On the morning of November 7, CNGR Advanced Material Co., Ltd. (300919.SZ), a global leader in new energy materials, disclosed its H-share prospectus, announcing the preliminary price range for its Hong Kong IPO at HK$34.00 to HK$37.80 per share. The company plans to issue 104,225,400 H-shares globally (subject to adjustment based on the greenshoe option and over-allotment), with 10,422,600 shares (10% of the total offering) initially allocated for the Hong Kong public offering (subject to reallocation) and 93,802,800 shares (90% of the total offering) for international placement (subject to reallocation and over-allotment). Within 30 days after the listing date, the global coordinator may exercise the over-allotment option to request the issuance of up to 15,633,800 additional H-shares at the offer price.

As the second A+H dual-listed core player in the new energy sector after CATL, CNGR Advanced Material holds a pivotal position as a global leader in precursor and cathode materials for new energy batteries. Its products form the core components of lithium-ion batteries, significantly influencing battery performance. The company’s upcoming Hong Kong listing highlights its industry leadership, comprehensive cyclical resilience, and anticipated earnings recovery, aligning with foreign investors’ optimistic outlook on China’s new energy sector.