Fujian Xingyun Electronics Co., Ltd. raised 637 million RMB through a targeted A-share issuance to bolster its energy storage capabilities and market position, aided by CICC as the co-lead underwriter.

Information on the Target

Fujian Xingyun Electronics Co., Ltd. (hereinafter referred to as "Xingyun", stock code: 300648.SZ) has successfully completed a fundraising project through the issuance of A-shares to specific investors, raising a total of 637 million RMB. This capital will primarily be directed towards the development of energy storage systems and the establishment of a manufacturing and testing center for critical battery components. This initiative is designed to enhance Xingyun's existing production capabilities, expand its market scale in manufacturing products such as storage converters, and reinforce its battery testing services, ultimately improving its competitive standing in the market.

As a key player in the smart energy solutions sector, Xingyun leverages advanced testing technology to provide essential components and services widely applied in the production and inspection of lithium batteries. Its offerings are particularly relevant in the realms of new energy vehicles, 3C products, electric tools, and energy storage solutions. Furthermore, Xingyun is strategically positioning itself to cater to the after-sales service market for new energy vehicles and lithium batteries, contributing to the high-quality development of the automotive industry.

Industry Overview in the Target’s Specific Country

The private economy serves as a cornerstone of Fujian Province’s growth, acting as a significant contributor to economic dynamism and vitality. In recent years, the province has introduced strategic