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To-be Listed (Grey Market Trading Session: 16:15-18:30)
Name
/
Code
Industry Listing Price Lot Size Entry Fee Phillip Grey Market Futu (HK) Grey Market
BrainAurora-B
06681.HK
Grey Market Today
Biotechnology - Supplies & Services 3.220 1,000 N/A
-
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Detail Quote
Last update:
Name
/
Code
Industry Offer Price Lot Size Entry Fee Closing Date
Grey Market Date
Listing Date
Conch Material Tech
02560.HK
Construction Materials 3-3.3 1,000 3,333 2025/01/06 2025/01/08 2025/01/09
ContiOcean
02613.HK
Application Software 31.8-39.8 100 4,020 2025/01/06 2025/01/08 2025/01/09
Bloks Group
00325.HK
Toys 55.65-60.35 300 18,288 2025/01/07 2025/01/09 2025/01/10
Numans Health Food
02530.HK
Health Care Supplies 0.8-1.09 8,000 8,808 2025/01/07 2025/01/09 2025/01/10
New Gonow RV
00805.HK
Automobile Manufacturers 1.24-1.64 2,000 3,313 2025/01/08 2025/01/10 2025/01/13
Yibin Bank
02596.HK
Diversified Banks 2.59-2.72 1,000 2,747 2025/01/08 2025/01/10 2025/01/13
Saimo Tech
02571.HK
Application Software 12-18 200 3,636 2025/01/10 2025/01/14 2025/01/15
Summary
We are a fine chemical materials supplier which produces and sells cement admixture (水泥外加 劑), concrete admixture (混凝土外加劑) and their respective upstream raw materials. Leveraging our R&D endeavours and capabilities, we also provide technical support to our customers relating to the products provided by us. According to Frost & Sullivan, we ranked first in the PRC in terms of both sales volume and revenue of cement admixtures in FY2023, with a market share of approximately 28.3% and 32.3%, respectively (in particular, we ranked first in the PRC in terms of sales volume and revenue of cement grinding aids (水泥助磨劑) in FY2023, with a market share of approximately 34.6% and 34.1%, respectively). Our sales volume of concrete admixtures accounted for approximately 0.8% of the total sales volume of concrete admixtures in the PRC in FY2023, whereas our revenue of concrete admixtures accounted for approximately 0.6% of the total revenue of concrete admixtures in the PRC in FY2023. Our sales volume of processed alcohol amines accounted for approximately 4.7% of the total sales volume of processed alcohol amines in the PRC in FY2023, whereas our revenue of processed alcohol amines accounted for approximately 3.9% of the total revenue of processed alcohol amines in the PRC in FY2023. Our sales volume of polyether monomers accounted for approximately 0.9% of the total sales volume of polyether monomers in the PRC in FY2023, whereas our revenue of polyether monomers accounted for approximately 1.0% of the total revenue of polyether monomers in the PRC in FY2023. We were established by Conch Holdings, a Fortune China 500 company that ranks the 135th in 2024, to explore the fine chemical materials market as a key enterprise with a full industrial spectrum of abilities to achieve energy conservation and efficiency improvement for the cement and concrete industry.

Our history can be traced back to 2018 when our Predecessor Company was established and subsequently began its business of production of cement and concrete admixture industry through the acquisition of Shandong Hongyi (currently known as Linyi Conch) and its subsidiary (i.e. Guizhou Conch) in 2018, and further acquisition of Meishan Conch and Xiangyang Conch in the same year, which was facilitated by a cooperation agreement entered into between our Predecessor Company and Hubei Xintongling. Before these acquisitions, Shandong Hongyi and Xintongling Group did not have any business relationship with our Controlling Shareholders and its subsidiaries and associates.

During the Track Record Period, we mainly sold cement admixture and concrete admixture, and their respective in-process intermediaries, namely, processed alcohol amine, polyether monomers and polycarboxylic acid mother liquor (聚羧酸母液) in the PRC. Respective in-process intermediaries of cement and concrete admixtures also serve as raw materials in the production of cement and concrete admixtures. As at 30 June 2024, we mainly sold our products under the brand trademarks of “CONCH ” and “Hongyi ”, which have strong brand influence and are highly attractive to customers.

