According to EnergyTrend, Hangzhou Gold Electronic Equipment Co., Ltd. (stock code: 301669) was officially listed on the ChiNext Board of the Shenzhen Stock Exchange on June 9.
The offering price stood at RMB 7.08 per share, with 120 million new shares issued. On its debut trading day, the stock opened at RMB 63.65 per share and closed at RMB 51.3 per share, representing a surge of 624.58%. Its total market capitalization reached RMB 24.624 billion.
The company raised approximately RMB 850 million through this IPO. After deducting issuance expenses, RMB 600 million will be invested in the construction of an intelligent manufacturing center for energy storage battery management systems (BMS), and RMB 250 million will be used to supplement working capital. The project includes the expansion of automated production lines and the construction of in-house SMT production lines.
Founded in 1998, Gold Electronic focuses on the R&D, production and sales of advanced energy storage BMS. Its business scope also covers integrated centralized management of energy storage systems, energy storage data analysis and related services.
The company’s products are widely applied in large-scale high-voltage energy storage power stations on the power generation and grid sides, as well as commercial, industrial and residential energy storage scenarios. Its major clients include State Grid Corporation of China, China Southern Power Grid, Canadian Solar and EVE Energy.
Financial figures show that from 2023 to 2025, the company posted operating revenue of RMB 779 million, RMB 919 million and RMB 1.255 billion respectively, while net profit attributable to parent company hit RMB 88 million, RMB 98 million and RMB 137 million over the three years.
Source：EnergyTrend