Core Viewpoint - Haiwei Co., Ltd. (09609) has listed its shares at a price of HKD 14.28, issuing 35.456 million shares, with net proceeds of approximately HKD 452 million. As of the report, the stock has dropped by 5.46% to HKD 13.5, with a trading volume of HKD 103 million [1] Company Overview - Haiwei Co., Ltd. is the second-largest capacitor film manufacturer in China, with a market share of 10.9% in capacitor base film revenue as of 2024 [1] - The company's capacitor film products include capacitor base films and metallized films, which are key components of film capacitors used in various applications such as electric vehicles, renewable energy power systems, industrial equipment, and household appliances [1] Production Capabilities - Haiwei Electronics is the only company with the capability to independently design and develop capacitor base film production lines, with five production lines that are all self-designed and assembled [1] - The delivery time for the company's self-designed production lines is approximately 8 months, significantly shorter than the industry average of 3-5 years for imported production lines [1] - The investment cost for a single production line is about 120 million yuan, which is considerably lower than the domestic industry average [1] - The company can flexibly adjust production line parameters to offer products with thicknesses ranging from 2.7 micrometers to 13.8 micrometers, catering to various end-use applications [1]

智通财经APP讯，海伟股份(09609)于2025年11月20日至11月25日招股，该公司拟全球发售3083.14万股H 股，香港发售占10%，国际发售占90%。每股发售股份发售价14.28港元，H股将以每手200股H股买卖, 预期H股将于2025年11月28日(星期五)上午九时正于联交所开始买卖。 根据灼识咨询的资料，以2024年的电容器基膜销量计，我们是中国第二大的电容器薄膜制造商。我们的 电容器薄膜产品主要包括电容器基膜及金属化膜。该等产品为薄膜电容器的关键组成部分，而薄膜电容 器以其出色的耐电压性、高频稳定性及长使用寿命而著称。薄膜电容器的终端应用场景广泛，包括新能 源汽车，新能源电力系统，工业设备及家用电器。于2024年，按电容器基膜的收入计，我们于中国的市 场份额为10.9%。 于2022年及2023年，我们的收入分别为人民币3.27亿元及人民币3.3亿元。我们的收入由2023年的人民币 3.3亿元增长28.0%至2024年的人民币4.22亿元。我们的收入由截至2024年5月31日止五个月的人民币1.62 亿元减少3.2%至截至2025年5月31日止五个月的人民币1.57亿元。 公司与基石投资者汇 ...

来源|贝多商业&贝多财经 近日，港交所披露的信息显示，河北海伟电子新材料科技股份有限公司（下称"海伟电子"）通过上市聆讯，并披露了聆讯后资料集（即招股书）。据贝多商 业&贝多财经了解，海伟电子于2025年2月递表，"失效"后于2025年8月进行了更新。 特别说明的是，今年8月，中国证监会国际司发布了《关于河北海伟电子新材料科技股份有限公司境外发行上市及境内未上市股份"全流通"备案通知书》。 根据备案通知书，该公司拟发行不超过47,423,000股境外上市普通股并在香港联合交易所（即港交所）上市。 | | | 都在用的商业查询工具 | 自在权 白大分 ■XLPW | | | | --- | --- | --- | --- | --- | --- | | | | 国家中小企业发展子基金旗下机构 | 河北海伟电子新材料科技股份有限公司 | × | 天眼一下 | | 基本信息 118 | | 法律诉讼 1 | 经营风险 46 | 经营信息 560 | | | 股东信息 2 章 品股权结构 | | 园企业年报 | | | | | 最新公示4 | 工商管记4 | STATE VIP 历史股东信息2 股权变更历程5 2 | ...

Core Viewpoint - Hubei Longchen Technology is attempting its IPO on the Beijing Stock Exchange for the second time after facing previous setbacks due to concerns over related party transactions with Jiangsu Shuangkai Electronics [3][4][10]. Company Overview - Company Name: Hubei Longchen Technology Co., Ltd. - Established: November 6, 2003 - Major Shareholder: Lin Meiyun controls 54.08% of the shares - Main Business: Research, production, and sales of BOPP film materials for film capacitors, divided into base film and metallized film [5]. - Industry Position: Recognized as a high-tech enterprise and a national-level "specialized and innovative" small giant, with a market share of 16.9% in BOPP base film products, ranking first in the industry [5]. IPO Progress - The IPO application was first accepted in December 2022 but faced multiple delays and was ultimately terminated in 2023 due to issues related to related party transactions [2][3]. - In 2024, the company acquired the remaining equity of Jiangsu Shuangkai for 45 million yuan to eliminate concerns over related party transactions and restarted its IPO plan, which was accepted again in June 2025 [4][11]. Financial Performance - Revenue from 2022 to 2024 showed a continuous growth trend, with figures of 344 million yuan, 371 million yuan, and 604 million yuan, respectively, reflecting a compound annual growth rate of over 32% [12]. - However, net profit fluctuated significantly, with figures of 70.07 million yuan, 43.48 million yuan, and 69.31 million yuan during the same period [12][14]. - The company reported negative cash flow from operating activities over the three years, totaling a net outflow of 124 million yuan [15][16]. Profitability Concerns - The company's gross profit margin has been declining for two consecutive years, with rates of 41.12%, 33.23%, and 29.66% from 2022 to 2024, a total decrease of 11.46 percentage points [20]. - The decline in gross margin is attributed to falling product prices and rising costs of polypropylene resin, which constitutes 60%-70% of production costs and is heavily reliant on imports [21][22]. Industry Challenges - The domestic BOPP industry is experiencing overcapacity, with a significant increase in production lines leading to a supply-demand imbalance [26][29]. - By 2024, the BOPP industry's capacity reached 768,040 tons, with a utilization rate of only 59.82% [29]. - The company plans to raise 375 million yuan for expansion projects, but it faces challenges in justifying this to the Beijing Stock Exchange amid industry overcapacity concerns [30].