Investment Rating - The report does not explicitly provide an investment rating for the industry or specific stocks Core Insights - Recent performance of new stock listings shows a decline in first-day gains, with the average first-day increase for Sci-Tech Innovation Board stocks at 242.26% and for Growth Enterprise Market stocks at 218.33% as of March 27, 2026 [2][23] - The estimated return rates for new stock subscriptions are as follows: 0.41% for A-class accounts with a 200 million scale, 0.34% for B-class accounts with the same scale, 0.27% for A-class accounts with a 1 billion scale, and 0.23% for B-class accounts with the same scale [10][19] - The number of effective quotation accounts for recent new stocks indicates strong interest, with 5,251 for the latest Sci-Tech Innovation Board stock and 5,407 for the latest Growth Enterprise Market stock [28] Summary by Sections 1. Tracking Recent Offline Subscription Returns - The report tracks the performance of offline subscriptions across the Sci-Tech Innovation Board, Growth Enterprise Market, and Main Board, with specific return rates provided for different account sizes [10][19] 2. Recent New Stock Subscription Results - The report details the subscription results for several new stocks, including their issuance prices, expected fundraising amounts, and subscription rates, highlighting significant oversubscription for some stocks [29][30][31] 3. Recent New Stock Calendar - A calendar of recent and upcoming IPOs is provided, detailing the status of various stocks in the subscription process and their expected fundraising amounts [34][36][41] 4. Recent Subscription Market Performance - The report analyzes the performance of new stocks over the past two months, noting that most stocks had first-day price changes between 50% and 600%, with the highest increases recorded for specific stocks [42] 5. Theoretical Subscription Return Calculations - The report includes calculations for potential returns based on different account sizes and subscription strategies, providing insights into expected earnings from new stock subscriptions [49][50]

Core Viewpoint - Molybdenum (Mo) is a scarce strategic mineral essential for various industries, including steelmaking, aerospace, and new energy, with its market demand steadily increasing as China's manufacturing sector transitions towards high-end, intelligent, and green development [1]. Group 1: Company Overview - Shenglong Mining Group Co., Ltd. (stock code: 001257) has become a cornerstone enterprise for the stable operation of China's molybdenum industry chain, leveraging its unique resource reserves and production capacity [1]. - The company is primarily engaged in the production of molybdenum concentrate and molybdenum iron, with significant backing from the local government [2]. Group 2: Resource Advantages - As of the end of 2024, Shenglong holds five large and medium-sized molybdenum mining rights, with the Nanni Lake molybdenum mine being the largest single molybdenum mine in China, boasting a production capacity of 16.5 million tons per year [4]. - The company has a molybdenum metal reserve of 710,500 tons, accounting for approximately 9.1% of the national total, with significant potential for future resource integration and development [5]. Group 3: Cost Structure and Technology - The Nanni Lake and Songxian Angou molybdenum mines are open-pit mines, which provide advantages such as lower mining costs and higher safety conditions compared to underground mines [6]. - Shenglong is enhancing its competitiveness through technological innovation, implementing a smart mining system based on "5G + big data" to optimize mining processes and reduce operational costs [6][7]. Group 4: Market Dynamics - The demand for molybdenum is expected to grow due to its critical role in high-performance steel production and the expansion of applications in emerging industries such as wind energy and electric vehicles [10]. - The global supply of molybdenum is constrained, with Shenglong projected to produce 10,600 tons in 2024, representing 9.64% of China's total output, thus playing a crucial role in the supply chain [11]. Group 5: Sales Strategy and Financial Performance - Shenglong employs a flexible sales strategy that includes online bidding and long-term agreements with major state-owned enterprises, ensuring a stable customer base and revenue growth [14]. - The company has shown consistent revenue growth from 1.911 billion yuan in 2022 to an expected 3.503 billion yuan in 2025, with net profits also increasing significantly during the same period [15]. Group 6: Future Development Plans - The company plans to raise 1.6813 billion yuan through its IPO to fund projects aimed at expanding production capacity and enhancing technological capabilities [16]. - Shenglong is also focusing on resource integration and storage expansion, with plans to develop a high-performance molybdenum materials project to transition from primary products to high-end materials [18]. Conclusion - As a leading player in the domestic molybdenum industry, Shenglong is well-positioned to leverage its resource advantages, technological innovations, and favorable market conditions to achieve significant growth and contribute to the stability of China's molybdenum supply chain [19].

