濱化股份 06745 Prospectus Information

IPO Timeline

Broker Deadline

2026-07-07

Morning deadline

HKEX Deadline

2026-07-07

Noon deadline

Broker Results (T-2)

2026-07-08

Some brokers release in afternoon

Grey Market (T-1)

2026-07-09

Afternoon

HKEX Allotment (T-1)

2026-07-09

Evening

Registrar Allotment (T-1)

2026-07-09

Evening

Listing Day (T)

2026-07-10

First day of trading

Cross-Market Price Comparison

Other Listed Market	Shanghai (SSE)
Other Market Stock Code	601678
	HK$ 3.05 - 3.59
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	濱化股份
Stock Code	06745
Company Full Name	濱化股份
Industry	氯鹼化工
Principal Activities	我們是一家國內的綜合型化工集團，主要從事氯鹼化學品、碳三碳四化學品及濕電子化學品的生產及銷售。核心產品包括燒鹼、環氧丙烷、MTBE、電子級氫氟酸等。
Listing Date	2026-07-10
Listing Rules Era
Listing Rules Chapter	To be extracted
Weighted Voting Rights (WVR)	No
Registered Address (Mainland China)	中國山東省濱州市濱城區黃河五路888號
Business Address (Hong Kong)	香港灣仔皇后大道東183號合和中心46樓
Place of Incorporation	中國
Listing Method	全球發售
Listing Board	Main Board
Website	www.befar.com
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	To be extracted
Offer Price Range	HK$ 3.05 - 3.59
Lot Size	1,000 shares
Entry Threshold	HK$ 3,590
Par Value	RMB 1.0 / shares
Offer Period	2026-06-30 to 2026-07-07
Global Offering Shares	352,126,000 shares
HK Public Offer Shares (Initial)	35,213,000 shares (10.0%)
Public Offer Lots (Initial)	35,213lots (17,606lots, 17,607lots)
International Placing Shares (Initial)	316,913,000 shares (90.0%)
Offer Ratio	~10.0%
Total Shares Post-IPO	2,408,962,276 shares
Greenshoe (Over-allotment Option)	No
Stabilizing Manager (Greenshoe)	—
Cornerstone Share	30.9%
Clawback Tiers	To be extracted
Reallocation Option	Yes
Total Global Offering Size	HK$ 1,264,132,340

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	1,000	HK$ 3,590
2 lots	2,000	HK$ 7,180
3 lots	3,000	HK$ 10,770
4 lots	4,000	HK$ 14,360
5 lots	5,000	HK$ 17,950
6 lots	6,000	HK$ 21,540
7 lots	7,000	HK$ 25,130
8 lots	8,000	HK$ 28,720
9 lots	9,000	HK$ 32,310
10 lots	10,000	HK$ 35,900
15 lots	15,000	HK$ 53,850
20 lots	20,000	HK$ 71,800
25 lots	25,000	HK$ 89,750
30 lots	30,000	HK$ 107,700
35 lots	35,000	HK$ 125,650
40 lots	40,000	HK$ 143,600
45 lots	45,000	HK$ 161,550
50 lots	50,000	HK$ 179,500
60 lots	60,000	HK$ 215,400
70 lots	70,000	HK$ 251,300
80 lots	80,000	HK$ 287,200
90 lots	90,000	HK$ 323,100
100 lots	100,000	HK$ 359,000
200 lots	200,000	HK$ 718,000
300 lots	300,000	HK$ 1,077,000
400 lots	400,000	HK$ 1,436,000
500 lots	500,000	HK$ 1,795,000
1,000 lots	1,000,000	HK$ 3,590,000

Pool B

Lots Subscribed	Shares Subscribed	Subscription Amount (HKD)
1,500 lots	1,500,000	HK$ 5,385,000
2,000 lots	2,000,000	HK$ 7,180,000
2,500 lots	2,500,000	HK$ 8,975,000
3,000 lots	3,000,000	HK$ 10,770,000
4,000 lots	4,000,000	HK$ 14,360,000
5,000 lots	5,000,000	HK$ 17,950,000
6,000 lots	6,000,000	HK$ 21,540,000
7,000 lots	7,000,000	HK$ 25,130,000
8,000 lots	8,000,000	HK$ 28,720,000
9,000 lots	9,000,000	HK$ 32,310,000
10,000 lots	10,000,000	HK$ 35,900,000
17,606 lots	17,606,000	HK$ 63,205,540

Valuation & Financials

Market Cap (at Offer Price)	HK$ 7,347,334,941 - 8,648,174,570
Pre-IPO Valuation (Last Round)	To be extracted
P/E Ratio	To be extracted
Profit/Loss Status	盈利人民幣235.5百萬元
Period-End Cash Balance	To be extracted
Listing Expenses	~HK$ 66,700,000
Listing Expenses / Funds Raised	~5.28%
Total Pre-IPO Investment	To be extracted

First Day Performance

First Day Close	Loading...

