On January 19, Zhejiang Tianhong Lithium Battery Co., Ltd. (stock code 873152), the first company from Zhejiang to list on the Beijing Stock Exchange in 2023, successfully entered the capital market. With the addition of Tianhong Lithium Battery, the number of listed companies on the Beijing Stock Exchange reached 168. On its first day of trading, Tianhong Lithium Battery had a strong start, opening at 6.43 yuan per share, a 7.17% increase over the issue price.
At the listing ceremony, Du Weiyun, Chairman and General Manager of Zhejiang Tianhong Lithium Battery Co., Ltd., stated: “This is a significant milestone in the development history of Tianhong Lithium Battery, and it embodies the dreams of everyone in our company. Thank you all very much for witnessing this important moment with us and sharing our joy. I believe that in the future, we will continue to build on our momentum and achieve outstanding results.”
Tianhong Lithium Battery is a national high-tech enterprise engaged in the R&D, design, assembly, and sales of lithium-ion battery modules. Its main products are power lithium battery modules and energy storage lithium battery modules, primarily used in light vehicles such as electric bicycles, electric scooters, and electric motorcycles, as well as industrial applications such as electric pallet trucks and portable UPS power supplies.
The company is a national-level specialized and innovative “Little Giant” enterprise and a “Zhejiang Province Specialized and Innovative Small and Medium-sized Enterprise.” The company highly values product quality and has obtained ISO9001 quality management system certification, ISO14001 environmental management system certification, and ISO45001 occupational health and safety management system certification. Its products have obtained EU CE and US UL certifications. Leveraging its years of industry experience and competitive advantages, the company has established stable cooperative relationships with many well-known domestic clients.
Going public is the best way for a company to transform and upgrade, and also the best way to promote its brand. As one of the top 100 counties in China in terms of comprehensive strength and a major industrial county in Zhejiang Province, Changxing has always attached great importance to the listing of its enterprises and is making every effort to build a multi-tiered capital market “Changxing Sector.” Zhu Wei, Deputy Secretary of the CPC Changxing County Committee and County Mayor, stated in his speech that Tianhong Lithium Battery, established seven years ago, has been deeply involved in the lithium battery manufacturing field, focusing on development and accelerating its transformation. This successful listing has once again pressed the “accelerator button” for the company’s high-quality development, making it the first company in the city to be listed on the Beijing Stock Exchange. It also marks the first listing on the Beijing Stock Exchange in Zhejiang Province in 2023, securing a great start to the new year, which is of great significance and inspiring. We sincerely wish Tianhong Lithium Battery to take this listing as a new starting point, ride the wave of the capital market, seize opportunities, refine its operations, and reach new heights, striving to reward shareholders and give back to society with better performance!
Zhang Mei, Deputy General Manager of the Beijing Stock Exchange, delivered a speech via video link, congratulating Tianhong Lithium Battery on its successful listing and extending her best wishes. In her speech, Zhang Mei stated that the company’s successful listing is the result of years of meticulous cultivation by local governments at all levels and an affirmation of the company’s innovative development. She expressed her hope that the company would take the listing as an opportunity to strengthen independent innovation, operate with integrity, and standardize its operations, continuously enhancing its brand image and industry influence, and rewarding investors and society with even better operating performance, thus achieving sustainable, healthy, and high-quality development.
Tianhong Lithium Battery became the first company from Huzhou to be listed on the Beijing Stock Exchange. At the listing ceremony, Jin Kai, Vice Mayor of Huzhou Municipal People’s Government, stated that since its establishment in 2015, Tianhong Lithium Battery has consistently regarded technological innovation as the core driving force for its continuous business development. It has successively obtained product certifications from the EU, the US, Japan, and other regions, and is a national-level specialized and innovative “little giant” company possessing core technologies in lithium battery design and production. Leveraging the capital market to empower transformation and upgrading is of extraordinary significance for both the company’s growth and the regional economic development. Today’s successful listing of Tianhong Lithium Battery on the Beijing Stock Exchange is the best interpretation of the company’s previous unremitting efforts and pursuit of excellence, and also of great significance to the diversification of Huzhou’s capital market sectors.
In her address, Jin Bixia, Deputy General Manager of Shenwan Hongyuan Securities Underwriting & Sponsorship Co., Ltd., the sponsoring institution and lead underwriter, stated that Tianhong Lithium Battery is a national-level specialized and innovative “little giant” enterprise specializing in the R&D, design, assembly, and sales of lithium-ion battery modules. The company boasts significant profitability, advanced management, and broad development prospects. We believe that the successful listing of Tianhong Lithium Battery will undoubtedly bring new development opportunities to the company, new investment opportunities to investors, and new vitality to the capital market.
