Group 1 - The company, Jinyan Gaoling New Materials (02693), plans to conduct an initial public offering (IPO) from November 25 to November 28, 2025, offering 24.3 million H-shares at a price of HKD 7.30 per share, with 10% allocated for public sale in Hong Kong and 90% for international sale [1] - The company has entered cornerstone investment agreements with several entities, committing to a total investment of approximately HKD 76.22 million, contingent upon certain conditions [1] - The net proceeds from the global offering are estimated to be around HKD 124.3 million, with approximately 70.8% allocated for deep processing projects of mullite-based aluminum silicate materials, 20.6% for establishing a new materials engineering research center, 0.6% for repaying bank loans, and 8.0% for working capital and general corporate purposes [1] Group 2 - The company specializes in coal series kaolin in China and possesses an integrated capability across the entire value chain from mining, R&D, processing to production and sales [2] - According to Frost & Sullivan, the company ranks fifth in the market with a 5.4% market share in the revenue of coal series calcined kaolin companies in China [2] - The company's revenue for the years ending December 31 for 2022, 2023, and 2024 was approximately RMB 190.4 million, RMB 204.7 million, and RMB 267 million respectively, with net profits of approximately RMB 24.4 million, RMB 43.6 million, and RMB 52.6 million, indicating sustained growth and profitability [2]

Group 1 - The company, Jinyan Gaoling New Materials, plans to conduct an initial public offering (IPO) from November 25 to November 28, 2025, offering 24.3 million H-shares at a price of HKD 7.30 per share, with 10% allocated for public sale in Hong Kong and 90% for international sale [1] - The company has secured cornerstone investment agreements with several entities, committing to a total investment of approximately HKD 76.22 million, contingent upon certain conditions [1] - The net proceeds from the global offering are estimated to be around HKD 124.3 million, with 70.8% allocated for deep processing projects of mullite-based aluminum silicate materials, 20.6% for establishing a new materials engineering technology research center, 0.6% for repaying bank loans, and 8.0% for working capital and general corporate purposes [1] Group 2 - The company specializes in coal series kaolin in China and possesses an integrated capability across the entire value chain from mining, R&D, processing to production and sales [2] - According to Frost & Sullivan, the company ranks fifth in the market with a 5.4% market share in the revenue of coal series calcined kaolin companies in China [2] - The company's revenue for the years ending December 31 for 2022, 2023, and 2024 was approximately RMB 190.4 million, RMB 204.7 million, and RMB 267 million respectively, with net profits of RMB 24.4 million, RMB 43.6 million, and RMB 52.6 million, indicating sustained growth and profitability [2]

安徽金岩高嶺土新材料股份有限公司 ANHUI JINYAN KAOLIN NEW MATERIALS CO., LTD. 股份代號 : 2693 （於中華人民共和國註冊成立的股份有限公司） 全球發售 聯席保薦人 整體協調人、聯席全球協調人、聯席賬簿管理人及聯席牽頭經辦人 重要提示 如 閣下對本招股章程內容有任何疑問，應諮詢獨立專業建議。 ANHUI JINYAN KAOLIN NEW MATERIALS CO., LTD. 安徽金岩高嶺土新材料股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 全球發售 | 全球發售項下的發售股份總數 | ： | 24,300,000股H股（視乎超額配股權行使 | | --- | --- | --- | | | | 與否而定） | | 香港發售股份數目 | ： | 2,430,000股H股（可予重新分配） | | 國際發售股份數目 | ： | 21,870,000股H股（可予重新分配及視乎 | | | | 超額配股權行使與否而定） | | 發售價 | ： | 每股H股7.30港元，另加1.0%經紀 | | | | 佣金、0.0027%證監會交易徵費、 | | | | 0 ...

Core Viewpoint - Sichuan Jinding's stock price increased by 5.01% to 10.06 CNY per share, with a trading volume of 303 million CNY and a turnover rate of 8.80%, resulting in a total market capitalization of 3.511 billion CNY [1] Group 1: Company Overview - Sichuan Jinding (Group) Co., Ltd. is located in Emeishan City, Leshan, Sichuan Province, established on September 7, 1988, and listed on October 8, 1993 [1] - The company's main business involves non-metallic mineral mining, processing, and product sales, with revenue composition as follows: limestone 86.66%, logistics and transportation 7.41%, calcium oxide 3.16%, rental income 1.43%, ready-mixed concrete and cement-stabilized crushed stone 1.41%, and IT equipment information technology services 0.02% [1] Group 2: Shareholder Information - Among the top ten circulating shareholders of Sichuan Jinding, a fund under GF Fund ranks first, specifically the GF CSI All Share Construction Materials Index A (004856), which entered the top ten in Q3 with 853,300 shares, accounting for 0.24% of circulating shares [2] - The estimated floating profit for this fund today is approximately 409,600 CNY [2] Group 3: Fund Manager Profile - The fund manager of GF CSI All Share Construction Materials Index A (004856) is Lu Zhiming, who has a cumulative tenure of 14 years and 179 days [3] - The fund's total asset size is 24.063 billion CNY, with the best fund return during his tenure being 119.61% and the worst being -63.28% [3]

