Market+ (iPhone)

Market+ (Android)

US STOCKS

FUNDS

FX & CRYPTO

SH/SZ-HK

HK STOCKS

IPO Plus - IPO

To-be Listed

	Name▼ / Code▼	Industry	Offer Price	Lot Size	Entry Fee	Closing Date	Grey Market Date▼	Listing Date▲
	REFIRE 02570.HK	Electrical Components & Equipment	145-165	20	3,333	2024/12/03	2024/12/05	2024/12/06
	Dmall 02586.HK	Application Software	30.21	100	N/A	2024/12/03	2024/12/05	2024/12/06

Summary

We are a renowned toluene derivative products provider in the PRC and the global market, primarily focusing on the manufacture of toluene oxidation and chlorination products, benzoic acid ammonification products and other fine chemical products through organic synthesis process. Our toluene derivative products are primarily used for food preservatives, household chemicals, animal feed acidifier and synthetic intermediates for agrochemical and pharmaceutical uses. Leveraging our PRC-based product development and manufacturing capabilities, we market and sell our products in over 70 countries. Under the leadership of our experienced management team, we will continue to leverage our product development and manufacturing capabilities and global sales network to increase our market shares and strengthen our industry position in China and globally. Our leading position in toluene oxidation and toluene chlorination products is substantiated by our industry ranking and market share in the PRC and the global market. According to the Frost & Sullivan Report, our Group ranked as the largest manufacturer for both benzoic acid and sodium benzoate and the second largest benzyl alcohol manufacturer in the PRC in terms of the sales revenue in 2023, representing 62.0%, 37.9% and 33.9% of the PRC total market revenue in 2023, respectively. In the global market, we ranked second place among manufacturers for benzoic acid and sodium benzoate and third place among manufacturers for benzyl alcohol in 2023, accounting for 37.0%, 22.4% and 20.6% of the global total market revenue in 2023, respectively. As of the Latest Practicable Date, we had a self-produced product portfolio primarily consisting of five toluene oxidation products, two toluene chlorination products, two benzoic acid ammonification products and more than 20 types of other fine chemical products for broad market uses. In 2021, 2022 and 2023, we recorded sales volume of approximately 362,302 tons, 375,848 tons and 346,147 tons of products, respectively. Our products are widely recognized around the world. We are the contracted supplier of many renowned global companies, including a number of Fortune 500 companies and regional industry participants. We have established long-term business relationships with these companies, which enable our customers to procure products at competitive prices while providing us with a solid customer base. Sales to our Fortune 500 customers contributed approximately 7.6%, 8.5% and 10.5% of our total revenue for the years ended December 31, 2021, 2022 and 2023. While our existing products enjoy broad market appeal and use, we strive to maintain our competitive advantages by allocating additional resources to product development to ensure a growing portfolio of products to our customers. For the years ended December 31, 2021, 2022 and 2023, we generated revenue of RMB2,789.5 million, RMB3,133.8 million and RMB2,677.1 million, respectively, and generated RMB309.1 million, RMB340.5 million and RMB72.9 million, respectively, in net profits for the corresponding periods. Sales of self-produced products. Our revenue was primarily generated from sales of our self-produced products, which include revenues from toluene oxidation product sales, toluene chlorination product sales, benzoic acid ammonification product sales and other fine chemical product sales. Revenue contribution from sales of self-produced products accounted for 79.4%, 86.8% and 83.0% of our total revenue for the years ended December 31, 2021, 2022 and 2023, respectively. Our total revenue decreased by 14.6% from RMB3,133.8 million in 2022 to RMB2,677.1 million in 2023 due the general decline in market demands for our products coupled with the increase in market supply of toluene oxidation products, resulting in the drop in both sales volume and average selling price of our products. For detailed analysis on the fluctuations of the revenue and gross profit margin of our business operation in 2023, please refer to “— Our Business Operating Data” and “Financial Information — Discussion of Results of Operations” in this document. Products trading. We engage in products trading to supplement our primary production operations and sales. We categorize our products trading by toluene product trading and other products trading. Revenue contribution from products trading accounted for 20.6%, 13.2% and 17.0% of our total revenue for the years ended December 31, 2021, 2022 and 2023, respectively. Our revenue generated from products trading decreased by 28.4% from RMB575.9 million in 2021 to RMB412.3 million in 2022 as a result of the decrease in trading volume of petroleum toluene from approximately 112,272 tons to 54,823 tons in the corresponding years. This decrease in sales volume and overall revenue was due to our increased internal demand for petroleum toluene for our production needs and market fluctuations in 2022. The trading volume of petroleum toluene further decreased to 49,295 tons in 2023 primarily due to the reduction in our procurement in light of the unfavorable market sentiment in the chemical industry which in turn reduces the volume of petroleum toluene available for trading. Following the implementation of our future plans and completion of the Global Offering,, our Directors believe that we will continue to maintain our market ranking in toluene oxidation and toluene chlorination products and successfully expand our business operations in the toluene derivative products industry in the PRC and the global market. We believe that we are well-positioned to explore opportunities in the larger organic synthetic chemical market with our competitive strengths, existing capabilities and strategic planning. Source: Wuhan Youji Hold (02881) Prospectus (IPO Date : 2024/06/07)
Listing Market	MAIN
Industry	Diversified Chemicals
Background	Others
Major Business Area	N/A

