ECM

Putailai (璞泰来) A+H Pre-IPO: Early Thoughts

01 Oct 2026 By Ke Yan, CFA
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Abstract: Putailai, a lithium-ion battery materials and equipment supplier, is seeking an A+H listing. CICC is the sole sponsor. We look at the company's core segments: battery key materials and battery automation equipment. We discuss our preliminary thoughts on the company's valuation based on the A-H premium.

Putailai New Energy (603659 CH) Wuxi Lead Intelligent (300450 CH) SHENZHEN SENIOR TECHNOLOGY MATERIAL (300568 CH) HUNAN ZHONGKE ELECTRIC (300035 CH) SK ie technology (361610 KS) Asahi Kasei (3407 JP) POSCO FUTURE M (003670 KS) Kureha (4023 JP) AKE FP (AKE FP) SYENS BB (SYENS BB) SENIOR MATERIAL (6067 HK) JIANGSU LOPAL TECH (603906 CH) LOPAL TECH (2465 HK) WUXI LEAD (470 HK) CATL (300750 CH) CATL (3750 HK)

Highlighted Stocks

Putailai New Energy, Wuxi Lead Intelligent, SHENZHEN SENIOR TECHNOLOGY MATERIAL, HUNAN ZHONGKE ELECTRIC, SK ie technology, Asahi Kasei, POSCO FUTURE M, Kureha, AKE FP, SYENS BB, SENIOR MATERIAL, JIANGSU LOPAL TECH, LOPAL TECH, WUXI LEAD, CATL, CATL

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