SHOUGANG LANZA(02553.HK) closed 44.25% higher, the Hang Seng Basic Materials Sector saw divergent trends

New Timespace News：SHOUGANG LANZATECH (02553.HK) was listed on the Hong Kong Stock Exchange on June 3, 2026.

The issue price was HK$14.60. By the close, the stock price stood at HK$21.06, up HK$6.46 from the issue price, representing a 44.25% increase. The intraday high reached HK$29.98, while the low hit HK$18.02; total trading volume for the day amounted to HK$920 million, with a latest market capitalization of HK$5.614 billion.

Since its establishment in 2011, Shougang Langze has been deeply engaged in the CCUS industry, specializing in producing low-carbon products such as ethanol and microbial proteins through carbon capture and utilization technologies, while providing comprehensive low-carbon solutions. According to Frost & Sullivan data, the company is the first in the CCUS sector to commercialize and scale up the production of low-carbon products using proven synthetic biology technologies. As of the latest feasible date, the company has successfully operated four large-scale production facilities across three different provinces in China.