Iqhwa le-IPO yaseHong Kong: Izinkampani ZaseShayina ZamaBhethri Nezokugcina Amandla ezingaphezu kuka-15 Zifuna Ukufakwa Kuhlu ngo-2026

Ngokwezibalo ezingaphelele ezivela kuBattery Network, kusukela ekuqaleni konyaka, izinkampani eziyi-15 ezahlukahlukene emaketangeni ezimboni zebhethri—kuhlanganise nokugcina amandla, amabhethri amandla, ama-electrolyte, izihlukanisi, kanye namasawoti e-lithium—ziye zaphuthuma izinhlelo zazo zokufakwa ohlwini e-Hong Kong. Lezi zinkampani sezimemezele ngokusemthethweni izinhlelo, zafaka izicelo, zaqedela amafayela, noma zadlula ezilalelweni. Igagasi lokuhlelwa kwemakethe yamasheya yase-Hong Kong, elibonakala ngokuthi "izinkampani ezihamba phambili ziqhuba umkhuba futhi zihlanganisa lonke uchungechunge lwezimboni," luyavuleka ngokuphelele embonini.

Okwamanje, izinkampani ezingaphezu kuka-50 ezifakwe ohlwini emkhakheni webhethri kanye nemboni yamandla amasha seziveze izibikezelo zokusebenza, kanti ezingaphezu kuka-60% zikwazisile ukuthi zithole imiphumela emihle. Izinkampani eziningana sezikhombisile ukuthi umshayeli oyinhloko wokukhula kokusebenza kwazo ukululama okuqhubekayo kwemakethe yebhethri yamandla emhlabeni wonke, ukwanda okukhulu kwesidingo sokugcina amandla, kanye nokwanda okunamandla kwezingxenye ezisencane. Izinkampani ezisemaketangeni webhethri namandla amasha sezibuyele endaweni yokuqala yamathuba okuthuthukiswa, zethula umjikelezo omusha wokukhula okubhekekile.

Phakathi kwazo, idatha yakamuva evela ku-China Automotive Battery Industry Innovation Alliance ibonisa ukuthi ngo-2025, ukuthekelisa kwe-China okuhlanganisiwe kwamabhethri wamandla nokugcina amandla kufinyelele ku-305.0 GWh, ukwanda konyaka nonyaka okungu-50.7%, okubalelwa ku-17.9% yenani eliphelele lokuthengiswa kwaminyaka yonke.

Ngokuya ngesikali sokuthekelisa, idatha yakamuva evela ku-China Industrial Association of Power Sources ikhomba ukuthi inani lokuthekelisa okuhlanganisiwe kwamabhethri e-lithium e-China ngo-2025 belingu-$76.746 billion, ukwanda konyaka nonyaka okungu-25.55%. Umthamo wokuthekelisa okuhlanganisiwe kwamabhethri e-lithium wawuyizigidi ezingu-4.679, ukwanda konyaka nonyaka okungu-19.52%.

Sibheke phambili, "I-White Paper ye-EVTank mayelana nentuthuko ye-China's Lithium-ion Battery Industry (2026)" ibikezela ukuthi ukuthunyelwa kwamabhethri e-lithium-ion emhlabeni wonke kuzofinyelela ku-3,016.3 GWh kanye no-6,012.3 GWh ngo-2026 kanye no-2030 ngokulandelana. Isibikezelo sokuthunyelwa kwemboni emhlabeni wonke ngo-2026 senyuswe ngo-17.3% uma siqhathaniswa nenguqulo ka-2025 ye-white paper, ikakhulukazi iqhutshwa isidingo samabhethri okugcina amandla.

Izibalo zibonisa ukuthi ngo-2025, isamba sama-oda angaphandle ezinkampanini zaseShayina ezilondoloza amandla sifike cishe ku-284.26 GWh, okulingana nezikhathi ezingu-3.49 ubukhulu bamandla amasha omhlaba wonke omusha we-2024. Noma kunjalo, akunakuphikwa ukuthi izinguquko emvelweni yezohwebo yamazwe ngamazwe ezilethwa yimigomo efana ne-U.S. Inflation Reduction Act kanye ne-EU's Net-Zero Industry Act nazo ziyashintsha ngesikhathi esifanayo. Ngenxa yalokho, izinkampani zamabhethri namandla amasha aseShayina ziphoqeleka ukuthi zishintshe kancane kancane kusuka "ekuthengisweni kwemikhiqizo" kuya "ekuthengisweni kwamandla okukhiqiza."

