Core Viewpoint - Zhongwei New Materials Co., Ltd. is entering the final stage of its IPO in Hong Kong, having completed the offering of 104.2254 million H-shares at a price range of HKD 34 to HKD 37.8, aiming to raise up to HKD 3.94 billion [1][3]. Group 1: IPO Details - The IPO consists of 10% for public offering in Hong Kong and 90% for international placement [1]. - The cornerstone investors include nine institutions that collectively subscribed for nearly HKD 1.659 billion worth of shares, accounting for approximately 44.3% of the total offering [2][4]. Group 2: Investment Appeal - Zhongwei New Materials has established a strong competitive edge in the lithium battery precursor materials sector, with a comprehensive integrated industrial chain from resource development to recycling, which is attractive to investors [4][17]. - The scarcity of quality investment targets in the Hong Kong market for new energy materials, with Zhongwei being the second company to achieve A+H listing, enhances its appeal to global capital [4][5]. - The company has received an AA rating in the MSCI ESG domain, making it attractive to investors focused on ESG principles [5][14]. Group 3: Institutional Support - The cornerstone investors include local government industrial support funds, industry partners, and well-known domestic and foreign investment institutions, indicating strong institutional confidence in Zhongwei's future [8][12]. - The Guizhou New Industrialization Fund's participation reflects local government support for Zhongwei's sustainable development [9][11]. Group 4: Future Growth Prospects - Analysts predict that Zhongwei's net profit will grow significantly from 2025 to 2027, driven by the recovery of nickel prices and increasing demand for ternary precursors [16][17]. - The company has built a diversified product matrix and a global development framework, positioning itself to capitalize on the booming new energy battery market [17].