On October 23, Cngr Advanced Material Co., Ltd. (300919.SZ) announced its progress regarding the Hong Kong public listing. The company submitted updated application materials to the Hong Kong Stock Exchange (HKEX) on the same day and published the updated application details on the HKEX website. Earlier this month, it was disclosed that the Listing Committee of the HKEX held a hearing on October 2, 2025, to review the company's listing application. The co-sponsors of the offering received a letter from the HKEX on October 3, indicating that the Listing Committee had reviewed the company's application, thus propelling Cngr's IPO in Hong Kong into the latter stages of the process.
Cngr is a prominent player in the domestic new energy materials science sector, offering a diversified product range including nickel-based (ultra-high nickel precursors, solid-state battery precursors, low-altitude economy precursors, cost-effective medium-nickel high-voltage precursors), cobalt-based (high-voltage cobalt oxide), phosphorus-based (iron phosphate precursors, lithium iron phosphate), and sodium-based (polyanion sodium batteries, layered oxide sodium batteries) materials. Notably, Cngr's nickel and cobalt materials have maintained the highest global market share for five consecutive years, while its phosphorus materials business has rapidly grown to become a leading force in the industry, and sodium products have achieved mass sales with successful mass production of dual technology routes.
Since the public disclosure of its operational data from 2017 to 2024, Cngr has consistently demonstrated growth in its operating scale and revenue. During the industry's explosive growth phase, the company achieved rapid performance release, and during the adjustment phase, it strategically enhanced its layout. Guided by its "New Four Modernizations" strategy—focused on technological diversification, global development, digital operation, and industrial ecology—Cngr is gradually establishing an integrated closed-loop industrial model encompassing "raw mineral smelting - refined raw materials - new energy materials manufacturing - end-cycle recycling" alongside a deeply global industrial layout.
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