Ngaphansi kwalesi simo, ukusekela ukwakhiwa kwezifemisi zaphesheya kwezilwandle kanye nocwaningo lwezobuchwepheshe, amabhizinisi ebhethri namandla amasha anesidingo esikhulu esingakaze sibonwe samapulatifomu ezimali zamazwe ngamazwe. Njengesiqalo esixhumanisa imali yomhlaba wonke, imakethe yezimali yaseHong Kong ibuyele ngamandla njenge-"dark horse" esikhungweni samazwe omhlaba se-IPO. Imininingwane efanele ibonisa ukuthi ngo-2025, izinkampani eziyi-19 ezifakwe ohlwini lwe-A-share zafika eHong Kong, ukwanda okungu-533% kuqhathaniswa no-2024, ziqonge i-HKD 139.993 billion, okubalelwa ku-50% wezimali ezitholwe yi-IPO yaseHong Kong. Phakathi kwazo, umholi embonini yebhethri namandla amasha i-CATL yaqonge i-HKD 41.006 billion, yaba yesibili emhlabeni jikelele ngokuya ngezimali eziqoqiwe.

Ngo-2026, le ntshikintshi yomdlandla wokufakwa ohlwini eHong Kong iyaqhubeka nokushisa ngamandla amakhulu. Akukhona nje ukuthi inani lezinkampani ezilwela ukuhlelwa kwezimakethe zemali ezimbili "A+H" liyanda njalo, kodwa namandla amasha ahlosile ukufakwa ohlwini eHong Kong ayavela omunye emva komunye. Ngokwezibalo ezingaphelele ezivela kuBattery Network, kusukela ekuqaleni konyaka, izinkampani eziyi-15 ezivela ezingxenyeni ezahlukahlukene zochungechunge lwezimboni zamabhethri—kuhlanganise nokugcinwa kwamandla, amabhethri amandla, ama-electrolyte, izihlukanisi, kanye ne-lithium salts—ziye zaphuthuma izinhlelo zazo zokufakwa ohlwini eHong Kong. Lezi zinkampani sezimemezele ngokusemthethweni izinhlelo, zafaka izicelo, zaqedela amafayela, noma zadlula ezilalelweni. Indlela yokuhlelwa kwezimakethe zamasheya zaseHong Kong, ebonakala ngokuthi "izinkampani ezihamba phambili ziqhuba umkhuba futhi zihlanganisa uchungechunge lonke lwezimboni," iyavuleka ngokuphelele embonini.

Ngomhla ziyi-5 kuJanuwari, i-Penghui Energy (300438) imemezele ukuthi inkampani ihlose ukukhipha amasheya angaphandle abhaliswe (H shares) futhi ifake isicelo sokubhaliswa kwiMain Board ye-The Stock Exchange of Hong Kong Limited (HKEX). Kusukela ngosuku lokumemezela lokhu, ngaphandle kwezinhlinzeko ezihlongozwe ezivunyelwe yile mhlangano, ezinye imininingwane ethile mayelana nalokhu kukhishwa nokubhaliswa azikaphelelwe.

Emsebenzini wokucwaninga ngoDisemba 2025, lapho kuphendulwa imibuzo yabahlanganisi mayelana nohlelo lokukhiqiza lwamanje lwemikhiqizo yabo yokugcina enkulu, iPenghui Energy yathi inkampani okwamanje isisebenza ngamandla aphelele, nohlelo lomkhiqizo oluyinhloko oludlulela kuze kube ingxenye yokuqala yonyaka ozayo; ama-oda amakhulu okugcina aphesheya asesigabeni sokukhula, okukhombisa ukwanda okukhulu uma kuqhathaniswa neminyaka edlule. "Izimvaba eziningi zinikezwa ezindlini, kanti izinhlelo zinikezwa kakhulu phesheya." IPenghui Energy ilindele ukuthi ukukhula kwasekhaya ngonyaka ozayo kufane nokwalonyaka, kanti ukukhula phesheya kuzoshesha kakhulu, kunezinhlelo eziningi zokugcina amandla ohlangothini lomsebenzisi phesheya.

