Soochow Securities Co.Ltd(601555)
About Farasis Energy (Gan Zhou) Co.Ltd(688567) (Ganzhou) Co., Ltd. issuing A-Shares to specific objects in 2021
of
Listing recommendation
(Second Revision)
Sponsor (lead underwriter)
(registered address: No. 5, Xingyang street, Suzhou Industrial Park)
February, 2002
catalogue
catalogue Sponsor and sponsor representative statement 1 2 interpretation 3 I. Basic information of the issuer 4. II. This issuance 19 III. information about the sponsor representatives, CO sponsors and other members of the project team, including personnel names, practice of sponsor business, etc 22 IV. interests and main business transactions between the recommendation institution and its related parties and the issuer and its related parties 23 v. commitments of the sponsor 24 VI. decision making procedures performed by the issuer 24 VII. Specific arrangements for the issuer’s continuous supervision after the listing of Securities VIII. Recommendation conclusion of the sponsor on the project 25 IX. contact address, telephone number and other means of communication of the recommendation institution and relevant recommendation representatives twenty-six
Statement of recommendation institution and recommendation representative
Soochow Securities Co.Ltd(601555) and the sponsor representatives of this project, Shen Xiaozhou and Zhang Dongliang, in accordance with the company law of the people’s Republic of China, the securities law of the people’s Republic of China and other laws and regulations, as well as the relevant provisions of the CSRC and the Shanghai Stock Exchange, are honest, trustworthy, diligent and responsible, and issue this listing recommendation letter in strict accordance with the business rules and industry self-discipline norms formulated according to law, And ensure the authenticity, accuracy and completeness of the listing recommendation.
interpretation
In this listing recommendation letter, unless the context otherwise requires, the following words have the following meanings: Farasis Energy (Gan Zhou) Co.Ltd(688567) / issuer / company / this refers to Farasis Energy (Gan Zhou) Co.Ltd(688567) (Ganzhou) Co., Ltd
Yu Wang refers to Yu Wang, one of the actual controllers of the company
Yu Wang
Keith refers to Keith D. Kepler, one of the actual controllers of the company
CSRC / CSRC refers to the China Securities Regulatory Commission
Shanghai Stock Exchange / stock exchange / stock exchange refers to Shanghai Stock Exchange
Company Law refers to the company law of the people’s Republic of China
Securities Law refers to the securities law of the people’s Republic of China
The measures for the administration of registration refer to the measures for the administration of securities issuance registration of companies listed on the science and Innovation Board (for Trial Implementation)
The general meeting of shareholders refers to the general meeting of shareholders of Farasis Energy (Gan Zhou) Co.Ltd(688567) (Ganzhou) Co., Ltd
Board of directors refers to the board of directors of Farasis Energy (Gan Zhou) Co.Ltd(688567) (Ganzhou) Co., Ltd
This issuance refers to the issuance of A-Shares by Farasis Energy (Gan Zhou) Co.Ltd(688567) (Ganzhou) Co., Ltd. to specific objects in 2021
A shares refer to ordinary shares issued in China, listed on domestic stock exchanges and subscribed and traded in RMB
Funeng USA means farasis energy USA, Inc
Funeng Europe means farasis energy Europe GmbH
Daimler means Daimler AG
Beijing Benz refers to Beijing Benz Automobile Co., Ltd
BAIC group / BAIC refers to BAIC Motor Group Co., Ltd
Shanghai ruimg refers to Shanghai ruimg New Energy Technology Co., Ltd
Soochow Securities Co.Ltd(601555) / sponsor / sponsor refers to Soochow Securities Co.Ltd(601555) institution / lead underwriter
The last three years / reporting period refers to 2018, 2019, 2020 and January September 2021
Yuan, 10000 yuan and 100 million yuan refer to RMB yuan, 10000 yuan and 100 million yuan
If there is any discrepancy between the total number and the mantissa of the sum of the itemized values in this listing recommendation letter, it shall be caused by rounding.
