SWHY(SZ:000166) 申万宏源证券上海北京西路营业部·2025-12-04 02:11Core Viewpoint - Liaoning Chuangshi Molybdenum Industry (Group) Co., Ltd. has successfully listed on the National Equities Exchange and Quotations (NEEQ), with Shenwan Hongyuan as the lead underwriter, indicating a significant milestone for the company and its growth strategy [1]. Company Overview - Established in 2006, Chuangshi Molybdenum specializes in the research, production, processing, and sales of molybdenum series products, including molybdenum iron alloy, molybdenum oxide, ammonium molybdate, high-purity molybdenum trioxide, molybdenum powder, and molybdenum metal [1]. - The company has developed into a large enterprise engaged in the entire line of research, production, and sales of molybdenum products, from rough processing to deep processing, after over a decade of technological accumulation [1]. Market Position - Chuangshi Molybdenum is positioned as a leading enterprise in the domestic molybdenum iron alloy industry, with its main product, molybdenum iron alloy, ranking among the top in domestic sales market share in 2024 [1]. Future Strategy - The company plans to extend its industrial chain by engaging in mineral mining through its subsidiary, Mongolian Molybdenum Metal Company, to ensure stable raw material supply, reduce procurement costs, enhance overall operational efficiency, and improve risk resistance [1]. - Shenwan Hongyuan's support aligns with the national innovation-driven development strategy, providing a solid foundation for Chuangshi Molybdenum's future industrial chain upgrades and the layout of rhenium series products [1].