Core Viewpoint - Shenglong Mining Group Co., Ltd. has submitted its prospectus for an initial public offering (IPO) on the Shenzhen Stock Exchange, aiming to raise funds for various projects and enhance its operational capabilities [1][6]. Company Overview - Shenglong Mining was established in December 2020, originally as Luoyang Shenglong Industrial Co., Ltd., and is located in Luoyang, Henan Province [3]. - The company has a registered capital of approximately 1.62 billion yuan, with major shareholders including Guosheng Group and Luoyang Nonferrous Metals Group [5]. - Shenglong Mining is a key player in the molybdenum industry, focusing on the production, processing, and sales of molybdenum-related products, primarily molybdenum concentrate and ferromolybdenum [2][8]. Financial Performance - The company's revenue for 2022, 2023, and 2024 was approximately 1.91 billion yuan, 1.96 billion yuan, and 2.86 billion yuan, respectively, with net profits of about 452 million yuan, 725 million yuan, and 754 million yuan [8]. - As of December 31, 2024, the total assets amounted to approximately 6.89 billion yuan, with a debt-to-asset ratio of 9.34% [9]. Fundraising and Project Plans - Shenglong Mining plans to raise 1.53 billion yuan through the IPO, which will be allocated to the An'gou Molybdenum Polymetallic Mining Project, a mining technology research and development center, and to supplement working capital and repay bank loans [6][8]. - The company has established stable partnerships with leading enterprises in the molybdenum and steel industries, positioning itself as a critical supplier in China's molybdenum supply chain [8]. Production Capacity and Resources - As of the end of 2024, Shenglong Mining holds a molybdenum metal reserve of 710,500 tons, with its operational and under-construction mines located in resource-rich areas [8]. - The company’s production capacity is set to increase to 55,000 tons per day, with ongoing capacity enhancement and technological transformation projects [8].