According to the Zhicheng Finance APP, the new stock Wuhan Organic (02881) was listed for trading today. It opened high in the morning by 79.64% and continued to narrow in the afternoon. As of press time, it has risen by 27.27% to HK$7, with a transaction volume of HK$84.1571 million.

Wuhan Organic is a well-known supplier of toluene derivatives for both the Chinese and global market. They primarily focus on manufacturing toluene oxidation and chlorination products, benzoic acid amination products, and other refined chemical products through organic synthesis processes. As of the last feasible date, the company's line of self-made products mostly includes five toluene oxidation products, two toluene chlorination products, two benzoic acid amination products, and over 20 other refined chemical products with a wide range of market applications.

Wuhan Organic's industry ranking and market share in China and the global market confirm its leading position in toluene oxidation and toluene chlorination products. According to a Frost Sullivan report, based on 2023 sales revenue, the group is the largest manufacturer of benzoic acid and sodium benzoate in China and the second largest manufacturer of benzyl alcohol, accounting for 62.0%, 37.9% and 33.9% of China's total revenue in 2023, respectively.