Company Overview - Jin Xun Resources (03636) saw a significant stock price increase of over 15% on its second day of trading, reaching a high of 46.16 HKD, which is more than a 50% rise from its IPO price of 30 HKD [1] - As of the latest update, the stock is up 16.03%, trading at 43.86 HKD with a transaction volume of 1.33 billion HKD [1] Production and Market Position - Jin Xun Resources is a high-quality cathode copper manufacturer, ranked fifth among Chinese cathode copper producers based on production in the Democratic Republic of Congo (DRC) and Zambia, according to its prospectus citing Frost & Sullivan data [1] - The company is the only Chinese firm in the top five producers in both jurisdictions, with an estimated production of approximately 16,000 tons in DRC and 5,000 tons in Zambia for 2024 [1] - In the private sector in China, the company ranks third in DRC with a market share of 0.9% and holds the top position in Zambia [1] Industry Insights - Cathode copper is a core raw material for copper processing, which can be further processed into copper rods, pipes, and foils, widely used in consumer electronics, infrastructure, construction, and transportation industries [1] - The global copper industry is experiencing a supply-demand imbalance driven by downstream sectors such as AI, new energy, consumer electronics, and infrastructure [1] - The company has cornerstone investors including Glencore, which provides significant backing from industry giants [1]

中国经济网北京1月12日讯 云南金浔资源股份有限公司（以下简称"金浔资源"，03636.HK）1月9日在港交所上市。截至当日收盘报37.80港元，涨幅 26.00%。 金浔资源自成立以来主要从事有色金属业务，主要产品为阴极铜及铜精矿，亦向其他金属贸易公司及有色金属生产商买卖采购自供货商的有色金属产 品。 根据配发结果公告，金浔资源本次发售股份数目为36,765,600股H股，其中香港公开发售的最终发售股份数目为3,676,600股H股，国际发售的最终发售 股份数目为33,089,000股H股。 | 价格资料 | | | --- | --- | | 最终发售价 | 30.00港元 | | 发售股份及股本 | | | 发售股份数目 | 36, 765, 600 | | 香港公开发售的最终发售股份数目 | 3, 676, 600 | | 国际发售的最终发售股份数目 | 33, 089, 000 | | 于上市时已发行的股份数目（于超额配股权获行使前） | 147, 062, 243 | 金浔资源本次最终发售价为30.00港元，所得款项总额为1,102.97百万港元，减去据最终发售价的估计应付上市开支60.37百万港 ...

Group 1: Copper Market Dynamics - Major tech companies like Microsoft, Google, Amazon, and Meta are significantly increasing their investments in AI data centers, which heavily rely on copper for power transmission, AI computing clusters, and high-performance networking equipment, creating a new demand engine for the copper market [1] - Goldman Sachs has revised its short-term copper price forecast for the first half of 2026 from $11,525 per ton to $12,750 per ton, citing a "scarcity premium" and market revaluation due to insufficient inventory outside the US [1] - Despite the upward revision, Goldman Sachs maintains a cautious outlook, stating that prices above $13,000 per ton are unlikely to be sustainable in the long term, keeping its fourth-quarter 2026 LME copper price forecast at $11,200 per ton [1] Group 2: Investment Insights and Company Performance - CITIC Securities analysts believe that the copper market is driven by the transition of global order, suggesting that copper will continue to rise, with $13,000 not being the peak, and they are optimistic about the odds for copper prices in 2026 [2] - The copper market is currently experiencing a technical correction after reaching historical highs, but structural demand is expected to provide strong support for prices [2] - Companies in the copper mining sector, such as Luoyang Molybdenum (03993), Zijin Mining (02899), Jiangxi Copper (00358), and Minmetals Resources (01208), are highlighted as key players in the market [2] Group 3: Company Announcements - China Nonferrous Mining (01258) announced that the Qianbixi Southeast mine will complete its repair work by December 2025 and is set to resume production on January 1, 2026, with an expected total copper output of approximately 484,000 tons in 2026 [3] - The company anticipates producing about 134,000 tons of cathode copper and 350,000 tons of crude/anode copper, although production may decline due to planned maintenance at its smelting facilities [3] - The company projects to produce approximately 155,000 tons of copper from its own mines, along with 900,000 tons of sulfuric acid, 100,000 tons of liquid sulfur dioxide, and 600 tons of cobalt hydroxide containing cobalt [3]

