Abstract: Hunan Yuneng, a lithium iron phosphate cathode material supplier, is seeking an A+H listing. CSC and HSBC are the joint sponsors. We look at the company's core business, lithium iron phosphate cathode materials for power batteries and energy storage batteries. We discuss our preliminary thoughts on the company's valuation based on the A-H premium.
HUNAN YUNENG NEW ENERGY BATTERY MATERIAL, CATL, SHENZHEN DYNANONIC, HUBEI WANRUN NEW ENERGY TECHNOLOGY, JIANGSU LOPAL TECH, FULIN PRECISION, GUANGZHOU TINCI MATERIALS TECHNOLOGY, SHENZHEN CAPCHEM TECHNOLOGY, CNGR ADVANCED MATERIAL, Ningbo Ronbay New Energy, SHENZHEN SENIOR TECHNOLOGY MATERIAL, POSCO FUTURE M, L&F, ECOPROBM, LOPAL TECH, SENIOR MATERIAL, GANFENG LITHIUM, GANFENGLITHIUM, BYD
Research on Hong Kong and A+H equity offerings, from the first filing to the aftermarket. Coverage includes pre-IPO early thoughts on the business and valuation, analysis of the final deal terms and cornerstone investors, and updates as new prospectus versions are filed.
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