Core Viewpoint - Zhongwei New Materials Co., Ltd. (referred to as "Zhongwei New Materials") has officially listed on the Hong Kong Stock Exchange, opening at HKD 34.00 and closing at HKD 33.96, a slight decline of 0.12% from the issue price [1]. Summary by Sections Company Overview - Zhongwei New Materials is a company focused on the research, development, production, and sales of new energy battery materials, primarily involving precursor materials for positive electrode active materials (pCAM) and new energy metal products [1]. IPO Details - The total number of shares offered in the IPO was 104,225,400, with 10,422,600 shares allocated for public sale in Hong Kong and 93,802,800 shares for international sale. The total number of shares issued at listing (before the exercise of the over-allotment option) was 1,042,253,858 [2][3]. - The final offer price was set at HKD 34.00, resulting in total proceeds of HKD 3,543,663,600. After deducting estimated listing expenses of HKD 111,053,825, the net proceeds amounted to HKD 3,432,609,775 [2][3]. Use of Proceeds - The net proceeds from the global offering are intended to be used for expanding production and supply chain capabilities, research and development of new energy battery materials, digital transformation, working capital, and other general corporate purposes [3]. Key Investors - Key cornerstone investors include Guizhou New Industrialization Development Equity Investment Fund, Baoda Investment (Hong Kong) Limited, Zhongchu Innovation Technology Group Co., Ltd., and several others [5]. Financial Performance - For the years 2022, 2023, and 2024, Zhongwei New Materials reported revenues of RMB 30,343.7 million, RMB 34,273.2 million, and RMB 40,222.9 million, respectively. The net profits for the same years were RMB 1,539.4 million, RMB 2,100.5 million, and RMB 1,787.8 million [6][7]. - As of the nine months ending September 30, 2025, the company recorded revenues of RMB 33,297.5 million, a 10.4% increase from RMB 30,162.9 million for the same period in 2024. However, profits decreased from RMB 1,646.7 million to RMB 1,111.1 million [8][9].
中伟新材港股募35.4亿港元首日破发 净利连降1年3季