Xingyuan Materials Debuts on Hong Kong Exchange at HK$8.98, Surges 38.42% on First Trading Day

According to the listing announcement, Xingyuan Materials (stock code 06067) debuted on the Hong Kong stock exchange today (June 23) at HK$8.98 per share, raising net proceeds of approximately HK$1.263 billion from the issuance of 149 million shares. By late morning, the stock surged 38.42% to trade at HK$12.43 with HK$181 million in turnover.

According to Frost & Sullivan, the lithium-ion battery separator manufacturer ranked second globally in shipment volume for six consecutive years, with global market share increasing from 11.0% in 2020 to 11.6% in 2025. In mainland China's battery separator market, the company held a 13.5% share in 2025, ranking second.