AISWEI to File for IPO and to Be Listed on Sci-Tech of SSE

PVTIME – AISWEI, the holding company of Solplanet, announced its proposal to go public and be listed on the Sci-Tech Innovation Board of the Shanghai Stock Exchange.

According to AISWEI, the number of shares to be issued this time will not exceed 37,318,841,000 shares and will not be less than 25% of the total number of shares of the company after the completion of this offering. It is expected to invest 1.5 billion yuan in the fundraising, of which 539 million yuan will be used for the production project of intelligent photovoltaic inverters and other energy management system products, 313 million yuan for the Shanghai R&D centre upgrade project, 198 million yuan for the global marketing network construction project and 450 million yuan for additional working capital.

As a leading R&D and manufacturing company focusing on clean energy and providing a broad portfolio of photovoltaic inverter products, hybrid inverter products, EV charger and intelligent energy management system, AISWEI achieved operating revenue of 788 million yuan, 981 million yuan and 2.15 billion yuan in 2020, 2021 and 2022 respectively. And its net profit attributable to parent company of 21.873 million yuan, -4.627 million yuan and 104 million yuan in 2020, 2021 and 2022 respectively.

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