New Stock News | "Chemical Industry Veteran" Befar Group (601678.SH) undergoes hearing at the Hong Kong Stock Exchange; 2025 revenue is expected to increase by 45%.

According to the disclosure on June 23 by the Hong Kong Stock Exchange, Befar Group Limited (referred to as Befar Group, 601678.SH) has conducted a listing hearing on the main board of the Hong Kong Stock Exchange, with Huatai International and China International Capital Corporation as its joint sponsors. According to the prospectus, Befar Group is a domestic comprehensive chemical group, founded in 1968, and has been deeply involved in the chemical industry for over 50 years. The company mainly engages in the production and sale of caustic chemicals, carbon three and carbon four chemicals, and wet electronic chemicals. The company's core products include caustic soda, epichlorohydrin, MTBE, and electronic grade hydrofluoric acid. The caustic chemical sector has always been the company's core business. Caustic chemicals are core inorganic chemicals produced by electrolyzing saturated brine (sodium chloride solution) through ion membrane electrolysis technology. They are indispensable raw materials for industries such as chemicals, textiles, metallurgy, and pharmaceuticals. The carbon three and carbon four chemical sector have been an important business developed by Befar Group in recent years. The company's core facilities include propane dehydrogenation, butane isomerization, epichlorohydrin and methyl tert-butyl ether units, all of which achieved full capacity utilization by December 31, 2025. The company's carbon three and carbon four chemicals are widely used in industries such as plastics, rubber, textiles, and electronic materials. In 2018, Befar Group strategically entered the wet electronic chemicals field with a breakthrough in 6,000 tons/year production capacity of electronic grade hydrofluoric acid. Electronic grade hydrofluoric acid (semi G5) is a core wet electronic chemical widely used in semiconductor and microelectronics manufacturing. With an integrated industrial chain layout, Befar Group can also independently produce some raw materials required for production and operation, including: (i) the annual design capacity of raw salt in Zhanhua base is about 500,000 tons, meeting about 50% of the total consumption of raw salt required for the production of caustic soda; and (ii) the annual design capacity of propylene in Beihai base is about 600,000 tons, sufficient to meet all propylene consumption for the production of epichlorohydrin. Financially, the company's revenue is approximately RMB 7.306 billion, RMB 10.228 billion, and RMB 14.836 billion in 2023, 2024, and 2025 respectively. During the same period, the company's annual profit is approximately RMB 399 million, RMB 217 million, and RMB 235 million respectively.