Ngokuhlwa kukaJanuwari 6, iChint Electric (601877) yamemezela ukuthi ukuze ihlangabezane nezidingo zentuthuko yebhizinisi, iqhubekisele phambili isu layo lamazwe ngamazwe, isebenzise ngokuzimisela izimakethe zezimali zamazwe ngamazwe ukwandisa izindlela ezahlukahlukene zokuthola imali, futhi yongeze ukuncintisana okuphelele kwenkampani, ihlela ukukhipha izabelo zaphesheya kwezilwandle (izabelo ze-H) futhi ibhaliswe ku-HKEX. IChint Electric yathi inkampani ixoxa ngomsebenzi othile wokuqhubekisela phambili ukukhishwa nokubhaliswa kwezabelo ze-H nabathintekayo abafanele, futhi imininingwane ayikacaci okwamanje.

Njengomhlinzeki wezixazululo zamandla ahlakaniphile emhlabeni wonke kanye nenkampani engaphansi ye-Chint Group, i-Chint Electric iyibhizinisi elihamba phambili embonini yezinto zikagesi ezingaphansi kwamandla e-China, nebhizinisi layo lokugcina amandla elihlanganisa izimo ezahlukahlukene. Ngokombiko wayo wengxenye yokuqala ka-2025, i-Chint Power (25.880, 2.35, 9.99%) yakha uhlelo oluhamba phambili lwemikhiqizo yobuchwepheshe oluhlanganisa ama-inverter we-photovoltaic nezindawo zokugcina amandla nobuchwepheshe obuyimfihlo obuyinhloko. Iqhubeka nokujulisa ukuhlelwa kwayo kwezinhloso zomhlaba wonke, ngokusebenza okwenziwa ngendawo njengamandla ayinhloko okuqhubekayo, kuthuthukisa ngokuphelele ukuncintisana kwamazwe omhlaba kwamabhizinisi ayo e-photovoltaic inverter kanye ne-energy storage system, futhi kuqhubeke nokuholela ekuthuthukisweni kobuchwepheshe bemboni kanye nokuqanjwa kwezinto ezibalulekile.

Ngokuhlwa kukaJanuwari 8, iHuasheng Lithium (688353) yethule isaziso esithi, ukuze kukhuthazwe ukuhlelwa kwamasu ayo omhlaba, kuthuthukiswe amandla ayo okuqoqa imali kwamanye amazwe, futhi kuthuthukiswe ngokuqhubekayo amandla ayo emali kanye nokuncintisana kwawo wonke, inkampani ihlela ukukhipha izabelo kwamanye amazwe (izabelo ze-H) futhi ibhaliswe ku-HKEX ngokusekelwa isu layo lokuthuthukisa kanye nezidingo zokusebenza.

Ulwazi lubonisa ukuthi iHuasheng Lithium ingumphakeli othuthukile wezithako zokubuyisela amandla ebhethri le-lithium, enomkhiqizo wama-tons angu-14,000 ngonyaka. Imikhiqizo yayo isetshenziswa kabanzi ezimotweni ezintsha zamandla, izithuthuthu zikagesi, amathuluzi amandla, izinsiza zamandla ze-UPS, izinsiza zamandla zesiteshi seselula, iziteshi zamandla ezisebenzisa ilanga, imikhiqizo ye-3C, nezinye izindawo. Le nkampani igcine isikhathi eside indawo yayo ehamba phambili njengomphakeli we-VC ne-FEC, enomkhawulo omkhulu womkhiqizo emakethe yasekhaya yaseShayina. Iphinde ithumele eJapane, eNingizimu Korea, e-United States, eYurophu, eNingizimu-mpumalanga ye-Asia, namanye amazwe nezifunda. Amakhasimende ayo amakhulu ahlanganisa abakhiqizi abadumile bamaketanga emboni yebhethri le-lithium asekhaya nabamazwe omhlaba njengeMitsubishi Chemical, i-BYD (91.810, -0.82, -0.89%), i-Tinci Materials (41.600, -1.81, -4.17%), i-Guotai Huarong, kanye ne-Shanshan Co., Ltd. (13.510, -0.41, -2.95%).

NgoMasingana 9, i-Putailai (603659) yamemezela ukuthi inkampani ihlela ukukhipha izabelo zaphesheya kwezilwandle (ama-H shares) futhi ifake isicelo sokufakwa kuhlu kuBhodi Elikhulu le-HKEX. Kuze kube manje, inkampani ixoxisana ngomsebenzi ohlobene nokukhipha nokufakwa kuhlu kwalawa ma-H shares nabalamuli abafanele, futhi imininingwane ayikakaqedwa.