Corporate Information

Substantial Shareholders	Gao Lei (53.75%) Shen Yingming (13.44%) Custodian Capital Ltd. (7.79%)
Directors	Zou Xiaohong (Chairman and Executive Director) Chen Ping (Executive Director) Gao Lei (Non-Executive Director) Li Deye (Non-Executive Director) Shen Yingming (Non-Executive Director) Liu Kai Yu Kenneth (Independent Non-Executive Director) Liu Zhongdong (Independent Non-Executive Director) Yuan Kang (Independent Non-Executive Director)
Company Secretary	Chen Ping Lai Ho Yan
Principal Bankers	Bank of Communications Co., Ltd. Agricultural Bank of China Limited Bank of Hankou Rural Commercial Bank
Solicitors	DeHeng Law Offices Jingtian & Gongcheng Paul Hastings Travers Thorp Alberga
Auditors	Ernst & Young
Registered Office	5th Floor, Manulife Place 348 Kwun Tong Road, Kowloon, Hong Kong
Share Registrars	Tricor Investor Services Ltd. [Tel: (852) 2980-1333]
Share Registrars Tel No	(852) 2980-1333
Internet Address	http://www.chinaorganic.com
Email Address	[email protected]
Tel No	(86 27) 8384-0060
Fax No

SITEMAP

AASTOCKS.com

Members

Forgot Password

About Us

Email: [email protected]

AASTOCKS.COM LIMITED (阿斯達克網絡信息有限公司) All rights reserved.

Disclaimer

You expressly agree that the use of this app/website is at your sole risk.

AASTOCKS.com Limited, HKEx Information Services Limited, China Investment Information Services Limited, Shenzhen Securities Information Co. Ltd, Nasdaq, Inc., their respective holding companies and/or any subsidiaries of such holding companies, their Sources and/or other third party data provider(s) endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.

Neither AASTOCKS.com Limited, HKEx Information Services Limited, China Investment Information Services Limited, Shenzhen Securities Information Co.Ltd., Nasdaq, Inc. nor their respective holding companies and/or any subsidiaries of such holding companies nor their Sources and/or other third party data provider(s) make any express or implied offers, representations or warranties (including, without limitation, any warranty or merchantability or fitness for a particular purpose or use) regarding the Information.

Neither AASTOCKS.com Limited, HKEx Information Services Limited, China Investment Information Services Limited, Shenzhen Securities Information Co. Ltd., Nasdaq, Inc. nor their respective holding companies and/or any subsidiaries of such holding companies nor their Sources and/or other third party data provider(s) will be liable to any Subscriber or any other party for any interruption, inaccuracy, error, or omission, regardless of cause, in the Information or for any damages (whether direct or indirect, consequential, punitive, or exemplary) resulting from its use by any party.

AASTOCKS.com Limited shall not be liable for any failure or delay in performance of its obligations under this Disclaimer because of circumstances beyond its reasonable control, including but without limitation, acts of God, typhoons, rainstorms, other natural disasters, government restrictions, strikes, wars, virus outbreak, network failures or telecommunications failures.

