钧达股份正式在港交所上市，首日上涨20.09%

Group 1 - JunDa Co., Ltd. officially listed on the Hong Kong Stock Exchange on May 8, with H-shares priced at HKD 22.15 per share, raising a total of approximately HKD 1.4 billion [2] - The global offering consisted of 63.43 million shares, with 6.34 million shares allocated for public offering in Hong Kong and 57.09 million shares for international offering, marking a significant milestone in the company's globalization process [2][3] - The first trading day saw a notable increase of 20.09% in share price, reflecting strong market interest [2] Group 2 - China's renewable energy sector is transitioning from quantity to quality, with solar companies enhancing their technology and supply chain capabilities [3] - In 2024, China's solar module exports are projected to reach 240.91 GW, a year-on-year increase of 27.6%, while solar cell exports are expected to hit 59.1 GW, up 56.5% [3] - JunDa Co., Ltd. aims to build its global competitiveness through technological advancements and a global perspective, following the successful overseas expansion strategies of peers like CATL [3][4] Group 3 - JunDa Co., Ltd. focuses on continuous improvement of N-type TOPCon solar cells, achieving a 30% reduction in non-silicon costs year-on-year [4] - The company has established a research and development system that emphasizes pre-research, testing, and mass production, while also exploring cutting-edge technologies such as HJT and perovskite [4] - By Q1 2025, overseas sales are expected to account for 58% of JunDa's total sales, supported by partnerships in Oman and North America [4] Group 4 - The global photovoltaic landscape is undergoing a restructuring, with increasing demand for high-performance solar cells, which are critical in the supply chain [5] - JunDa Co., Ltd. holds a 24.7% market share in the global N-type TOPCon solar cell market, maintaining its position as an industry leader [5][6] - The company is leveraging low tax rates in Oman and collaborative mechanisms in North America to establish a supply hub connecting the Middle East, Europe, and North America [6] Group 5 - The establishment of a dual capital platform (A+H shares) enhances JunDa's ability to engage with international capital markets, supporting its strategy of "capacity going abroad + brand going abroad" [7] - The Hong Kong market is known for providing valuation flexibility for technology and export-oriented companies, positioning JunDa favorably for growth [7] - JunDa's listing is seen as a significant step towards becoming a key player in the global renewable energy sector, marking the beginning of its comprehensive entry into the international photovoltaic competition [7]