New stock news | Hailuo Material Technology disclosed its financial statements with the Hong Kong Stock Exchange for the second time and achieved a revenue of 2.396 billion yuan in the 2023 fiscal year.

According to the disclosure of the Hong Kong Stock Exchange on September 19, Anhui Hailuo Material Technology Co., Ltd. (referred to as "Hailuo Material Technology") has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with China Securities Co., Ltd. International as its exclusive sponsor. The company had previously submitted a listing application to the main board of the Hong Kong Stock Exchange on December 28, 2023. According to the prospectus, Hailuo Material Technology is a fine chemical material supplier engaged in the production and sale of cement additives, concrete additives, and related upstream raw materials. With the company's research and development efforts and capabilities, the company also provides technical support related to the products it provides to customers. Established by Fortune China's top 500 company Hailuo Group (ranked 135th in 2024), as a backbone enterprise with comprehensive capabilities in energy conservation, emission reduction, carbon reduction, and efficiency enhancement in the cement and concrete industry, the company is committed to expanding the market for fine chemical materials. The company's products mainly include: (i) various types of cement additives and concrete additives; (ii) in-process intermediate products for cement additives (namely Amino alcohols); and (iii) in-process intermediate products for concrete additives (namely polyether monomers and polycarboxylic acid mother liquor). The company's products are mainly used in the production process of cement and concrete with the aim of improving the production process of cement and concrete, enhancing overall quality, performance, and functionality (such as durability and workability), and reducing energy consumption during production to improve the economic benefits of cement and concrete producers. In particular, the company's cement additives can improve the grindability of cement, thereby increasing production efficiency and cement output. The company's concrete additives can improve the stability and durability of concrete by reducing water usage in the concrete production process, thereby enhancing the quality of concrete. According to Frost & Sullivan data, based on cement additive sales and revenue in the 2023 fiscal year, the company ranked first in China with market shares of approximately 28.3% and 32.3% respectively (specifically, based on cement grinding aid sales and revenue in the 2023 fiscal year, the company ranked first in China with market shares of approximately 34.6% and 34.1% respectively). In the 2023 fiscal year, the company's concrete additive sales accounted for approximately 0.8% of total concrete additive sales in China, while the company's concrete additive revenue accounted for approximately 0.6% of total concrete additive revenue in China in the 2023 fiscal year. In the 2023 fiscal year, the company's amino alcohol product sales accounted for approximately 4.7% of total amino alcohol product sales in China, while the company's amino alcohol product revenue accounted for approximately 3.9% of total amino alcohol product revenue in China. In the 2023 fiscal year, the company's polyether monomer sales accounted for approximately 0.9% of total polyether monomer sales in China, while the company's polyether monomer revenue accounted for approximately 1.0% of total polyether monomer revenue in China. The company has a nationwide presence with 11 production plants in different locations across China. Each production plant has its own technical and sales team. The production plants are located in Ningbo City, Zhejiang Province; Linyi City, Shandong Province; Guigang City, Guangxi Zhuang Autonomous Region; Qiannan Buyi and Miao Autonomous Prefecture, Guizhou Province; Meishan City, Sichuan Province; Tongling City, Anhui Province; Xiangyang City, Hubei Province; Xianyang City, Shaanxi Province; Haidong City, Qinghai Province; Kunming City, Yunnan Province; and Huludao City, Liaoning Province, with a total construction area of 124,000 square meters. Financially, in the 2021 fiscal year, 2022 fiscal year, 2023 fiscal year, and the first half of 2024, Hailuo Material Technology achieved revenues of approximately RMB 1.538 billion, RMB 1.84 billion, RMB 2.396 billion, and RMB 1.103 billion respectively. During the same period, net profits were approximately RMB 127 million, RMB 92.4 million, RMB 144 million, and RMB 60.2 million respectively.