New stock news | Jinyan Gaoxin Port Stock IPO has been accepted by the China Securities Regulatory Commission.

On October 18th, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice of Overseas Issuance and Listing Filing of Anhui Jinyan Kaolin New Material Co., Ltd." The company plans to issue no more than 27,945,000 shares of overseas-listed common stock and list on the Hong Kong Stock Exchange. The prospectus shows that Jinyan Kaolin specializes in coal-based kaolin in China and has integrated capabilities across the entire value chain from mining, research and development, processing, production, to sales. As a major producer of calcined kaolin products in China, the company's business is based on abundant and high-quality coal-based kaolin mineral resources. The company's products mainly include fine-casting mullite materials and refractory mullite materials, which are important materials for precision casting shells and refractory materials. The company also sells raw coke powder, which customers can further process. With a vertically integrated business model and product quality advantages, Jinyan Kaolin has established a solid market position. According to data provided by Frost & Sullivan, based on revenue in 2024, the company is the largest producer of fine-casting mullite materials in China, with a market share of 19.1%. According to the same data source, the market size of fine-casting mullite materials in China is expected to increase from approximately 972 million yuan in 2024 to 1.362 billion yuan in 2029, with a compound annual growth rate of 7.0%. It is also expected that the market size of refractory mullite materials in China will increase from 5.526 billion yuan in 2024 to 6.431 billion yuan in 2029, with a compound annual growth rate of 3.1%.