On February 14th, Penta Laser's IPO coaching filing was registered and accepted by the China Securities Regulatory Commission, with CITIC Securities as the coaching institution.

Penta Laser, founded in 2007, is a group company specializing in the research, development, manufacturing, and sales of high-power laser cutting and welding equipment. The company is headquartered in Wenzhou Economic and Technological Development Zone, Zhejiang Province, and has four manufacturing bases in Wuhan and Wenzhou in China, Linyi, and Florence in Italy. In 2021, the group's sales contracts exceeded 2.5 billion yuan, making it an advanced enterprise in high-power laser cutting and welding equipment in China.

The company currently has 960 employees, including about 100 employees in Italy, and its factory area exceeds 100,000 square meters. Penta Group has more than 5,000 domestic customers, and large enterprise groups such as CRRC, CIMC Group, Sany Heavy Industry, Zoomlion Heavy Industry, XCMG Group, and Shantui Group have adopted Penta Laser products in large quantities.

The company exports its cutting and welding equipment to developed countries and regions such as the United States, the United Kingdom, Germany, France, Australia, Japan, and South Korea, making it an excellent enterprise in the export of high-power laser cutting equipment. Its wholly-owned subsidiary, Cutlite Italy, is a leading laser cutting machine company in Europe.

Currently, the company has a research and development team of over 200 people, including more than 20 foreign researchers and over 30 researchers with master's and doctoral degrees. 5% of the annual sales revenue is invested in new product development. The company holds more than 100 laser technology patents and specializes in the research and development of high-end high-power laser cutting equipment and processes, large, medium, and small laser pipe cutting equipment, large gantry three-dimensional laser cutting and welding equipment, laser cutting automation production lines, control systems, laser cutting and welding heads, and other core components.

In 2022, Penta Laser was awarded the National Specialized and Innovative Small Giant Enterprise, Top 100 Fastest Growing Enterprises in Zhejiang Province, and Intelligent Manufacturing Equipment Demonstration Enterprise in Wenzhou. The 20KW laser cutting machine won the first prize in the Zhejiang Machinery Industry Science and Technology Award. The 30KW complete set of laser cutting equipment received the China Laser Golden Award for New Product Innovation after becoming the first of its kind internationally. The magnetic levitation 40KW laser cutting equipment was also recognized as the first domestic product of its kind.

Penta Laser is a subsidiary holding company of EL.EN.S.P.A., a well-established Italian laser equipment listed company. It is an advanced enterprise in high-power laser cutting and welding equipment in China.

In 2022, Penta Laser successfully completed the transformation to a joint-stock company, implemented executive equity incentives, introduced strategic venture capital, and entered into guidance for listing. It plans to apply for IPO in 2023.

In December of last year, Penta Laser completed the acquisition of controlling stake in Jinbofang, a new energy battery laser welding company, and completed the financing work before the listing application. In order to quickly enter the field of laser cutting for new energy batteries and expand future growth opportunities, Pentium Laser achieved control over Shenzhen Jinbofang Laser Technology Co., Ltd. ("Jinbofang") through the acquisition of equity and cash capital increase. Penta Laser now holds a 60% stake in Jinbofang. According to profit forecasts, the company is expected to achieve a net profit of around 30 million yuan in the next three years.

In addition, Penta Laser has completed the financing work before the listing application and raised a total of 170 million yuan. The investment institutions involved are CITIC Securities Investment Co., Ltd., Wenzhou Junquan Xinyuan Investment Partnership Enterprise (Limited Partnership), Hangzhou Fuzhe Daozheng Equity Investment Partnership Enterprise (Limited Partnership), Zhejiang Shegui Industrial Development Partnership Enterprise (Limited Partnership), as well as three shareholders of the acquired company Jinbofang, namely Qin Xiaoming, Luo Yusen, and Huang Tao. The corresponding total shareholding ratio is 12.44%.

Power batteries are essential core components of new energy vehicles and a key competitive track in the new energy vehicle industry. Among them, laser cutting plays a crucial role in the production of power batteries. In 2022, Penta Laser took a critical step towards the application of laser technology in the field of power batteries and energy storage batteries by acquiring Jinbofang. They have invested in the research and development of laser cutting equipment for lithium battery tabs, laser welding equipment for lithium battery sealing, PACK battery pack welding equipment, and more.