According to the disclosure of the Hong Kong Stock Exchange on September 19, Anhui Conch Material Technology Co., Ltd. (Hereinafter referred to as "Conch Material Technology") submitted its listing application to the main board of the Hong Kong Stock Exchange, with CITIC Construction Investment International as its sole sponsor. 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.
Data show that the company ranked first in China's cement admixture market in fiscal year 2023, with a market share of about 28.3% and 32.3%. In the segment market of cement grinding AIDS, their market shares are about 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.