Ngomhla ziyi-20 kuJanuwari, iPutailai imemezele ukuthi ngokusekelwe ezibalweni zokuqala ezitholwe ngemuva kwedivayisi yezezimali yenkampani, kulindeleke ukuthi inzuzo engenayo ethathwa ngabaphethe izabelo zenkampani ebhaliswe ngo-2025 izobe ingama-RMB 2.3 billion kuya kuma-RMB 2.4 billion, okukhuphuka ngonyaka ngo-93.18% kuya ku-101.58%. Le nkampani ibonise ukuthi ibhizinisi le-wet-process separator kanye ne-coating processing libone ukukhula okukhulu okuhambisanayo emavolumu. Izinga lokuzimela le-base film lenyukile, liqhubeka nokwakha izinzuzo ezihlangene ze "material + equipment + processes." Ukungeniswa kwemikhiqizo emisha ye-base film kanye nezinqubo ezintsha zokufaka iziphakamiso kuhambisane kahle nezidingo zokuthuthukiswa kwemikhiqizo zamakhasimende. Ibhizinisi le-graphite anode material liqinise izinyathelo ezihlukahlukene zokunciphisa izindleko zenqubo, ligxile ezidingweni zamakhasimende ezijwayelekile zemikhiqizo emisha efana nokushaja okusheshayo, impilo ende yokuphila, kanye nekhono eliphezulu. I-silicon carbon anode ingene ekukhiqizeni okukhulu, ibhizinisi liphumelele futhi laphinda lathola, ukusebenza kancane kancane kuthuthuka. Izinto ezisebenzayo ezifana ne-PVDF, PAA, kanye nezinto zokufaka ze-ceramic zibonile ukukhula okusheshayo kokuthengiswa, okuhlinzeka ngempumelelo ekwandeni kokusebenza. Ngendlela yokuhlanganisa imikhiqizo ehlukahlukene kanye nokuhlangana kwezimboni ukuze kuqinise amakhasimende, le nkampani ifinyelele ukuthuthuka okukhulu nokwanda kokwenzayo.

Ngomhla ziyi-19 kuJanuwari, i-Inovance Technology (300124) imemezele izinhlelo zokukhupha ama-H shares nokubhalisela uhlu ku-HKEX ukuze ithuthukise isu layo lokuhweba emhlabeni, ikhulise umthelela wayo womkhiqizo emhlabeni, futhi ivule iziteshi zokuxhaswa.

Kubikwe ukuthi i-Inovance Technology isithuthuke yaba yibhizinisi elihamba phambili ezimbonini zasekhaya, nemikhiqizo ebandakanya izinhlelo ze-servo, ama-PLC, ama-robhoti ezimbonini (18.740, -0.42, -2.19%), kanye nezinhlelo zokudonsa izimoto ezintsha zamandla. Eminyakeni yamuva nje, le nkampani ikhuphule utshalomali emkhakheni wokugcina amandla, iyibeke njenge-"curve yesibili yokukhula." Ngo-2025, le nkampani yethule imikhiqizo eminingi emisha yokugcina amandla futhi yanqoba ama-oda amakhulu. Isisekelo sokugcina amandla sase-Xi'an sibandakanya utshalomali olungaba yi-RMB eyizigidi eziyishumi, nomthamo wokukhiqiza waminyaka yonke ofika ku-50GW, okuyibeka ukuba ibe yifekthri ehamba phambili emhlabeni wonke ye-PCS ezimele yokugcina amandla.

Ngobusuku bangomhla kaJanuwari 21, i-Tianhua New Energy (300390) ikhishile isaziso sithi le nkampani ihlela ukukhipha amasheya angaphandle (H shares) futhi ibhalise ku-HKEX. Okwamanje, le nkampani ixoxa ngomsebenzi othile wokuthuthukisa lo mkhiqizo we-H-share nokubhaliswa nabaphakathi abathintekayo, futhi imininingwane ayikaphelile.

