Basf(US:BASFY) Sou Hu Cai Jing·2026-01-20 00:58Group 1 - Boca International Limited, a company specializing in phase change materials (PCM) for thermal energy storage, successfully completed its IPO on the AMEX at an issue price of $4 per share, selling 2.5 million shares and registering the resale of 1.8 million existing shares [1] - Founded in 1992 and headquartered in Hong Kong, Boca International is one of the few companies globally focused on the production and application of PCM technology, developing practical and efficient thermal energy storage solutions [3] - The company has developed over 20 types of PCM, each with unique phase change temperatures and thermal storage capacities, suitable for a wide temperature range from -86°C to +600°C, providing customized thermal storage panel products for HVAC and refrigeration sectors [3] Group 2 - Financial data indicates that Boca International's revenue for the fiscal year ending March 31, 2025, reached approximately HKD 16.6 million, a significant increase of HKD 11.3 million or 216.53% compared to HKD 5.2 million in the previous fiscal year, driven by a notable rise in consulting and construction-related business revenues [4] - The company's losses narrowed from HKD 7.9 million to HKD 6 million, a decrease of 24.49%, reflecting a positive correlation with the increase in gross profit [4] - The PCM industry has seen significant achievements from various companies globally, with major international players including Henkel, BASF, Cryopak, Dow Chemical, Honeywell, and others, while domestic players include Guangzhou Meiya Technology, Jiangxi Zero Carbon Future, and several others [4][5]