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. The stock has seen a significant increase of 27.4%, trading at HKD 9.3 at the time of reporting [1]. Company Overview - Jin Yan Gao Ling New Materials 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]. - The company ranks fifth in the market with a 5.4% market share in the revenue of coal series calcined kaolin companies in China, according to data from Frost & Sullivan [1]. - It is the largest producer of precision casting mullite materials in China, holding a market share of 19.1% based on projected revenues for 2024 [1]. Product Offering - The company’s primary products include precision casting mullite materials and refractory mullite materials, which are essential for precision casting shells and refractory materials [1]. - Additionally, the company 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