Jlmag 06680 Prospectus Information

Cross-Market Price Comparison

Other Listed Market	Shenzhen (SZSE) — 金力永磁
Other Market Stock Code	300748
H-Share Offer Price	HK$ 33.80
Per-Share Equity Ratio
Other Market Price	Loading...
Reference Exchange Rate	Loading...
H-Share Offer Price Premium/Discount vs Other Market	Loading...

Company Overview

Stock Name	Jlmag
Stock Code	06680
Company Full Name	To be extracted
Industry	Industrial Goods
Principal Activities	主要從事高性能釹鐵硼永磁材料的製造及銷售，產品廣泛應用於新能源汽車及汽車零部件、永磁風力發電機、節能變頻空調等領域。
Listing Date	2022-01-14
Listing Rules Era	Old Rules
Listing Rules Chapter	To be extracted
Weighted Voting Rights (WVR)	No
Registered Address (Mainland China)	中國江西省贛州市經濟技術開發區工業園
Business Address (Hong Kong)	香港灣仔皇后大道東248號大新金融中心40樓
Place of Incorporation	To be extracted
Listing Method	To be extracted
Listing Board	Main Board
Website	www.jlmag.com.cn
Share Registrar	香港中央證券登記有限公司 (Computershare Hong Kong Investor Services Limited)
Registrar Contact	(852)2862 8628
A-Share/US Dual Listing	Yes (A股)

Offering Information

Offering Mechanism	Mechanism A
Offer Price	HK$ 33.80 / shares
Offer Price Range	Final offer price only, no range
Lot Size	200 shares
Entry Threshold	HK$ 6,759
Par Value	RMB 1.0 / shares
Offer Period	2021-12-31 to 2022-01-07
Global Offering Shares	125,466,000 shares
HK Public Offer Shares (Initial)	12,546,800 shares (10.0%)
Public Offer Lots (Initial)	62,734lots (Pool A31,367lots，Pool B31,367lots)
International Placing Shares (Initial)	112,919,200 shares (90.0%)
Offer Ratio	~10.0%
Total Shares Post-IPO	836,439,590 shares
Greenshoe (Over-allotment Option)	Yes
Stabilizing Manager (Greenshoe)	To be extracted
Cornerstone Share	50.6%
Clawback Tiers	To be extracted
Reallocation Option	Yes
Total Global Offering Size	HK$ 4,240,750,800

Subscription Tiers

Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.

Pool A

Lots Subscribed	Shares Subscribed	Subscription Amount (HKD)
1 lots	200	HK$ 6,760
2 lots	400	HK$ 13,520
3 lots	600	HK$ 20,280
4 lots	800	HK$ 27,040
5 lots	1,000	HK$ 33,800
6 lots	1,200	HK$ 40,560
7 lots	1,400	HK$ 47,320
8 lots	1,600	HK$ 54,080
9 lots	1,800	HK$ 60,840
10 lots	2,000	HK$ 67,600
15 lots	3,000	HK$ 101,400
20 lots	4,000	HK$ 135,200
25 lots	5,000	HK$ 169,000
30 lots	6,000	HK$ 202,800
35 lots	7,000	HK$ 236,600
40 lots	8,000	HK$ 270,400
45 lots	9,000	HK$ 304,200
50 lots	10,000	HK$ 338,000
100 lots	20,000	HK$ 676,000
150 lots	30,000	HK$ 1,014,000
200 lots	40,000	HK$ 1,352,000
250 lots	50,000	HK$ 1,690,000
300 lots	60,000	HK$ 2,028,000
350 lots	70,000	HK$ 2,366,000
400 lots	80,000	HK$ 2,704,000
500 lots	100,000	HK$ 3,380,000
600 lots	120,000	HK$ 4,056,000
700 lots	140,000	HK$ 4,732,000

Pool B

Lots Subscribed	Shares Subscribed	Subscription Amount (HKD)
800 lots	160,000	HK$ 5,408,000
900 lots	180,000	HK$ 6,084,000
1,000 lots	200,000	HK$ 6,760,000
3,000 lots	600,000	HK$ 20,280,000
4,000 lots	800,000	HK$ 27,040,000
5,000 lots	1,000,000	HK$ 33,800,000

Stock Connect Inclusion Analysis

HK Market Cap	HK$ 4.31B
Analysis Result	Already included in Stock Connect (both)

Valuation & Financials

Market Cap (at Offer Price)	HK$ 30,990,086,810
H-Share Market Cap (at Offer Price)	HK$ 4,240,750,799
Pre-IPO Valuation (Last Round)	Not disclosed
P/E Ratio	Not disclosed
Profit/Loss Status	盈利約人民幣244.7百萬元
Period-End Cash Balance	To be extracted
Listing Expenses	~HK$ 209,015,300
Listing Expenses / Funds Raised	~4.93%
Total Pre-IPO Investment	To be extracted

