Jinyinhe plans 1.5 billion yuan share sale to expand battery and materials equipment business
Jinyinhe (300619.SZ) announced on September 27 a plan to raise up to 1.5 billion yuan through a private placement of up to 67.86 million A-shares. Funds will finance projects in sodium-ion, solid-state, and lithium battery equipment, silicon-based materials, and organic silicon R&D. The company cited high debt (70.72% ratio) and growing working capital needs. In H1 2026, revenue rose 44.35% to 953 million yuan, with net profit of 15 million yuan, reversing a prior loss.
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Jinyinhe Plans Up to 1.5 Billion Yuan Fundraising to Expand Battery Equipment Business
Jinyinhe (300619) announced on September 27 a plan to issue up to 67.86 million new A-shares to raise no more than 1.5 billion yuan. The funds will be allocated to projects including sodium-ion, consumer lithium, solid-liquid, and new energy storage battery equipment (490 million yuan), dry electrode and solid-state battery equipment R&D (290 million yuan), silicon-based and polymer materials (270 million yuan), organic silicon and rubidium-cesium equipment R&D (100 million yuan), and working capital (350 million yuan). The company aims to upgrade its product matrix from liquid lithium battery equipment to next-generation technologies. The projects have a 36-month construction period, with projected after-tax internal rates of return of 15.49% for sodium-ion battery equipment and 17.72% for silicon-based materials. The controlling shareholder's stake will dilute from 19.06% to 14.66%, but control remains stable. In the first half of 2026, Jinyinhe achieved batch sales of solid-state battery dry electrode equipment and secured a supply order from Jinlongyu for a 2GWh solid-state battery production line in Shenzhen. The company also benefits from a tightening organic silicon market, with prices rising 31% over the past year. Dongxing Securities noted Jinyinhe's entry into solid-state battery equipment and stable organic silicon profits.
Read sourceJinyinhe Plans Private Placement to Raise Up to 1.5 Billion Yuan for Battery Equipment
Jinyinhe (300619.SZ) announced on September 27 that its board of directors approved a 2026 private placement plan to raise no more than 1.5 billion yuan. The funds, after deducting issuance costs, will be used for projects including high-end intelligent equipment for sodium-ion batteries, consumer lithium batteries, solid-liquid batteries, and new energy storage batteries; R&D and construction of dry electrode and solid-state battery intelligent equipment; silicon-based materials and polymer materials construction (Phase I); R&D and construction of organic silicon supercritical physical foaming and metal rubidium-cesium vacuum thermal reduction intelligent equipment; and working capital. The issuance targets no more than 35 specific investors, with the issue price no less than 80% of the average stock price in the 20 trading days before the pricing base date, and the number of shares not exceeding 30% of total shares before issuance.
Read sourceJinyinhe Plans Private Placement to Raise Up to 1.5 Billion Yuan for Battery Equipment Projects
Jinyinhe (300619.SZ) announced on September 27 that its board of directors approved a 2026 private placement plan to raise up to 1.5 billion yuan. The funds, after deducting issuance costs, will be used for several projects including high-end intelligent equipment for sodium-ion batteries, consumer lithium batteries, solid-liquid batteries, and new energy storage batteries; research and development of dry electrode and solid-state battery intelligent equipment; silicon-based and polymer materials construction (Phase I); organic silicon supercritical physical foaming and metal rubidium-cesium vacuum thermal reduction intelligent equipment R&D; and working capital. The issuance targets up to 35 specific investors, with the issue price no less than 80% of the average stock price over the 20 trading days before the pricing benchmark date, and the number of shares not exceeding 30% of the total pre-issuance shares.
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Jinyinhe Plans 1.5 Billion Yuan Share Sale for Battery Equipment, Citing High Debt and Cash Needs
On September 27, Chinese company Jinyinhe announced a board-approved plan to issue shares to raise up to 1.5 billion yuan. The funds will be allocated as follows: 490 million yuan for a project on sodium-ion, lithium, and new energy storage battery high-end intelligent equipment; 290 million yuan for dry electrode and solid-state battery projects; 270 million yuan for silicon-based and polymer materials; 100 million yuan for organic silicon; and 350 million yuan to supplement working capital. The company cited high debt levels, with a consolidated debt-to-asset ratio of 70.72% at the end of the latest reporting period, and growing working capital needs due to a 27.90% revenue increase in 2025 and a surge in orders. The battery equipment project is projected to have a post-tax internal rate of return of 15.49% and a payback period of 9.04 years. For the first half of 2026, Jinyinhe reported revenue of 953 million yuan, up 44.35% year-on-year, and a net profit of 14.996 million yuan, turning around from a loss.
Jinyinhe Plans to Raise Up to 1.5 Billion Yuan to Expand Battery Equipment Business
Chinese equipment manufacturer Jinyinhe announced a private placement plan to raise up to 1.5 billion yuan, with net proceeds allocated to a sodium-ion and lithium battery and new energy storage high-end intelligent equipment industrialization project (490 million yuan), and a silicon-based materials project. The company aims to upgrade its product matrix to cover next-generation technologies including solid-state batteries and consumer lithium batteries. The projects have a construction period of 36 months, with projected after-tax internal rates of return of 15.49% for the battery equipment project and 17.72% for the silicon-based materials project. The issuance will dilute the controlling shareholder's stake from 19.06% to 14.66%, but control is expected to remain stable. Jinyinhe has already achieved batch sales and delivery of solid-state battery dry electrode production equipment in the first half of 2026, and is supplying core equipment for a 2GWh solid-state battery production line project with Jinlongyu. The company is also a domestic leader in organic silicon equipment, a sector benefiting from tightening supply and rising prices, with DMC benchmark price up 31% year-on-year. Jinyinhe returned to profitability in its 2026 half-year report.
Read sourceJinyinhe Plans Private Placement of Up to 1.5 Billion Yuan for Battery Equipment Projects
Jinyinhe (300619.SZ) announced on September 27 that it plans to issue up to 67.8599 million A-shares to no more than 35 specific investors, raising no more than 1.5 billion yuan. After deducting issuance expenses, the proceeds will be fully used for several projects: an industrialization project for high-end intelligent equipment for sodium-ion batteries, consumer lithium batteries, solid-liquid batteries, and new energy storage batteries; a research and development project for dry electrode and solid-state battery high-end intelligent equipment; a silicon-based materials and polymer materials construction project (Phase I); a research and development project for organic silicon supercritical physical foaming and metal rubidium-cesium vacuum thermal reduction high-end intelligent equipment; and to supplement working capital.
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