Nabaichuan New Energy Co., Ltd. has made a triumphant entry onto the ChiNext board of the Shenzhen Stock Exchange. The company publicly issued 27.9174 million shares, each priced at RMB 22.63. On its very first day of trading, the stock opened at a remarkable RMB 60.00, representing an astonishing surge of 165.13%.

From 2022 to 2024, the company's main business revenue witnessed an annual compound growth rate of 18.17%. Moreover, in the first quarter of 2025 alone, there was a significant year-on-year spike of 69.55%. In 2024, its flagship product, battery liquid cooling plates, dominated the sales revenue landscape, contributing a substantial 83.78%.

Since its inception in 2007, Nabaichuan has carved a niche for itself in the thermal management arena. Later, it smoothly pivoted to the burgeoning new energy sector, tailoring its products to suit over 200 vehicle models from various mainstream automakers. Additionally, the company has proactively ventured into the energy storage thermal management market. It has successfully secured a place in the supply chains of industry giants like CATL. By 2024, the revenue share from this sector had climbed to 23.96%.