Core Viewpoint - Yunnan Jinxun Resources Co., Ltd. (金浔资源) was listed on the Hong Kong Stock Exchange on January 9, with a closing price of HKD 37.80, reflecting a 26% increase from the issue price of HKD 30.00 [1][2]. Group 1: Company Overview - Jinxun Resources primarily engages in the non-ferrous metal business, focusing on products such as cathode copper and copper concentrate, and trades with other metal trading companies and producers [1]. - The total number of shares issued in the IPO was 36,765,600, with 3,676,600 shares allocated for public offering in Hong Kong and 33,089,000 shares for international offering [2]. Group 2: Financial Details - The total proceeds from the IPO amounted to HKD 1,102.97 million, with net proceeds of HKD 1,042.60 million after deducting estimated listing expenses of HKD 60.37 million [2][3]. - Approximately 80% of the net proceeds (HKD 834.1 million) will be used to expand core business operations, including enhancing the capacity of the copper smelting plant in the Democratic Republic of Congo and increasing the production of cobalt hydroxide [3]. Group 3: Key Investors - Major cornerstone investors include Glencore International AG, Stoneylake Global Alpha Fund, and several other asset management firms [5]. Group 4: Financial Performance - Jinxun Resources' projected revenues for 2022, 2023, and 2024 are RMB 637.3 million, RMB 675.7 million, and RMB 1,769.8 million, respectively, with net profits of RMB 83.5 million, RMB 29.1 million, and RMB 202.4 million [6][7]. - The company expects to generate significant cash flow from operating activities, with net cash flow projected at RMB 202.18 million for 2022 and RMB 292.56 million for 2024 [8].

本报讯 记者郭曼报道 1月9日，昆明高新区企业云南金浔资源股份有限公司（以下简称"金浔资源"）在 香港联合交易所主板正式挂牌上市，股票代码3636.HK，成为云南省今年首家上市企业。至此，高新区 境内外上市企业已达10家。 金浔资源于2010年在高新区注册成立，始终锚定国家发展战略方向，深度融入"一带一路"建设与"双循 环"新发展格局，深耕有色金属产业链。公司主营业务覆盖优质阴极铜生产销售及有色金属新能源材料 制造，在中国阴极铜生产商中排名第五，且是刚果（金）及赞比亚全球铜资源富集区中唯一跻身前五的 中国企业，展现出独特的区域竞争优势。其旗下拥有7家全资子公司，业务版图延伸至赞比亚、刚果 （金）、秘鲁、新加坡等多个国家和地区，成为中国民营企业"走出去"的标杆。 高新区紧抓资本市场改革机遇，通过"引导基金投资+产业链培育+园区服务"多措并举，已逐步形成有 色金属新材料等特色产业集聚发展的良好态势。高新区通过"资本链"与"产业链"深度融合的双轮驱动模 式，有效促进了如金浔资源这样的优质企业加速成长，也带动了整个产业生态完善与能级提升。 金浔资源此次全球发售股份共计3677万股，发行价为每股30港元，募集资金总额约 ...

Group 1: IPO Activities - The first trading week of 2026 saw significant IPO activities in both domestic and international capital markets, marking an active start to the year [2] - The Beijing Stock Exchange approved its first IPO of the year, with Zhoushan Chenguang Electric Motor Co., Ltd. successfully passing the review [2] - Hong Kong's stock market experienced a surge of hard-tech company listings, with companies like Zhipu, Tensu Zhixin, and Jingfeng Medical showing strong performance despite market adjustments [2][5] Group 2: Company Highlights - Zhoushan Chenguang Electric Motor Co., Ltd. plans to raise 399 million yuan, down from an initially proposed 520 million yuan, with funds allocated for high-speed motors and R&D center construction [3] - Guangdong Banzai Chuangke Electric Co., Ltd. aims to raise approximately 400 million yuan, showing significant revenue growth from 10.71 billion yuan in 2022 to an expected 15.1 billion yuan in 2025 [4] - Zhipu, listed on the Hong Kong Stock Exchange, had an opening price of 116.2 HKD, closing at 131.5 HKD, with a total market value of 57.89 billion HKD and a fundraising total of about 4.348 billion HKD [5] - Tensu Zhixin, another new listing, opened at 190.2 HKD, closing at 156.8 HKD, with a total market value of 39.877 billion HKD and raising approximately 3.677 billion HKD [5] - Jingfeng Medical-B, a leader in surgical robotics, saw its stock rise to 56.6 HKD from an initial price of 43.24 HKD, achieving a market value of 21.945 billion HKD and raising about 1.199 billion HKD [6] Group 3: Upcoming IPOs and Filings - Stand Robot and Wanbang Digital Energy have submitted their IPO applications, with Stand Robot being a leader in industrial mobile robot solutions and Wanbang being the largest smart charging equipment supplier globally [8] - Other companies like Tianxiaxiu and Zhong'an Xinke are also in the process of filing for IPOs, focusing on digital marketing and customized AI solutions respectively [9][10] - Chipmaker Xinmai Semiconductor updated its prospectus for a second time, focusing on power management ICs and reporting a revenue increase of 24.3% for the first three quarters of 2025 [10]

