New Stock News | CNGR Advanced Material (300919.SZ) through the Hong Kong Stock Exchange hearing, pCAM product sales value ranking first in the world.

According to the disclosure of the Hong Kong Stock Exchange on October 31, CNGR Advanced Material (300919.SZ) held a listing hearing on 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 innovative new energy materials company, mainly engaged in research and development, production, and sales of new energy battery materials focusing on positive electrode active material precursors (pCAM), as well as new energy metal products. The company adopts a vertical integration business model and can provide a comprehensive product matrix, including nickel-based, cobalt-based, phosphorous-based, sodium-based, and other innovative new energy battery materials, as well as new energy metal products. The company's new energy battery materials are widely used in electric vehicles, energy storage systems, consumer electronics, and applications with higher power demands and strong commercial potential (such as supporting artificial intelligence consumer electronics devices, humanoid Siasun Robot & Automation, and low-altitude aircraft) where lithium-ion batteries are essential. In terms of positive electrode active material precursors (pCAM) for nickel-based and cobalt-based lithium-ion batteries, the company is in a leading position worldwide. It has ranked first in shipments for five consecutive years since 2020, with market shares of 20.3% and 28.0% for nickel-based pCAM and cobalt-based pCAM for 2024. In terms of the sales value of all pCAM products, the company ranked first globally in 2024, with a market share of 21.8%. Currently, the company has established global influence in customer base, supply chain, and production bases, driving the company's future development. From 2022 to 2025, the revenue from direct customers outside China accounted for 33.7%, 41.1%, 44.5%, 45.4%, and 50.6% of total revenue, and the company's products are highly recognized globally. In terms of supply, the company has established a global supply chain to access high-quality and cost-effective resources, including nickel, phosphorus, and lithium resources, enabling the company to obtain stable and cost-effective raw material supplies and enhance business resilience. As of June 30, 2025, the company has four production bases in China, three production bases in Indonesia, one production base in Morocco, and is planning a production base in Indonesia and South Korea. Financially, as of the six months ended June 30, 2022, 2023, 2024, and 2025, CNGR Advanced Material's revenue was approximately RMB 30.344 billion, RMB 34.273 billion, RMB 40.223 billion, and RMB 21.323 billion, respectively; during the same period, the company's annual profit was approximately RMB 1.539 billion, RMB 2.1 billion, RMB 1.788 billion, and RMB 0.706 billion.