（文章来源：证券日报） 证券日报网讯中旗新材11月19日在互动平台回答投资者提问时表示，公司全资子公司中旗矿业取得的采 矿权矿种为脉石英矿，不涉及投资者所关心的金属矿种。由于矿产开发受自然条件、技术条件、市场及 政策等多方面因素影响，能否达到预期仍存在不确定性，请注意投资风险。本次取得采矿许可证对公司 当期经营业绩无重大影响，具体内容请参阅公司在巨潮资讯网披露的《关于子公司取得采矿权证的自愿 性信息披露公告》。 ...

Core Viewpoint - Anhui Jinyan High-Tech Materials Co., Ltd. (referred to as Jinyan High-Tech) has passed the listing hearing on the Hong Kong Stock Exchange, with Guoyuan International and Minyin Capital serving as joint sponsors [1] Company Overview - Jinyan High-Tech specializes in coal series kaolin in China, possessing a fully integrated value chain from mining, R&D, processing to production and sales [4] - The company ranks fifth in the market with a 5.4% market share in the revenue of coal series calcined kaolin companies in China as of 2024 [4] Product Offering - The main products include precision casting mullite materials and refractory mullite materials, which are essential for precision casting shells and refractory materials [4] - The company also sells semi-coke powder, which can be further processed by customers [4] Market Position - Jinyan High-Tech is the largest producer of precision casting mullite materials in China, holding a market share of 19.1% as of 2024 [5] - The market for precision casting mullite materials in China is expected to grow from RMB 972 million in 2024 to RMB 1.362 billion by 2029, with a compound annual growth rate (CAGR) of 7.0% [5] - The market for refractory mullite materials is projected to increase from RMB 5.526 billion in 2024 to RMB 6.431 billion by 2029, with a CAGR of 3.1% [5] Resource Acquisition - In October 2021, the company entered into an asset transfer agreement with Shuli Mining, acquiring the Shuli kaolin mine [5] - As of May 31, 2025, the estimated total mineral resources of the Shuli kaolin mine are approximately 18,649 thousand tons, with proven resources of 2,367 thousand tons, controlled resources of 8,990 thousand tons, and inferred resources of 7,292 thousand tons [5] Financial Performance - For the fiscal years ending December 31, the company reported revenues of approximately RMB 190.4 million in 2022, RMB 204.7 million in 2023, and projected RMB 267.1 million in 2024 [6] - The net profit and total comprehensive income for the same periods were RMB 24.4 million, RMB 43.6 million, and RMB 52.6 million respectively [6] - For the five months ending May 31, 2024, the company achieved revenue of approximately RMB 88.3 million and a net profit of RMB 14.5 million [6]

Core Viewpoint - Anhui Jinyan High-Tech Materials Co., Ltd. (referred to as Jinyan High-Tech) has passed the listing hearing on the Hong Kong Stock Exchange, with Guoyuan International and Minyin Capital as joint sponsors [1][3]. Company Overview - Jinyan High-Tech specializes in coal series kaolin in China, possessing a fully integrated value chain from mining, R&D, processing to production and sales [3]. - The company ranks fifth in the market with a 5.4% market share in the coal series calcined kaolin sector, based on revenue projections for 2024 [3][4]. Product Offering - The main products include precision casting mullite materials and refractory mullite materials, which are essential for precision casting shells and refractory materials [3]. - The company also sells semi-coke and semi-powder, which customers can further process [3]. Market Position - Jinyan High-Tech is the largest producer of precision casting mullite materials in China, holding a 19.1% market share according to 2024 revenue estimates [4]. - The market for precision casting mullite materials in China is expected to grow from RMB 972 million in 2024 to RMB 1.362 billion by 2029, with a compound annual growth rate (CAGR) of 7.0% [4]. - The market for refractory mullite materials is projected to increase from RMB 5.526 billion in 2024 to RMB 6.431 billion by 2029, with a CAGR of 3.1% [4]. Resource Base - The company has secured rich and high-quality mineral resources, including the acquisition of the Shuli kaolin mine in October 2021, which has an estimated total mineral resource of approximately 18.649 million tons [4]. Financial Performance - For the fiscal years ending December 31, Jinyan High-Tech reported revenues of approximately RMB 190.4 million in 2022, RMB 205 million in 2023, and projected RMB 267.1 million in 2024 [5]. - The net profit and total comprehensive income for the same periods were RMB 24.4 million, RMB 43.6 million, and RMB 52.6 million, respectively [5]. - The company’s revenue for the five months ending May 31, 2024, is projected at RMB 88.3 million, with a net profit of RMB 14.5 million [5].

