产能方面，于最后实际可行日期(2023年12月19日)，海螺材料科技在中国各地设有十个生产水泥及混凝土外加剂以及其相关过程中间体的生产工厂。于最后实际可行日期，该司分别拥有20条、22条、16条、5条及45条生产水泥外加剂、混凝土外加剂、醇胺产品、聚醚单体及聚羧酸母液的生产线。The Conch Material Technology prospectus submitted to the Hong Kong Stock Exchange on December 28, 2023 expired for six months, and its current status indicates that it has expired.
The Zhitong Finance App learned that the Conch Material Technology prospectus submitted to the Hong Kong Stock Exchange on December 28, 2023 expired for six months, and the current status shows that it has expired. It is worth noting that on January 19, the China Securities Regulatory Commission issued a notice requesting supplementary materials for overseas issuance and listing. The announcement mentioned requiring Conch Materials Technology to provide additional explanations on matters such as whether there are “high energy consumption” and “high emission” projects, whether benefits are transferred to related parties, and whether shares held by “fully circulating” shareholders have been pledged.
According to the prospectus, Conch Material Technology is the only supplier of new fine chemical materials in the world covering the entire cement admixture and concrete admixture industry chain, integrating R&D, production, sales and technical support. During the track record period, the company mainly sold cement admixtures and concrete admixtures and their related process intermediates, namely alcoholamine products, polyether monomers, and polycarboxylic acid mother liquor in China.
In terms of production capacity, as of the last practical date (December 19, 2023), Conch Material Technology has 10 production plants for the production of cement and concrete admixtures and related process intermediates across China. As of the last practical date, the department had 20, 22, 16, 5 and 45 production lines for the production of cement admixtures, concrete admixtures, alcoholamine products, polyether monomers and polycarboxylic acid mother liquor, respectively.
In terms of the competitive landscape, according to Frost & Sullivan, the global cement admixture market is highly concentrated. As of December 31, 2022, the world's top five cement grinding aid suppliers (that is, the main type of cement admixture) accounted for about 50.0% of the world's total cement grinding aid production, while the top five cement grinding aid suppliers in China accounted for about 45.8% of the total cement grinding aid production in China. According to Frost & Sullivan, there are many participants in the concrete admixture market. There are about 4,000 concrete admixture suppliers in China, and the market is relatively scattered. In recent years, the market share of high-performance concrete water reducing agents has been increasing due to their satisfactory performance. In the future, the market share of high-performance concrete water reducing agents is expected to increase further.
According to Frost & Sullivan's data, based on the production of cement grinding aids (the main type of cement admixture) in FY2022, Conch Material Technology ranked first in China and second in the world, with market shares of 31.3% and 16.0% respectively. Meanwhile, based on the production of alcoholamine products (raw materials for cement admixtures) in FY2022, the company ranked first in China, with a market share of 29.0%. Furthermore, based on the production capacity of high-performance concrete water reducing agents (the main type of concrete admixture) in FY2022, it ranked 7th in China, with a market share of 2.3%. Based on the production of polyether monomers (raw materials for concrete admixtures) in FY2022, it ranked sixth in China, with a market share of 3.4%.
