新股消息 | 宝盖新材递表港交所GEM 于中国电缆沟盖板及GFRP电缆沟盖板行业排名第一

Core Viewpoint - Baogai New Materials has established itself as a market and technology leader in China's composite material manhole cover industry, focusing on GFRP (Glass Fiber Reinforced Plastic) products for engineering and infrastructure needs [3]. Group 1: Company Overview - Baogai New Materials was founded in 2009 and specializes in producing GFRP manhole cover products primarily for engineering and infrastructure applications [3]. - The company's product portfolio includes cable trench covers, drainage trench covers, and manhole covers, serving critical sectors such as electricity, transportation, urban utilities, water conservancy, and petrochemical engineering in China [3]. Group 2: Market Position - As of 2024, Baogai New Materials holds the top position in China's cable trench cover industry with a market share of approximately 2.36%, which is about double that of the second-largest competitor [3]. - The company is also the leading player in the GFRP cable trench cover sector, with a market share of around 8.94%, again approximately double that of its closest rival [3]. - In the broader manhole cover industry, Baogai New Materials ranks third, capturing about 1.35% of the total market share [3]. Group 3: Financial Performance - For the fiscal year ending June 30, 2023, Baogai New Materials reported revenues of approximately 137.1 million RMB, with a gross profit of about 52.4 million RMB [4][6]. - The company’s projected revenues for the fiscal year ending June 30, 2024, are approximately 130.9 million RMB, with a gross profit of around 49.1 million RMB [6]. - The net profit attributable to equity shareholders for the fiscal year ending June 30, 2023, was approximately 25.2 million RMB, with earnings per share of 0.58 RMB [6].