Use of Proceeds

Use of Proceeds	約40%用於源網荷儲項目建設，約30%用於提升研發能力，約10%用於高端電子化學品生產設施建設。

Underwriting Syndicate

Joint Sponsors (2)

华泰金融控股（香港）有限公司 CE AOK809 建银国际金融有限公司 CE AJO225

Sponsor cum Overall Coordinator (1)

华泰金融控股（香港）有限公司 CE AOK809

Overall Coordinators (3)

华泰金融控股（香港）有限公司 CE AOK809 建银国际金融有限公司 CE AJO225 中泰国际证券有限公司 CE BAA855

Joint Global Coordinators (5)

华泰金融控股（香港）有限公司 CE AOK809 建银国际金融有限公司 CE AJO225 中泰国际证券有限公司 CE BAA855 华福国际证券有限公司 CE BQC241 中州国际证券有限公司 CE BFI947

Joint Bookrunners (6)

华泰金融控股（香港）有限公司 CE AOK809 建银国际金融有限公司 CE AJO225 中泰国际证券有限公司 CE BAA855 华福国际证券有限公司 CE BQC241 中州国际证券有限公司 CE BFI947 招银国际融资有限公司 CE AVM940

Joint Lead Managers (6)

Capital Market Intermediaries (6)

Service Providers

Role	Institution
Legal Advisor to Company	君合律师事务所北京市通商律师事务所
Legal Advisor to Sponsors/Underwriters	金杜律师事务所金杜律师事务所
Auditor and Reporting Accountant	毕马威会计师事务所
Industry Advisor	弗若斯特沙利文（北京）咨询有限公司上海分公司
Receiving Banks	招商永隆银行有限公司

Cornerstone Investors

#	Investor Name	Investment Amount	Shares Subscribed	% of Offer Shares	% of Total Shares	Lock-up Period	Est. Unlock Date
1	北京益安及華泰資本投資（有關北京益安場外掉期）	15,000,000 HKD	32,739,000	9.30%	1.39%	6 months	2027-01-10
2	魯花道生及華泰資本投資（有關魯花道生場外掉期）	6,000,000 HKD	13,095,000	3.72%	0.56%	6 months	2027-01-10
3	Aurora SF（有關安排）	5,900,000 HKD	12,814,000	3.64%	0.55%	6 months	2027-01-10
4	中國宏橋	7,500,000 HKD	16,369,000	4.65%	0.70%	6 months	2027-01-10
5	Hyperion Venture	2,900,000 HKD	6,407,000	1.82%	0.27%	6 months	2027-01-10
6	天圖	10,000,000 HKD	21,826,000	6.20%	0.93%	6 months	2027-01-10
7	盛威	2,500,000 HKD	5,571,000	1.58%	0.24%	6 months	2027-01-10

Directors & Management

Chairman	于江
Company Secretary	孫淑芳

執行董事 (4)

#	Name	English Name	Type
1	于江	—	執行董事
2	董紅波	—	執行董事
3	任元濱	—	執行董事
4	劉洪安	—	執行董事

非執行董事 (1)

#	Name	English Name	Type
1	宋樹華	—	非執行董事

獨立非執行董事 (4)

#	Name	English Name	Type
1	郝銀平	—	獨立非執行董事
2	李海霞	—	獨立非執行董事
3	王謙	—	獨立非執行董事
4	曹春萌	—	獨立非執行董事

Major Shareholders

Major Shareholders & Holdings	單一最大股東集團為濱州和宜及濱州和遠（作為普通合夥人），合共持有約11.26%；其他主要股東包括張忠正（2.55%）、于江（1.77%）等。

Offering Structure

Subscription Tiers

IPO Timeline

濱化股份 06745Prospectus Information