EP Equipment Reaches $2 Billion Market Cap Following Strong IPO Performance

EP Equipment is proud to announce a major milestone—our market valuation has reached $2 billion USD solidifying our position as a global leader in material handling solutions.

Since our IPO listing on December 24, 2024, on the Shanghai Stock Exchange (Ticker: 603194), our stock has demonstrated impressive growth, surging from an initial price of 20.32 RMB to 37.30 RMB as of February 10, 2025—an 83% increase over the IPO price. This strong market performance reflects investor confidence in our long-term vision and growth strategy.

Strategic Growth Initiatives Driving Our Success

At EP Equipment, we are committed to leading the transformation of the material handling industry through innovation and sustainability. Our key strategic initiatives include:

Electrification Leadership - Accelerating the shift from combustion engines to lithium-powered solutions.

Digital Transformation for Sustainability - Implementing smart, data-driven solutions for greener and more efficient operations.

Investment in Autonomous Solutions - Expanding R&D in AI-powered forklifts and automated material handling.

Collaboration & Knowledge Sharing - Partnering with industry leaders to drive innovation and best practices.

Enhancing Worker Efficiency - Designing advanced material handling equipment that improves safety, comfort, and productivity.

We are proud to be using IPO Proceeds to invest in scaling production capacity and advancing research into lithium-powered solutions, autonomous technologies, and digitalized manufacturing systems.

As a leader in the global material handling market, EP Equipment remains dedicated to driving a sustainable future—pushing boundaries, innovating solutions, and making logistics smarter, cleaner, and more efficient.

We extend our deepest gratitude to our investors, customers, and partners for their continued trust and support as we embark on this exciting new chapter.