Zhongrui shares will soon launch IPO, raising 895 million yuan

Zhongrui Shares will open the GEM IPO subscription on March 25, with an initial public offering of 36.83201 million shares at an issue price of 21.73 yuan per share. The company focuses on the research and development and manufacturing of precision safety structural parts for lithium batteries. Its main products include power and capacity lithium battery combination caps, cylindrical steel shells, etc. According to data from the Starting Point Research Institute (SPIR), the sales volume of Zhongrui Shares' combination cap products accounted for 15.33% and 15.75% of the global cylindrical lithium battery shipments in 2021-2022, respectively. The IPO plans to raise 895 million yuan, mainly for the construction of power lithium battery precision structural parts projects and R&D center construction projects.