On April 8th, Infinity Capital's invested company, CZR, Changzhou Wujin Zhongrui Electronic Technology Co., Ltd. (301587.SZ), was listed on the Shenzhen Stock Exchange.

The company's main business focuses on the R&D, manufacturing, and sales of precision safety components for cylindrical lithium batteries. Mr. Yang Xuexin, the chairman and general manager of Zhongrui Shares, stated in his speech at the scene that since its establishment in 2001, Zhongrui Shares has always deeply implemented an innovation-driven development strategy. Adhering to the initial intention and forging ahead, the company holds onto the development concept of making products safer and more reliable, dedicated to providing domestic and foreign customers with more efficient and advanced solutions. The company will continue to adhere to its original aspiration and forge ahead, maintaining a responsible attitude towards customers and investors, continuously enhancing its innovative research and development strength, continuously optimizing product solutions, improving corporate operational capabilities, and striving to achieve new breakthroughs and leaps in the high-quality development of Zhongrui Shares. Zhongrui's products are widely used in end-markets such as new energy vehicles, smart homes, electric tools, and energy storage, contributing to the development of China's new energy industry. Customers include LG Energy Solution and Lishen Battery, among others.

Statistics show that the company issued a total of 36.832 million shares this time, of which 14.949 million shares were issued online, at an issue price of 21.73 yuan/share, with an issuance P/E ratio of 18.79 times, compared to the industry average P/E ratio of 23.61 times. The IPO raised a total of 800 million yuan, mainly allocated to projects such as precision structural parts for power lithium batteries and the construction of R&D centers. On the day of listing, Zhongrui Shares opened at 40.14 yuan and closed at 37.75 yuan, an increase of 73.72% from the issue price; based on the closing price, the company's market value was 5.562 billion yuan.

Infinity Capital completed its investment in Zhongrui Shares in December 2018. The project investment manager stated that Zhongrui Shares is an industry-leading manufacturer of safety structural components for cylindrical lithium batteries, driven by innovation, mastering core technologies of lithium battery precision safety structural components, with rigorous manufacturing processes, and industry-leading in product performance, consistency, and stability. The company's products are positioned in the mid-to-high end. The company's listing is just the beginning, looking forward to Zhongrui's new development and breakthroughs in the future.

The person in charge of Infinity Capital expressed that the listing of Zhongrui Shares marks the gradual harvesting period of Infinity's investment in the broadly laid-out new energy sector. Following this, Infinity Capital will continue to closely follow the national dual-carbon strategy, injecting continuous momentum into the development of new productive forces.