On the morning of March 12, 2020, Ximei Resources Holdings Limited (referred to as Ximei Resources, stock code 09936.HK) held a grand bell-ringing ceremony for listing on the Main Board of the Hong Kong Stock Exchange.
Mr. Wu Lijue, founder, chairman of the board and CEO of Ximei Resources attended the bell ringing ceremony. The majority of partners and company employees witnessed this milestone moment through live video broadcasting.
The main operating entity of Ximei Resources in China is Guangdong Zhiyuan New Materials Limited. (now renamed Ximei Resources (Guangdong) Limited.), which was established in 2006 and located in Yingde, Qingyuan, Guangdong.
Ximei Resources has intensively cultivated tantalum and niobium hydrometallurgical products. After more than ten years of market baptism, it has continued to grow and develop. It seizes the opportunities of industry integration and development, relying on excellent product quality, leading extraction technology and forward-looking business decisions, Ximei Resources has gradually grown to be a leader in the industry. It has established its leading position in the production and manufacturing of tantalum-niobium hydrometallurgical products.
The professional management team leads Ximei Resources to continuously improve profitability.
Mr. Wu Lijue, the founder of Ximei Resources, graduated from Central South University with a bachelor's degree in powder metallurgy in 1984 and obtained an EMBA degree from Sun Yat-sen University in 2011. He has been engaged in the tantalum and niobium industry for more than 30 years and has extensive experience in production technology and management. Mr. Wu leads the core team to focus on the hydrometallurgical technology of the tantalum and niobium industry chain and make it more detailed and stronger.
Ximei Resources focuses on continuous investment in technology research and development. In the past three years, the compound growth rate of R&D investment has exceeded 60%, and 24 patents have been obtained. The product quality is stable. The company's product technical and economic indicators are at the advanced level of the industry.
The company's ability to create profitability continues to improve. From 2016 to 2018, the compound growth rate of the company's operating income was 53.9%, and the compound growth rate of net profit was 79.7%.
In the high-tech field, the tantalum and niobium industry will have considerable growth prospects.
Tantalum and niobium are both national strategic metals and are known as "industrial MSG" like rare earth elements. Tantalum and niobium products have a wide range of applications, and have mature applications in special alloys, chemicals, electronic ceramics, aerospace, high-end consumer electronics, national defense and cemented carbide. Tantalum and niobium products are also playing an indispensable role in high-tech products such as mobile phones, cameras, artificial bones, high-speed rails, and aircraft carriers.
With the vigorous development of strategic emerging industries, including new lithium batteries, unmanned driving, etc., the application fields of tantalum and niobium products have become broader.
Ximei Resources issued 75 million shares this time. Based on the issue price of HK$2.32, the total raised amount is HK$174 million. Funds raised from this listing are mainly aimed at achieving sustained business growth and consolidating the company's industry leading position. 68.8% of the funds raised will be used to expand the industrial chain, 17.9% will be used for future R&D investment, 3.5% will be used to strengthen the European sales network and Brazilian procurement channels, and 9.8% will be used for operating funds and general purposes.
Mr. Wu Lijue said that the listing of Ximei Resources on the Hong Kong Main Board is not only an important milestone in the company's development history, but also a new starting point for the company to move from a domestic leader to a global leader.
Ximei Resources has become a global public company. In the future, we will still keep in mind the mission of "developing rare resources and creating a better world". At the same time, we shoulder the responsibility of leading the technological innovation of the tantalum and niobium industry, and promoting the standardization and sustainable development of the industry.
Ximei Resources expands resources upwards, extends technology and industrial chains downwards, improves overseas purchase and sales networks, and enhances international competitiveness. Ximei Resources is determined to build a world-class tantalum and niobium industry benchmark enterprise.