① Jixin Guokong officially listed, how is the market's attention? ② Restructuring Energy Group files again, what are the key points of the company's business?
Financial Association Society September 8 news (Editor Feng Yi) Financial Association Society brings you weekly Hong Kong stock news.
As of the time of publication, this week (September 2-September 8), one company has filed for listing, and there is another new stock listed.
On September 2nd, Shanghai Chongshu Energy Group Co., Ltd. filed an application with the Hong Kong Stock Exchange Main Board, with China International Capital Corporation as its exclusive sponsor. The company had previously filed with the Hong Kong Stock Exchange on February 29th of this year.
According to the prospectus, Chongshu Energy is a leading hydrogen energy technology enterprise in China. According to information from Frost & Sullivan, based on the sales output power of hydrogen fuel cell systems in 2023, Chongshu Energy ranks first in the Chinese hydrogen fuel cell system market, with a market share of 23.8%.
Up to now, Chongshu Energy has established business relationships with many well-known international companies in the hydrogen fuel cell industry, such as Germany's Schaeffler Group and Toyota Motor in Japan. The company has also joined the International Hydrogen Council as one of the first Chinese companies, along with Great Wall Motor, Weichai Power, China National Energy Group, and China Petroleum & Chemical Corporation.
In terms of finance, from May 31, 2021 to May 31, 2024, Chongshu Energy achieved revenues of approximately 0.524 billion yuan, 0.605 billion yuan, 0.895 billion yuan, and 12.521 million yuan, respectively; during the same period, the company's losses for the year were approximately 0.654 billion yuan, 0.546 billion yuan, 0.578 billion yuan, and 0.409 billion yuan.
In addition, Jixin Guokong (08629.HK) completed the IPO this week and successfully listed. The company's public offering has a subscription rate of 10.06% for one hand, with a subscription multiple of approximately 14.33 times, and a final price of 9.9 Hong Kong dollars. However, due to the closure of the Hong Kong stock market all day (on the 6th) due to typhoon, the stock did not trade on its first day of listing.
However, Jixing Guokong's pre-listing dark pool surged more than 15% the previous day. Data shows that the company is mainly engaged in construction project testing and inspection services, with the main service targets being customers in Maoming, Guangdong Province, China.
In terms of financial condition, Jixin National Control's revenue in the fiscal years 2021, 2022, and 2023 was RMB 39.781 million yuan, RMB 19.966 million yuan, and RMB 41.5 million yuan, respectively. The compound annual growth rate for the fiscal year was 2.14%, and the net income for the same period was RMB 17.737 million yuan, RMB 2.912 million yuan, and RMB 13.254 million yuan, respectively.
