金岩高新正式上市港交所

Core Viewpoint - Anhui Jinyan Kaolin New Materials Co., Ltd. successfully listed on the Hong Kong Stock Exchange on December 3, 2025, with a strong market debut and a total market capitalization exceeding 700 million HKD [1][3] Group 1: IPO Details - The company launched a global offering on November 25, 2025, with a final issue price of 7.30 HKD per share, raising approximately 177 million HKD [3] - A total of 24.3 million H shares were offered, with 2.43 million shares available for public sale in Hong Kong and 21.87 million shares for international sale [3] - The net proceeds from the offering, after deducting listing expenses, are approximately 124 million HKD, intended for various projects including deep processing of kaolin materials and repayment of bank loans [3] Group 2: Resource Advantages - The company owns the Shuli Kaolin Mine in Anhui, which has a total mineral resource of approximately 18,649 thousand tons and a remaining mining life of 16 years based on an annual production capacity of 400,000 tons [4] - The mine produces rare coal-series kaolin with an Al₂O₃ content exceeding 40%, providing a competitive edge in high-end product manufacturing [4] Group 3: Technological Strength - The company has established an integrated process that coordinates various stages of kaolin production, including mining, processing, and waste utilization [5] - It holds 50 patents and has 18 patents pending, recognized as a national-level specialized "little giant" enterprise with strong R&D capabilities [5] Group 4: Market Position - The company is the largest producer of precision casting mullite materials in China, holding a market share of 19.1% as of 2024 [6] - In 2024, the company achieved a revenue of 267 million CNY and a net profit of 52.6 million CNY, with consistent growth in revenue and profit over the past three years [6] Group 5: Future Prospects - The listing in Hong Kong will enable the company to expand production capacity and deepen R&D while leveraging the international platform to explore global markets [7] - With its unique resource reserves, leading technology, and solid market position, the company is well-positioned to benefit from domestic substitution and industry growth, promising long-term value for investors [7]