Core Points - Longgao Co., Ltd. has seen a stock price increase of 5.07% on November 13, reaching 29.21 CNY per share, with a trading volume of 194 million CNY and a turnover rate of 3.79%, resulting in a total market capitalization of 5.234 billion CNY [1] - The stock has experienced a continuous rise for three days, accumulating a total increase of 14.64% during this period [1] Company Overview - Longgao Co., Ltd. is located in Longyan City, Fujian Province, and was established on April 25, 2003, with its listing date on April 16, 2021 [1] - The company's main business involves the mining, processing, and sales of kaolin, along with related technology research and development [1] - The revenue composition of the main business includes: raw ore 41.94%, comprehensive utilization 31.47%, refined ore 25.56%, and others 1.03% [1] Fund Holdings - According to data, one fund under Chuangjin Hexin holds a significant position in Longgao Co., Ltd., specifically the Chuangjin Hexin Qifu Selected Stock Initiation A (019338), which held 31,000 shares in the third quarter, accounting for 1.47% of the fund's net value [2] - The fund has realized a floating profit of approximately 43,700 CNY today, with a total floating profit of 110,100 CNY during the three-day increase [2] - The fund was established on September 19, 2023, with a latest scale of 20.1917 million CNY and has achieved a year-to-date return of 45.85%, ranking 660 out of 4216 in its category [2]

Group 1 - Longgao Co., Ltd. experienced a stock price increase of 5.02%, reaching 27.43 CNY per share, with a trading volume of 170 million CNY and a turnover rate of 3.54%, resulting in a total market capitalization of 4.915 billion CNY [1] - The company, established on April 25, 2003, and listed on April 16, 2021, is primarily engaged in the mining, processing, and sales of kaolin, along with related technology research and development [1] - The revenue composition of Longgao Co., Ltd. includes raw ore at 41.94%, comprehensive utilization at 31.47%, refined ore at 25.56%, and other sources at 1.03% [1] Group 2 - According to data, the fund "Chuangjin Hexin Qifu Youxuan Stock Initiation A" holds a significant position in Longgao Co., Ltd., with 31,000 shares, accounting for 1.47% of the fund's net value, ranking as the tenth largest holding [2] - The fund was established on September 19, 2023, with a latest scale of 20.1917 million CNY, achieving a year-to-date return of 45.28%, ranking 802 out of 4216 in its category [2] - The fund managers, Zhang Rong and Wang Yan, have tenures of 10 years and 5 years respectively, with Zhang's best fund return at 55.09% and Wang's at 47.01% during their respective tenures [2]

Group 1 - Sichuan Jinding's stock price increased by 7.33% on November 11, reaching 12.88 CNY per share, with a trading volume of 722 million CNY and a turnover rate of 16.85%, resulting in a total market capitalization of 4.495 billion CNY [1] - The stock has risen for four consecutive days, with a cumulative increase of 24.48% during this period [1] - Sichuan Jinding was established on September 7, 1988, and listed on October 8, 1993, primarily engaged in non-metallic mineral mining, processing, and product sales [1] Group 2 - The main revenue composition of Sichuan Jinding includes limestone (86.66%), logistics and transportation (7.41%), calcium oxide (3.16%), rental income (1.43%), and other services [1] - Among the top ten circulating shareholders, a fund under GF Fund, the GF CSI Building Materials Index A (004856), entered the list in the third quarter, holding 853,300 shares, accounting for 0.24% of circulating shares [2] - The fund has generated an estimated floating profit of approximately 750,900 CNY today and 2,013,900 CNY during the four-day increase [2] Group 3 - The fund manager of GF CSI Building Materials Index A is Lu Zhiming, who has a tenure of 14 years and 166 days, managing assets totaling 24.063 billion CNY [3] - The fund's best return during Lu's tenure was 119.61%, while the worst return was -63.28% [3]