Ulwazi lubonisa ukuthi amabhizinisi amakhulu e-Tianhua New Energy ahlanganisa izinto ezintsha zamabhethri e-lithium, imikhiqizo yobuchwepheshe ye-anti-static ultra-clean, nemikhiqizo yamadivayisi ezokwelapha. Phakathi kwazo, izinto ezintsha zamabhethri e-lithium yizo eziyinhloko. Njengomunye wabakhiqizi abakhulu bezinsalela ze-lithium ezweni, amandla ayo aphelele e-lithium hydroxide kanye ne-lithium carbonate afika ku-165,000 amathani. Njengamanje, inkampani isungule ubudlelwano obuqinile nobungaguquki bokubambisana nabakhiqizi abaningi abahamba phambili bezimoto, abakhiqizi bamabhethri, nabakhiqizi abakhulu bezinto zamakholodi zamabhethri e-lithium, basekhaya naphesheya. Iphinde ibe nokubopha okujulile kwezabelo ne-CATL.

NgoLwesihlanu kusihlwa, mhla zingama-23 kuMasingana, iTgood (28.050, -0.57, -1.99%) (300001) yakhishela isaziso esithi, ukuze kuqhubekiselwe phambili ukuhlelwa kwezinhlelo zenkampani emhlabeni wonke, ukusheshisa ukuthuthukiswa kwebhizinisi phesheya, ukwakha inkundla yokusebenza yemali yamazwe ngamazwe, nokuthuthukisa isithombe sayo somkhiqizo wamazwe ngamazwe kanye namandla ayo aphelele, inkampani ihlela ukukhipha izabelo zakwamanye amazwe (ama-H shares) futhi ifake isicelo sokufakwa ohlwini kwiMain Board ye-HKEX. Inkampani izocubungula ngokuphelele izintshisekelo zabatshalizimali abakhona kanye nezimo zezimakethe zemali zasekhaya nezangaphandle, futhi izokhetha isikhathi esifanele kanye newindi lokukhipha ukuze iqedele lokhu kukhipha nokufakwa ohlwini phakathi nesikhathi sokusebenza kwesinqumo somhlangano wabatshalizimali (okungukuthi, phakathi nezinyanga ezingama-24 kusukela ngosuku lokuvunywa umhlangano wabatshalizimali wenkampani noma ezinye izikhathi ezandisiwe njengoba kuvunyelwene ngazo).

Ulwazi lubonisa ukuthi i-Tgood yasungulwa ngo-2004 yafakwa ohlwini ngo-2009, yaba yinkampani yokuqala ukufakwa ohlwini ku-Growth Enterprise Market (GEM). Le nkampani igxile kakhulu ezindaweni ezintathu: ukukhiqizwa kwezinto zikagesi eziphakeme, inethiwekhi yezinto zokushaja izimoto, kanye ne-microgrid yamandla amasha. Kubalulekile ukusho ukuthi, ngaphansi kwesizinda se-"dual carbon", i-Tgood iphinde yenzele amakhasimende amakhulu ezimbonini ezisebenzisa ibhethri izixazululo zamasistimu kagesi eziphelele. Imikhiqizo yenkampani isetshenziswa kabanzi ekwakhiweni kwamaphrojekthi ezimboni ezisebenzisa ibhethri ezinkampanini ezifana ne-CATL, BYD, EVE Energy (64.200, -1.58, -2.40%), LanKe Lithium, GEM Co., Ltd. (9.470, -0.34, -3.47%), Dofluoride (29.460, -1.68, -5.39%), kanye ne-Shanshan New Materials.

NgoJanuwari 2, i-EVE Energy (300014) yafaka isicelo sesibili kwi-HKEX. Ngalesi sikhathi, inkampani ihlose ukusebenzisa imali engenayo kuphela ekwakhiweni okuqhubekayo kwesisekelo sayo sokukhiqiza eHungary, kanye nemali yokusebenza nezinjongo ezijwayelekile zenkampani, engabandakanyi ukwakhiwa kwesigaba sesithathu sesisekelo sayo sokukhiqiza eMalaysia.

Imibhalo yokufayila ibonisa ukuthi i-EVE Energy ithole ilungelo lokusebenzisa umhlaba endaweni yesisekelo sokukhiqiza saseHungary, futhi iphrojekthi yaseHungary iqale ukwakhiwa, kulindeleke ukuthi iqale ukusebenza ngo-2027, inamandla okukhiqiza angu-30GWh. Imikhiqizo eyinhloko ehlelwe ukukhiqizwa yizibhethri zamandla, ikakhulukazi izibhethri ezinkulu eziyindilinga zochungechunge lwezi-46. Indawo yephrojekthi itholakala ngendlela enamasu eduze nezimboni zamakhasimende amakhulu ezimoto ukuze kuhlangatshezwane kangcono nezidingo zawo, ngaleyo ndlela kuqinise ubudlelwano obuqinile becebo lokubambisana namakhasimende lawo.