Macro News - The Chinese Ministry of Foreign Affairs emphasized that dialogue with Japan regarding Taiwan should respect mutual interests and adhere to existing agreements [4] - The State Administration for Market Regulation announced measures to combat "involution" in key industries such as platform economy, photovoltaic, lithium batteries, and new energy vehicles [4] - U.S. President Trump threatened to destroy Iran's energy infrastructure if a deal is not reached soon, specifically targeting power plants, oil wells, and desalination facilities [4][5] - Iran's parliament approved a bill to charge fees for ships passing through the Strait of Hormuz, which will be implemented in Iranian rials and will prohibit U.S. and Israeli vessels from passing [4] Industry News - The World Data Organization was established in Beijing, aiming to bridge the data gap and enhance the digital economy [8] - The demand for various types of aviation engines in China is expected to exceed 11,600 units over the next 20 years, with a market value of over 85.17 billion yuan [8] - Samsung Electronics has completed the first phase of process upgrades at its Xi'an factory, transitioning from traditional 128-layer NAND flash to mass production of 236-layer products [9] - Morgan Stanley analysts reported that the oil market is depleting its buffer stocks, with significant production and refining capacities currently offline [9] - The aluminum price on the London Metal Exchange (LME) rose significantly due to attacks on major aluminum plants in the UAE and Bahrain [23] Company News - Guizhou Moutai announced an increase in the sales contract price of its 53-degree Flying Moutai from 1,169 yuan to 1,269 yuan per bottle [11][12] - China Merchants Energy announced a total contract value of approximately 8.566 billion yuan for the construction of 10 VLCC oil tankers [13] - Midea Group plans to repurchase A-shares worth between 6.5 billion and 13 billion yuan [14] - Agricultural Bank of China reported a net profit of 292 billion yuan for 2025, a year-on-year increase of 3.3% [19] - China Bank reported a net profit of 243.021 billion yuan for 2025, a year-on-year increase of 2.18% [20]

证券代码：001257 证券简称：盛龙股份 公告编号：2026-001 洛阳盛龙矿业集团股份有限公司 上市首日风险提示公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 经深圳证券交易所《关于洛阳盛龙矿业集团股份有限公司人民币普通股股 票上市的通知》（深证上〔2026〕387号）同意，洛阳盛龙矿业集团股份有限公 司（以下简称"发行人"、"公司"或"本公司"）首次公开发行的人民币普通股股票 在深圳证券交易所上市，证券简称为"盛龙股份"，证券代码为"001257"。公司本 次公开发行的215,000,000股人民币普通股股票全部为新股发行，不涉及股东公 开发售股份的情形。本公司首次公开发行股票中的136,947,988股人民币普通股 股票自2026年3月31日起可在深圳证券交易所上市交易，其余股票的可上市交易 时间按照有关法律法规规章、深圳证券交易所业务规则及公司相关股东的承诺 执行。 公司郑重提请投资者注意：投资者应充分了解股票市场风险及本公司披露 的风险因素，切实提高风险意识，在新股上市初期切忌盲目跟风"炒新"，应当 审慎决策、理性投资。现将有关事项提示如下 ...

股票简称：盛龙股份 股票代码：001257 洛阳盛龙矿业集团股份有限公司 （注册地址：中国（河南）自由贸易试验区洛阳片区高新技术开发区木棉路 19 号 1 幢 504 室） 首次公开发行股票并在主板上市 之 上市公告书 保荐人（主承销商） （深圳市福田区福田街道福华一路 119 号安信金融大厦） 二〇二六年三月三十日 洛阳盛龙矿业集团股份有限公司 上市公告书 特别提示 洛阳盛龙矿业集团股份有限公司（以下简称"盛龙股份"、"发行人"、"公司" 或"本公司" ）股票将于 2026 年 3 月 31 日在深圳证券交易所主板上市。 本公司提醒投资者应充分了解股票市场风险及本公司披露的风险因素，在新 股上市初期切忌盲目跟风"炒新" ，应当审慎决策、理性投资。 如无特别说明，本上市公告书中的简称或名词释义与本公司首次公开发行股 票招股说明书中的相同。 如本上市公告书中合计数与各加数直接相加之和在尾数上存在差异，系由于 四舍五入所致。 2 洛阳盛龙矿业集团股份有限公司 上市公告书 一、重要声明与提示 本公司及全体董事、高级管理人员保证上市公告书所披露信息的真实、准确、 完整，承诺上市公告书不存在虚假记载、误导性陈述或重大遗 ...

