消息面上，中国罕王今年7月宣布，计划通过介绍上市方式将子公司"罕王黄金"分拆至香港联交所主板 独立上市。罕王黄金有限公司于9月30日公告之首次公开发售前集资已完成。认购协议所载的先决条件 已获达成，认购事项已于10月13日完成。罕王黄金通过认购事项收到所得款项总额约为11.4亿港元。 公告披露，从首次公开发售前集资筹集的资金将用于开发罕王黄金于澳大利亚的金矿项目。罕王黄金于 建议分拆完成前继续作为公司的非全资附属公司，而公司将通过建议分拆将其持有的罕王黄金股份于有 待公布的记录日期分派予各股东(包括紫金矿业集团)，从而构建公司与罕王黄金的平行上市架构。 智通财经APP获悉，中国罕王(03788)早盘涨超6%，截至发稿，涨5.52%，报3.82港元，成交额970.86万 港元。 ...

Core Viewpoint - China Hanking (03788) has seen a significant increase in its stock price, rising over 6% in early trading, attributed to the announcement of its subsidiary Hanking Gold's planned independent listing on the Hong Kong Stock Exchange [1] Group 1: Company Developments - China Hanking announced in July its plan to spin off its subsidiary Hanking Gold for an independent listing on the main board of the Hong Kong Stock Exchange [1] - Hanking Gold completed its fundraising before the initial public offering (IPO) announcement on September 30, raising approximately HKD 1.14 billion [1] - The funds raised from the IPO will be utilized for the development of Hanking Gold's gold mining projects in Australia [1] Group 2: Shareholder Impact - Following the proposed spin-off, Hanking Gold will continue to operate as a non-wholly owned subsidiary until the completion of the spin-off [1] - The company plans to distribute its shares in Hanking Gold to shareholders, including Zijin Mining Group (601899), on a record date to be announced [1]

Investment Rating - The report does not explicitly state the investment rating for China Hanking Holdings (3788.HK) Core Insights - China Hanking Holdings has completed pre-IPO funding, raising approximately HKD 1.14 billion through the issuance of 436,550,000 shares at HKD 2.62 per share, which represents about 17.3% of the expanded issued share capital [2] - The company has acquired a total of 6.63% equity in Cygnet Gold for AUD 16.6 million, resulting in a 100% ownership of Cygnet Gold, which operates a gold mine project with approximately 2.06 million ounces of gold resources [1] - The financial performance of Cygnet Gold will continue to be consolidated into the financial statements of China Hanking Holdings [1] Financial Data and Forecasts - Revenue projections for China Hanking Holdings are as follows: - 2025: HKD 2,554 million (up 3% YoY) - 2026: HKD 2,568 million (up 1% YoY) - 2027: HKD 2,582 million (up 1% YoY) [6] - Net profit forecasts are as follows: - 2025: HKD 154 million (down 15% YoY) - 2026: HKD 191 million (up 23% YoY) - 2027: HKD 194 million (up 2% YoY) [6] - Earnings per share (EPS) estimates are: - 2025: HKD 0.08 - 2026: HKD 0.09 - 2027: HKD 0.10 [6] Strategic Recommendations - The report anticipates a net profit of HKD 1.54 billion, HKD 1.91 billion, and HKD 1.94 billion for the years 2025, 2026, and 2027 respectively [3]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國罕王控股有限公司 呈交日期: 2025年12月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03788 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.1 HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.1 HKD | | 1,000,000,000 | 本月底法定/註冊股本總額： HK ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國罕王控股有限公司 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03788 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.1 HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.1 HKD | | 1,000,000,000 | 本月底法定/註冊股本總額： HK ...

Core Viewpoint - The approval from the Western Australia government for the Golden Pig underground drainage project is a significant milestone for the company, enabling low-cost discharge of underground mine water and facilitating the development of high-grade gold mines [1][2]. Group 1: Project Approval - The Western Australia government's Water Resources and Environmental Regulation Authority has granted approval for the underground drainage and discharge into the Koorkoordine Lake tributary under the Environmental Protection Act 1986 [1]. - This approval allows for the low-cost discharge of underground mine water before commencing underground mining operations at the Golden Pig site [1]. Group 2: Project Details - The Cygnet gold project, located approximately 360 kilometers east of Perth, includes high-grade underground gold mines Golden Pig and Copperhead, as well as the Corinthia open-pit mine, with a total JORC-compliant resource of 2.06 million ounces and an average gold grade of 2.55 grams per tonne [1]. - The company plans to produce over 90,000 ounces of gold annually from the two high-grade underground mines and one open-pit mine at the Corinthia processing plant [1]. Group 3: Management Commentary - The company's Executive Director and CEO, Dr. Qiu Yumin, emphasized that the approval is a result of collaboration with government authorities and local communities, providing an opportunity for early planning to accelerate the development of the high-grade gold mine [2].

