申万宏源香港在此次 发行中 始终秉承专业尽责的态度，凭借深厚 的市场经验、卓越的业务 能力与投资者覆盖优势，为公司上市保驾护 航。展望未来，申万 宏 源香港将继续发挥专业优势与平台 资源，为 公司提供全方位的金融综合服务。 注：相关服务由申万宏源香港的全资持牌子公司申万宏源融资 (香港) 有限公司及申万宏源证券 (香港) 有 限公司提供。 声明 2025 年 12 月 3 日，安徽金岩高岭土新材料股份有限公司（ " 金岩高岭新材"或"公司" ）成功在香港联交所主板首次公开发行股票并挂牌 上市，股份代号为 2693.HK ，最终定价为每股 7.3 港元，基础发行规模 1.8 亿港元。 申万宏源证券（香港）有限公司（"申万宏源香港"）担任本次发行的联席账簿管理人及联席牵头经办人。 金岩高岭新材在中国专 营煤系高岭土，拥有横跨从采矿、研发、 加工到生产、销售的全价值 链的整合能力。根据招股书披露， 2024 年中国煤系煅烧高岭土企 业收入统计，公司以 5.4% 的市场份额位列 行业第五 。作为国内煅烧高岭土产品的主要生产商，公司的业务依托 优质 丰富的煤系 高岭土矿产资源。核心产品涵盖精密铸造用莫来石 材 料与耐火 ...

Group 1 - The core viewpoint of the news is the successful listing of Anhui Jinyan Kaolin New Materials Co., Ltd. on the Hong Kong Stock Exchange, facilitated by ICBC International as a joint bookrunner and lead underwriter [1] - The company issued 24,300,000 shares at a price of HKD 7.30 per share, raising approximately HKD 177 million before the greenshoe option [1] - This issuance marks another significant achievement for ICBC International in supporting leading enterprises from Anhui to list in Hong Kong, showcasing its strong capabilities in capital market services [1] Group 2 - Anhui Jinyan Kaolin New Materials specializes in coal series kaolin and possesses integrated capabilities across mining, R&D, processing, 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 as of 2024 [2] - The company's products include materials for precision casting and refractory materials, which are essential for casting shells and refractory materials [2] Group 3 - ICBC International Holdings Limited is a wholly-owned subsidiary of Industrial and Commercial Bank of China in Hong Kong, providing a range of financial services including corporate financing, investment business, sales trading, and asset management [3] - The company leverages its parent bank's strong brand, financial strength, and extensive client base to serve both domestic and international capital markets [3] - ICBC International also offers market research services covering macroeconomics, international financial markets, and various trending industries [3]

最终发售价及配发公告显示，金岩高岭新材全球发售项下的发售股份数目24,300,000股H股，香港发售 股份数目2,430,000股H股，国际发售股份数目21,870,000股H股。 | 發售股份及股本 | | | --- | --- | | 發售股份數目 | 24,300,000 | | 香港公開發售的最終發售股份數目 | 2,430,000 | | 國際發售的最終發售股份數目 | 21,870,000 | | 上市時已發行股份數目 | 97,194,316 | 金岩高岭新材的联席保荐人为国元融资（香港）有限公司、民银资本有限公司；整体协调人、联席全球 协调人、联席账簿管理人及联席牵头经办人为国元证券经纪（香港）有限公司、民银证券有限公司、建 银国际金融有限公司、星展亚洲融资有限公司；联席账簿管理人及联席牵头经办人为华升证券（国际） 有限公司、第一上海证券有限公司、富途证券国际（香港）有限公司、工银国际证券有限公司、申万宏 源证券（000562）（香港）有限公司、盈立证券有限公司。 中国经济网北京12月3日讯 安徽金岩高岭土新材料股份有限公司（以下简称"金岩高岭新材"， 02693.HK）今日在港交所上市。截 ...

