02693 金岩高嶺新材
JINYAN KAOLIN
JINYAN KAOLIN
| Listing Date | 2025/12/03 Listed Today |
| Listing Price | 7.300 |
Subscription Result
- Subscription Rate6,876.17x
- Guarantee One Lot Size--
- One Lot Success Rate0.03%
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IPO Detail
COMPANY PROFILE
Anhui Jinyan Kaolin New Materials Co. specialize in coal-series kaolin in China, with integrated capabilities spanning the value chain from mining, R&D, processing to production and sales.
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The Group’s products mainly include precision casting mullite products and refractory mullite products, which are essential materials for precision casting shell mold and refractory materials.
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According to Frost & Sullivan, the Group ranked fifth in terms of revenue of coal-series calcined kaolin companies in China in 2024, with a market share of 5.4%. The Group was the largest precision casting mullite products producer in China in terms of the revenue in 2024, with a market share of 19.1%.
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Since 2021, the Group has fully owned the Shuoli Kaolin Mine in Huaibei City, Anhui Province. As of May 31, 2025, the Group’s Shuoli Kaolin Mine possesses total estimated Mineral Resources of approximately 18,649 kt. As of November 12, 2025, the Group operated three production facilities in Duji District, Huaibei, Anhui Province in the PRC, namely Mining Plant, Chamotte Plant and Mullite Precision Casting Sand and Powder Plant.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Diversified Metals & Minerals |
| Major Business Area | China |
| Board Lot | 500 |
GLOBAL OFFERING
| No. of Offer Shares | 24.30M H shares |
| No. of International Offer Shares | 21.87M H shares |
| No. of HK Offer Shares | 2.43M H shares |
| Offer Price | $7.30 |
| Stock Code | 2693 |
| Sponsor(s) | Guoyuan Capital (Hong Kong) Limited, CMBC International Capital Limited |
| Underwriter(s) | Guoyuan Securities Brokerage (Hong Kong) Limited, CMBC Securities Company Limited, CCB International Capital Limited, DBS Asia Capital Limited, China Sunrise Securities (International) Limited, First Shanghai Securities Limited, Futu Securities International (Hong Kong) Limited, ICBC International Securities Limited, Shenwan Hongyuan Securities (H.K.) Limited, uSmart Securities Limited |
TIME TABLE
| Application Period | Nov 25 (Tue) - noon, Nov 28 (Fri) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Dec 02 (Tue) |
| Result Announcement Date | On or before Dec 02 (Tue) |
| Result Announcement Date | On or before Dec 03 (Wed) |
| Dealings in Shares commence on | Dec 03, 2025. (Wed) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $7.30 |
| Capitalization (H Shares) | 177.40M |
| NAV / share ($) | $5.27 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 7.3, the net proceeds raised would be HKD 124.30M, of which |
| 70.8% : Deep processing project of mullite-based aluminosilicate materials |
| 20.6% : Establishment of new aluminosilicate material engineering and technology research center |
| 0.6% : Repay the aggregate principal amounts |
| 8% : Working capital |
IPO NEWS
| 03/12/2025 16:08 |
| {New Stock}JINYAN KAOLIN(02693) ends up 2.19% at HK$7.46 |
| 03/12/2025 09:20 |
| {New Stock}JINYAN KAOLIN(02693) opens up 27.4% at HK$9.3 |
| 02/12/2025 18:35 |
| {New Stock}JINYAN KAOLIN ends up 37.67% on grey market |
| 02/12/2025 16:20 |
| {New Stock}JINYAN KAOLIN up 33.29% at HK$9.73 on grey market |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).