Core Viewpoint - The company, Jinyan Gaoling New Materials, has officially launched its global offering in Hong Kong, aiming to raise approximately HKD 124.3 million through the issuance of 24.3 million shares at a price of HKD 7.3 per share [3][4]. Group 1: IPO Details - The global offering consists of 24.3 million shares, with 21.87 million shares allocated for international offering and 2.43 million shares for public offering in Hong Kong [3]. - The public offering period is from November 25 to November 28, with the final offer price and allocation results expected to be announced on December 2 [3]. - Trading of the shares on the Hong Kong Stock Exchange is set to commence on December 3, with a minimum investment cost of approximately HKD 3,686.82 for 500 shares [3]. Group 2: Use of Proceeds - Approximately 70.8% of the net proceeds will be allocated to the deep processing project of mullite-based aluminum-silicon materials [3]. - About 20.6% of the funds will be used to establish a research center for silicon-aluminum new materials engineering technology [3]. Group 3: Company Overview - Jinyan Gaoling New Materials specializes in coal-based kaolin, integrating the entire value chain from mining, research and development, processing, to production and sales [4]. - The company’s products include precision casting mullite materials and refractory mullite materials, which are essential for precision casting shells and refractory materials [4]. - As of May 31, 2025, the estimated total resource of the company's Shuli kaolin mine is approximately 18.649 million tons, with an estimated total ore reserve of about 6.062 million tons [4]. Group 4: Financial Performance - The company's revenue for the years 2022 to 2024 and the first five months of 2025 are projected to be RMB 190 million, RMB 205 million, RMB 267 million, and RMB 105 million respectively [4]. - The net profit and total comprehensive income for the same periods are expected to be RMB 24.423 million, RMB 43.617 million, RMB 52.602 million, and RMB 18.032 million, indicating a steady growth in revenue and profit [4].