IPO Plus - IPO

	Name▼ / Code▲	Industry	Listing Price	Lot Size	Entry Fee	Phillip Grey Market	Futu (HK) Grey Market
	Softcare 02698.HK Grey Market Today	Children's and Infant Products	Pending	200	5,292.85	-	-	Detail Quote
	Last update:

Name▼

Code▲

Industry

Listing Price

Lot Size

Entry Fee

Phillip Grey Market

Futu (HK) Grey Market

Softcare
02698.HK

Grey Market Today

Children's and Infant Products

Pending

200

5,292.85

Detail Quote

Last update:

	Name▼ / Code▼	Industry	Offer Price	Lot Size	Entry Fee	Closing Date	Grey Market Date▼	Listing Date▲
	CNGR 02579.HK	Battery Products	34-37.8	200	7,636.24	2025/11/12	2025/11/14	2025/11/17
	Biokin Pharm 02615.HK	Biotechnology - Pharmaceuticals	347.5-389	100	39,292.31	2025/11/12	2025/11/14	2025/11/17

Name▼

Code▼

Industry

Offer Price

Lot Size

Entry Fee

Closing Date

Grey Market Date▼

Listing Date▲

CNGR
02579.HK

Battery Products

34-37.8

200

7,636.24

2025/11/12

2025/11/14

2025/11/17

Biokin Pharm
02615.HK

Biotechnology - Pharmaceuticals

347.5-389

100

39,292.31

2025/11/12

2025/11/14

2025/11/17

Summary

We are a new energy materials company. We are primarily engaged in the research and development (R&D), production and sales of new energy battery materials with a focus on cathode active material precursors (pCAM), and new energy metal products. We are the global leader of nickel-based and cobalt- based cathode active material precursors (pCAM) for lithium-ion batteries, ranking the first by shipment volume for five consecutive years since 2020 with market share of 20.3% and 28.0% in terms of nickel- based pCAM and cobalt-based pCAM in 2024, respectively. We ranked the first globally in 2024 in terms of sales value for all pCAM products, with a market share of 21.8%. Our new energy battery materials are essential to lithium-ion batteries that are widely used in EV, ESS, consumer electronics, as well as applications with higher power demands and therefore strong commercial potentials, such as AI-enabled consumer electronic devices, humanoid robotics and low-altitude aerial vehicles. Starting from R&D for new energy battery materials, we have since established an integrated operation spanning from upstream new energy metals mining, smelting and refining to new energy materials production, and to recycling. Our integrated supply chain enables us to sell new energy metal products, which mainly include nickel intermediates and electrolytic nickel, as well as certain by-products of the nickel extraction process such as cobalt and copper. We have built a global presence in terms of customer base, supply chain and manufacturing sites, which propels our growth and future development. By production volume, we ranked the sixth in the global nickel product market in 2024, with a market share of 3.7%. Riding on the back of our technological know-how and vertically integrated operation globally, we have achieved global leadership in the new energy battery materials industry. Our business and products Our vertically integrated business model enables us to deliver a comprehensive product matrix that includes nickel-based, cobalt-based, phosphorus-based, sodium-based and other innovative new energy battery materials, along with new energy metal products. During the Track Record Period, substantially all of our new energy battery materials are pCAM, with all nickel-based and cobalt-based materials being pCAM. To better serve our customers and address evolving market demand, we launched phosphorus-based CAM in the second half of 2024. Leveraging our expertise in the market, we engaged in metals trading to better inform our core business and broaden our connections and reach in the industry since 2022. In our metals trading operations, we procure finished metal commodities, primarily electrolytic nickel, and subsequently sell them to buyers in the market to capture the price differentials. Since 2017, we from time to time resold externally sourced nickel raw materials, such as nickel matte, to maintain an optimal inventory level in response to the raw material price fluctuations. The nickel raw materials were procured externally for the initial purpose of producing our own products, as compared with the finished metal commodities under our metals trading business, which were held for future trading purpose only. Moreover, benefiting from our strong R&D and production capabilities, we also provide contract manufacturing services to our customers from time to time since 2017. Customers who have access to upstream raw material resources may choose to engage us for contract manufacturing services for our advanced technology, quality of products and large-scale production capacity of new energy battery materials, rather than purchasing new energy battery materials directly from us, when it more cost-effective for them. Under such arrangement, the customers will be responsible to provide relevant raw materials, and we will manufacture the relevant new energy battery materials according to the specifications required by the customers. Our R&D achievements We have established an integrated R&D platform that spans the entire production process and product life cycle from mineral metallurgy to new energy materials research and mass-production process development, to manufacturing equipment design and optimization, product testing and assessment, and to recycling. This enables us to achieve rapid product iteration. Since our inception, we have been continuously developing new products tailored to customer needs and adopting advanced technologies to enhance efficiency. Our breakthroughs include industry-first ultra-high nickel pCAM, 4.55V high voltage cobalt-based pCAM, and low-cost NFPP pCAM; experimental titanium-doped LFP pCAM; our pioneer position as the first in the world to employ eco-friendly OESBF pyrometallurgical technique to smelt lateritic nickel ores; and our centrifugal extraction technology that has transformed the nickel and cobalt hydrometallurgy. Source: CNGR (02579) Prospectus (IPO Date : 2025/11/07)
Listing Market	MAIN
Industry	Battery Products
Background	H Shares
Major Business Area	Global

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