(I) overview of the issuer
Issuer name Farasis Energy (Gan Zhou) Co.Ltd(688567) (Ganzhou) Co., Ltd
English Name: farasis energy (Gan Zhou) Co., Ltd
Date of establishment of the company: December 18, 2009
Date of establishment of the joint stock company May 31, 2019
Listing time: July 17, 2020
The registered capital is 107066968500 yuan
Shanghai stock exchange where the shares are listed
Stock abbreviation Farasis Energy (Gan Zhou) Co.Ltd(688567)
Stock Code: 688567
Legal representative: Yu Wang (Wang Xuan)
Secretary of the board of directors Zhang Feng
Address: North of Jinling West Road and west of Caidie Road, Ganzhou economic and Technological Development Zone, Jiangxi Province
Tel: 0797-7329849
Fax: 0797-8309512
Website: www.farasis.com com.
E-mail [email protected].
Business scope: the issuer’s business scope: R & D, production and sales of lithium-ion battery and module system, battery module management system, charging system and other electric vehicle energy storage and management systems; R & D, production and sales of motor, driver, high-power power IC, power electronic components and other drive motors and control modules; R & D, production and sales of electric vehicle transmission system, electric air conditioning system, electric steering system, electric braking system, power generation system, power conversion system and other electric vehicle auxiliary systems; And other lithium battery products and related products.
R & D, production and sales of lithium battery anode and cathode materials, electrolyte, diaphragm paper, etc; Research, development, production and sales of recycling and reuse of waste lithium batteries. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
(II) main business of the issuer
Farasis Energy (Gan Zhou) Co.Ltd(688567) since its establishment, it has been focusing on the R & D, production and sales of lithium-ion power batteries and vehicle battery systems for new energy vehicles, and providing overall solutions for power batteries for new energy vehicle enterprises. The company is one of the first enterprises to establish the ternary chemical system and soft pack power battery structure as the direction of power battery R & D and industrialization. It is also the first batch of enterprises in China to realize the mass production of ternary soft pack power battery. The founding team of the company has been engaged in the technical research and development of power battery products since 1997. It has been deeply engaged in the power battery industry for 20 years. It is one of the earliest technical teams in the world engaged in the development of lithium-ion power batteries for new energy vehicles. The company’s R & D team has long carried out strategic cooperation with scientific research institutes, well-known enterprises and top experts in the global lithium-ion power battery industry. The cooperation units include Argonne National Laboratory, Berkeley Lawrence National Laboratory, BASF, DuPont, 3M, etc, Cooperation experts include Michael M. Thackeray, Jeff Dahn and other top experts in the world’s most influential lithium-ion power battery industry. By integrating innovative resources in the field of global lithium-ion power batteries, the company’s technical capacity has always maintained an international leading level.
The company’s ternary soft pack power battery products have excellent performance and have the advantages of high energy density, good safety performance, long cycle life, fast charging speed and strong temperature adaptability. The company has mass produced cell products with energy density of 285wh / kg, and the product performance is at the leading level in the industry all over the world. During the reporting period, the company’s R & D team has developed and verified the next generation electric vehicle battery with an energy density of 330wh / kg. The technology can still provide 90% capacity at minus 20 ° C and can be applied all over the world. In addition, the company won the “American uscar 2020 Team Achievement Award”, and the technology has passed the relevant third-party certification in the United States. The company’s ternary soft pack power battery products have excellent performance and have the advantages of high energy density, good safety performance, long cycle life, fast charging speed and strong temperature adaptability. The company has established long-term cooperative relations with a number of high-quality vehicle enterprises at home and abroad, and continues to provide services for Daimler, GAC, Geely, togg, Dongfeng, Jiangling The electric vehicle platforms of great wall and other customers provide high-quality power battery products, covering multiple models of the above customers.
During the reporting period, there was no significant change in the issuer’s main business.
(III) core technology of the issuer
Since its establishment, the issuer has owned the core technology of the whole industry chain from raw materials, electric cells, battery modules, battery management system, battery pack system, production process and automatic production equipment. It has advanced production, manufacturing and quality management capabilities of lithium-ion power batteries, and has formed 20 key core technologies. The advanced technology of the company’s core technology is directly reflected in the performance and advanced nature of the company’s power battery products.
