Tag: CNGR Advanced Material Co Ltd.

CNGR Launches IPO: Global pCAM Leader Secures Position in the Golden Arena of New Energy

On 7 November, CNGR Advanced Material Co., Ltd. (CNGR or the Company HKG: 2579), a globally renowned enterprise in new energy materials, officially launched its IPO. The offering is currently underway. If progress proceeds smoothly, the Company will become the second new energy materials enterprise in China to achieve dual listing on the A-share and H-share markets following CATL, highlighting its prominent industry position.

During intraday trading on 7 November, the stock price of CNGR (300919.SZ) surged rapidly, attracting significant investor attention. At the time of publication, the stock price had risen over 5%, reflecting robust market participation.

Achieving Several Breakthroughs with Profound R&D and Innovation Capabilities
As a key player in the global new energy materials sector, CNGR has built a comprehensive and diversified product matrix through its vertically integrated business model. Core products encompass nickel-based, cobalt-based, phosphorus-based, sodium-based and other innovative new energy battery materials, along with new energy metal products, fully meeting the diverse needs of downstream industries.

CNGR has always regarded technical R&D as the core driving force of its development. Through years of accumulation, the Company has accumulated extensive technological expertise and industry experience, and established an integrated R&D platform that spans the entire production process and product life cycle from “mineral metallurgy to new energy materials research and mass-production process development, to manufacturing equipment design and optimization, product testing and assessment, and to recycling”, ensuring product quality consistently meets customers’ high standards while effectively controlling costs in the operations, so as to achieve the dual competitive advantages of “high quality” and “high cost-effectiveness”.

Leveraging strong R&D capabilities, CNGR has achieved several industry breakthroughs: pioneered the industry-first ultra-high-nickel pCAM with energy density reaching 230 mAh/g, surpassing traditional ternary batteries by 27.8% to 12.7%, respectively; launched the industry-first 4.55V high voltage cobalt-based pCAM, significantly boosting charging efficiency for LCO batteries in consumer electronics; developed the industry-first low-cost NFPP pCAM for sodium-ion batteries, which serves as a premium alternative to lithium-ion batteries and has been in mass production since 2024, opening a new growth trajectory for the Company.

CNGR’s three industry-first R&D achievements precisely align with the performance upgrade demands of the lithium battery industry while proactively positioning the Company in the sodium-ion battery alternative track. These breakthroughs have not only secured stable core clients and sustained revenue growth but also solidified the Company’s technological influence and industry standing in the global new energy materials sector. With increased R&D investment following its dual A+H share listing, the Company is poised to achieve breakthroughs across multiple frontier sectors, continuously driving industry-wide technological evolution, and unlocking vast market opportunities and growth potential for the Company.

Maintaining Rapid Growth in Performance with Steady Profitability Quality Enhancement
Driven by industry growth momentum and intrinsic competitive advantages, CNGR has achieved rapid performance growth. In terms of revenue, from 2022 to 2024, the Company’s revenue increased from RMB30.344 billion to RMB40.223 billion, achieving a CAGR of 15.13% and maintaining a steady growth trend; in the first half of 2025, the revenue reached RMB21.323 billion, nearly 70% of the full-year 2022 revenue, representing a year-on-year increase of 12.42% as compared to RMB18.967 billion in the first half of 2024, demonstrating a steady acceleration in growth momentum and highlighting the continuity and explosive potential of business expansion. This growth is not a short-term pulse but sustainable expansion driven by capacity release, customer acquisition and industry demand, exhibiting strong certainty.

In terms of profitability, the Company’s net profits for 2022-2024 and the first half of 2025 amounted to RMB1.539 billion, RMB2.101 billion, RMB1.788 billion, and RMB0.706 billion respectively, maintaining a relatively high profitability level within the industry. Notably, the net profit recorded a decline in 2024 as compared to 2023, which was primarily due to temporary price competition in the industry and short-term fluctuations in raw material prices, but still exceeded that in 2022, demonstrating strong counter-cyclical resilience.

In terms of profit quality, the Company’s EBITDA margin (non-IFRS measures) for 2022-2024 and the first half of 2025 stood at 8.8%, 11.4%, 10.6% and 10.7%, respectively, maintaining an overall range of 8%-11%, outperforming industry averages and underscoring the Company’s strengths in cost control and product pricing.

In general, as a global leader in new energy materials sector, CNGR possesses a clear growth logic and vast development potential by leveraging its technological R&D strengths, full industrial chain coverage and premium customer resources. This listing in Hong Kong will inject new momentum into its future R&D investments, capacity expansion and global footprint, enabling it to seize more opportunities amid the rapid development of the new energy industry, thereby achieving higher-quality growth with promising future growth potential.

