中伟新材(02579)11月7日至11月12日招股 预计11月17日上市

Core Viewpoint - Zhongwei New Materials (02579) is set to launch an IPO from November 7 to November 12, 2025, aiming to globally offer 104 million shares, with a price range of HKD 34-37.8 per share, and is a leader in the production of battery materials for electric vehicles and other high-demand applications [1][2]. Group 1: Company Overview - The company specializes in the research, development, production, and sales of new energy battery materials, focusing on precursor materials for positive electrode active materials (pCAM) [1]. - It has maintained its position as the global leader in the shipment of nickel and cobalt-based pCAM for lithium-ion batteries, holding market shares of 20.3% and 28.0% respectively in 2024 [1]. - The company ranks first globally in the sales value of all pCAM products, capturing a market share of 21.8% in 2024 [1]. Group 2: Integrated Operations - The company has established an integrated operation model that spans from upstream new energy metal mining, smelting, and refining to the production and recycling of new energy materials [2]. - This integrated supply chain allows the company to sell new energy metal products, primarily nickel intermediates and electrolytic nickel, along with several by-products from the nickel extraction process [2]. - In terms of production volume, the company ranked sixth in the global nickel product market in 2024, with a market share of 3.7% [2]. Group 3: Investment Agreements and Fund Utilization - The company has entered cornerstone investment agreements with various entities, aiming to raise approximately USD 214 million in shares, assuming a median offer price of HKD 35.90 per share [3]. - The estimated net proceeds from the global offering are approximately HKD 3.628 billion, assuming no exercise of the over-allotment option [3]. - The allocation of the proceeds includes approximately 50% for expanding production and supply chain capabilities, 40% for R&D and digital advancement in new energy battery materials, and 10% for working capital and other general corporate purposes [3].