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Name
/
Code
Industry Offer Price Lot Size Entry Fee Closing Date
Grey Market Date
Listing Date
S.F. Holding
06936.HK
Air Freight & Logistics 34.3 200 7,333 2024/11/22 2024/11/26 2024/11/27
Jiuyuan Gene
02566.HK
Biotechnology - Medical Devices 11.48-12.56 200 2,537 2024/11/25 2024/11/27 2024/11/28
Mokingran
02585.HK
Watch & Jewellery 12-14.4 200 2,909 2024/11/26 2024/11/28 2024/11/29
Summary
We are a company with business across the entire nickel industry value chain. We are engaged in both the trading and the production of nickel products. For nickel product trading, we ranked first globally in terms of nickel product trading volume in 2021, and first in China in terms of nickel ore trading volume in 2021, with a market share of 26.8% in 2021. For nickel product production, the HPAL project (the “HPAL project”) on the Obi Island, Indonesia, which we have jointly developed with our Indonesian Partner, is one of the most technically advanced nickel-cobalt compound hydrometallurgy projects worldwide, and has the lowest cash cost among all nickel-cobalt compound production projects worldwide, according to the CIC Report.

Leveraging in-depth industry knowledge accumulated over the years, we have built a comprehensive product and service portfolio covering multiple areas across the nickel industry value chain, from upstream sourcing of nickel resources, trading and production of nickel products, to equipment manufacturing and sale. We continue to expand upstream and downstream in the nickel industry, vertically integrating across the nickel industry value chain. Our products are widely used in various downstream sectors including the NEV and stainless steel industries.

During the Track Record Period, our financial results demonstrated our robust business operation capabilities. While our financial performance was temporarily affected by the Indonesian government’s export ban on nickel ore implemented in January 2020 (see “— Indonesian Government’s Export Ban on Laterite Nickel Ore” for more details), our revenue and net profit quickly recovered in 2021, primarily due to (i) increases in the average selling prices and sales volume of nickel ore and ferronickel for our trading business, and (ii) revenue and net profit contribution from HPL to our trading business and production business since the commencement of production of phase I of the HPAL project in May 2021. Our revenue and net profit increased significantly in the six months ended June 30, 2022 compared to the same period in 2021, primarily because we began to generate revenue from the sales of our self-produced nickel-cobalt compounds since November 30, 2021 as a result of our consolidation of HPL. As a result of the foregoing, in 2019, 2020 and 2021 and the six months ended June 30, 2021 and 2022, our revenue was RMB9,347.4 million, RMB7,755.2 million, RMB12,449.3 million, RMB4,088.3 million and RMB9,978.3 million, respectively, and our net profit was RMB566.7 million, RMB518.3 million, RMB1,260.0 million, RMB89.0 million and RMB2,289.6 million, respectively. See “Financial Information — Results of Operations” for more details.



Source: Lygend Resources (02245) Prospectus (IPO Date : 2022/11/21)
Listing Market MAIN
Industry Diversified Metals & Minerals
Background H Shares
Major Business Area N/A
Corporate Information
Substantial Shareholders CAI Jianyong & Associates (Total share: 61.42%); (H share: 0.00%)
Lim Shu Hua, Cheryl (Total share: 16.94%); (H share: 52.33%)
Ningbo Brunp Contemporary New Energy Co., Ltd (Total share: 3.19%); (H share: 9.85%)
China State-Owned Enterprise Mixed Ownership Reform Fund Co., Ltd. (Total share: 2.24%); (H share: 6.91%)
Hwabao Trust Co., Ltd (Total share: 1.74%); (H share: 5.37%)
Directors CAI Jianyong (Founder and Chairman and General Manager and Executive Director)
CAI Jianwei (Deputy General Manager and Executive Director)
FEI Feng (Deputy General Manager and Executive Director)
YU Weijun (Deputy General Manager and Executive Director)
Lawrence LUA Gek Pong (Non-Executive Director)
HE Wanpeng (Independent Non-Executive Director)
WANG James Jixian (Independent Non-Executive Director)
ZHANG Zhengping (Independent Non-Executive Director)
Company Secretary CAO Zheng
Chan Yuen Mui
Principal Bankers Bank of China Limited
Agricultural Bank of China Limited
China CITIC Bank Corporation Limited
Solicitors Zhejiang T&C Law Firm
Herbert Smith Freehills
Auditors Ernst & Young
Registered Office 46th Floor, Hopewell Centre, 183 Queen’s Road East, Wan Chai, Hong Kong
Share Registrars Computershare Hong Kong Investor Services Ltd. [Tel: (852) 2862-8628]
Share Registrars Tel No (852) 2862-8628
Internet Address http://www.lygend.com
Email Address dept.securities@lygend.com
Tel No (86 574) 2770-2241
Fax No
 
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