NgoJanuwari 4, i-Wanbang Digital Energy Co., Ltd. (ebizwa ngokuthi "Wanbang Digital"), umzali we-Star Charge, yafaka ngokusemthethweni isicelo sokufakwa kuhlu kwi-HKEX, yethula "umkhankaso wayo wesine we-IPO." Nokho, ngokungafani nezinye izikhathi ezintathu ezedlule, i-Wanbang ayizange ifake i-"gas station" i-Star Charge kulolu hlu. Kunalokho, yayithengisile, ihlela ukuba yinhlangano "encishisiwe" esohlwini.

Ngokwedatha ye-Frost & Sullivan, ngokusekelwe kumali engenayo kanye nomthamo wokuthengisa ngo-2024, i-Wanbang Digital Energy ingumhlinzeki omkhulu emhlabeni wezinto zokushaja ezihlakaniphile, ngokuthengisa emhlabeni wonke okudlula amayunithi angu-470,000 ngalowo nyaka. Kuyiphinde kube umhlinzeki wezinto zokushaja ezihlakaniphile e-China ogunyazwe ama-OEM aphezulu omhlaba (njenge-Volkswagen, i-Mercedes-Benz, njll.).

NgoJanuwari 9, i-Shenzhen Yuanxin Energy Storage Technology Co., Ltd. (elandelayo ebizwa ngokuthi "i-Yuanxin Energy Storage") yethule ngokusemthethweni isicelo sokufakwa kuhlu ku-Main Board ye-HKEX, ne-China Merchants Bank International eyenza umxhasi oyedwa. Ngokwedatha ye-Frost & Sullivan, ezingxenyeni ezintathu zokuqala zonyaka ka-2025, i-Yuanxin Energy Storage yengeze u-1.3 GWh wamandla okugcina amandla ezimele, ibeka phambili phakathi kwabahlinzeki bezixazululo ezigcwele zokugcina amandla emhlabeni jikelele. Ngo-2024, ngokusekelwe ekuthunyelweni kwezinhlelo zokugcina amandla, inkampani ibekwe endaweni yesihlanu phakathi kwabahlinzeki bezixazululo ezigcwele zokugcina amandla emhlabeni jikelele ngokuthunyelwa okungu-3.7 GWh.

NgoMasingana 9, i-Yuanxin Energy Storage yaphinde yamemezela ukuqedwa kwezimali zesitoko ezibiza amakhulu ezigidi zerandi. Le mali yokuqala yahanjiswa yisikhungo sokutshala izimali esaziwayo i-Cowin Capital, kanti izikhungo ezifana ne-Zhenghai Capital ne-Zhuoyuan Lantu nazo zafaka izimali ezilandelayo.

NgoJanuwari 12, i-Zhenjiang Bestar New Material Co., Ltd. (efingqiwe: i-Bestar) yafaka isicelo sokufakwa kuhlu e-HKEX, ihlose i-IPO yebhodi elikhulu e-Hong Kong.

Imininingwane ikhombisa ukuthi iBestar iyinkampani egxile emathaleni okuthuthukisa ukusebenza kwe-elektroniki, enesikhundla esiqinile emakethe emikhakheni yokuthuthukisa umsindo, amathaleni e-ceramic ye-elektroniki, ama-adhesives e-elektroniki, kanye namathaleni okuthuthukisa amandla. Phakathi kwabo, ibhizinisi leBestar lamathaleni e-ceramic ye-elektroniki lithathe umholi ekufezeni ukuph breakthroughs kwezobuchwepheshe kanye nokuhlinzeka ngesisekelo emkhakheni wokusebenza kwamathaleni okumboza ama-ultrafine ezokuhlukanisa amabhathri e-lithium amandla amasha. Ngokusho kwezibalo zeFrost & Sullivan ezisekelwe emalini engenayo engxenyeni yokuqala ka-2025, iBestar ibekwe endaweni yesibili emakethe yomhlaba ye-LIB separator coating alumina ceramic materials, enesabelo semakethe esingama-18.1%.

