Futu News, June 30th: Thursday of this week. $CHINA GRAPHITE (02237.HK)$Announcement: The company will conduct IPO from June 30th to July 8th, planning to issue 0.4 billion shares, including 40 million shares for public offering, 0.36 billion shares for international offering, with an issue price of 0.325 Hong Kong dollars to 0.375 Hong Kong dollars per share, in lots of 0.01 million shares, expected to be listed on July 18.
The company in China engages in the production and sale of flake graphite ore and spherical graphite. The company's origins can be traced back to 2006 when it started the operation of selecting and selling flake graphite ore (carbon content mainly 94% to 96.8%) under the name Yixiang Graphite. The company expanded its business in 2012 under the name Yixiang New Energy to process and sell spherical graphite (carbon content mainly over 99%).
Due to the high carbon content of the company's flake graphite ore, it is used for heat-resistant materials, production of spherical graphite for electronic devices, and as an anode material for lithium-ion batteries in new energy electric vehicles. As a by-product of its spherical graphite processing, the company also sells micro graphite powder and high-purity graphite powder.
Financially, as of the fiscal years ended December 31, 2019, 2020, and 2021, the company's revenue was RMB 0.124 billion, 0.169 billion, and 0.198 billion respectively, with net income of 24.549 million, 37.859 million, and 53.325 million in the same period.
In terms of industry, due to the growth of new energy vehicles and energy storage systems...