盛龙股份深主板IPO即将上会 依托“中国钼都”打造行业标杆

Core Viewpoint - The company, Luoyang Shenglong Mining Group Co., Ltd., is set to undergo its initial public offering (IPO) review on December 23, with a focus on its strong capabilities in molybdenum resource production, processing, and sales [1] Industry Overview - Molybdenum is a critical non-renewable strategic resource with applications in traditional industries like steel and emerging sectors such as defense and aerospace, experiencing a favorable growth opportunity due to China's manufacturing upgrade [2] - From 2020 to 2024, China's molybdenum production is projected to grow at a compound annual growth rate (CAGR) of 10.89%, reaching 133,700 tons by 2024, accounting for 46.08% of global production [2] - China's molybdenum consumption is also expected to rise, with a CAGR of 6.78%, reaching 138,300 tons by 2024, representing 47.04% of global consumption [2] - The Chinese government has recognized molybdenum as a strategic mineral, supporting its mining and selection industry [2] Company Positioning - Shenglong Mining is a leading player in the molybdenum industry, with significant mining rights and resources, including five large and medium-sized molybdenum mines, positioning it among the top tier in China's molybdenum sector [4][3] - The company operates the largest single molybdenum mine in terms of production scale in China, with a mining capacity of 16.5 million tons per year, characterized by large reserves and high safety standards [4] Technological Innovation - The company emphasizes technological innovation, holding 12 certified invention patents and 39 utility model patents, contributing to its competitive edge in the industry [5] Financial Performance - The company has established strong relationships with major clients in the steel industry, leading to a steady increase in revenue and profitability, with projected revenues of 1.91 billion yuan in 2022 and 2.86 billion yuan in the first half of 2025 [6] - Net profits after deducting non-recurring losses are expected to rise from 345 million yuan in 2022 to approximately 597 million yuan in the first half of 2025 [6] Strategic Development - The company aims to become a leading international multi-metal mining company, focusing on resource prioritization, innovation, and cost leadership, while adhering to the principles of sustainable development [7]