First day of new stock | Befar Group (06745) first listed, opening 21.26% lower in early trading. The company currently holds a leading position in the chlor-alkali chemical industry.

Befar Group (06745) made its debut on the stock market, with each share priced at HK$3.48. A total of 3.52 billion shares were issued, with 1000 shares per lot, generating a net amount of approximately HK$11.6 billion. As of the time of writing, the stock has dropped by 21.26% to HK$2.74, with a trading volume of HK$50.56 million. According to the prospectus, Befar Group is a comprehensive chemical group in China, with business areas including chlor-alkali chemicals, carbon three and four chemicals, and wet electronic chemicals. The company holds a leading position in the chlor-alkali chemical industry. Its core products include caustic soda, epoxy propane, MTBE, and electronic grade hydrofluoric acid. With an integrated industrial chain layout, Befar Group is able to independently produce some of the raw materials required for production operations. It is worth noting that Befar Group recently announced a profit increase in the first half of the year, with an expected net profit of 344 million yuan, a 208.25% increase year-on-year. In the first half of the year, the company's various units maintained stable operations, with stable production volumes of main products. Additionally, due to international political factors and geopolitical conflicts, global chemical raw material prices have risen, leading to a recovery in the prosperity of some of the company's products. Prices of main products such as epoxy propane, chloropropylene, and propylene have increased significantly compared to the same period last year, resulting in an increase in gross profit.