Core Viewpoint - Jin Yan Gao Ling New Materials officially listed on the Hong Kong Stock Exchange today, showing strong performance on its first day with a share price opening at HKD 9.3, a 27.4% increase from the issue price of HKD 7.30 [1][5] Company Overview - Jin Yan Gao Ling New Materials specializes in the mining and deep processing of coal-based kaolin, with products including precision casting sand and refractory materials [3][7] - According to Frost & Sullivan, the company is the fifth largest producer of calcined coal-based kaolin in China, holding a market share of 5.4% based on projected revenue for 2024 [3][7] Financial Performance - The company has demonstrated steady growth in its financial performance, with revenue increasing from RMB 190.4 million in 2022 to RMB 267 million in 2024, and net profit rising from RMB 24.4 million to RMB 52.6 million during the same period [3][7] - In the first five months of 2025, the company reported revenue of RMB 105 million and a net profit of RMB 18 million, continuing its growth trend [3][7] Market Response - The public offering phase saw an overwhelming subscription rate of approximately 6,876.17 times, with around 167,000 valid applications received [3][7] - The final number of shares offered in the public sale was 2.43 million, accounting for about 10% of the total global offering, with a low winning rate of only 0.03% for investors applying for one lot [3][7]
金岩高岭新材港股首日高开27.4%，一手账面盈利1000港元