Core Viewpoint - Zhihui Mining (02546) has successfully completed its IPO with significant oversubscription, indicating strong market interest and confidence in the company's growth potential in the mining sector, particularly in Tibet's zinc, lead, and copper production [1][2]. Group 1: IPO Details - The IPO took place from December 11 to December 16, with a total of HKD 221.1 billion in margin financing secured, leading to an oversubscription rate of 4019 times against the public offering amount of HKD 55 million [1]. - Zhihui Mining plans to issue 120 million H-shares, with 10% allocated for public offering, and the share price is set between HKD 4.1 and HKD 4.51, requiring an entry fee of HKD 4555.5 for a minimum purchase of 1000 shares [1]. - The company is expected to be listed on December 19, with Guotai Junan Securities and Mai Shi Capital serving as joint sponsors [1]. Group 2: Business Overview - Established in 2013, Zhihui Mining focuses on exploration, mining, and production of zinc, lead, and copper concentrates in Tibet, ranking fifth in zinc and copper production and fourth in lead production as of 2024 [1][2]. - The company holds a comprehensive operational chain that includes exploration, mining, concentrate production, and sales, primarily targeting Chinese customers, including non-ferrous metal traders and refineries [2]. Group 3: Financial Performance - For the fiscal years 2022, 2023, 2024, and the first seven months of 2025, Zhihui Mining reported revenues of RMB 482 million, RMB 546 million, RMB 301 million, and RMB 257 million, respectively, with corresponding net profits of RMB 118 million, RMB 155 million, RMB 55.85 million, and RMB 51.73 million [2]. Group 4: Use of Proceeds - Approximately 29.2% of the net proceeds from the global offering will be allocated to enhance mining capacity, 23.4% for exploration investments within Tibet, and 18.7% for improving and optimizing concentrate production capabilities [3]. - Additionally, 14.0% will be used for investments and acquisitions of growth potential assets, 7.7% for working capital and general corporate purposes before 2030, and 7.0% for repaying bank loans before 2026 [3].
智汇矿业招股结束 孖展认购额达2211亿港元 超购4019倍