金岩高新再度递表港交所 为中国最大的精铸用莫来石材料生产商

Core Viewpoint - Anhui Jinyan High-Tech Materials Co., Ltd. (referred to as Jinyan High-Tech) has submitted a listing application to the Hong Kong Stock Exchange, aiming to leverage its integrated capabilities in the kaolin industry, particularly in the production of calcined kaolin products [1] Company Overview - Jinyan High-Tech specializes in coal series kaolin in China, possessing a fully integrated value chain from mining, R&D, processing, to production and sales [1] - The company is a major producer of calcined kaolin products, relying on rich and high-quality coal series kaolin mineral resources [1] - Key products include precision casting mullite materials and refractory mullite materials, essential for precision casting shells and refractory materials [1] Market Position - Jinyan High-Tech has established a solid market position due to its vertically integrated business model and product quality advantages [1] - According to Frost & Sullivan, Jinyan High-Tech is the largest producer of precision casting mullite materials in China, with a market share of 19.1% based on projected revenues for 2024 [1] Market Growth - The market size for precision casting mullite materials in China is expected to grow from approximately RMB 972 million in 2024 to RMB 1.362 billion in 2029, with a compound annual growth rate (CAGR) of 7.0% [1] - The market for refractory mullite materials is projected to increase from RMB 5.526 billion in 2024 to RMB 6.431 billion in 2029, with a CAGR of 3.1% [1] Financial Performance - For the fiscal years 2022, 2023, and 2024, Jinyan High-Tech reported revenues of approximately RMB 190.4 million, RMB 204.7 million, and RMB 267.1 million, respectively [2][3] - The net profit and total comprehensive income for the same years were RMB 24.4 million, RMB 43.6 million, and RMB 52.6 million, respectively [2][3] - For the five months ending May 31, 2024, the company achieved revenue of RMB 88.3 million and a net profit of RMB 14.5 million [2][3]