Core Viewpoint - CNGR Advanced Material Co., Ltd. (2579.HK) is launching an IPO from today until November 12, offering 104 million H-shares at a price range of HKD 34 to HKD 37.8, with an expected listing date of November 17 [1][6]. Summary of Company Information - CNGR Advanced Material is a leading global supplier of new energy materials, primarily engaged in the research, production, and sales of positive active material precursors (pCAM) for lithium-ion batteries. The company has maintained the highest global shipment volume of nickel and cobalt-based pCAM since 2020, with market shares of 20.3% and 28.0% respectively for 2024 [7][12]. Business Model and Product Matrix - The company operates a vertically integrated business model, covering the entire value chain from raw material procurement to the production of key intermediate products and final battery materials. Its core products include nickel-based, cobalt-based, and sodium-based materials, which are essential for various applications such as electric vehicles, energy storage, and consumer electronics [10][39]. Market Opportunities - The global demand for pCAM is expected to grow significantly, driven by the surge in electric vehicle sales, which are projected to increase at a CAGR of 20.9% from 2024 to 2030. The demand for pCAM related to electric vehicles is anticipated to grow at a CAGR of 26.8% during the same period [23][25]. - The energy storage system market is also expected to see a robust growth rate of 29.7% from 2024 to 2030, further boosting the demand for pCAM [25]. Financial Data - The company's revenue has shown a consistent upward trend, with projected revenues of RMB 402.2 billion in 2024, up from RMB 342.7 billion in 2023 [48].

Group 1 - The core viewpoint of the article is that China-based battery materials supplier Zhongwei New Materials (2579.HK) is launching an IPO, offering 104 million H-shares with a price range of HKD 34 to HKD 37.8, aiming to raise up to HKD 3.94 billion before the greenshoe option [1] - The IPO will allocate approximately 50% of the raised funds to expand production and supply chain capabilities, around 40% for R&D and digital advancement in new energy battery materials, and about 10% for working capital and other general corporate purposes [1] - The company has attracted nine cornerstone investors, who collectively subscribed for nearly HKD 1.659 billion worth of shares, accounting for approximately 44.33% of the total shares offered [1] Group 2 - Zhongwei New Materials serves a diverse client base that includes leading companies in the new energy materials, battery, automotive, and consumer electronics sectors [2] - Notable clients of Zhongwei New Materials include CATL, Tesla, BYD, Toyota, LG Chem, Samsung SDI, and SK On [2]

Group 1 - The core viewpoint of the article is that China-based battery materials supplier Zhongwei New Materials (2579.HK) is launching an IPO, offering 104 million H-shares with a price range of HKD 34 to HKD 37.8, aiming to raise up to HKD 3.94 billion before the greenshoe option [1] - The IPO will allocate approximately 50% of the raised funds to expand production and supply chain capabilities, around 40% for R&D and digital advancement in new energy battery materials, and about 10% for working capital and other general corporate purposes [1] - The company has attracted nine cornerstone investors, who collectively subscribed for nearly HKD 1.659 billion worth of shares, accounting for approximately 44.33% of the total shares offered [1] Group 2 - Zhongwei New Materials serves a diverse client base that includes leading companies in the new energy materials, battery, automotive, and consumer electronics sectors [2] - Notable clients of Zhongwei New Materials include CATL, Tesla, BYD, Toyota, LG Chem, Samsung SDI, and SK On [2]