Ngomhla ziyi-12 kuJanuwari, umhlinzeki wesevisi ye-e-bike ohlanganyelwe i-Pinecone Wisdom Inc. (ifushane: Pinecone Wisdom) uthumele isicelo sokubhaliswa ku-HKEX, uhlela ukubhalisela uhlu kuMain Board, kanti i-Huatai International izosebenza njengomxhaso ophakeme. Le nkampani ihlela ukusebenzisa imali etholelwe ukuqinisa ucwaningo nokuthuthukiswa, ukuhlola ukuhweba kwe-e-bike, kanye nokwandisa kwamanye amazwe.

Kufanele kukhunjulwe ukuthi umjikelezo wokugcina wokuxhaswa kwe-Pinecone Wisdom wenzeka ngoNovemba 2025 (umjikelezo we-D+ awuhlanganisanga utshalomali olusha), ngokuhlonza kokutshala imali kufinyelela ku-$996 million, usuku olulodwa kuphela ukusuka esigabeni se-unicorn.

Ngomhla kaJanuwari 15, i-Nanjing Estun Automation Co., Ltd. (efushane "Estun") ithumele isicelo sesibili ku-HKEX.

Ulwazi lubonisa ukuthi ngokusekelwe emgqeni wokukhiqiza oguquguqukayo we-robot, izixazululo zesistimu ye-automation ye-die-casting, kanye nemigqa yokukhiqiza ye-automation yamandla okulawula ugesi, i-Estun ihlanganisa kakhulu izinzuzo zemikhiqizo yayo nochwepheshe ezifana nezilawuli zokunyakaza ze-Trio, izinhlelo ze-AC servo, ama-robot ezimboni, kanye nombono wezimboni. Ihlinzeka imboni yamandla amasha ngemigqa yokukhiqiza ehlakaniphile yokuhlanganisa amamojula/i-PACK ebhethri yamandla esheshayo, enembayo, esekelwe kuma-robot enkampani kanye nezinhlelo zokulawula ukunyakaza, futhi yandisa kakhulu izixazululo zezinhlelo, isungula izindinganiso zobuchwepheshe bemboni kanye nezicelo ezinkulu ukuze izingxenye eziyinhloko ze-automation kanye nemikhiqizo ye-robot yenkampani ingene ngokugcwele embonini yamandla amasha.

Ngokwezibalo ze-MIR, ngo-2024, i-Estun iphinde yaba uphawu lwasekhaya olunemithwalo ephezulu yezirobhothi zezimboni kanye nezirobhothi zezimboni eziningi ezihlanganisiwe eChina, ibeka endaweni yokuqala emithwalweni yezirobhothi zendawo emakethe yaseChina iminyaka eyisixhenxe ilandelana. Ibe nendawo yesibili uma kuziwa emithwalweni emakethe yezirobhothi zezimboni eChina, lapho ingxenye yayo yemakethe iqhubeka nokukhula.

Ngomhla ziyi-19 kuJanuwari, iCadi Scientific (300222) ithumele isicelo sokubhaliswa ku-HKEX, kanti iHuatai International neGuoyuan International zisebenza njengabaxhasi abahlanganyelayo. Ulwazi lukhombisa ukuthi ubhekene namathuba okuthuthukiswa komlando angethulelwe ukuhamba phambili okusheshayo kokwakhiwa kwezinhlelo zamandla ezintsha kanye nokwandiswa okusheshayo kwezimo zokusetshenziswa kwamandla amasha, iCadi Scientific ibeka phambili ukuthuthukiswa kobuchwepheshe obuyinhloko ocwaningweni nasekuthuthukiseni izinhlelo zokuhambisa amandla, ukugcina amandla, ukulawula okuhle kwezimoto, kanye nobuhlakani bokwenziwa ngama "digital energy" kanye "ne-intelligent robot application" njengemithwalo emibili yebhizinisi, idala izimo zokusebenza ezihlanganisiwe zomthombo-ugridi-load-storage.

Ngokwezimemezelo ezivela ku-"Hefei High-tech Release," muva nje, iphrojekthi ye-Cadi Scientific Digital Energy Industrial Base isiqalile endaweni ye-Hefei High-tech, e-Anhui, futhi iqedile ukuthengwa komhlaba. Le phrojekthi inotshalo-mali oluphakathi kuka-RMB 1.5 billion futhi izogxila ekuthuthukisweni nasekukhiqizeni kwemikhiqizo eyinhloko efana nezibambo zokuphuma ezihlakaniphile, izinhlelo zokushaja/ukushintsha, kanye namarobhothi okuhlola ahlakaniphile uma sekuqediwe.