For FY2021, FY2022, FY2023 and 6M2024, our revenue derived from cement admixture and its respective in-process intermediaries was RMB1,449.6 million, RMB1,357.8 million, RMB1,427.7 million and RMB618.4 million respectively, accounting for 94.3%, 73.8%, 59.6% and 56.0% of our total revenue in the same year/period. For FY2021, FY2022, FY2023 and 6M2024, our revenue derived from concrete admixture and its respective in-process intermediaries was RMB84.8 million, RMB460.4 million, RMB962.5 million and RMB482.7 million respectively, accounting for 5.5%, 25.1%, 40.2% and 43.7% of our total revenue in the same year/period.

We have a nationwide presence owing to our 11 production facilities located across the PRC. Our production facilities are each equipped with its own technical team and sales team. Our production facilities are located in Ningbo of Zhejiang Province, Linyi of Shandong Province, Guigang of Guangxi Zhuang Autonomous Region, Qiannan Buyi and Miao Autonomous Prefecture of Guizhou Province, Meishan of Sichuan Province, Tongling of Anhui Province, Xiangyang of Hubei Province, Xianyang of Shaanxi Province, Haidong of Qinghai Province, Kunming of Yunnan Province and Huludao of Liaoning Province, and had a total GFA of 123,950.22 m2 as at the Latest Practicable Date.

In order to promote our business growth, our R&D efforts focus on developing new products and new applications and improving production technologies to diversify our product portfolio and improve production efficiency. Our widely recognized R&D efforts have won us a number of awards and recognitions. In particular, we were awarded by State Council State-owned Enterprise Reform Leading Group* (國務院國有企業改革領導小組) “Scientific Reform Demonstration Enterprise* (科改示範企 業)” with a top ranking consecutively in 2022 and 2023. Further, we were awarded by China Building Materials Enterprise Management Association (中國建築材料企業管理協會) the “China’s Top 100 Innovative Building Materials Enterprises in 2022”, “China’s Top 100 Building Materials Enterprises with the Most Growth Potential in China in 2022” and “China’s 2022 Harmonious Building Materials Enterprises” in 2022.



Source: Conch Material Tech (02560) Prospectus (IPO Date : 2024/12/31)
Listing Market MAIN
Industry Construction Materials
Background H Shares
Major Business Area China
Corporate Information
Substantial Shareholders [00586] China Conch Venture Holdings Limited (36.47%)
Hubei Xintongling Equity Investment Co., Ltd. (18.07%)
Linyi Haihong New Material Technology Co., Ltd. (12.65%)
Directors Ding Feng (Chairman and Non-Executive Director)
Feng Fangbo (Vice Chairman and Non-Executive Director)
Chen Feng (General Manager and Chief Executive Officer and Executive Director)
Bai Lin (Chief Financial Officer and Executive Director)
Fan Haibin (Non-Executive Director)
Jin Feng (Non-Executive Director)
Zhao Hongyi (Non-Executive Director)
Chen Jiemiao (Independent Non-Executive Director)
Li Jiang (Independent Non-Executive Director)
Xu Xu (Independent Non-Executive Director)
Zeng Xiangfei (Independent Non-Executive Director)
Company Secretary Lee Leong Yin
Ning Jitai
Principal Bankers Bank Of China Bank
Agricultural Bank of China Limited
China Everbright Bank
Solicitors Deacons
Grandway Law Offices
Auditors KPMG
Registered Office Room 1920, 19/F, Lee Garden One, 33 Hysan Avenue, Causeway Bay Hong Kong
Share Registrars Tricor Investor Services Ltd. [Tel: (852) 2980-1333]
Share Registrars Tel No (852) 2980-1333
Internet Address http://www.conchmst.com
Email Address
Tel No
Fax No
 
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