On July 2, CZZR Electronic Technology Group successfully landed on the capital market, and the IPO was accepted by Shenzhen Stock Exchange. This time, it plans to raise 637 million yuan to invest in the construction of a power lithium battery mirror tensile steel shell production project, a power lithium battery precision safety structure cap expansion project, and a research and development center construction project.
The expansion project of power lithium battery precision safety structural parts caps is planned to use the production technology independently developed by the company to build 18# caps and 21# structural combination cap production lines in the existing plant to achieve the upgrade and expansion of cap products. After the project is completed, the daily production capacity of 500,000 18# caps and 2 million 21# caps can be formed.
The production project of mirror-stretched steel shells for automotive power lithium batteries intends to use the production technology jointly developed by the company and Japanese experts to increase the density of the shell surface, improve the corrosion resistance, and realize the industrialization of high-quality cylindrical lithium battery steel shells. The construction of this project intends to realize the industrialization of high-quality cylindrical lithium battery steel shells, and when the production capacity is all reached, it is expected to reach 2 million units per day.
CZZR said that after the project is completed and opened, it will significantly promote the expansion and improvement of the company's production capacity, business scale and customer service capabilities, and lay the foundation for future technological growth and technological development.
CZZR is a long-term leading domestic R&D, manufacturing and sales company of cylindrical lithium battery precision safety structural parts. Its main products include power type and capacity type lithium battery combination caps. With more than ten years of unremitting efforts and accumulation in the field of cylindrical lithium batteries, the company has outstanding technology research and development strength, has formed a large scale of production and sales, and has occupied a leading market position.
After more than ten years of technology accumulation and market development, CZZR has grown into an excellent domestic supplier of lithium battery combination caps, especially in the field of cylindrical lithium battery combination caps, and has established a high market share with major high-end and quality customers in the downstream industry A close cooperative relationship. Among the three major lithium battery giants in the world, the company has supplied LG Chem in bulk, and some samples have passed Samsung's technical certification. In addition, the company's main customers include lithium battery industry leaders such as BAK Battery, E-OneMoli, Yiwei Lithium Energy, Lishen Battery, etc., and apply products to JAC, Geely, Dyson, TTI through lithium battery companies Products of other brands. The company has established a stable and long-term strategic cooperation relationship with the above-mentioned lithium battery manufacturers. It has deeply participated in the design, development and production of its products. Through continuous improvement of its own products, it has improved the safety of the use of lithium battery products for downstream customers. China has established a strong brand influence and popularity.
Since its establishment, CZZR has always attached great importance to independent R&D capabilities, and maintained a relatively high R&D investment scale during the reporting period. From 2017 to 2019, it was RMB 22,570,600, RMB 22,592,800, and RMB 16,657,360, respectively, accounting for 6.32 %, 5.90% and 5.93%. As of the signing date of the prospectus, the company has obtained 41 patents, including 2 invention patents and 39 utility model patents. The company's main products all have independent intellectual property rights, mastering the protection including leakage, safety and explosion protection, power failure protection, intelligence Many core technologies, such as quality testing, have the ability to develop multi-model combination cap products.