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Jiangbang High-Tech is going public in Hong Kong, with investments from Saudi Aramco and JinkoSolar, which involves a risk of client concentration.
Another company in the photovoltaic Battery Industry Chain has gone public. According to Glonghui, recently, Jianbang High-tech Co., Ltd. (referred to as 'Jianbang High-tech') submitted its prospectus to the Hong Kong Stock Exchange, intending to list on the Main Board, with China Securities Co., Ltd. as its exclusive sponsor. Jianbang High-tech's silver powder products are primarily used in the production of photovoltaic Silver paste (a key raw material for producing photovoltaic Batteries), with expected revenue of nearly 4 billion yuan in 2024. However, there are concerns regarding its low gross margin and dependence on a few major customers, and the photovoltaic silver powder industry it operates in carries certain risks of overcapacity. In ShanDong, an IPO has emerged, with Saudi Aramco and JinkoSolar investing in the headquarters of Jianbang High-tech.
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100 billion : Same company