Group 1 - The Hong Kong stock market has seen a mixed performance of newly listed stocks, with some like Quantitative Group (02685.HK) and Innovation Industry (02788.HK) experiencing significant gains, while others like Haiwei Co. (09609.HK) and Zhongwei New Materials (02579.HK) faced declines on their debut [2] - On December 3, two new stocks, Jinyan Kaolin New Materials (02693.HK) and Lemo Technology (02539.HK), were listed and both showed positive performance, with Jinyan Kaolin New Materials seeing an increase of over 11% at the time of reporting [3] - Jinyan Kaolin New Materials had a strong showing during its public offering phase, achieving a subscription rate of 6,876.17 times for the Hong Kong public offering, with 2.43 million shares allocated, representing about 10% of the total shares offered [3] Group 2 - In the international placement, Jinyan Kaolin New Materials received a subscription rate of 2.01 times, with 23.36 million shares allocated, accounting for 90% of the total shares offered [3] - The company specializes in coal series kaolin in China and has integrated capabilities across mining, research and development, processing, production, and sales [3] - Jinyan Kaolin New Materials is a major producer of calcined kaolin products, with its offerings including precision casting materials and refractory materials, essential for industries such as automotive, aerospace, and general machinery [3] Group 3 - According to Frost & Sullivan, Jinyan Kaolin New Materials ranks fifth in market share among Chinese coal series calcined kaolin companies with a 5.4% share, and it is the largest producer of precision casting materials with a market share of 19.1% [4] - The company's revenue from 2022 to 2024 and the first five months of 2025 is reported as follows: 190 million RMB, 205 million RMB, 267 million RMB, and 105 million RMB, with corresponding profits of 24.42 million RMB, 43.62 million RMB, 52.60 million RMB, and 18.03 million RMB, indicating a positive growth trend in both revenue and profit [4]
【IPO追踪】上市首日高开下挫！金岩高岭新材成色如何？