Taijin New Energy Shares Surge After IPO as Investors Focus on AI-Related Copper Foil Equipment

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.