Group 1 - The Hong Kong stock market has seen a mixed performance of newly listed stocks, with some like Quantitative Group (02685.HK) and Innovation Industry (02788.HK) experiencing significant gains, while others like Haiwei Co. (09609.HK) and Zhongwei New Materials (02579.HK) faced declines on their debut [2] - On December 3, two new stocks, Jinyan Kaolin New Materials (02693.HK) and Lemo Technology (02539.HK), were listed and both showed positive performance, with Jinyan Kaolin New Materials seeing an increase of over 11% at the time of reporting [3] - Jinyan Kaolin New Materials had a strong showing during its public offering phase, achieving a subscription rate of 6,876.17 times for the Hong Kong public offering, with 2.43 million shares allocated, representing about 10% of the total shares offered [3] Group 2 - In the international placement, Jinyan Kaolin New Materials received a subscription rate of 2.01 times, with 23.36 million shares allocated, accounting for 90% of the total shares offered [3] - The company specializes in coal series kaolin in China and has integrated capabilities across mining, research and development, processing, production, and sales [3] - Jinyan Kaolin New Materials is a major producer of calcined kaolin products, with its offerings including precision casting materials and refractory materials, essential for industries such as automotive, aerospace, and general machinery [3] Group 3 - According to Frost & Sullivan, Jinyan Kaolin New Materials ranks fifth in market share among Chinese coal series calcined kaolin companies with a 5.4% share, and it is the largest producer of precision casting materials with a market share of 19.1% [4] - The company's revenue from 2022 to 2024 and the first five months of 2025 is reported as follows: 190 million RMB, 205 million RMB, 267 million RMB, and 105 million RMB, with corresponding profits of 24.42 million RMB, 43.62 million RMB, 52.60 million RMB, and 18.03 million RMB, indicating a positive growth trend in both revenue and profit [4]

Core Viewpoint - Jin Yan Gao Ling New Materials (02693) has successfully listed, with an initial share price of HKD 7.3, raising approximately HKD 124 million from the issuance of 24.3 million shares. The stock has seen a significant increase of 27.4%, trading at HKD 9.3 at the time of reporting [1]. Company Overview - Jin Yan Gao Ling New Materials specializes in coal series kaolin in China, possessing an integrated capability across the entire value chain from mining, R&D, processing to production and sales [1]. - The company ranks fifth in the market with a 5.4% market share in the revenue of coal series calcined kaolin companies in China, according to data from Frost & Sullivan [1]. - It is the largest producer of precision casting mullite materials in China, holding a market share of 19.1% based on projected revenues for 2024 [1]. Product Offering - The company’s primary products include precision casting mullite materials and refractory mullite materials, which are essential for precision casting shells and refractory materials [1]. - Additionally, the company sells semi-coke powder, which customers can further process [1].

Core Viewpoint - Jin Yan Gao Ling New Materials (02693) has successfully listed, with an initial share price of HKD 7.3, raising approximately HKD 124 million from the issuance of 24.3 million shares [1] Company Overview - The company specializes in coal series kaolin in China, possessing an integrated capability across the entire value chain from mining, R&D, processing to production and sales [1] - According to Frost & Sullivan, the company ranks fifth in the market with a 5.4% market share based on the revenue of coal calcined kaolin companies in China for 2024 [1] - Jin Yan Gao Ling New Materials is the largest producer of precision casting mullite materials in China, holding a market share of 19.1% based on 2024 revenue [1] Product Offering - The company's main products include precision casting mullite materials and refractory mullite materials, which are essential for precision casting shells and refractory materials [1] - The company also sells semi-coke and semi-powder, which customers can further process [1] Market Performance - As of the report, the stock price has increased by 21.78%, currently trading at HKD 8.89, with a trading volume of HKD 50.18 million [1]

招股书显示，金岩高岭新材在中国专营煤系高岭土，拥有横跨从采矿、研发、加工到生产、销售的全价 值链的整合能力。根据弗若斯特沙利文提供的数据，按2024年中国煤系煅烧高岭土公司的收入计算，公 司以5.4%的市场份额排名第五。根据弗若斯特沙利文提供的数据，按2024年的收入计算，金岩高岭新 材是中国最大的精铸用莫来石材料生产商，市场份额为19.1%。 金岩高岭新材(02693)首挂上市，公告显示，每股定价7.3港元，共发行2430万股股份，每手500股，所得 款项净额约1.24亿港元。截至发稿，涨27.4%，报9.3港元，成交额4289.08万港元。 作为中国煅烧高岭土产品的主要生产商，公司的业务以丰富且优质的煤系高岭土矿产资源为依托。公司 的产品主要包括精铸用莫来石材料和耐火用莫来石材料，这些产品是精铸型壳和耐火材料的重要材料。 公司也销售生焦生粉，客户可进一步加工。 ...

