Putailai Unit Jiatuo Intelligent Resumes Beijing Stock Exchange Review; H1 Revenue Up 42.7% to RMB 10.115
Putailai announced on August 26 that the Beijing Stock Exchange has resumed the review of its controlling subsidiary Jiangsu Jiatuo New Energy Intelligent Equipment Co. , Ltd. (Jiatuo Intelligent). The company had filed its listing application on June 26, 2026, and received acceptance on June 30, but applied for a suspension the same day. After the suspension grounds were cleared, Jiatuo submitted a resumption request on August 24, and the exchange restored review on August 25. Putailai's H1 2026 revenue rose 42.7% year-on-year to RMB 10.115 billion, with net profit attributable to shareholders up 37.58%.
After the market close on August 26, Putailai announced that the Beijing Stock Exchange had adjusted the review status of its controlling subsidiary Jiangsu Jiatuo New Energy Intelligent Equipment Co. , Ltd. (Jiatuo Intelligent) to "review resumed." Jiatuo Intelligent submitted its listing application materials to the Beijing Stock Exchange on June 26, 2026, and received the acceptance notice on June 30. On the same day, it voluntarily filed a request to suspend the review, which the exchange approved. The interval from submission of materials to acceptance and suspension was four days. According to the latest announcement, the circumstances that had caused the suspension of Jiatuo Intelligent's review have been eliminated. The company submitted a resumption application on August 24, and the Beijing Stock Exchange adjusted the review status to "resumed" on August 25.
Jiatuo Intelligent held a board meeting on March 5, 2026, and a shareholders' meeting on March 26, 2026, at which it approved the proposal to publicly issue shares to unspecified qualified investors and list on the Beijing Stock Exchange. In accordance with relevant regulations, after the resumption of review, the listing process of Jiatuo Intelligent has been re-advanced.
Putailai's 2026 semi-annual report, disclosed on August 19, showed that the company achieved operating revenue of RMB 10.115 billion in the first half of the year, up 42.70% year-on-year; net profit attributable to the parent company was RMB 1.452 billion, up 37.58%; and net profit attributable to the parent company excluding non-recurring items was RMB 1.312 billion, up 32.25%. By business segment, the coating processing volume reached 7.946 billion square meters, up 66.47% year-on-year, accounting for approximately 36.45% of global shipments of wet-process separator for new energy batteries. Sales of anode material products totaled 95,200 tonnes, up 37.45% year-on-year, with production bases in Jiangxi, Shandong, Inner Mongolia, and Liyang operating at full capacity.
The automation equipment and services business achieved main business revenue of approximately RMB 2.6 billion in the first half (before internal offset), up more than 40% year-on-year; cumulative new orders received exceeded RMB 4.1 billion (excluding internal orders), up approximately 100% year-on-year. As of June 30, 2026, the company's equipment business had orders on hand of approximately RMB 8.8 billion (excluding internal orders). The semi-annual report mentioned that Jiatuo Intelligent submitted its application materials for a public offering and listing on the Beijing Stock Exchange in June and received formal acceptance.