Surging toward Hong Kong IPO! Pu Tai Lai submits application to Hong Kong Exchange

Beijing Business Daily (Reporter Wang Manlei) On March 17, Putailai (603659) announced that the company submitted an application to the Hong Kong Stock Exchange on March 16 for the issuance of H-shares and listing on the Main Board of the Hong Kong Stock Exchange. The application materials for this issuance and listing were also published on the Hong Kong Stock Exchange website on the same day.

It is understood that Putailai is a comprehensive solution provider and platform company specializing in key materials for new energy batteries, automation equipment, and process technology. The company mainly engages in the research, development, production, and sales of new energy battery materials and automation equipment, and provides OEM services for new energy battery electrodes. Its main businesses include membrane materials and coating processing, anode materials, functional materials such as PVDF and binders, aluminum oxide and bauxite, as well as automated equipment and services for new energy batteries.

By 2025, the company is expected to achieve an operating revenue of approximately 15.711 billion yuan, a year-on-year increase of 16.83%; corresponding net profit attributable to shareholders is expected to be about 2.359 billion yuan, a year-on-year increase of 98.14%.