On October 15, Zhuhai Guanyu (688772.SH) boarded GG at a price of 14.43 yuan per share, and the share price jumped more than 170 percent at one point. As of midday, Zhuhai Guanyu was up 148.3 percent at 35.83 yuan, with a market capitalization of 40.2 billion yuan. Zhuhai Guanyu Chairman Xu Yanming's stake has a market value of more than $1 billion, and a lithium-ion battery billionaire has been added to the country! This time, Zhuhai Guanyu raised 2,247 million yuan through the IPO, net of the issuance fees to raise 2.104 billion yuan. It is reported that the fund-raising plan for Zhuhai polymer lithium battery production base construction project, Chongqing lithium battery core packaging production line project, research and development center upgrade construction project and supplementary working capital.

The company said that through the implementation of the above-mentioned projects, the company will enhance research and development in the automotive start-stop system, PHEV power battery and BEV power battery and other fields, committed to the above-mentioned products on high safety, high power performance, high environmental adaptability, high-precision control technology and low-cost research and development. At the same time, actively carry out energy storage with long-life batteries, high-energy density batteries, low-temperature charge batteries, fast-charged batteries and low-cost batteries and other research, will be the company's future power and energy storage products to lay a solid technical foundation for large-scale applications.

Official data show that Zhuhai Guanyu was founded in 2007, the main products are polymer soft-pack lithium-ion batteries, according to downstream applications can be divided into consumer lithium-ion batteries and power lithium-ion batteries. From 2018 to 2020, consumer lithium-ion batteries will be the company's main product, accounting for more than 99.5% of the company's main business revenue. Among them, consumer lithium-ion batteries used in laptops, tablets and smartphones account for more than 95% of the revenue of the main business, is the company's core revenue source.

According to Techno Systems Research, Zhuhai Guanyu's lithium-ion battery market share will be 23.67 percent in 2020, the second largest in the world, and the company's smartphone lithium-ion battery market share will be 7 percent, ranking fifth in the world. At present, the company has with HP, Lenovo, Dell, Asus, Acer, Microsoft, Amazon and other notebook and tablet manufacturers, Huawei, OPPO, Xiaomi, Motorola, ZTE and other smartphone manufacturers, as well as Dajie, BOSE, Facebook and other drones, smart wearers to establish a long-term and stable cooperative relationship, and has entered the Apple, Samsung, VIVO and other manufacturers of the supply chain system.

According to the prospectus, Xu Yanming was born in 1966, with a master's degree, is currently the chairman, general manager and core technical personnel of the company, and has served in Harbin Radio Nine Factory, Harbin Sun Day Battery Industry Co., Ltd., Harbin Guangyu Power Co., Ltd., Hangzhou Golden Energy Technology Co., Ltd., Shenzhen Bik Battery Co., Ltd., Harbin Jiatai Technology Development Co., Ltd., etc.; Prior to this issue, Xu Yanming was the actual controller of the company. After the completion of this issue, Xu Yanming is still the actual controller of the company.

At present, the major lithium battery enterprises are stepping up capacity expansion to cope with the growing market demand. At the same time, many consumer-grade battery manufacturers are also actively expanding to new energy vehicle power batteries, in order to get more opportunities and greater growth space. The IPO, Zhuhai Guanyu not only obtained a more abundant capital reserves, but also made chairman Xu Yanming's fortune soar, among the ranks of billionaires.