Financial Data

Unit: '000 RMB

Income Statement

Item	2018	2019	2020
Revenue	1,282,004	1,630,117	2,288,664
Cost of sales	-997,893	-1,285,956	-1,745,679
Gross profit	284,111	344,161	542,985
Other income and gains, net	52,316	31,723	63,178
Selling and distribution expenses	-19,694	-17,793	-17,053
Administrative expenses	-60,403	-61,818	-104,336
Net finance costs	-32,460	-42,099	-73,859
Share of associates and JVs	-2,924	-647	-1,739
Profit before tax	159,012	178,741	278,717
Income tax expense	-12,665	-22,144	-34,017
Profit for the year	146,347	156,597	244,700
Profit attributable to owners	147,019	156,889	244,502

Balance Sheet

Item	2018	2019	2020	2021-06
Cash and cash equivalents	396,686	644,305	593,012
Trade and bills receivables	369,886	704,773	743,067
Inventories	598,146	637,311	924,987
Total current assets	1,706,040	2,314,481	2,759,783
Total assets	2,143,585	2,860,186	3,522,128
Total current liabilities	926,118	961,368	1,272,315
Total equity	1,107,629	1,330,206	1,567,476
Equity attributable to owners	1,111,315	1,330,183	1,567,301
Interest-bearing borrowings	590,132	667,789	733,841	1,220,458

Cash Flow Statement

Item	2018	2019	2020	2021-06
Net cash from operating activities	33,903	80,830	158,035
Net cash from investing activities	-108,534	-120,239	-208,138
Depreciation of PP&E	32,306	39,734	46,202	29,033
Depreciation of right-of-use assets	2,109	2,511	3,026	3,116
Amortisation of intangible assets	197	211	588	291
Purchase of PP&E	-58,615	-97,408	-117,607	-204,722

Income Statement

Balance Sheet

Cash Flow Statement

Source: Accountants' Report and Audited Consolidated Financial Statements

First Day Close	HK$ 28.2
First Day Open	HK$ 30.8
First Day Change	-16.57%
First Day Volume	29991800.0
First Day Turnover	876048000.0
Use of Proceeds	1、約35.0%（或約1,415.8百萬港元）預期將用于建設寧波生產基地； 2、約25.0%（或約1,011.4百萬港元）預期將于2023年年底之前用于潛在收購，以擴展我們的全球產業鏈布局； 3、約20.0%（或約809.0百萬港元）預期將用于我們的研發； 4、約10.0%（或約404.5百萬港元）將分配至用于償還我們的包頭生產基地項目建設貸款； 5、約10.0%（或約404.5百萬港元）預期將用作我們的營運資金及一般公司用途。

Underwriting Syndicate

Joint Sponsors (2)

CITIC Securities (Hong Kong) Limited CE AAK249 BNP PARIBAS SECURITIES (ASIA) LIMITED CE AAF669

Overall Coordinators (3)

CLSA LIMITED CE AAB893 BNP PARIBAS SECURITIES (ASIA) LIMITED CE AAF669 DBS ASIA CAPITAL LIMITED CE AAE430

Joint Bookrunners (3)

CLSA LIMITED CE AAB893 BNP PARIBAS SECURITIES (ASIA) LIMITED CE AAF669 DBS ASIA CAPITAL LIMITED CE AAE430

Joint Lead Managers (5)

CLSA LIMITED CE AAB893 BNP PARIBAS SECURITIES (ASIA) LIMITED CE AAF669 DBS ASIA CAPITAL LIMITED CE AAE430 Futu Securities International (HONG KONG) Limited CE AZT137 Livermore Holdings Limited CE BJN764

Cornerstone Investors

#	Investor Name	Investment Amount	Shares Subscribed	% of Offer Shares	% of Total Shares	Lock-up Period	Est. Unlock Date
1	CR Alpha Investment II Limited	386,117,680 HKD	—	9.10%	—	6 months	2022-07-14
2	Hillhouse Funds	211,608,280 HKD	—	4.99%	—	6 months	2022-07-14
3	中白产业投资基金	154,432,200 HKD	—	3.64%	—	6 months	2022-07-14
4	中国国有企业混合所有制改革基金有限公司	1,158,353,040 HKD	—	27.31%	—	6 months	2022-07-14
5	中信保诚人寿保险有限公司	234,010,920 HKD	—	5.52%	—	6 months	2022-07-14

Directors & Management

Position	Chinese name	English Name
Chairman	蔡報貴	—
Company Secretary	鹿明、張瀟	—

No director data available.

Major Shareholders

Major Shareholders & Holdings	蔡報貴、胡志濱及李忻農先生為一致行動人士，合共控制A股280,353,456股（約39.43%）；瑞德創投持有A股241,937,600股（34.03%）；金風投控持有A股58,736,320股（8.26%）；贛州稀土持有A股43,200,000股（6.08%）。

Jlmag 06680·IPOProspectus Information