New Stock News | New energy materials giant CNGR Advanced Material (300919.SZ) Sprint to Hong Kong Stock Exchange with revenue exceeding 40 billion yuan in 2024.

According to the disclosure by the Hong Kong Stock Exchange on April 22, CNGR Advanced Material (300919.SZ) has submitted an application to the main board of the Hong Kong Stock Exchange, with Morgan Stanley and Huatai International as its joint sponsors. According to the prospectus, CNGR Advanced Material is an innovation-driven new energy materials company. Since 2020, the company has been the global leader in the shipment of nickel- and cobalt-based lithium-ion battery cathode active material precursors (pCAM) for five consecutive years, and in the first quarter of 2025, CNGR Advanced Material is also the largest supplier of phosphate-based pCAM in the global export market. CNGR Advanced Material focuses on research, development, production, and sales of new energy battery materials and new energy metal products. The company is committed to providing high-performance and environmentally friendly new energy materials to various fields, achieving global low-carbon and energy transformation, and ultimately leading a sustainable future. Starting from the innovation of new energy battery materials, the company has established an integrated operation from upstream new energy metal mining, smelting and refining, to new energy material production and recycling. In addition, CNGR Advanced Material has established a global influence in customer base, supply chain, and manufacturing bases, which drives the company's future development. The company's products are crucial for lithium-ion batteries, which are widely used in electric vehicles, energy storage systems, consumer electronics, and next-generation high-potential applications with significant electricity demand, such as AI-supported consumer electronic devices, humanoid Siasun Robot & Automation, and low-altitude aircraft (such as electric vertical take-off and landing aircraft and drones). CNGR Advanced Material strategically positions its production bases to leverage the enormous global demand in Asia, Europe, and North America, while maintaining flexibility in dealing with market complexities. As of December 31, 2024, the company has four production bases in China, three in Indonesia, one in Morocco, and is planning one production base each in Indonesia and South Korea. Financially, in 2022, 2023, and 2024, CNGR Advanced Material's revenue is approximately 30.344 billion, 34.273 billion, and 40.223 billion RMB respectively; during the same period, the company's annual profit is approximately 1.539 billion, 2.1 billion, and 1.788 billion RMB respectively.