智汇矿业(02546)12月11日至12月16日招股 拟全球发售1.22亿股H股 引入斯派柯等基石投资者

Core Viewpoint - The company, Zhihui Mining, is set to launch an initial public offering (IPO) of 122 million H-shares, with a price range of HKD 4.1 to HKD 4.51 per share, aiming to raise approximately HKD 471 million for business enhancements and operational capabilities [1][3]. Group 1: IPO Details - The IPO will take place from December 11 to December 16, 2025, with shares expected to start trading on December 19, 2025 [1]. - The offering consists of approximately 10% for public sale in Hong Kong and 90% for international investors [1]. - The company has secured cornerstone investment agreements, with investors committing to purchase shares at the maximum price of HKD 4.51, totaling around HKD 224 million [2]. Group 2: Use of Proceeds - The net proceeds from the IPO are estimated to be around HKD 471 million, which will be allocated as follows: - Approximately 29.2% for enhancing mining capabilities - Approximately 23.4% for increasing exploration investments within Tibet mining rights - Approximately 18.7% for improving ore processing and optimizing concentrate production - Approximately 14.0% for investing in and acquiring growth potential assets - Approximately 7.7% for working capital and general corporate purposes before 2030 - Approximately 7.0% for repaying bank loans before 2026 [3]. Group 3: Financial Performance - The company's total revenue for the years ending December 31 for 2022, 2023, and 2024, as well as for the seven months ending July 31, 2025, were approximately RMB 482 million, RMB 546 million, RMB 301 million, and RMB 257 million, respectively [4]. - Gross profit figures for the same periods were approximately RMB 175 million, RMB 218 million, RMB 105 million, and RMB 85.7 million, with corresponding gross profit margins of about 36.2%, 39.9%, 34.7%, and 33.4% [4]. - Net profit for the respective periods was approximately RMB 118 million, RMB 155 million, RMB 55.9 million, and RMB 51.7 million, with net profit margins of approximately 24.4%, 28.3%, 18.5%, and 20.2% [4].