On June 23, global lithium battery separator leader SENIOR MATERIAL (06067.HK) officially landed on the Hong Kong Stock Exchange, achieving impressive performance on its first day of listing, with high market recognition. As of the time of writing, the company's stock price has increased by 33.30%, trading at HKD 11.97 per share, with a single-day transaction amount exceeding HKD 500 million.

Based on the issue price of HKD 8.98 and a lot size of 500 shares, excluding handling fees, investors can earn approximately HKD 1,495 per lot, making substantial profits from the new stock listing.

From the performance during the recent IPO stage, in the Hong Kong public offering, SENIOR MATERIAL was subscribed 1,563.16 times, with the final number of shares offered in the public offering being 14.9525 million shares, accounting for about 10% of the total global offering. A total of approximately 209,600 valid applications were received, with about 22,300 applications accepted.

In addition, during the international placement phase, SENIOR MATERIAL was subscribed 14.34 times, with the final number of shares offered internationally being 135 million shares, equivalent to 90% of the total shares offered.

From the above data, it can be seen that the offering of SENIOR MATERIAL received enthusiastic subscriptions from market investors.

This also means that cornerstone investors, including Franklin Templeton, GF Fund Management, and Taikang Life Insurance, have already generated considerable floating profits.

According to the information, SENIOR MATERIAL has been deeply engaged in the lithium-ion battery separator field for over 20 years and is a globally recognized comprehensive separator solution provider. The company's products cover three core categories: dry separators, wet separators, and coated separators, while also laying out frontier products such as solid-state electrolyte membranes, various functional membranes, and semiconductor materials, with products widely used in new energy vehicles, energy storage, consumer electronics, and power tools.

In terms of performance, for the years 2023, 2024, and 2025, SENIOR MATERIAL's revenue is projected to be RMB 2.982 billion, RMB 3.506 billion, and RMB 4.077 billion, respectively, with a compound annual growth rate of 16.9% from 2023 to 2024; during the same period, net profits are expected to be RMB 594 million, RMB 371 million, and RMB 143 million, respectively.

In the first quarter of 2026, the company's revenue reached RMB 1.071 billion, a year-on-year increase of 21.6%, mainly due to (i) an increase in the average selling price of all product categories and (ii) an increase in the sales proportion of coated separators, which have a higher average selling price. However, first-quarter profits decreased by 59.1% year-on-year to RMB 20.642 million