Hydrogen unicorn enterprise Dongyue Hydrogen Energy launched IPO. On September 13, Dongyue Future Hydrogen Energy Materials Co., LTD. (referred to as "Dongyue Hydrogen Energy") handled the guidance registration in the Securities Regulatory Bureau, and the guidance agency was CITIC Construction and Investment, opening the listing journey.
According to the official website, Dongyue Hydrogen Energy was founded in 2017, relying on the Dongyue Group fluorine silicon material industrial park and the complete "fluorine, silicon, film, hydrogen" industrial chain and industrial cluster supporting support, master a large number of global advanced technology, has achieved a series of independent innovation results.
It is understood that Dongyue Hydrogen Energy has a total of two factories in the north and south, the southern area is 1.5 million square meters of fuel cell proton film production plant, composed of comprehensive research and development center and international advanced standardized film workshop; North for fuel cell proton membrane supporting project, in order to provide the whole industry supporting high-tech key materials.
After more than 20 years of scientific research, Dongyue Hydrogen Energy has formed a whole industrial chain from raw materials, intermediates, monomers, polymers to film forming technology and functionalization technology. Dongyue Hydrogen Energy's flagship product, high-performance fuel cell proton membrane, has passed Mercedes-Benz's 6000 hours of testing, and its technology is at the industry-leading level. Other products with excellent performance, are widely used in chemical, electronics, medicine, agriculture, automotive, semiconductor, new energy and other important fields, while with many downstream leading enterprises to establish a close industrial cooperation.
The guidance record report shows that Dongyue Hydrogen Energy signed a guidance agreement with CITIC Construction and Investment on September 8 this year. In terms of shareholding structure, Dongyue Hydrogen Energy has no controlling shareholders at present.
It is worth noting that Dongyue Hydrogen Energy is still a "unicorn". In the cultivation and identification of gazelle and unicorn enterprises in Shandong Province in 2022 organized by Shandong Industry and Information Technology Department, a total of 4 "unicorn" enterprises were selected, and Dongyue Hydrogen Energy was one of the selected enterprises. In the "China Unicorn Enterprise Research Report 2023" released by Great Wall Strategy Consulting in June 2023, 14 enterprises in Shandong Province were listed on the list of Chinese unicorn enterprises, and Dongyue Hydrogen Energy was also listed among them.
In addition to Dongyue Hydrogen Energy, there are a number of hydrogen energy enterprises in China to rush to IPO. Jiehydrogen Technology and Zhongding Hengsheng have submitted IPO applications, and Guofu Hydrogen Energy has restarted listing guidance.
Among them, Jiehydrogen Technology was accepted for listing on the Science and Technology innovation board in June 2022 and intends to raise 1.06 billion yuan. So far, Jethydrogen Technology has responded to two rounds of inquiries from the exchange. Founded in 2018, Jethydrogen Technology focuses on research and development, production and sales of fuel cell stacks, systems and core components. In terms of equity structure, Jethydrogen Technology was spun off from SAIC. Saic holds a total of 68.31% of the shares of Jiehydrogen Technology, which is one of the indirect controlling shareholders of the company, and the Shanghai SASAC is the actual controller of the company.
Zhongding Hengsheng's GEM IPO was accepted in May this year. The main business of Zhongding Hengsheng is the research and development, production and sales of diaphragm compressors and their core parts. The diaphragm compressors produced by the company are mainly used in hydrogen and special gas preparation and filling, chemical industry, hydrogen refueling station, military industry and nuclear power. In this IPO, Zhongding Hengsheng intends to raise 1.003 billion yuan. Up to now, Zhongding Hengsheng is still responding to exchange inquiries.
Guofu Hydrogen Energy chose to sprint the science and technology innovation board, but eventually withdrew the IPO, and is now restarting the listing guidance. Guofu Hydrogen Energy is a professional engaged in the design, manufacturing and technical services of hydrogen energy "storage, transportation and use" equipment, and is a leading domestic hydrogen energy equipment industry chain overall solution supplier. In June 2022, Guofu Hydrogen Energy disclosed the IPO prospectus of the Science and Technology board, intending to raise 2 billion yuan, but withdrew the IPO in November of the same year. In March this year, the national rich hydrogen energy completed the guidance and filing work in the Securities Regulatory Bureau and restarted the listing.
In fact, the equity financing and IPO of hydrogen enterprises have continued to be encouraged by policies in recent years. In March last year, the National Development and Reform Commission and the National Energy Administration jointly issued the "Medium and Long-Term Plan for the Development of Hydrogen Energy Industry (2021-2035)", which clearly pointed out that industrial investment funds and venture capital funds are encouraged to support hydrogen innovative enterprises in accordance with market-oriented principles, and promote the transfer and transformation of scientific and technological achievements. Support qualified hydrogen energy enterprises in the science and technology innovation board, GEM and other registered listing financing.