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Code▼ | Industry | Offer Price | Lot Size | Entry Fee | Closing Date | Grey Market Date▼ | Listing Date▲ | |
Haitian Flav 03288.HK | Food Additives | 35-36.3 | 100 | 3,667 | 2025/06/16 | 2025/06/18 | 2025/06/19 |
We are a company with business across the entire nickel industry value chain. We are engaged in both the trading and the production of nickel products. For nickel product trading, we ranked first globally in terms of nickel product trading volume in 2021, and first in China in terms of nickel ore trading volume in 2021, with a market share of 26.8% in 2021. For nickel product production, the HPAL project (the “HPAL project”) on the Obi Island, Indonesia, which we have jointly developed with our Indonesian Partner, is one of the most technically advanced nickel-cobalt compound hydrometallurgy projects worldwide, and has the lowest cash cost among all nickel-cobalt compound production projects worldwide, according to the CIC Report. Leveraging in-depth industry knowledge accumulated over the years, we have built a comprehensive product and service portfolio covering multiple areas across the nickel industry value chain, from upstream sourcing of nickel resources, trading and production of nickel products, to equipment manufacturing and sale. We continue to expand upstream and downstream in the nickel industry, vertically integrating across the nickel industry value chain. Our products are widely used in various downstream sectors including the NEV and stainless steel industries. During the Track Record Period, our financial results demonstrated our robust business operation capabilities. While our financial performance was temporarily affected by the Indonesian government’s export ban on nickel ore implemented in January 2020 (see “— Indonesian Government’s Export Ban on Laterite Nickel Ore” for more details), our revenue and net profit quickly recovered in 2021, primarily due to (i) increases in the average selling prices and sales volume of nickel ore and ferronickel for our trading business, and (ii) revenue and net profit contribution from HPL to our trading business and production business since the commencement of production of phase I of the HPAL project in May 2021. Our revenue and net profit increased significantly in the six months ended June 30, 2022 compared to the same period in 2021, primarily because we began to generate revenue from the sales of our self-produced nickel-cobalt compounds since November 30, 2021 as a result of our consolidation of HPL. As a result of the foregoing, in 2019, 2020 and 2021 and the six months ended June 30, 2021 and 2022, our revenue was RMB9,347.4 million, RMB7,755.2 million, RMB12,449.3 million, RMB4,088.3 million and RMB9,978.3 million, respectively, and our net profit was RMB566.7 million, RMB518.3 million, RMB1,260.0 million, RMB89.0 million and RMB2,289.6 million, respectively. See “Financial Information — Results of Operations” for more details. Source: Lygend Resources (02245) Prospectus (IPO Date : 2022/11/21) | |
Listing Market | MAIN |
Industry | Diversified Metals & Minerals |
Background | H Shares |
Major Business Area | N/A |
Substantial Shareholders | CAI Jianyong & Associates (Total share: 51.42%) Lim Shu Hua, Cheryl (Total share: 16.94%); (H share: 47.86%) Xie Wen (Total share: 9.77%); (H share: 7.84%) Ningbo Brunp Contemporary New Energy Co., Ltd (Total share: 3.19%); (H share: 9.01%) China State-Owned Enterprise Mixed Ownership Reform Fund Co., Ltd. (Total share: 2.24%); (H share: 6.32%) |
Directors | CAI Jianyong (Founder and Chairman and Executive Director) CAI Jianwei (Deputy General Manager and Executive Director) FEI Feng (Deputy General Manager and Executive Director) YU Weijun (Deputy General Manager and Executive Director) WANG Ling (Executive Director) Lawrence LUA Gek Pong (Non-Executive Director) HE Wanpeng (Independent Non-Executive Director) WANG James Jixian (Independent Non-Executive Director) ZHANG Zhengping (Independent Non-Executive Director) |
Company Secretary | CAO Zheng Chan Yuen Mui |
Principal Bankers | Bank of China Limited Agricultural Bank of China Limited China CITIC Bank Corporation Limited |
Solicitors | Zhejiang T&C Law Firm Herbert Smith Freehills |
Auditors | Ernst & Young |
Registered Office | 46th Floor, Hopewell Centre, 183 Queen’s Road East, Wan Chai, Hong Kong |
Share Registrars | Computershare Hong Kong Investor Services Ltd. [Tel: (852) 2862-8628] |
Share Registrars Tel No | (852) 2862-8628 |
Internet Address | http://www.lygend.com |
Email Address | [email protected] |
Tel No | (86 574) 2770-2241 |
Fax No |
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