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IPO Timeline Raw facts
Broker Deadline
2026-07-06
Morning deadline
HKEX Deadline
2026-07-06
Noon deadline
Broker Results (T-2)
2026-07-07
Some brokers release in afternoon
Grey Market (T-1)
2026-07-08
Afternoon
HKEX Allotment (T-1)
2026-07-08
Evening
Registrar Allotment (T-1)
2026-07-08
Evening
Listing Day (T)
2026-07-09
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
Per-Share Equity Ratio
Other Market Price
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Reference Exchange Rate
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H-Share Offer Price Premium/Discount vs Other Market
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Price delayed 15 min, for reference only
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.
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 (35,682lots, 35,683lots)
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
HK Market Cap
HK$ 10.47B
Inclusion Pathway
A+H 有绿鞋(30天入通)
Est. Threshold
--- Met
Analysis Result
超额配股权失效后纳入(上市后约30日)
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 Performance
First Day Close
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Use of Proceeds
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)
China Galaxy International Securities (Hong Kong) Co., Limited CE AXM459Huatai Financial Holdings (Hong Kong) Limited CE AOK809ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299BOCI ASIA LIMITED CE AET863
Joint Bookrunners (5)
China Galaxy International Securities (Hong Kong) Co., Limited CE AXM459Huatai Financial Holdings (Hong Kong) Limited CE AOK809ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299BOCI ASIA LIMITED CE AET863CCB International Capital Limited CE AJO225
Joint Lead Managers (5)
China Galaxy International Securities (Hong Kong) Co., Limited CE AXM459Huatai Financial Holdings (Hong Kong) Limited CE AOK809ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299BOCI ASIA LIMITED CE AET863CCB International Capital Limited CE AJO225
Capital Market Intermediaries (5)
China Galaxy International Securities (Hong Kong) Co., Limited CE AXM459Huatai Financial Holdings (Hong Kong) Limited CE AOK809ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299BOCI ASIA LIMITED CE AET863CCB International Capital Limited CE AJO225
Stabilizing Manager (1)
China Galaxy International Securities (Hong Kong) Co., Limited CE AXM459
Service Providers
Role
Institution
Legal Advisor to Company
Freshfields
Jun He Law Offices
Jun He Law Offices LLC
Bank of China (Hong Kong) Limited
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
Chairman
李鋼
Company Secretary
郭泓
Non-Executive Director (1)
#
Name
English Name
Type
1
張萬鎮
—
Non-Executive Director
Executive Director (3)
#
Name
English Name
Type
1
李鋼
—
Executive Director
2
馬艷紅
—
Executive Director
3
邱基華
—
Executive Director
Independent Non-Executive Director (5)
#
Name
English Name
Type
1
蔣利軍
—
Independent Non-Executive Director
2
溫學禮
—
Independent Non-Executive Director
3
蘇彥奇
—
Independent Non-Executive Director
4
黃斯穎
—
Independent Non-Executive Director
5
溫
—
Independent Non-Executive Director
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.
// About this page //
This page shows CCTC (06951) prospectus details: offer price range, fundraise size, cornerstone investors, greenshoe, Pool A/B allocation and syndicate. For eligible IPOs it also provides a Stock Connect inclusion analysis, indicating the pathway and estimated timing for Southbound Connect admission; for A-share / US secondary listings, it additionally compares the other market's price, exchange rate and the H-share premium/discount. Data is parsed from the HKEX prospectus and related announcements.
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