02579 中偉新材
CNGR
CNGR
| Listing Date | 2025/11/17 Listing in 4 Days |
| Listing Price | -- |
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IPO Detail
COMPANY PROFILE
CNGR Advanced Material Co. is a new energy materials company. The Group is primarily engaged in the research and development, production and sales of new energy battery materials with a focus on cathode active material precursors (pCAM), and new energy metal products.
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The Group is the global leader of nickel-based and cobalt-based cathode active material precursors (pCAM) for lithium-ion batteries, ranking the first by shipment volume for five consecutive years since 2020 with market share of 20.3% and 28% in terms of nickel-based pCAM and cobalt-based pCAM in 2024, respectively. The Group ranked the first globally in 2024 in terms of sales value for all pCAM products, with a market share of 21.8%.
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As of June 30, 2025, the Group had four production bases in China, three production bases in Indonesia, one production base in Morocco and one production base under planning in each of Indonesia and South Korea.
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The Group’s customers are mainly leading companies in the global new energy materials, battery, automotive and consumer electronics industries. The Group supplied to top 10 global EV battery manufacturers by shipments in 2024. The Group generated a majority of its revenue from the sales of new energy battery materials and new energy metal products.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Industrials |
| Major Business Area | Global |
| Board Lot | 200 |
GLOBAL OFFERING
| No. of Offer Shares | 104.23M H shares |
| No. of International Offer Shares | 93.80M H shares |
| No. of HK Offer Shares | 10.42M H shares |
| Offer Price | $34.00 - $37.80 |
| Stock Code | 2579 |
| Sponsor(s) | Morgan Stanley Asia Limited, Huatai Financial Holdings (Hong Kong) Limited |
| Underwriter(s) | Morgan Stanley Asia Limited, Huatai Financial Holdings (Hong Kong) Limited, China International Capital Corporation Hong Kong Securities Limited, BNP Paribas Securities (Asia) Limited, ABCI Capital Limited, BOCI Asia Limited, ICBC International Securities Limited, CCB International Capital Limited, Mizuho Securities Asia Limited, Tiger Brokers (HK) Global Limited, First Shanghai Securities Limited |
TIME TABLE
| Application Period | Nov 07 (Fri) - noon, Nov 12 (Wed) |
| Price Determination Date | Nov 13 (Thu) |
| Result Announcement Date | On or before Nov 14 (Fri) |
| Result Announcement Date | On or before Nov 14 (Fri) |
| Result Announcement Date | On or before Nov 17 (Mon) |
| Dealings in Shares commence on | Nov 17, 2025. (Mon) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $34.00 - $37.80 |
| Capitalization (H Shares) | 3.54B - 3.94B |
| NAV / share ($) | $21.86 - $22.23 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 35.9, the net proceeds raised would be HKD 3.63B, of which |
| 50% : Expand production and supply chain capabilities |
| 40% : R&D of new energy battery materials and advancing digitalization |
| 10% : Working capital |
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).