Entering the Meta supply chain! AI computing power storage manufacturer Anshi Technology's Growth Enterprise Market IPO has been accepted

According to Zhitong Finance APP, on June 8th, Shenzhen Anshi New Energy Technology Co., Ltd. (referred to as: Anshi Technology) has had its IPO accepted on the Shenzhen Stock Exchange's Growth Enterprise Market. Guolian Minsheng Securities is its sponsor, aiming to raise 1.21831 billion yuan.

The prospectus shows that Anshi Technology's products mainly consist of lithium battery modules, lithium battery systems, and other battery products. The company's business focuses on three core areas: backup power for data centers, energy storage, and industrial power, primarily providing backup battery products for enterprise computer rooms, data centers, and AI computing power centers, energy storage battery products for households, commercial and industrial users, and industrial power battery products for equipment such as construction machinery and medical vehicles.

Currently, the company offers three types of backup battery system solutions to customers: UPS battery systems, rack power low-voltage BBU, and HVDC BBU.

According to data from Mordor Intelligence, the global UPS equipment market is expected to reach USD 12.81 billion by 2026 and USD 15.72 billion by 2031, with a compound annual growth rate of 3.58% from 2026 to 2031. Driven by the rapid development of the UPS equipment industry, the global UPS battery system market is also steadily growing. According to Technavio's data, the market size of UPS battery systems used in the data center industry is expected to grow to USD 8.38 billion by 2029, with a compound annual growth rate of 6.8% from 2024 to 2029.

Currently, BBU has been applied in Meta and Google's data centers and AI computing power centers, gradually replacing traditional UPS as the backup power solution for AIDC. According to Omdia's forecast, the penetration of the BBU market will continue to increase over the next five years, but it will not completely replace UPS. According to the GGII report, the global BBU backup battery market is expected to be around 3.5 billion yuan in 2025, with rapid growth anticipated to reach 35 billion yuan by 2030, expected to grow at a rapid compound annual growth rate of 58.5% from 2025 to 2030.

According to a J.P. Morgan report, the company is one of the few BBU suppliers currently entering the supply chains of leading global cloud service providers like Meta in mainland China, confirming the company's technical strength and customer recognition in the AI computing infrastructure field Anshi Technology's business primarily targets overseas markets. Currently, the company's products have obtained certifications from over 20 countries and regions, including EU CE certification, US UL certification, Japan PSE certification, and Australia RCM certification. The company's battery safety and performance testing laboratory is one of the first in the industry to simultaneously receive triple accreditation from the US ULCTDP (Customer Testing Data Program Laboratory), Germany's TÜV Rheinland, and DEKRA.

In terms of finance, for the fiscal years 2023, 2024, and 2025, the company is expected to achieve operating revenues of approximately RMB 647 million, RMB 851 million, and RMB 962 million, respectively. During the same period, the net profits are expected to be approximately -22.8411 million, RMB 120 million, and RMB 118 million.