--- title: "Shinghwa rushes to the Hong Kong stock market: annual revenue of 6.8 billion, loss of 5.88 million, controlled 22% equity by Guo Tianming" type: "News" locale: "en" url: "https://longbridge.com/en/news/281702808.md" description: "Shinghwa New Materials Group Co., Ltd. recently submitted its prospectus and plans to list on the Hong Kong Stock Exchange. The company has an annual revenue of 6.8 billion, with a loss of 5.88 million, primarily engaged in lithium-ion battery-related materials. It is expected that the revenue in 2025 will be 6.8 billion, with a gross margin of 7.1%. The company has five production bases nationwide, and its products include electrolytes and high-end new materials. Guo Tianming controls 22% of the shares" datetime: "2026-04-05T06:40:35.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281702808.md) - [en](https://longbridge.com/en/news/281702808.md) - [zh-HK](https://longbridge.com/zh-HK/news/281702808.md) --- # Shinghwa rushes to the Hong Kong stock market: annual revenue of 6.8 billion, loss of 5.88 million, controlled 22% equity by Guo Tianming Leidi Network, Jianping Lei, April 5 Shinghwa New Materials Group Co., Ltd. (referred to as "Shinghwa") recently submitted its prospectus and is preparing to list on the Hong Kong Stock Exchange. Shinghwa is already listed on the A-share market, and as of Friday's close, Shinghwa's stock price was 80.75 yuan, with a market capitalization of 18.8 billion yuan. Once listed on the Hong Kong stock market, Shinghwa will form an "A+H" share structure. Annual revenue of 6.8 billion with a loss of 5.88 million Shinghwa is a comprehensive supplier of lithium-ion battery-related materials. With continuous investment in the new energy sector, Shinghwa has established a full industry chain layout covering electrolyte solvents, lithium hexafluorophosphate (LiPF6), electrolyte additives, electrolytes, and other high-end new materials. As of December 31, 2025, Shinghwa has established five production bases across the country, located in Dongying, Shandong; Zoucheng, Shandong; Wuhan, Hubei; Quanzhou, Fujian; and Meishan, Sichuan, forming a production system of "multi-base collaboration and complementary division of labor." Shinghwa's products are mainly divided into two categories: lithium-ion battery-related materials and fine chemicals. The prospectus shows that Shinghwa's revenues for 2023, 2024, and 2025 are projected to be 5.635 billion, 5.547 billion, and 6.8 billion yuan, respectively; gross profits are projected to be 353 million, 294 million, and 487 million yuan, respectively; and gross profit margins are projected to be 6.3%, 5.3%, and 7.1%, respectively. In 2025, Shinghwa's revenue from lithium-ion battery-related materials is expected to be 4.794 billion yuan, accounting for 70.4%; revenue from fine chemicals is expected to be 1.615 billion yuan, accounting for 23.7%. From the perspective of revenue sources by region, Shinghwa's revenue from the Greater China region in 2025 is expected to be 5.756 billion yuan, accounting for 84.5%; Overseas income is 1.053 billion yuan, accounting for 15.5%. Shinghwa's operating profits for 2023, 2024, and 2025 are -52.61 million, -75.22 million, and 47.27 million yuan, respectively; the operating profit margins are -1%, -1.4%, and 0.7%, respectively; Shinghwa's annual losses for 2023, 2024, and 2025 are 65.23 million, 70.42 million, and 5.88 million yuan, respectively; the annual profit margins are -1.2%, -1.3%, and -0.1%, respectively. As of December 31, 2025, Shinghwa holds cash and cash equivalents of 400 million yuan. Guo Tianming controls 21.5% of the shares. The executive directors of Shinghwa are Dr. Guo Tianming and Yu Haiming, while the non-executive directors are Yu Xiangjin, Jiang Weibao, Chen Wei, and Ms. Li Rongrong; the independent non-executive directors are Dr. Zhou Hongjun, Dr. Zhang Sheng, and Cui Muqin. Before the IPO, Shinghwa was held 7.24% by China National Petroleum Corporation Holdings, 6.53% by Rongfa Group, 6.53% by Kaitou Group, 0.86% by Shandong Weipu, and 0.35% by Dr. Guo. As of the last practicable date, Shandong Weipu is ultimately controlled by Dr. Guo Tianming, who holds 69.44% of its equity, thus the voting rights attached to the shares held by Shandong Weipu are controlled and exercised by Dr. Guo Tianming. China National Petroleum Corporation Holdings, Rongfa Group, Kaitou Group, Dr. Guo, and Shandong Weipu are the single largest shareholder group, holding approximately 21.51% of the total issued shares of Shinghwa as of the latest practicable date. As of December 31, 2025, Beijing Zhehou New Energy Technology Development Co., Ltd. holds 11.69%, Xinghe Securities Co., Ltd. - Yong'an China Opportunity Investment No. 5 QFII account holds 2.71%, and Guotou Securities International Financial Holdings Co., Ltd. - No. 4 Investment Plan holds 2.71%; Li Guifang holds 2.32% of the shares, Hong Kong Central Clearing Limited holds 2.31%, Dongying Qiyuan Petrochemical Co., Ltd. holds 1.77%, and Beijing Toprise Energy Trading Co., Ltd. holds 1.4%. ————————————————— ### Related Stocks - [603026.CN](https://longbridge.com/en/quote/603026.CN.md) ## Related News & Research - [01:42 ETMicroelectronics Commons Strengthens Commitment to Sivers Semiconductors With Year 2 Funding](https://longbridge.com/en/news/286859393.md) - [Stora Enso targets 90% circular materials in own operations by 2030](https://longbridge.com/en/news/287023370.md) - [Svolt plans to mass-produce hybrid solid-liquid batteries by September at liquid battery costs](https://longbridge.com/en/news/286867591.md) - [METALS-London copper extends losses on weak Chinese data](https://longbridge.com/en/news/286848628.md) - [PTA-DD: Warimpex Finanz- und Beteiligungs AG: Managers' transactions announcement according to article 19 MAR](https://longbridge.com/en/news/286901864.md)