On June 4, Shenzhen Senior Technology Material Co., Ltd. announced that it has officially passed the listing hearing of the Hong Kong Stock Exchange (HKEX), with China Securities International acting as the sole sponsor.
Founded in 2003, Senior Material primarily engages in the research and development, production, and sales of lithium-ion battery separators. Its product portfolio covers dry separators, wet separators, and coated separators, which are widely applied in fields such as power batteries, energy storage batteries, and consumer electronics.
From 2023 to 2025, the company's operating revenue stood at RMB 2.982 billion, RMB 3.506 billion, and RMB 4.077 billion, respectively, demonstrating a continuous growth trend. During the same period, its net profits were RMB 594 million, RMB 371 million, and RMB 143 million, respectively.
In terms of capacity layout, the company has established manufacturing bases in domestic cities including Changzhou, Hefei, Nantong, and Foshan. Concurrently, it is advancing the construction of overseas production facilities in the United States, Malaysia, and Sweden. These overseas production bases are expected to gradually commence operations between the end of 2026 and the first half of 2027.
The net proceeds raised from this HKEX listing will be primarily directed toward several key areas:
Strengthening R&D: Enhancing research and development capabilities for solid-state electrolyte membranes, other functional membranes, and next-generation lithium-ion battery separator products.
Global Expansion: Expanding the overseas production network, specifically funding equipment procurement and facility construction for the Malaysian and U.S. production bases.
Strategic Investment: Investing in enterprises that focus on novel battery separator materials and semiconductors.
Debt Repayment: Repaying fixed-asset loans associated with the Swedish production base.
General Operations: Allocating the remaining funds for general working capital and daily corporate purposes.
Source：EnergyTrend