CNGR Advanced Material Co., Ltd.
(02579.HK, 300919.SZ)
https://cngrgf.com.cn

CNGR IPO: Global pCAM Leader Expanding Worldwide with Premium Clients

On November 7, CNGR Advanced Material (HKG: 2579), a globally renowned new energy materials enterprise, commenced its IPO subscription. The company is currently in the midst of its IPO process, entering the final sprint phase of its Hong Kong listing. Expected to debut on the Hong Kong Stock Exchange on November 17, CNGR Advanced Material is poised to become China’s second core new energy industry enterprise to achieve dual A+H share listings following CATL, ushering in a new chapter of synergistic development between capital and industry.

It is reported that CNGR Advanced Material primarily engages in the R&D, production, and sales of new energy battery materials centered on pCAM, as well as new energy metal products. Through years of dedicated cultivation, the company has established a solid industry position. According to Frost & Sullivan, since 2020, the company has ranked first globally in shipments of nickel-based and cobalt-based pCAM for lithium-ion batteries for five consecutive years. In 2024, its total pCAM product sales value topped the global market, capturing a 21.8% market share.

Global Business Expansion Fortifies Resilience for Development
As a global leader in new energy materials, CNGR Advanced Material has established worldwide influence across two dimensions: supply chain and production bases. In terms of supply chain, the company has built a global supply chain network. Through this globalized supply chain layout, it has successfully overcome geographical constraints, establishing a high-quality resource acquisition network covering core production regions worldwide.

This strategy not only ensures stable supply of critical minerals like nickel and cobalt but also significantly reduces reliance on single-region resources, fortifying resilience for sustained business operations. Meanwhile, the global supply chain system enables comprehensive evaluation of key indicators, including supplier quotations, transportation costs, and delivery cycles across the globe, facilitating selection of optimal procurement combinations. Furthermore, by establishing an efficient and collaborative logistics distribution network, the company streamlines intermediate transportation links, shortens transit cycles, and achieves precise control over logistics costs, laying a solid foundation for enhancing overall profitability.

Regarding production base layout, as of June 30, 2025, CNGR Advanced Material has established four production bases in China, three in Indonesia, one in Morocco, and is planning additional bases in Indonesia and South Korea. This global footprint enables the company to deeply integrate into regional markets, swiftly respond to localized customized customer demands, and continuously expand market share. It also allows full leverage of local policy incentives, resource endowments, and labor advantages to optimize production cost structures.

Furthermore, CNGR Advanced Material actively establishes deep strategic partnerships with global industry leaders, creating robust support across multiple dimensions including technological R&D, market channel expansion, and joint brand empowerment. These collaborations synergize efficiently with the company’s global supply chain layout and production base network, helping it seize first-mover advantages in the industry and solidify the foundation for its global strategic expansion.

Extensive High-Quality Customer Base Provides Core Driver for Growth
In terms of customer base, CNGR Advanced Material boasts a vast and high-quality customer base worldwide, covering leading enterprises in new energy materials, batteries, automotive, and consumer electronics industries.

In terms of customer coverage, from upstream leading cathode material suppliers, to midstream core power battery manufacturers, to downstream top-tier automotive brands and consumer electronics enterprises, the company spans the entire new energy industry chain from “materials – batteries – terminal applications”, achieving deep integration across the entire chain.

In terms of customer quality, the company’s core clients are all leading enterprises in their respective segments. Notably, by 2024, CNGR Advanced Material had achieved comprehensive supply to the world’s top ten electric vehicle battery manufacturers by shipment volume. These clients are characterized by high technical barriers, large order volumes, and long-term cooperation cycles, fully demonstrating that the company’s product quality, technological strength, and supply capabilities have earned high recognition from the industry’s top players.

CNGR Advanced Material’ global portfolio of premium clients serves not only as the core driver of its performance growth but also as a strategic asset for long-term development. This extensive portfolio of premium clients enables the company to establish formidable competitive barriers through requirements for market access, switching costs, and brand endorsement, ensuring order stability and profitability. Moreover, amid intensifying industry competition, these high-quality client resources will continue to drive technological upgrades, market expansion, and valuation growth, thereby helping the company further consolidate its industry leadership position.

Overall, leveraging its globally leading pCAM product capabilities, comprehensive global footprint, and extensive high-quality customer base, CNGR Advanced Material has established multi-dimensional competitive barriers spanning “technology-capacity-customers-supply chain”. Its industry leadership remains solid and continues to strengthen. Following its Hong Kong listing, the company will leverage the financing advantages of its dual A+H capital platform to further enhance global resource integration, expand its worldwide business footprint, capture greater market share within the industry, and deliver long-term value returns to investors.

CNGR Advanced Materials Co., Ltd.
02579.HK, 300919.SZSE
https://cngrgf.com.cn