洛阳盛龙矿业集团股份有限公司 首次公开发行股票并在主板上市之 上市公告书提示性公告 保荐人（主承销商）：国投证券股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整、及时， 没有虚假记载、误导性陈述或重大遗漏。 经深圳证券交易所审核同意，洛阳盛龙矿业集团股份有限公司（以下简称"本 公司"、"发行人"、"盛龙股份"）发行的人民币普通股股票将于2026年3月 31日在深圳证券交易所主板上市，上市公告书全文和首次公开发行股票并在主板 上市的招股说明书全文披露于中国证券监督管理委员会指定网站（巨潮资讯网， 网址www.cninfo.com.cn；中证网，网址www.cs.com.cn；中国证券网，网址 www.cnstock.com；证 券时报网 ，网址 www.stcn.com；证券日 报网，网 址 www.zqrb.cn），供投资者查阅。 所属网页二维码：巨潮资讯网 一、上市概况 1、股票简称：盛龙股份 2、股票代码：001257 3、首次公开发行后总股本：1,835,950,817股 4、首次公开发行股票数量：215,000,000股，本次发行全部为首次公开发行 股票（以下简称"新股"）发行， ...

国投证券股份有限公司 首次公开发行股票并在主板上市 关于 洛阳盛龙矿业集团股份有限公司 之 上市保荐书 保荐机构（主承销商） （广东省深圳市福田区福田街道福华一路 119 号安信金融大厦） 二〇二六年三月 洛阳盛龙矿业集团股份有限公司 上市保荐书 深圳证券交易所： 国投证券股份有限公司（以下简称"国投证券"、"保荐机构"、"本保荐 机构"）接受洛阳盛龙矿业集团股份有限公司（以下简称"盛龙股份"、"发行 人"、"公司"）的委托，就发行人首次公开发行股票并在主板上市事项（以下 简称"本次发行"）出具本上市保荐书。 国投证券及其保荐代表人已根据《中华人民共和国公司法》（以下简称"《公 司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《证券 发行上市保荐业务管理办法》《首次公开发行股票注册管理办法》（以下简称"《注 册管理办法》"）《深圳证券交易所股票上市规则》（以下简称"《股票上市规 则》"）等法律法规和中国证券监督管理委员会（以下简称"中国证监会"）及 深圳证券交易所的有关规定，诚实守信、勤勉尽责，严格按照依法制定的业务规 则和行业自律规范出具上市保荐书，并保证所出具的文件真实、准确、完整。 （本 ...

国浩律师（上海）事务所 关 于 洛阳盛龙矿业集团股份有限公司 首次公开发行股票并在主板上市 之 法律意见书 上海市静安区山西北路 99 号苏河湾中心 MT 25-28 层 邮编：200085 25-28/F, Suhe Centre, 99 North Shanxi Road, Jing'an District, Shanghai, China 电话/Tel: +86 21 5234 1668 传真/Fax: +86 21 5234 1670 网址/Website: http://www.grandall.com.cn 2026 年 3 月 国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 关于洛阳盛龙矿业集团股份有限公司 首次公开发行股票并在主板上市之 1 国浩律师（上海）事务所 法律意见书 的事实真实、准确、完整，所发表的结论性意见合法、准确，不存在虚假记载、 误导性陈述或者重大遗漏，并承担相应法律责任。 法律意见书 致：洛阳盛龙矿业集团股份有限公司 国浩律师（上海）事务所（以下简称"本所"）依据与洛阳盛龙矿业集团股 份有限公司（以下简称"发行人"或"盛龙股份"或"公司"）签署的《专项法 律服务 ...