[Company Profile] Mannest — China’s No. 1 Coating Die Head Maker, Listed 10 Years After Founding

Mannest (曼恩斯特, Shenzhen Mannest Technology Co., Ltd.) is China’s No. 1 domestic company in the lithium battery coating die-head (涂布模头) sector, headquartered in Shenzhen.

Mannest (Manst) homepage image (Source: official website manst.com)

1. Company Overview

  • Company Name: Shenzhen Mannest Technology Co., Ltd. (深圳市曼恩斯特科技股份有限公司), Stock Code 301325 (Shenzhen ChiNext)
  • Founded: December 1, 2014
  • Headquarters: Shenzhen, Guangdong Province, China
  • Listed: Listed on ChiNext on May 12, 2023 (IPO of 30 million shares, raising RMB 531 million)
  • CEO: Peng Jianlin (彭建林) and Tang Xuejiao (唐雪姣), a married couple — combined 62.32% equity stake (actual controlling shareholders)

2. History and Workforce

Founded in 2014, the company has focused on R&D of high-precision narrow-slot-die (狭缝式) coating die heads, accessories, and coating equipment. As of 2020, it held a 21% share of the domestic coating die-head market, ranking No. 1 in China, and received ChiNext listing approval in June 2022, formally listing in May 2023.

Founder and General Manager Peng Jianlin has 15 years of dedicated R&D experience and is the inventor or co-inventor on 158 of the company’s patents. The company operates multiple subsidiaries in Anhui, Shenzhen, and elsewhere (coating automation software, sensors and fluid components, vacuum coaters, etc.).

3. Core Technology and Key Equipment

High-precision slot-die coating die heads are the core product, with applications expanding beyond lithium batteries into perovskite solar cells, hydrogen fuel cell electrodes, advanced semiconductor packaging, and LCD displays.

  • High-precision narrow-slot-die coating die heads — largest share of revenue (62.78–75.76% in 2019–2021)
  • Coating die head augmentation/retrofit services
  • Coating equipment (涂布设备)
  • New coating technologies for high-solid-content, all-solid-state, and solid electrolyte processes (under development)

4. Production Infrastructure and Quality Assurance

In addition to its Shenzhen headquarters, the company has built a production base in Anhui to expand manufacturing capacity. Detailed factory floor area and capacity figures are (undisclosed).

5. Delivery Track Record and Partnerships

The company lists CATL (Contemporary Amperex Technology), BYD, and CALB (中创新航) as major customers. Individual contract amounts and years are (undisclosed).

6. Financial Status and Roadmap

As a company listed on the Shenzhen Stock Exchange ChiNext board (301325), its annual reports are publicly available. Individual revenue and profit figures are not arbitrarily presented in this profile.

The company has outlined a direction of continuing ‘import substitution’ by expanding next-generation coating technologies — high-solid-content, all-solid-state, and solid electrolyte — into adjacent emerging areas including hydrogen fuel cell electrodes, perovskite solar cells, MLCCs, and semiconductor coating.

This profile was compiled based on publicly available sources including Baidu Baike, China Securities Journal (cs.com.cn), Jiemian News, and Maimai (脉脉). Unverified figures and undisclosed information have not been arbitrarily included.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top