Core Viewpoint - Jinxun Resources was listed on the Hong Kong Stock Exchange on January 9, 2023, and experienced a strong market debut with a significant price increase and trading volume [1][2]. Company Overview - Jinxun Resources, established in 2010, is a leading manufacturer of high-quality cathode copper, with a strong presence in the Democratic Republic of Congo and Zambia [2]. - The company's core business focuses on the development and supply of high-quality copper resources to meet China's substantial copper demand [2]. Market Performance - At 10:38 AM on the listing day, Jinxun Resources' stock price reached HKD 37.44 per share, marking an increase of 24.8% from its opening price [1]. - The trading volume for Jinxun Resources reached HKD 285 million shortly after the market opened [1].

招股书显示，金浔资源是是优质阴极铜的领先制造商，在刚果（金）及赞比亚拥有强大的影响力。根据 弗若斯特沙利文的资料，截至2024年12月31日，按在刚果（金）及赞比亚的产量计，公司在中国阴极铜 生产商中排名第五，并为两个司法管辖区中唯一排名前五大的中国公司。 责任编辑：卢昱君 责任编辑：卢昱君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 金浔资源（03636）首挂上市，公告显示，每股定价30港元，共发行3676.56万股股份，每手200股，所 得款项净额约10.43亿港元。截至发稿，股价上涨22.20%，现报36.66港元，成交额2.72亿港元。 客户端 金浔资源（03636）首挂上市，公告显示，每股定价30港元，共发行3676.56万股股份，每手200股，所 得款项净额约10.43亿港元。截至发稿，股价上涨22.20%，现报36.66港元，成交额2.72亿港元。 招股书显示，金浔资源是是优质阴极铜的领先制造商，在刚果（金）及赞比亚拥有强大的影响力。根据 弗若斯特沙利文的资料，截至2024年12月31日，按在刚果（金）及赞比亚的产量 ...

智通财经APP获悉，金浔资源(03636)首挂上市，公告显示，每股定价30港元，共发行3676.56万股股 份，每手200股，所得款项净额约10.43亿港元。截至发稿，涨26.67%，报38港元，成交额1.43亿港元。 金浔资源的核心业务专注于开发及供应优质铜资源，以满足中国庞大的铜需求。公司利用非洲丰富的铜 储量，战略性地扩大产能，并实现了整个产业价值链的深度整合。公司在刚果(金)及赞比亚建立了先进 的阴极铜冶炼业务，大幅提升公司的经济效益及市场地位。此外，利用非洲矿石储量中铜和钴天然伴生 的优势，公司正积极发展下游钴相关产品生产业务，使自身在快速增长的新能源材料领域进行了战略性 布局。 招股书显示，金浔资源是是优质阴极铜的领先制造商，在刚果(金)及赞比亚拥有强大的影响力。根据弗 若斯特沙利文的资料，截至2024年12月31日，按在刚果(金)及赞比亚的产量计，公司在中国阴极铜生产 商中排名第五，并为两个司法管辖区中唯一排名前五大的中国公司。 ...

金浔资源的核心业务专注于开发及供应优质铜资源，以满足中国庞大的铜需求。公司利用非洲丰富的铜 储量，战略性地扩大产能，并实现了整个产业价值链的深度整合。公司在刚果(金)及赞比亚建立了先进 的阴极铜冶炼业务，大幅提升公司的经济效益及市场地位。此外，利用非洲矿石储量中铜和钴天然伴生 的优势，公司正积极发展下游钴相关产品生产业务，使自身在快速增长的新能源材料领域进行了战略性 布局。 招股书显示，金浔资源是是优质阴极铜的领先制造商，在刚果(金)及赞比亚拥有强大的影响力。根据弗 若斯特沙利文的资料，截至2024年12月31日，按在刚果(金)及赞比亚的产量计，公司在中国阴极铜生产 商中排名第五，并为两个司法管辖区中唯一排名前五大的中国公司。 金浔资源(03636)首挂上市，公告显示，每股定价30港元，共发行3676.56万股股份，每手200股，所得款 项净额约10.43亿港元。截至发稿，涨26.67%，报38港元，成交额1.43亿港元。 ...