Core Viewpoint - Zhongwei New Materials Co., Ltd. successfully listed on the Hong Kong Stock Exchange, marking the largest IPO in the renewable materials sector in nearly three years, with a total issuance scale of approximately HKD 35.4 billion [3][5][7] Company Overview - Zhongwei New Materials, established in 2014, focuses on the research, production, and sales of new energy battery materials, primarily positive precursor materials, and has been a global leader in nickel and cobalt precursor materials for lithium-ion batteries since 2020 [8][9] - The company achieved a revenue of CNY 40.22 billion and a net profit of CNY 1.787 billion in 2024, maintaining double-digit growth for eight consecutive years [8] IPO Highlights - The IPO was priced at HKD 34 per share, with the international placement receiving 4.08 times subscription and the Hong Kong public offering receiving 27.90 times subscription [3][5] - The issuance included a 15% over-allotment option and attracted nine cornerstone investors who collectively subscribed approximately USD 214 million, accounting for about 47% of the pre-over-allotment issuance scale [7] Strategic Partnerships - Huatai International served as a joint sponsor and coordinator for the IPO, leveraging its deep industry insights and extensive experience in both domestic and international capital markets to ensure the project's successful completion [5][7] - The partnership with Huatai has been ongoing for ten years, during which the company has assisted Zhongwei in multiple rounds of private equity financing and previous IPOs [5] Industry Positioning - Zhongwei New Materials is recognized as a national enterprise technology center and has received various accolades, including "National Intelligent Manufacturing Factory" and "Green Manufacturing Factory" [9] - The company aims to create a diversified technology and global development strategy, establishing ten industrial bases worldwide to enhance its position in the global renewable materials market [9]
华泰国际保荐中伟新材成功登陆港交所，成就近三年来港股市场最大新能源材料领域IPO