New stock news | Haiwei Electronics passes the hearing of the Hong Kong Stock Exchange, deeply cultivating the thin film capacitor track.

According to the disclosure by the Hong Kong Stock Exchange on November 3, Hebei Haiwei Electronic New Materials Technology Co., Ltd. (referred to as Haiwei Electronics) has conducted a hearing for listing on the main board of the Hong Kong Stock Exchange, with CICC as the exclusive sponsor. According to data from Zhishi Consultancy, based on the sales volume of capacitor base film in 2024, Haiwei Electronics is the second-largest capacitor film manufacturer in China. The prospectus shows that Haiwei Electronics' capacitor film products mainly include capacitor base film and metallized film. These products are key components of thin film capacitors, which are known for their excellent voltage resistance, high frequency stability, and long service life. Thin film capacitors have a wide range of end applications, including new energy vehicles, new energy power systems, industrial equipment, and household appliances. In 2024, based on revenue from capacitor base film, the company's market share in China is 10.9%. According to data from Zhishi Consultancy, in the capacitor base film industry, the market size of capacitor base film is often widely used to represent the market size of capacitor film products, because most products from capacitor film manufacturers are delivered in the form of capacitor base film. According to Zhishi Consultancy, in terms of sales volume, the market size of China's capacitor base film market is expected to grow from 46,200 tons in 2019 to 113,400 tons in 2024 at an annual compound growth rate of 19.7%, reaching 224,100 tons in 2029, with an annual compound growth rate of 14.1% from 2025 to 2029. Haiwei Electronics is the only company with the independent design and development capabilities of capacitor base film production lines. As of August 21, 2025, all five of the company's existing capacitor base film production lines were independently designed, developed, and assembled by the company. The company's independent design and development capabilities for capacitor base film production lines help the company overcome industry bottlenecks and provide a solid foundation for capacity enhancement and cost control. Specifically, Haiwei Electronics' independently designed and developed capacitor base film production lines have a delivery period of about eight months, significantly shorter than the industry's average delivery period of three to five years for imported production lines. The investment cost of the company's newly built capacitor base film production line is estimated to be approximately RMB 120 million, far lower than the industry average in China. To meet different customer needs, Haiwei Electronics provides a variety of specifications for capacitor film products by flexibly adjusting the parameters of production lines. As of August 21, 2025, the thickness range of the company's capacitor film products covers from 2.7 microns to 13.8 microns, catering to multiple end application scenarios. In terms of financials, the company's revenue for the fiscal years 2022, 2023, 2024, and the first five months of 2025 were approximately RMB 327 million, RMB 330 million, RMB 422 million, and RMB 157 million respectively. During the same period, the annual net profit and comprehensive income totaled approximately RMB 102 million, RMB 69.826 million, RMB 86.418 million, and RMB 31.359 million respectively.