IPO News | Jinyan Hi-Tech and Haiqing Zhiyuan's proposed Hong Kong stock IPOs have been received by the China Securities Regulatory Commission

The Zhitong Finance App learned that on August 22, the China Securities Regulatory Commission issued an overseas securities issuance and listing filing schedule (initial public offering and full circulation) for domestic companies (as of August 22, 2025). This week (August 18-22), additional companies such as Jinyan Hi-Tech and Haiqing Zhiyuan were added to receive materials from the China Securities Regulatory Commission for their Hong Kong IPO. At the same time, two new companies, Comfort and Manycore Tech Inc. (Manycore Tech Inc.), have been added to the Hong Kong IPO, and the listing status is “supplementary material” with the China Securities Regulatory Commission.

According to the prospectus, Jinyan Hi-Tech specializes in coal-based kaolin in China and has integration capabilities across the entire value chain from mining, R&D, processing to production and sales. As a major producer of calcined kaolin products in China, the company's business relies on rich and high-quality coal-based kaolin mineral resources. The company's products mainly include mullite materials for precision casting and mullite materials for fire resistance. These products are important materials for precision casting shells and refractory materials. The company also sells raw coking starch, which can be further processed by customers.

Haiqing Zhiyuan is a leading multispectral AI technology company in China. Relying on self-developed technology in the field of multispectral sensing and AI algorithms, the company provides products and services that can detect physical information visible and invisible to the human eye. Such products and services include multispectral AI modules, multispectral AI sensing terminals, and multispectral AI large model services. The company's solutions enable higher-level perception and safety monitoring, providing additional information decisions on pan-security and intelligent sensing for a variety of customers mainly engaged in software and information technology services, electronic products, Internet of Things data centers, smart driving systems, telecom operators, Internet of Things, system integration and construction-related businesses.

According to the prospectus, Le Comfort is a multinational hygiene products company focusing on the rapid development of emerging markets (1) in Africa, Latin America, Central Asia, etc., and is mainly engaged in the development, manufacture and sale of baby and feminine hygiene products such as baby diapers, baby pull-ups, sanitary napkins, and wet wipes. During the track record period, most of the company's revenue came from sales to African customers.

According to the prospectus, Manycore is a leading cloud-native space design software provider. Its products are widely used in business scenarios from residential and office buildings to retail stores and commercial projects. The company's software is driven by artificial intelligence (AI) technology and dedicated graphics processing unit (GPU) clusters, enabling designers and businesses to create engaging designs and experience them with real-time and immersive visual effects.