NgoJanuwari 25, i-Lead Intelligent (300450) yaphumelela ukulalelwa ukuze ifakwe ohlwini kwiBhodi Esemqoka ye-HKEX, ne-CITIC Securities (27.860, -0.21, -0.75%) kanye ne-J.P. Morgan esebenza njengezixhaso ezihlangene. Ulwazi lubonisa ukuthi amakhasimende ayinhloko enkampani ahlanganisa abakhiqizi bebhethri abaphezulu emhlabeni wonke nabakhiqizi bezimoto, okuhlanganisa i-BYD, i-LG Energy Solution, i-Tesla, i-Volkswagen, njll. Ngokwedatha ye-Frost & Sullivan, isekelwe emalini etholwe ngo-2024, i-Lead Intelligent ingumhlinzeki omkhulu kunabo bonke emhlabeni wezinto zokusebenza ezihlakaniphile zamabhethri e-lithium, enesabelo emakethe yomhlaba wonke esingu-15.5% nesabelo emakethe yaseShayina esingu-19%.

Ngalolo suku olufanayo, i-Lead Intelligent yamemezela ukuthi ilindele inzuzo yayo yezinkokhelo zango-2025 ezibuyela kubahlanganyeli benkampani efakwe ohlwini ukuthi ibe yi-RMB eyizigidi eziyi-1.5 kuye kwi-RMB eyizigidi eziyi-1.8, ukwanda konyaka kuka-424.29% kuye ku-529.15%. Yathi ukululama kwemakethe yebhethri yamandla emhlabeni wonke kanye nokukhula okuqinile kwesidingo sokugcina amandla, ukuhlanganisa isikhundla sayo esiholayo, ukusheshisa isilinganiso sama-oda nokwamukelwa kokulethwa, kanye nokubuyekezwa kobuchwepheshe obusha kanye nokuncishiswa kwezindleko zedijithali nokuthuthukiswa kokusebenza, kuthuthukise kakhulu inzuzo.

Ngemva kweminyaka yokuthuthukiswa, uchungechunge lwezimboni zamabhethri e-China seluzuze ukuzimela nokulawula zonke izixhumanisi kusukela ezintweni ezibonakalayo kuya ezintweni eziyisisekelo: izabelo zemakethe yomhlaba wonke zamabhethri amandla namabhethri okugcina amandla zidlula u-60% no-90% ngokulandelana; amazinga okuzimela ezintweni ezibalulekile ezifana ne-electrolyte, izihlukanisi, kanye ne-lithium salts athuthuke kakhulu; futhi amandla okusekela kuwo wonke uchungechunge abe avuthiwe kakhulu.

Ngokwesekelwa ukuthi ukufakwa kwemikhiqizo yasekhaya kuyaqhubeka, ukwanda kwezinkampani eziyi-15 ezishiwo ngenhla kwamanye amazwe kuphinde kwabangela ukuthi imakethe ibuze umbuzo obalulekile: Ingabe ingxenye yesibili yentuthuko yemboni yamabhethri namandla amasha aseChina izongena ngokusemthethweni ohambweni olusha lokuthi "ukufakwa kwamazwe omhlaba"?

Ngokungangabazeki, ukuthuthukiswa okukhulu kokufaka esikhundleni kokungenisa kunikeze izinkampani zebhethri zaseShayina ukuzethemba kokubamba iqhaza emncintiswaneni yomhlaba. Ngaphezu kwalokho, ukuthuthuka okukhulu kwezinhlelo zokuhweba eHong Kong ngama-15 ezinkampani zomkhakha ngaphansi kwenyanga eyodwa ekuqaleni konyaka kukhombisa ngokwengeziwe ukusheshisa kokufaka esikhundleni kokungenisa kuya kokufaka esikhundleni kwamazwe omhlaba. Futhi okungaphezu kwalokho, imakethe yezabelo yaseHong Kong, njengendawo ebalulekile ehlanganisa izinkampani zaseShayina nezimali zomhlaba, ayinikezi kuphela iziteshi zokuxhasa izinkampani kodwa futhi ikhuthaza ukusungulwa kokuphathwa kwezinkampani nezindinganiso ezihambisana nezindlela zomhlaba, ibeka isisekelo sokufaka esikhundleni kwamazwe omhlaba.