Core Viewpoint - Baogai New Materials has submitted a listing application to the Hong Kong Stock Exchange, with Zhongtai International as its sole sponsor [1] Company Overview - Established in 2009, Baogai New Materials is a market and technology leader in China's composite material manhole cover industry, primarily producing GFRP manhole cover products and offering cable trench covers, drainage trench covers, and manhole covers [1] - The company operates three production plants located in Shandong and Shaanxi provinces, covering a total area of approximately 42,769 square meters, with a building area of about 23,400 square meters, equipped with the necessary production facilities [1] Market Position - According to Frost & Sullivan data, Baogai New Materials ranks first in the Chinese cable trench cover industry by revenue, with a market share of approximately 2.36% for 2024 [1] - The company also holds the top position in the GFRP cable trench cover sector, with a market share of about 8.94% [1] - In the overall manhole cover industry in China, Baogai New Materials ranks third, with a market share of 1.35% [1]

Core Viewpoint - Baogai New Materials has established itself as a market and technology leader in China's composite material manhole cover industry, focusing on GFRP manhole cover products to meet engineering and infrastructure needs [3]. Group 1: Company Overview - Baogai New Materials was founded in 2009 and specializes in producing GFRP manhole cover products primarily for engineering and infrastructure applications [3]. - The company's comprehensive product portfolio includes cable trench covers, drainage trench covers, and manhole covers, serving critical sectors such as electricity, transportation, urban utilities, water conservancy, and petrochemical engineering in China [3]. Group 2: Market Position - As of 2024, Baogai New Materials holds the top position in the Chinese cable trench cover industry with a market share of approximately 2.36%, which is about double that of the second-largest competitor [3]. - The company is also the leading player in the GFRP cable trench cover sector, with a market share of around 8.94%, again approximately double that of its closest rival [3]. - In the broader manhole cover industry, Baogai New Materials ranks third, capturing about 1.35% of the total market share [3]. Group 3: Financial Performance - For the fiscal year ending June 30, 2023, Baogai New Materials reported revenues of approximately 137.1 million RMB, with a net profit attributable to equity shareholders of about 25.2 million RMB [4][6]. - For the six months ending June 30, 2024, the company achieved revenues of approximately 46.1 million RMB and a net profit of about 4.9 million RMB [6]. - The company's operating profit for the fiscal year 2023 was approximately 28.3 million RMB, with a gross profit margin reflecting its operational efficiency [6].

Core Viewpoint - Baogai New Materials has established itself as a market and technology leader in China's composite material manhole cover industry, focusing on GFRP (Glass Fiber Reinforced Plastic) products for engineering and infrastructure needs [3]. Group 1: Company Overview - Baogai New Materials was founded in 2009 and specializes in producing GFRP manhole cover products primarily for engineering and infrastructure applications [3]. - The company's product portfolio includes cable trench covers, drainage trench covers, and manhole covers, serving critical sectors such as electricity, transportation, urban utilities, water conservancy, and petrochemical engineering in China [3]. Group 2: Market Position - As of 2024, Baogai New Materials holds the top position in China's cable trench cover industry with a market share of approximately 2.36%, which is about double that of the second-largest competitor [3]. - The company is also the leading player in the GFRP cable trench cover sector, with a market share of around 8.94%, again approximately double that of its closest rival [3]. - In the broader manhole cover industry, Baogai New Materials ranks third, capturing about 1.35% of the total market share [3]. Group 3: Financial Performance - For the fiscal year ending June 30, 2023, Baogai New Materials reported revenues of approximately 137.1 million RMB, with a gross profit of about 52.4 million RMB [4][6]. - The company’s projected revenues for the fiscal year ending June 30, 2024, are approximately 130.9 million RMB, with a gross profit of around 49.1 million RMB [6]. - The net profit attributable to equity shareholders for the fiscal year ending June 30, 2023, was approximately 25.2 million RMB, with earnings per share of 0.58 RMB [6].