IPO Timeline Raw facts
Broker Deadline
Morning deadline
HKEX Deadline
Noon deadline
Broker Results (T-2)
Some brokers release in afternoon
Grey Market (T-1)
Afternoon
HKEX Allotment (T-1)
Evening
Registrar Allotment (T-1)
Evening
Listing Day (T)
First day of trading
Cross-Market Price Comparison
| Other Listed Market | Shenzhen (SZSE) |
|---|---|
| Other Market Stock Code | 300408 |
| H-Share Offer Price | HK$ 100.30 |
| Other Market Price | Loading... |
| Reference Exchange Rate | Loading... |
| H-Share Offer Price Premium/Discount vs Other Market | Loading... |
Company Overview
| Stock Name | CCTC |
|---|---|
| Stock Code | 06951 |
| Company Full Name | Chaozhou Three-Circle (Group) Co., Ltd. |
| Industry | Industrial Goods |
| Principal Activities | We are a provider of electronic ceramic materials and component solutions, with products including electronic and ceramic materials, electronic components, communication devices, and equipment components, applied in fields such as communications, AI and data centers, consumer electronics, automotive electronics, semiconductor manufacturing and packaging, new energy, and intelligent industrial control. |
| Listing Date | 2026-07-09 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 廣東省潮州市鳳塘三環工業城 |
| Business Address (Hong Kong) | 香港銅鑼灣勿地臣街1號時代廣場二座31樓 |
| Place of Incorporation | China |
| Listing Method | Global Offering |
| Listing Board | Main Board |
| Website | cctc.cc |
| Share Registrar | 香港中央證券登記有限公司 (Computershare Hong Kong Investor Services Limited) |
| Registrar Contact | 香港中央證券登記有限公司，香港灣仔皇后大道東183號合和中心17樓1712-1716號舖 |
| A-Share/US Dual Listing | Yes (A股) |
Offering Information
| Offering Mechanism | Mechanism B |
|---|---|
| Offer Price | HK$ 100.30 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 100 shares |
| Entry Threshold | HK$ 10,030 |
| Par Value | RMB 1.0 / shares |
| Offer Period | 2026-06-30 to 2026-07-06 |
| Global Offering Shares | 71,364,300 shares |
| HK Public Offer Shares (Initial) | 7,136,500 shares (10.0%) |
| Public Offer Lots (Initial) | 71,365lots (Pool A35,682lots，Pool B35,683lots) |
| International Placing Shares (Initial) | 64,227,800 shares (90.0%) |
| Offer Ratio | ~10.0% |
| Total Shares Post-IPO | 1,987,861,671 shares |
| Greenshoe (Over-allotment Option) | Yes |
| Stabilizing Manager (Greenshoe) | China Galaxy International Securities (Hong Kong) Co., Limited CE AXM459 |
| Cornerstone Share | 49.8% |
| Clawback Tiers | To be extracted |
| Reallocation Option | Yes |
| Total Global Offering Size | HK$ 7,157,839,290 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 100 | HK$ 10,030 |
| 2 lots | 200 | HK$ 20,060 |
| 3 lots | 300 | HK$ 30,090 |
| 4 lots | 400 | HK$ 40,120 |
| 5 lots | 500 | HK$ 50,150 |
| 6 lots | 600 | HK$ 60,180 |
| 7 lots | 700 | HK$ 70,210 |
| 8 lots | 800 | HK$ 80,240 |
| 9 lots | 900 | HK$ 90,270 |
| 10 lots | 1,000 | HK$ 100,300 |
| 15 lots | 1,500 | HK$ 150,450 |
| 20 lots | 2,000 | HK$ 200,600 |
| 25 lots | 2,500 | HK$ 250,750 |
| 30 lots | 3,000 | HK$ 300,900 |
| 35 lots | 3,500 | HK$ 351,050 |
| 40 lots | 4,000 | HK$ 401,200 |
| 45 lots | 4,500 | HK$ 451,350 |
| 50 lots | 5,000 | HK$ 501,500 |
| 60 lots | 6,000 | HK$ 601,800 |
| 70 lots | 7,000 | HK$ 702,100 |
| 80 lots | 8,000 | HK$ 802,400 |
| 90 lots | 9,000 | HK$ 902,700 |
| 100 lots | 10,000 | HK$ 1,003,000 |
| 200 lots | 20,000 | HK$ 2,006,000 |
| 300 lots | 30,000 | HK$ 3,009,000 |
| 400 lots | 40,000 | HK$ 4,012,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 500 lots | 50,000 | HK$ 5,015,000 |
| 1,000 lots | 100,000 | HK$ 10,030,000 |
| 1,500 lots | 150,000 | HK$ 15,045,000 |
| 2,000 lots | 200,000 | HK$ 20,060,000 |
| 2,500 lots | 250,000 | HK$ 25,075,000 |
| 5,000 lots | 500,000 | HK$ 50,150,000 |
| 7,500 lots | 750,000 | HK$ 75,225,000 |
| 10,000 lots | 1,000,000 | HK$ 100,300,000 |
| 12,500 lots | 1,250,000 | HK$ 125,375,000 |
| 15,000 lots | 1,500,000 | HK$ 150,450,000 |
| 20,000 lots | 2,000,000 | HK$ 200,600,000 |
| 25,000 lots | 2,500,000 | HK$ 250,750,000 |
