Core Viewpoint - Jin Yan Gao Ling New Materials (02693) has successfully listed, with an initial share price of HKD 7.3, issuing 24.3 million shares, and net proceeds of approximately HKD 124 million. The stock has risen by 27.4% to HKD 9.3 at the time of reporting, with a trading volume of HKD 428.9 million [1] Company Overview - Jin Yan Gao Ling New Materials specializes in coal-based kaolin in China, possessing an integrated capability across the entire value chain from mining, R&D, processing to production and sales [1] - According to Frost & Sullivan, the company ranks fifth in the market with a 5.4% market share based on the revenue of coal-based calcined kaolin companies in China for 2024 [1] - The company is the largest producer of precision casting mullite materials in China, holding a market share of 19.1% based on 2024 revenue [1] Product Offering - The company's main products include precision casting mullite materials and refractory mullite materials, which are essential for precision casting shells and refractory materials [1] - The company also sells semi-coke powder, which customers can further process [1]
新股首日 | 金岩高岭新材(02693)首挂上市 早盘高开27.4% 公司为中国最大的精铸用莫来石材料生产商