02502 金源氫化
JINYUAN HCHEM
JINYUAN HCHEM
| Listing Date | 2023/12/20 |
| Listing Price | 1.200 |
Quote
Subscription Result
- Subscription Rate42.82x
- Guarantee One Lot Size7 lot
- One Lot Success Rate68.01%
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IPO Detail
COMPANY PROFILE
Henan Jinyuan Hydrogenated Chemicals Co., is a supplier of hydrogenated benzene-based chemicals and energy products in Henan province, primarily focusing on the production and processing of hydrogenated benzene-based chemicals, which principally include pure benzene, toluene and xylene; and energy products comprising LNG and coal gas.
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According to report, based on revenue in 2022, it was the largest pure benzene supplier in Henan province with a market share of 18.6%, with the market size of pure benzene in Henan province accounting for 3.4% of the market share in China; and the third largest LNG supplier in Henan province with a market share of 4.9%, with the market size of LNG in Henan province accounting for 1.8% of the market share in China.
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During the period comprising FY2020, FY2021, FY2022 and 6M2023, the Group mainly sold LNG to industrial users, trading customers and retail customers at oil and gas stations. It operated six oil and gas stations stationed in Jiyuan city, Henan province, among which four of them are equipped with LNG refueling facilities.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Chemicals |
| Major Business Area | China |
| Board Lot | 2000 |
GLOBAL OFFERING
| No. of Offer Shares | 238.91M H shares |
| No. of International Offer Shares | 167.24M H shares |
| No. of HK Offer Shares | 71.67M H shares |
| Offer Price | $1.10 - $1.50 |
| Stock Code | 2502 |
| Sponsor(s) | Haitong International Capital Limited |
| Underwriter(s) | Haitong International Securities Company Limited, CCB International Capital Limited, ABCI Securities Company Limited, Central China International Capital Limited, China Everbright Securities (HK) Limited, China Galaxy International Securities (Hong Kong) Co., Limited, CMB International Capital Limited, ICBC International Securities Limited, Livermore Holdings Limited, Maxa Capital Limited, Shenwan Hongyuan Securities (H.K.) Limited, UOB Kay Hian (Hong Kong) Limited, Huaan Securities (Hong Kong) Brokerage Limited |
TIME TABLE
| Application Period | Dec 12 (Tue) - noon, Dec 15 (Fri) |
| Price Determination Date | Dec 18 (Mon) |
| Result Announcement Date | On or before Dec 19 (Tue) |
| Result Announcement Date | On or before Dec 19 (Tue) |
| Result Announcement Date | On or before Dec 20 (Wed) |
| Dealings in Shares commence on | Dec 20, 2023. (Wed) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
| % of total shares reallocated to HK Offer | 30% | 40% | 50% |
Sales Statistics (HKD)
| Offer Price | $1.10 - $1.50 |
| Capitalization (H Shares) | 262.80M - 358.40M |
| NAV / share ($) | $1.03 - $1.14 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 1.30, the net proceeds raised would be HKD 269.10M, of which |
| 85% : Construction of six to10 additional gas stations with hydrogen refuelling facilities in Zhengzhou |
| 5% : Investment in and/or acquisition of selected upstream and downstream market players |
| 10% : Working capital |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).