Core Viewpoint - Jin Yan Gao Ling New Materials (02693) has successfully listed, with an initial share price of HKD 7.3, issuing 24.3 million shares, and net proceeds of approximately HKD 124 million. The stock has risen by 27.4% to HKD 9.3 at the time of reporting, with a trading volume of HKD 428.9 million [1] Company Overview - Jin Yan Gao Ling New Materials specializes in coal-based kaolin in China, possessing an integrated capability across the entire value chain from mining, R&D, processing to production and sales [1] - According to Frost & Sullivan, the company ranks fifth in the market with a 5.4% market share based on the revenue of coal-based calcined kaolin companies in China for 2024 [1] - The company is the largest producer of precision casting mullite materials in China, holding a market share of 19.1% based on 2024 revenue [1] Product Offering - The company's main products include precision casting mullite materials and refractory mullite materials, which are essential for precision casting shells and refractory materials [1] - The company also sells semi-coke powder, which customers can further process [1]

Core Viewpoint - The company, Jinyan Gaoling New Materials, has officially launched its global offering in Hong Kong, aiming to raise approximately HKD 124.3 million through the issuance of 24.3 million shares at a price of HKD 7.3 per share [3][4]. Group 1: IPO Details - The global offering consists of 24.3 million shares, with 21.87 million shares allocated for international offering and 2.43 million shares for public offering in Hong Kong [3]. - The public offering period is from November 25 to November 28, with the final offer price and allocation results expected to be announced on December 2 [3]. - Trading of the shares on the Hong Kong Stock Exchange is set to commence on December 3, with a minimum investment cost of approximately HKD 3,686.82 for 500 shares [3]. Group 2: Use of Proceeds - Approximately 70.8% of the net proceeds will be allocated to the deep processing project of mullite-based aluminum-silicon materials [3]. - About 20.6% of the funds will be used to establish a research center for silicon-aluminum new materials engineering technology [3]. Group 3: Company Overview - Jinyan Gaoling New Materials specializes in coal-based kaolin, integrating the entire value chain from mining, research and development, processing, to production and sales [4]. - The company’s products include precision casting mullite materials and refractory mullite materials, which are essential for precision casting shells and refractory materials [4]. - As of May 31, 2025, the estimated total resource of the company's Shuli kaolin mine is approximately 18.649 million tons, with an estimated total ore reserve of about 6.062 million tons [4]. Group 4: Financial Performance - The company's revenue for the years 2022 to 2024 and the first five months of 2025 are projected to be RMB 190 million, RMB 205 million, RMB 267 million, and RMB 105 million respectively [4]. - The net profit and total comprehensive income for the same periods are expected to be RMB 24.423 million, RMB 43.617 million, RMB 52.602 million, and RMB 18.032 million, indicating a steady growth in revenue and profit [4].

Core Viewpoint - Jin Yan High Alumina New Materials has initiated an IPO, planning to globally offer 24.3 million H-shares at a price of HKD 7.30 per share, with expected listing on December 3 [1] Group 1: IPO Details - The global offering consists of 10% for public sale in Hong Kong and 90% for international sale, with an additional 15% over-allotment option [1] - The company has secured cornerstone investors including Pingmei Hong Kong, Chuangli Hong Kong, Jinyuan Hong Kong, and Degao Mining, collectively subscribing for HKD 76.2193 million of the offered shares [1] Group 2: Fund Utilization - Assuming the over-allotment option is not exercised, the net proceeds from the global offering are approximately HKD 124.3 million [1] - Approximately 70.8% of the proceeds will be allocated to the deep processing project of kaolin-based aluminum-silicon 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 3: Company Overview - The company specializes in coal-based kaolin in China, possessing full value chain integration capabilities from mining, R&D, processing to production and sales [1] - Its main products include precision casting kaolin materials and refractory kaolin materials, as well as coke and powder [1] - According to Frost & Sullivan data, the company ranks fifth in the market with a 5.4% market share based on revenue from coal-based calcined kaolin companies in China for 2024 [1]