Core Viewpoint - Jin Yan Gao Ling New Materials (02693) has successfully listed, with an initial share price of HKD 7.3, raising approximately HKD 124 million from the issuance of 24.3 million shares [1] Company Overview - The company specializes in coal series 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 calcined kaolin companies in China for 2024 [1] - Jin Yan Gao Ling New Materials 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 and semi-powder, which customers can further process [1] Market Performance - As of the report, the stock price has increased by 21.78%, currently trading at HKD 8.89, with a trading volume of HKD 50.18 million [1]
金岩高岭新材首挂上市 早盘上涨21.78%公司为中国最大的精铸用莫来石材料生产商