IPO News | Tianci Materials (002709.SZ) Hong Kong Stock IPO Expected to Raise Up to HK$5.5 billion

The Zhitong Finance App learned that Tianci Materials (002709.SZ)'s IPO in Hong Kong was reported to have raised about US$500 million to US$700 million (approximately HK$3.92 billion to HK$5.49 billion). According to the Hong Kong Stock Exchange disclosure on March 27, Tianci Materials once again submitted a listing application to the main board of the Hong Kong Stock Exchange. J.P. Morgan Chase, CITIC Securities, and GF Securities were co-sponsors. Tianci Materials received a filing notice from the China Securities Regulatory Commission in September confirming that it intends to issue no more than 413 million overseas listed common shares and list them on the Hong Kong Main Board.

According to the prospectus, the company is a leading global new energy and advanced materials company driven by technological innovation. It mainly focuses on providing comprehensive solutions for lithium-ion battery materials, daily chemical materials and specialty chemicals to global enterprise customers.

The company is a global leader in electrolytes. It stands out with its vertical integration capabilities and innovative technology, integrating the production of the complete value chain of key electrolyte raw materials, including LiPF6, LiFSi, additives, and lithium carbonate. Using the company's R&D platform and engineering advantages, as well as cross-sales capabilities based on long-term customer cooperation, the company has successfully expanded its business into the fields of cathode materials (including iron phosphate and lithium iron phosphate) and lithium battery adhesives (including PACK structural adhesives and adhesives) to form a comprehensive solution for lithium-ion battery materials, and has laid out advanced materials that will be widely used in emerging fields such as intelligent driving, eVTOL, semiconductors, cutting-edge engineering, and AI thermal management. The company's next-generation products include solid electrolytes, special adhesives and sealants for automotive electronics and semiconductors, high-performance polymers (mainly PEEK and PI), high-efficiency refrigerants, and flame retardant materials.

Relying on the company's integrated R&D platform and advanced engineering capabilities, the company has established a production model with maximum efficiency and strong product strength, thus achieving a leading global position in lithium-ion battery materials and daily chemical materials.

Recently, Tianci Materials (002709.SZ) released its 2026 semi-annual report. During the reporting period, the company achieved revenue of 14.71 billion yuan, an increase of 109.28% over the previous year. Achieved net profit attributable to shareholders of listed companies of 2,861 billion yuan, an increase of 967.91% over the previous year. Achieved net profit of 2,807 billion yuan after deducting non-recurring profit and loss attributable to shareholders of listed companies, an increase of 1096.69% over the previous year. Basic earnings per share were $1.41.