(IV) R & D level
The company adheres to the technology development idea of “putting into production, reserving and developing”, adopts the international technology development mechanism through independent research and development and external cooperation, and cooperates with global scientific research institutes and well-known enterprises in a long-term strategic cooperation with China, the United States and Germany, so as to continuously strengthen R & D investment and maintain the continuous leading technology.
Farasis Energy (Gan Zhou) Co.Ltd(688567) since its establishment, it has continuously adhered to independent technological innovation and regarded technology as the top priority of the company’s development strategy. Through long-term technical precipitation in the power battery industry, international research and technology development mode, and continuous R & D and talent investment, the company maintains its technical competitiveness in the global power battery industry. 1. Adhere to the international R & D mode and increase R & D investment
The company has always been positioned in the international technology development mechanism. The Farasis Energy (Gan Zhou) Co.Ltd(688567) Research Institute carries out China’s core technology development and customer product technology development, maintains the technology leadership of the company’s mass-produced power battery products in the industry, and provides scheme design and scheme upgrading for customers at home and abroad; Funeng USA inherits the R & D system of the former American Funeng, develops the cutting-edge technology of power battery, provides technical support for the development of Chinese products, reserves the next generation of power battery technology, and ensures that the company always has the leading edge in technology; Funeng Europe will carry out the product technology development of supporting complete vehicles in Europe and around the world, so as to ensure that the company undertakes international customer projects. At the same time, the company has always insisted on increasing R & D investment to ensure that the company can build a high-level and international R & D platform with sufficient R & D investment.
2. Adhere to the industry’s cutting-edge technology reserve
The technical innovation and technical iteration of the power battery industry are rapid. With the deep cultivation of the industry technology, the company has always maintained the R & D advantage of cutting-edge technology. The company takes cutting-edge technology reserve as an important part of the company’s development strategy. By undertaking foreign government projects, customer projects and independent research and development, the company actively arranges the next-generation battery technology, mainly including the development of high specific energy and high safety solid-state battery, 400wh / kg high-energy density power battery cell technology, surface coating technology of positive material, high-capacity silicon carbon negative electrode technology Lithium source material and its stabilization technology, battery material direct recovery technology, etc.
3. Integrate global innovation resources and carry out basic research, application research and process research in echelons
The company has an international R & D team. The technical team with founders Yu Wang and Keith as the core is deeply engaged in the lithium-ion battery industry. It is one of the top technical teams in the global industry. At the same time, the company’s R & D team has long carried out strategic cooperation with scientific research institutes, well-known enterprises and international top experts in the global lithium-ion power battery industry. The cooperation units include Argonne National Laboratory, Lawrence National Laboratory, Tsinghua University, Berkeley University, Stanford University, BASF, DuPont, 3M company, etc, Cooperation experts include Michael M. Thackeray, Jeff Dahn and other top experts in the world’s most influential lithium-ion battery industry.
Through external cooperation and internal innovation, the company has established an echelon R & D system: through cooperation with national laboratories and relevant universities, the company continues to carry out scientific research on the basic theory of power battery; Through cooperation with relevant enterprises in the industrial chain, the company focuses on forward-looking product development research; Through internal independent innovation, the company mainly carries out research on product technology and technology. Through the above methods, the company’s R & D system covers multiple dimensions such as basic science, product application R & D and process development, so as to consolidate and maintain the company’s leading technology advantage.
4. Establish a sound incentive mechanism and scientific research personnel training system
In order to ensure the incentive mechanism for the company’s R & D talents, effectively promote the progress of the company’s R & D work and stimulate the enthusiasm of talents for technological innovation, the company has established a perfect incentive mechanism to reward the innovative achievements of R & D personnel through patent award and performance award, and encourage core technical talents through stock incentive. At the same time, the company has established a hierarchical talent training system to ensure the construction of the company’s talent echelon and train talents for the company’s technological innovation through internal training and external communication
