Tianke Heda completes pre-IPO financing with a valuation of 18 billion

At the end of 2022, Tianke Heda completed pre-IPO financing with a valuation of 18 billion. On March 10, 23, the Institute of Physics of the Chinese Academy of Sciences listed 9.588 million shares, accounting for 1.89% of the total share capital, on the Beijing Equity Exchange. The transfer floor price was 360 million yuan. Tianke Heda was valued at 19 billion and was completed on May 8, 23. The equity structure of Tianke Heda is Tianfu Group holding 11.6%, Tianfu Energy holding 9.1%, the Chinese Academy of Sciences Institute of Physics 5.6%, CATL 4.7%, the National Fund 3.7%, Hillhouse Capital 3.5%, Huawei Hubble 3.5%, and BYD, etc. Tianke Heda's revenue in the second half of 2023 exceeded the 1 billion yuan mark for the first time. As of December 31, 2023, Tianke Heda's annual revenue has exceeded 1.5 billion yuan. Tianke Heda's revenue in 2023 will be about 62 times that of 2017 and about 9.6 times that of 2019. In 2019, Tianke Heda's operating income was 155 million yuan.