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三环集团港股IPO:电子材料龙头布局A+H,近年来营收利润持续增长
Sou Hu Cai Jing· 2025-12-11 23:58
Group 1 - The core business of the company focuses on electronic and ceramic materials, electronic components, communication devices, and equipment components, which are applied in various terminal devices and infrastructure, including automobiles, mobile phones, data centers, and base stations [2][4] - The company has a global operational network with 10 production bases, including locations in China, Germany, and Thailand, and holds the leading global market share in several product categories, such as over 50% in alumina ceramic substrates and over 70% in ceramic inserts and sleeves [4] - The company's revenue from electronic components has significantly increased, rising from 16.2% in 2022 to 36.1% in the first three quarters of 2025, making it a core revenue pillar [4] Group 2 - The company has shown steady growth in operating performance, with revenue increasing from 5.089 billion yuan in 2022 to 7.266 billion yuan in 2024, and net profit rising from 1.506 billion yuan to 2.19 billion yuan during the same period [6] - As of the end of the third quarter of 2025, the company reported a cash and cash equivalents total of 4.299 billion yuan, indicating a relatively strong cash flow position [8] - The company plans to use the funds raised from its Hong Kong IPO for overseas expansion projects, automation construction, technology iteration, material innovation, and working capital [10]