WND-based high-end equipment manufacturer reports high market value

Wuxi Lead Intelligent Equipment Co, the world leader in the manufacture of lithium batteries, reported 100.3 billion yuan ($15.44 billion) in market value on July 18.

The company made its debut on the Shenzhen Stock Exchange's Growth Enterprise Market on May 18, 2015 with an issue price of 21.21 yuan per share. Its market value was 2.08 billion yuan.

After going public in 2015, the company, based in the Wuxi National Hi-tech District, became the world's largest producer of lithium batteries, manufacturing about 80 percent of iPhone batteries.

The company's closing price hit 64.16 yuan per share on July 8, making it the second listed company in the WND with a market value of over 100 billion yuan, after CR Micro.

The company has expanded its production and business into the new energy industry, including lithium batteries, photovoltaics, 3C, automobiles, hydrogen energy, smart logistics, and lasers.

It has delivered more than 30,000 sets of high-end intelligent equipment and more than 60 complete lines in a variety of types, with an annual production capacity of over 8,000 sets.

The company's R&D investment accounted for more than 10 percent of its total revenue, which amounted to 689 million yuan in 2020. It has obtained more than 1,500 authorized patents thus far.