According to the disclosure of the Hong Kong Stock Exchange on December 27, Anhui Conch Material Technology Co., Ltd. passed the hearing of listing on the Hong Kong Stock Exchange, and CITIC Construction Investment International was the sole sponsor.
It is understood that the HKEx disclosed on September 19 that Conch Material Technology submitted an application for listing to the main board of the HKEx. The company submitted its listing application to the main board of the Hong Kong Stock Exchange on December 28, 2023.
It is reported that Conch Material Technology is a fine chemical material supplier that produces and sells cement admixtures, concrete admixtures and related upstream raw materials. Conch Kechuang is the largest shareholder of Conch Material Technology, holding 48.62% of the shares, while Conch Kechuang is 100% controlled by Anhui Conch Group. According to Frost & Sullivan, Ningbo Conch New Materials Co.
, Ltd., an integrated enterprise in the production of
cement and concrete admixtures, ranks first in China in terms of sales volume and revenue of cement admixtures in fiscal year 2023, with a market share of about 28.3% and 32.3% respectively. In terms of sales volume and revenue of cement grinding AIDS in FY2023, the Company ranked first in China, with a market share of approximately 34.6% and 34.1% respectively. In terms of
performance, in the six months of fiscal year 2021, fiscal year 2022, fiscal year 2023 and fiscal year 2024, Conch Material Technology realized revenue of about 1.538 billion yuan, 1.840 billion yuan, 2.396 billion yuan and 1.103 billion yuan, respectively; Profits for the year were approximately 127 million yuan, 92.4 million yuan, 144 million yuan and 60.2 million yuan respectively.
During each of the Track Record Periods, Conch Material's revenue from Conch Cement Group, its largest customer , was approximately 808 million yuan, 765 million yuan, 762 million yuan and 339 million yuan, respectively. They accounted for approximately 52.5%, 41.6%, 31.8% and 30.7% of the total revenue for the corresponding years/periods, respectively.