Morningstar Disclaimer: Copyright © 2020 Morningstar, Inc. All Rights Reserved. The information, data, analyses and opinions ("Information") contained herein: (1) include the proprietary information of Morningstar and Morningstar’s third party licensors; (2) may not be copied or redistributed except as specifically authorised; (3) do not constitute investment advice; (4) are provided solely for informational purposes; and (5) are not warranted to be complete, accurate or timely. Morningstar is not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.

The information and contents contained in this app/website are based on the analyses and interpretations of publicly available information obtained from sources believed to be reliable. Such analyses and information have not been independently verified and AASTOCKS.com Limited makes no guarantees to their accuracy, completeness, timeliness or correctness.

The information, financial market data, quotes, charts, statistics, exchange rate, news, research, analysis, buy and sell ratings, Education Center and other information on this app/website should be used as references only at your own discretion. Prior to the execution of a security or any other trade based upon the Information, you are advised to consult independent professional advice to verify pricing information or to obtain more detailed market information. AASTOCKS.com Limited is not soliciting any subscriber or app/website visitor to execute any trade. Any trades executed following the said information, commentaries and/or buy/sell ratings on this app/website are taken at your own risk for your own account.

AASTOCKS.com Limited provides the information and services on an "AS IS" basis. The information and contents on this app/website are subject to change without notice. AASTOCKS.com Limited reserves the right, in its sole discretion but without any obligation, to make improvements to, or correct any error or omissions in any portion of this app/website at any time.

The subscriber or app/website visitor agrees not to reproduce, retransmit, disseminate, distribute, broadcast, publish, circulate, sell or commercially exploit the information and contents on this app/website in any manner without the express written consent of AASTOCKS.com Limited.

Investment involves risk. You may make use of the Education Center of this website for academic reference purposes at your own discretion. AASTOCKS.com Limited cannot and does not give any assurance that the present or future buy/sell commentaries and signals on this app/website will be profitable. AASTOCKS.com Limited cannot guarantee, and the subscriber or app/website visitor should not assume, that the future performance will equal past performance.

AASTOCKS.com Limited may point to other sites that may be of interest to the subscriber or app/website visitor but for which AASTOCKS.com Limited has no responsibility and only provides this as a service to the subscriber or app/website visitor.

AASTOCKS.com Limited does not represent or endorse the accuracy or reliability of any information, advertisements or contents contained on, distributed through, or linked, downloaded or accessed from any of the services on this app/website. AASTOCKS.com Limited cannot and does not guarantee the quality or reliability of any products or information purchased or obtained by you as a result of an advertisement or any other information displayed on this app/website.

AATV is a video platform owned by AASTOCKS.com Limited.

You acknowledge that: (i) AATV is provided for information purposes only and, in particular, is not intended for trading purposes; (ii) AATV does not and none of the information contained in its program constitutes a solicitation, offer, opinion, or recommendation by us to buy or sell any security, or to provide legal, tax, accounting, or investment advice or services whether or not regarding the profitability or suitability of any security or investment; and (iii) AATV is not intended for use by, or distribution to, any person or entity in any jurisdiction or country where such use or distribution would be contrary to law or regulation.

The financial analysis or opinion expressed in the AATV programs is for reference and discussion only, and does not represent AASTOCKS.com Limited. Investors must make their own investment decisions based on their own investment objectives and financial situation. AASTOCKS.com Limited shall not, directly or indirectly, be liable, in any way, to you or any other person for any: (i) inaccuracies or errors in or omissions from AATV including, but not limited to, quotes and financial data; (ii) delays, errors, or interruptions in the transmission or delivery of AATV; or (iii) loss or damage arising therefrom or occasioned thereby, or by any reason of nonperformance.

AASTOCKS.com Limited reserves the right to change this Disclaimer at any time by posting changes online at this app/website. You are responsible for reviewing regularly information posted therein to obtain timely notice of such changes. Your continued use of this app / website after changes are posted constitutes your acceptance of this Agreement as modified by the posted changes.

The disclaimer herein shall be governed by the law of the Hong Kong Special Administrative Region of the People's Republic of China ("Hong Kong") and you agree to submit to the exclusive jurisdiction of the Hong Kong courts.

In the event of any discrepancy between the Chinese and English versions, the English version shall prevail.

Last updated on 6 January 2023.