| 30,000 lots | 3,000,000 | HK$ 300,900,000 |
| 35,682 lots | 3,568,200 | HK$ 357,890,460 |
Stock Connect Inclusion Analysis
| HK Market Cap | HK$ 6.37B |
|---|---|
| Analysis Result | Already included in Stock Connect (both) |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 199,382,525,601 |
|---|---|
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Not disclosed |
| Profit/Loss Status | Net profit RMB 2,617 million |
| Period-End Cash Balance | To be extracted |
| Listing Expenses | ~HK$ 111,900,000 |
| Listing Expenses / Funds Raised | ~1.6% |
| Total Pre-IPO Investment | To be extracted |
| First Day Close | Loading... |
|---|---|
| Use of Proceeds | Approximately 41.2% will be used for new construction and expansion projects overseas and automation construction, approximately 48.8% will be used for technology iteration and material innovation, and approximately 10.0% will be used for working capital and other general corporate purposes. |
Underwriting Syndicate
Sole Sponsor (1)
China Galaxy International Securities (Hong Kong) Co., Limited CE AXM459(sole)
Sponsor cum Overall Coordinator (1)
China Galaxy International Securities (Hong Kong) Co., Limited CE AXM459(sole)
Overall Coordinators (1)
China Galaxy International Securities (Hong Kong) Co., Limited CE AXM459(sole)
Joint Global Coordinators (4)
Joint Bookrunners (5)
Joint Lead Managers (5)
Capital Market Intermediaries (5)
Stabilizing Manager (1)
China Galaxy International Securities (Hong Kong) Co., Limited CE AXM459
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
富而德律师事务所 君合律师事务所 Jun He Law Offices LLC |
| Legal Advisor to Sponsors/Underwriters |
金杜律师事务所 竞天公诚律师事务所 |
| Auditor and Reporting Accountant | SHINEWING (HK) CPA Limited |
| Industry Advisor | 弗若斯特沙利文（北京）咨询有限公司上海分公司 |
| Receiving Banks |
中国银行（香港）有限公司 中国工商银行（亚洲）有限公司 中国农业银行有限公司香港分行 |
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | 淡马锡 | 50 USD | 3,906,700 | 5.47% | 0.20% | 6 months | 2027-01-09 |
| 2 | JPMAMAPL | 50 USD | 3,906,700 | 5.47% | 0.20% | 6 months | 2027-01-09 |
| 3 | CPE River | 50 USD | 3,906,700 | 5.47% | 0.20% | 6 months | 2027-01-09 |
| 4 | Ninety One Asia | 30 USD | 2,344,000 | 3.28% | 0.12% | 6 months | 2027-01-09 |
| 5 | Alibaba Investment | 30 USD | 2,344,000 | 3.28% | 0.12% | 6 months | 2027-01-09 |
| 6 | 黄河 | 25 USD | 1,953,300 | 2.74% | 0.10% | 6 months | 2027-01-09 |
| 7 | GSAM | 20 USD | 1,562,600 | 2.19% | 0.08% | 6 months | 2027-01-09 |
| 8 | 宏利 | 20 USD | 1,562,600 | 2.19% | 0.08% | 6 months | 2027-01-09 |
| 9 | 泰康人寿 | 20 USD | 1,562,600 | 2.19% | 0.08% | 6 months | 2027-01-09 |
| 10 | 汇添富投资者 | 20 USD | 1,562,600 | 2.19% | 0.08% | 6 months | 2027-01-09 |
| 11 | 博时国际 | 20 USD | 1,562,600 | 2.19% | 0.08% | 6 months | 2027-01-09 |
| 12 | 工银理财 | 20 USD | 1,562,600 | 2.19% | 0.08% | 6 months | 2027-01-09 |
| 13 | IvyRock | 20 USD | 1,562,600 | 2.19% | 0.08% | 6 months | 2027-01-09 |
| 14 | 大湾区共同家园投资 | 20 USD | 1,562,600 | 2.19% | 0.08% | 6 months | 2027-01-09 |
| 15 | Metazone | 20 USD | 1,562,600 | 2.19% | 0.08% | 6 months | 2027-01-09 |
| 16 | Verition Fund | 20 USD | 1,562,600 | 2.19% | 0.08% | 6 months | 2027-01-09 |
| 17 | GMF与IRMF | 20 USD | 1,562,600 | 2.19% | 0.08% | 6 months | 2027-01-09 |
Directors & Management
| Position | Chinese name | English Name |
|---|---|---|
| Chairman / Executive Director | 李鋼 | Li Gang |
| Company Secretary | 郭泓 | — |
| Non-Executive Director | 張萬鎮 | Zhang Wanzhen |
| Independent Non-Executive Director | 蔣利軍 | Jiang Lijun |
| Executive Director | 馬艷紅 | Ma Yanhong |
| Independent Non-Executive Director | 溫學禮 | Wen Xueli |
| Executive Director | 邱基華 | Qiu Jihua |
| Independent Non-Executive Director | 蘇彥奇 | Su Yanqi |
| Independent Non-Executive Director | 黃斯穎 | Wong Sze Wing |
Major Shareholders
| Major Shareholders & Holdings | Mr. Zhang (through direct and indirect shareholdings) holds approximately 35.42% of the shares, and Sanjiang Investment holds approximately 32.72% of the shares. |
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