. A total of approximately 149.5 million H-shares were offered globally at an issue price of HK$8.98 per share, raising gross proceeds of around HK$1.343 billion. Net proceeds after deducting listing-related expenses stood at roughly HK$1.281 billion.
The offering drew strong market demand. The Hong Kong public offer was oversubscribed by 1,563.16 times, and the international offer saw an oversubscription multiple of 14.34. Thirteen institutional cornerstone investors were brought on board, including Fullgoal Fund, JinkoSolar and Sunwoda, with their aggregate subscription amount reaching approximately HK$608 million.
Proceeds raised from the Hong Kong listing will be allocated to material R&D, overseas business expansion, investments in enterprises engaged in new battery separators and semiconductors, and other initiatives. With this listing, SENIOR Material has established a three-market capital layout covering the Shenzhen Stock Exchange, SIX Swiss Exchange and Hong Kong Stock Exchange.
As disclosed in its previous prospectus, as of December 31, 2025, SENIOR Material’s battery separator production capacity exceeded 2 billion square meters across eight manufacturing bases. Operational bases are located in Changzhou, Jiangsu, Hefei, Nantong and Foshan, while new facilities are under construction in the United States, Malaysia and Sweden.
In terms of customer resources, SENIOR Material has years of expertise in lithium-ion battery separators and long-term supplies to leading lithium-ion cell manufacturers, namely LG Energy Solution, Samsung SDI, Envision AESC, Murata, SK On, SAFT, CATL, BYD, Gotion High-tech, CALB, EVE Energy and Sunwoda.
Participation in RMB 500 Million Energy Storage Industry Fund
Shortly after the listing, SENIOR Material issued an announcement on June 24 regarding its industrial fund investment. The company joined hands with Yuanzhi Energy Storage, Kefa Capital, Shenzhen New Energy Storage Industry Equity Fund, Guangming Science City Industrial Investment and other parties to establish Shenzhen Yuanzhi Senior Venture Capital Fund Partnership (Limited Partnership), with a planned total subscribed capital of RMB 500 million.
Per the announcement:
- As a limited partner, SENIOR Material intends to subscribe RMB 151 million using its internal funds, holding a 30.20% stake;
- Among other investors, Shenzhen New Energy Storage Industry Equity Fund will subscribe RMB 249 million, accounting for 49.80%;
- Guangming Science City Industrial Investment will subscribe RMB 98 million, taking a 19.60% share;
- General partners Yuanzhi Energy Storage and Kefa Capital will each subscribe RMB 1 million, holding 0.20% each.
The industrial fund will focus investment across the whole new energy storage industrial chain, covering R&D headquarters, manufacturing, engineering application and market expansion within the energy storage sector. It may also invest in upstream raw materials, components, process equipment and other related projects compatible with new energy storage technology routes.
All capital contributions will be funded by the company’s internal funds and will not create material pressure on the listed firm’s operating cash flow.
Source：EnergyTrend
