Conch Material Technology

Established in 2018 and based in Wuhu, China, Conch Material Technology operates as a chemical materials supplier that focuses on the field of construction and building materials services. It has production factories in cities such as Ningbo, Linyi, Guigang, Meishan, Haidong, and Kunming. In December 2024, the company raised CNY 301. 8 million in pre-IPO funding.

In January 2025, Conch raised HKD 434. 92 million in an IPO, selling 144. 97 million shares at HKD 3 per share on the Hong Kong Exchanges And Clearing Ltd. The company is mainly engaged in the research and development, production, and sales of concrete admixtures.

The products include alcohol amine products, cement admixture products, polyether monomer products, concrete admixture mother liquor products, and concrete admixture products. Alcohol amine products are suitable for cements such as silicates and slag silicates. The product is suitable for the field of building materials services. The company generates revenue by providing concrete admixtures such as alcohol amine products and cement admixture products.

Conch plans to launch new products, enhancing its portfolio with innovative materials by the end of 2026. The company aims to expand into European and North American markets by 2025. The IPO funds will be used to optimize the company's production capacity, implement marketing plans, support research and development plans, repay some bank loans, acquire the company or establish a joint venture, and for working capital and other general corporate purposes.