Core Viewpoint - China Rare Earth Holdings Limited (03788.HK) has received approval from the Western Australia government for the Golden Pig gold mine's underground drainage and discharge into the Koorkoordine Lake tributary, enabling low-cost discharge of underground mine water prior to mining operations [1][2] Group 1: Project Details - The Golden Pig gold mine is part of the Cygnet gold project located approximately 360 kilometers east of Perth, Western Australia, which includes high-grade underground mines Golden Pig and Copperhead, as well as the Corinthia open-pit mine [1] - The total JORC-compliant resource for the project is 2.06 million ounces, with an average gold grade of 2.55 grams per ton [1] - The company plans to produce over 90,000 ounces of gold annually from the two high-grade underground mines and one open-pit mine at the Corinthia processing plant [1] Group 2: Approval Significance - The approval is seen as a result of collaboration between the company, government authorities, and local communities, allowing for the low-cost discharge of underground water [2] - This approval provides an opportunity for the company to plan ahead and accelerate the development of the high-grade gold mine, creating value for all stakeholders involved [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或因依賴該等內容而 引致的任何損失承擔任何責任。 CHINA HANKING HOLDINGS LIMITED （於開曼群島註冊成立的有限公司） （股份代號：03788） 內幕消息 GOLDEN PIG金礦收到排水工程審批 本公告乃由中國罕王控股有限公司（「本公司」）根據香港聯合交易所有限公司證券上市 規則第13.09(2)條及香港法例第571章《證券及期貨條例》第XIVA部項下內幕消息條文 而發佈。 本公司欣然宣佈，西澳大利亞政府水資源與環境監管局經與相關主管部門及當地社區 充分協商後，已根據西澳大利亞政府《1986年環境保護法》（環境保護法）第102(1)(c)條 授予Golden Pig金礦地下排水及排入Koorkoordine湖支流的相關工程審批。Golden Pig 金礦的地下水將按審批要求排入鄰近湖泊。該項審批使得在Golden Pig進行地下採礦 作業前能夠以低成本排放地下礦井水。 Cygnet金礦項目位於西澳大利亞珀斯以東約360公里處 ...

Core Viewpoint - China Rare Earth Holdings (03788.HK) saw a significant increase in stock price, rising over 5% to reach 4.2 HKD per share, with a trading volume of 10.9881 million HKD [1] Group 1 - The stock price of China Rare Earth Holdings increased by 5% [1] - The current trading price is 4.2 HKD per share [1] - The total trading volume reached 10.9881 million HKD [1]

Core Viewpoint - China Hong Kong (03788) shares rose over 5% following the announcement of its subsidiary Watkins Gold acquiring a 6.63% stake in Cygnet Gold, which operates a gold mine project with approximately 2.06 million ounces of gold resources for a total consideration of AUD 16.6 million [1] Group 1: Acquisition Details - Watkins Gold is acquiring a total of 6.63% equity in Cygnet Gold, which has a gold mine project with around 2.06 million ounces of gold resources [1] - The total consideration for the acquisition is AUD 16.6 million [1] - Upon completion, Cygnet Gold will become a wholly-owned subsidiary of Hong Kong [1] Group 2: Share Subscription - Executive Director Dr. Qiu Yumin and minority shareholders of Cygnet Gold plan to subscribe for 8.7 million and 12.2 million new shares of Hong Kong Gold, respectively, at a price of HKD 2.62 per share [1] - Following the subscription, the company's ownership in Hong Kong Gold will be diluted from 91.19% to 90.44% [1] Group 3: Fundraising and Future Plans - Hong Kong previously announced a pre-IPO fundraising for its non-wholly owned subsidiary Hong Kong Gold, issuing a total of 436 million shares at HKD 2.62 per share to six subscribers, including the company itself [1] - The total amount raised from this subscription is HKD 1.14 billion, intended to support the development of the Australian gold mining project and repay an internal loan of approximately AUD 86 million [1] - In July, Hong Kong announced plans to spin off its subsidiary "Hong Kong Gold" for an independent listing on the main board of the Hong Kong Stock Exchange [1]