Taijin New Energy (688813.SH) held its 2025 annual general meeting on June 29, its first AGM since listing on March 31, 2026, with institutional and retail shareholders focusing on high-end copper foil equipment, AI supply-chain orders and the pace of capacity ramp-up, according to Jiemian News. Wind data show the stock was priced at 26.28 yuan per share in its IPO and closed at 49.47 yuan on its first trading day; it later rose to an intraday high of 249.44 yuan on June 25 and ended June 29 at 211.99 yuan.
The company said it sells copper-foil production equipment and consumables rather than producing PCB or copper foil itself, and noted that customer and order details for its surface-treatment equipment are subject to disclosure rules. Financially, Taijin reported 2023-2025 revenue of 1.669 billion yuan, 2.194 billion yuan and 2.395 billion yuan, with net profit attributable to shareholders of 155 million yuan, 195 million yuan and 204 million yuan; in Q1 it posted revenue of 486 million yuan, down 30.08% year on year, and net profit of 54.22 million yuan, down 34.19%. Taijin said revenue recognition typically takes about 12 months, and some capacity from IPO-funded projects is expected to start coming online gradually in Q1 next year.
Taijin New Energy Shares Surge After IPO as Investors Focus on AI-Related Copper Foil Equipment
2026-06-30 09:59:01
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