智通财经APP获悉，据港交所12月4日披露，潮州三环(集团)股份有限公司(简称：三环集团(300408.SZ))递表港交所主板，中国银河国际为独家 保荐人。 招股书显示，根据弗若斯特沙利文的资料，公司聚焦先进陶瓷材料主业，现已成长为先进电子陶瓷材料和零部件领域的全球领先企业。公司构 建起电子及陶瓷材料、电子元件、通信器件、设备组件等四大类核心产品矩阵，形成覆盖通信、AI及数据中心、消费电子、汽车电子、半导 体制造及封装、新能源、智能工业控制等核心应用领域，囊括基础材料、关键元件和高端器件及组件的业务框架。 公司聚焦于电子产业链的上游基础材料，主要包括氧化铝陶瓷基板、氮化铝陶瓷基板、电子浆料及固体氧化物燃料电池("SOFC")隔膜片等。 电子及陶瓷材料作为上游核心材料，应用于消费电子、汽车电子、新能源等领域，共同支持电子元件制造及新能源燃料电池应用，其中：氧化 铝陶瓷基板作为基础材料，为消费电子中的片式电阻器提供电气绝缘、散热与机械支撑；电子浆料系列包括电阻、掩膜、导体及二次树脂浆 料，用于精密电子元件等的电极印刷；SOFC隔膜片起到传导氧离子并分隔燃料与氧化剂的作用，并在高温环境下推动化学能直接转化为电能 的 ...

[編纂] 獨家保薦人 ·[編纂] 银 河 或 際 A GALAXY INTERNATIONAL 智通财经APP获悉，据港交所12月4日披露，潮州三环(集团)股份有限公司(简称：三环集团(300408.SZ)) 递表港交所主板，中国银河国际为独家保荐人。招股书显示，根据弗若斯特沙利文的资料，公司聚焦先 进陶瓷材料主业，现已成长为先进电子陶瓷材料和零部件领域的全球领先企业。公司构建起电子及陶瓷 材料、电子元件、通信器件、设备组件等四大类核心产品矩阵，形成覆盖通信、AI及数据中心、消费电 子、汽车电子、半导体制造及封装、新能源、智能工业控制等核心应用领域，囊括基础材料、关键元件 和高端器件及组件的业务框架。 Chaozhou Three-Circle (Group) Co., Ltd. 潮州三環(集團)股份有限公司 (於中華人民共和國註冊成立的股份有限公司) [編纂]項下的[編纂]數目 [編纂]股H股(視乎[編纂]行使與否而定) [編纂]數目 [編纂]股H股(可予[編纂]) [編纂]股H股(可予[編纂]及視乎[編纂]行使與否而定) [编纂]數目 : 每股H股[編纂]港元,另加1.0%經紀佣金、0.0027% 最高编 ...

智通财经APP获悉，据港交所12月4日披露，潮州三环(集团)股份有限公司(简称：三环集团(300408.SZ)) 递表港交所主板，中国银河国际为独家保荐人。招股书显示，根据弗若斯特沙利文的资料，公司聚焦先 进陶瓷材料主业，现已成长为先进电子陶瓷材料和零部件领域的全球领先企业。公司构建起电子及陶瓷 材料、电子元件、通信器件、设备组件等四大类核心产品矩阵，形成覆盖通信、AI及数据中心、消费电 子、汽车电子、半导体制造及封装、新能源、智能工业控制等核心应用领域，囊括基础材料、关键元件 和高端器件及组件的业务框架。 Chaozhou Three-Circle (Group) Co., Ltd. 银 河 或 際 A GALAXY INTERNATIONAL [編纂]項下的[編纂]數目 [編纂]股H股(視乎[編纂]行使與否而定) [編纂]數目 [編纂]股H股(可予[編纂]) [編纂]股H股(可予[編纂]及視乎[編纂]行使與否而定) [编纂]數目 : 每股H股[編纂]港元,另加1.0%經紀佣金、0.0027% 最高编纂】: 證 監會交易徵費、0.00565%聯交所交易費及 0.00015%會財局交易徵費(須於申請時以港元 ...

Group 1 - The company expects to achieve operating revenue of 515-525 million yuan in H1 2025, representing a year-on-year growth of 33.93%-36.53%, with a median of 520 million yuan, which is a 35.23% increase [1] - The forecasted net profit attributable to shareholders for H1 2025 is estimated to be between 165-175 million yuan, showing a year-on-year growth of 18.59%-25.77%, with a median of 170 million yuan, indicating a 22.18% increase [1] - The company anticipates a non-deducted net profit of 164-175 million yuan for H1 2025, reflecting a year-on-year growth of 19.88%-27.94%, with a median of 169 million yuan, which is a 23.91% increase [1] Group 2 - In Q2 2025, the company expects to achieve operating revenue of 267-277 million yuan, with a year-on-year growth of 19.33%-23.80%, and a median of 272 million yuan, indicating a 21.57% increase [2] - The forecasted net profit attributable to shareholders for Q2 2025 is estimated to be between 78-88 million yuan, showing a year-on-year decline of 0.90%-12.18%, with a median of 83 million yuan, which is a 6.54% decrease [2] - The company plans to maintain high R&D investment, which is impacting the net profit growth rate compared to revenue growth [3] Group 3 - The company’s net profit growth rate in H1 2025 is lower than the revenue growth rate primarily due to sustained high R&D investments [3] - The production capacity of ceramic heaters is gradually increasing, with significant year-on-year revenue growth from domestic and international equipment manufacturers [3] - The company is focusing on modular products that integrate structure and function, with new products like electrostatic chucks and ultra-pure silicon carbide kits entering mass production and generating revenue [3] Group 4 - Revenue forecasts for 2025-2027 are projected at 1.15 billion, 1.465 billion, and 1.819 billion yuan, respectively, with net profits expected to be 426 million, 532 million, and 658 million yuan [3] - The current price corresponds to P/E ratios of 53, 43, and 34 times for the years 2025, 2026, and 2027, respectively [3] - The company is recognized as a leader in advanced ceramic materials in China, with rapid development in semiconductor equipment module products, indicating promising future growth [3]