"Science and Technology Innovation Board**" on December 13 (reporter Xu Cihao Chen Mei).The China Securities Regulatory Commission disclosed that Hebei Kuntian New Energy Technology Co., Ltd., a lithium battery anode material company, was registered with the Hebei Securities Regulatory Bureau on December 12, and planned to make an initial public offering and go public.
According to the filing report, it signed a counseling contract with GF ** on November 30, and the work will end in November next year.
Science and Technology Innovation Board**" reporter learned from Kuntian New Energy that Kuntian New Energy chose the main board for listing.
This also means that if things go well, Kuntian New Energy is expected to land on the A-share market next year.
Father-son business
According to Tianyancha industrial and commercial information, Kuntian New Energy was established in May 2018, and the legal representative is Chen Zuochuan, which is a high-tech enterprise in Hebei Province engaged in the production, R&D and sales of lithium battery anode materials.
However, behind Kuntian New Energy is actually the entrepreneurial story of Song Zhitao and his father Song Jingcheng.
According to the official website, Kuntian New Energy, formerly known as Huaiyang Carbon Lithium Energy Technology in Yuanshi County, Hebei Province, has a development history of more than 20 years, and the company's legal representative was Song Jingcheng, but there are few public reports of Song Jingcheng.
According to public information, Huaiyang Lithium Energy Technology Co., Ltd., the predecessor of Kuntian New Energy, began to carry out graphitization processing of lithium-ion battery anode materials in 2002, and is the earliest company in China to use crucibles to carry out graphitization of anode materials.
Song Zhitao graduated from the University of Newfoundland in Canada in 2010 and returned to China after returning to China, and began to work in Huaiyang Lithium Energy Technology Co., Ltd., the predecessor of Kuntian New Energy), as the assistant to the general manager, leading and participating in a number of lithium battery anode material research and development projects, and won national patents, especially the independent research and development of graphitized box furnace technology, the power consumption is 40% less than the traditional crucible furnace technology, causing subversive improvements in the anode material industry.
In 2016, Song Zhitao officially served as the general manager of Huaiyang Lithium Energy, began to make drastic improvements, established a research and development center, introduced a large number of research and development talents, process research and development and material research and development went hand in hand, and the graphitization box furnace technology was upgraded from the first generation to the fifth generation, and the technology continued to improve.
This year, Huaiyang Lithium Energy Technology invested 60 million yuan to build a complete set of graphitization front and back end equipment, becoming the first integrated base of anode materials in China.
In 2018, Hebei Kuntian New Energy Technology Co., Ltd. was established with a total investment of 51.8 billion yuan, with an additional production capacity of 120,000 tons per year.
In 2019, Kuntian New Energy invested 30 million yuan to build an anode material R&D center and a cell pilot test line to improve product development capabilities and all-round material testing capabilities. In this year, Kuntian New Energy began to take the initiative to connect with power battery factories, and after more than two years, it has successively introduced customers from EVE Lithium Energy, Xinwangda, Honeycomb Energy, Guoxuan Hi-Tech, Polyfluoride, Ruipu, Penghui and other head battery factories.
At the same time, Kuntian New Energy has successively deployed production capacity in Sichuan, Yunnan and other regions.
In 2021, Sichuan Kuntian New Energy Technology Co., Ltd. was established, with a total designed annual production capacity of 50,000 tonsIn 2022, the first phase of Yunnan Kuntian New Energy's 200,000-ton lithium battery anode material production project will complete the construction of a 40,000-ton plant and equipment commissioning.
It is reported that the existing total production capacity of Kuntian New Energy has increased from the initial 150,000 tons has developed to nearly 130,000 tons now, and it will reach 300,000 tons after all are put into operation. As of the end of 2022, Kuntian New Energy's operating income exceeded 1.5 billion yuan.
Completed 4 financings within one year
The reporter of the Science and Technology Innovation Board noticed that Kuntian New Energy's financing has also entered the fast lane, and four rounds of financing of more than 2 billion yuan have been completed in just one year.
According to Tianyancha industrial and commercial information, in January 2022, Kuntian New Energy completed the A round of financing of Honeycomb Energy, Hainan Carbon Element, Barrett and Qiancheng Capital, but the financing amount was not disclosed;Two months later, in March 2022, the B round of financing was completed, and Wanxiang 123 Co., Ltd., Hubei EVE Power, Jinggangshan Bee Yun No. 1 Equity Investment Partnership (Limited Partnership) and other industries and investors invested first, achieving a total investment of 33.4 billion;In October 2022, with the help of Wanchuang Investment Bank, Kuntian completed a strategic round of financing of more than 1 billion yuan, co-led by SK China, CICC Capital, and Sinopec Capital, followed by Fosun Chuangfu, Huaxu**, GF Qianhe and other institutionsIn January this year, Kuntian opened a pre-IPO round of financing, Hebei Industrial Investment Guidance**, Xiamen C&D, Guohe Xinli, Junhai Chuangxin, Hana Bank, Xintong Capital, Kunyan Capital, Hongda JunHe, Everest Venture Capital, Broadband Capital, Zhongxin Capital, etc. participated in this round, and the last two rounds of financing amounted to more than 2 billion yuan.
From the perspective of equity institutions, Song Zhitao holds 233041%, Yuanshi County Tenglong Enterprise Management Consulting *** holds 116968%；Yuanshi County Profit Marketing Planning***116176%；Huaiyang Lithium Energy Technology *** old shareholders Liu Gejun and Gao Yongjing respectively hold 111639% and 34594%；In addition, SK China Company Limited holds a 34325%, Sinopec holds 33181%, Honeycomb Energy Technology Co., Ltd. holds 13242%。
It is understood that after the completion of the pre-IPO round of financing, the latest valuation of Kuntian New Energy has reached 10 billion yuan, but in terms of strategic development, this company is also making efforts in the fields of new materials and technologies such as silicon oxygen, silicon carbon, and hard carbon.
Song Zhitao, chairman of Kuntian New Energy, said in an exclusive interview with the reporter of the "Science and Technology Innovation Board" that taking the carbon-based business of sodium electricity as an example, sodium electricity has just begun to start, and the overall industrial chain is not perfect, but Kuntian New Energy has begun to focus on this field and make technical reserves.