Core Viewpoint - The inclusion of the journal "China Molybdenum" in the Chemical Abstracts Service (CAS) database marks a significant milestone for the journal, enhancing its international visibility and expanding the dissemination of its academic achievements [2][3]. Group 1: Journal Recognition - "China Molybdenum" has been officially included in the CAS database, indicating a solid step towards international recognition in the field of chemistry [2]. - CAS is recognized as the world's most authoritative chemical information organization, established in 1907, and is dedicated to collecting and organizing disclosed chemical substance information [2]. Group 2: Contribution and Quality Control - The successful inclusion of "China Molybdenum" is a result of collaborative efforts from various stakeholders, including editorial committee experts, reviewers, and authors dedicated to high-quality research in the molybdenum and related non-ferrous metals fields [3]. - The editorial committee maintains strict academic quality control, ensuring the reliability of the journal's published research [3]. Group 3: Future Directions - The journal aims to continue focusing on the molybdenum and related non-ferrous metals sectors, keeping pace with industry trends and enhancing its academic standards [3]. - "China Molybdenum" is committed to contributing to the high-quality development of the molybdenum industry and striving towards higher international academic goals [3].

Core Viewpoint - Luoyang Molybdenum Group Co., Ltd. plans to cancel repurchased shares and reduce registered capital, following the approval of relevant board meetings [1][2]. Group 1: Share Cancellation and Capital Reduction - The company will cancel 104,930,443 shares from its repurchase account, reducing total share capital from 21,499,240,619 shares to 21,394,310,176 shares [1]. - Registered capital will decrease from 4,299,848,123.8 yuan to 4,278,862,035.2 yuan as a result of the share cancellation [1]. Group 2: Notification to Creditors - The company notifies creditors that they have 30 days from receiving the notice, or 45 days from the announcement date if no notice is received, to claim debts or request guarantees [2]. - Creditors must provide valid debt documents and related evidence to the company to exercise their rights [2].

Group 1 - The legal opinion letter is issued by Shanghai Tongli Law Firm regarding the amendment proposal of the Articles of Association of Luoyang Luanchuan Molybdenum Industry Group Co., Ltd. [2][4] - The proposal involves changes to the company's registered capital and the Articles of Association, which have been approved by the company's board and various shareholder meetings [3][4] - The registered capital is revised from RMB 4,299,848,123.8 to RMB 4,278,862,035.2, and the total number of shares is adjusted from 21,499,240,619 to 21,394,310,176 [3][4] Group 2 - The proportion of A-shares is reduced from 81.70% to 81.61%, while the proportion of H-shares increases from 18.30% to 18.39% [3] - The legal opinion confirms that the amendment proposal complies with the relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China [4]

Core Viewpoint - The legal opinion letter confirms that the procedures for the shareholder meetings of Luoyang Luanchuan Molybdenum Co., Ltd. are in compliance with relevant laws and regulations, and the voting results are valid and legal [1][10]. Group 1: Meeting Procedures - The company has announced the shareholder meetings for 2024 and 2025, ensuring that all shareholders were notified at least twenty days prior to the meetings [2][3]. - The meetings will be conducted through a combination of on-site and online voting, with specific time slots designated for each voting method [3]. Group 2: Attendance and Voting - A total of 2,891 participants attended the 2024 annual meeting, representing 13,516,493,507 shares, which is 63.18% of the total voting shares [3]. - For the 2025 first A-share meeting, 2,888 participants represented 11,872,268,852 shares [4]. - The 2025 first H-share meeting had 3 participants representing the voting shares [5]. Group 3: Voting Results - The voting for the 2024 annual meeting included several key proposals, all of which were approved, including the annual report and profit distribution plan [6][9]. - The voting results for the 2025 first A-share and H-share meetings also showed that all proposed resolutions were passed, including capital reduction and amendments to the company’s articles of association [8][9]. Group 4: Legal Conclusion - The legal opinion concludes that the convening, attendance, and voting procedures of the shareholder meetings are in accordance with the law and the company's articles of association, affirming the legality of the voting results [10].

Core Viewpoint - Luoyang Shenglong Mining Group Co., Ltd. (hereinafter referred to as "Shenglong Co.") has received acceptance for its main board IPO, with Guotou Securities as the sponsor and Ernst & Young as the accounting firm. The company is a leading large-scale molybdenum enterprise in China, focusing on the comprehensive development and utilization of non-ferrous metal mineral resources, primarily producing, processing, and selling molybdenum-related products [3]. Company Overview - Shenglong Co. holds rich resource reserves, with five large and medium-sized molybdenum mining rights as of the end of 2024, including four mining rights and one exploration right. The company possesses a molybdenum metal amount of 710,500 tons, accounting for approximately 9.10% of the national molybdenum resource reserves [3]. Financial Performance - The total assets of Shenglong Co. are projected to reach 6.89 billion yuan by December 31, 2024, up from 6.04 billion yuan in 2023 and 4.83 billion yuan in 2022. The company's operating income is expected to grow from 1.91 billion yuan in 2022 to 2.86 billion yuan in 2024 [4]. - The net profit attributable to the parent company is forecasted to increase from 344 million yuan in 2022 to 757 million yuan in 2024, with a net profit margin showing a consistent upward trend [4]. Shareholding Structure - Guosheng Group directly holds 411.67 million shares, representing 25.40% of the total share capital. Through its second-largest shareholder, the Nonferrous Group, and the third-largest shareholder, Luoyang Urban Construction, it indirectly controls 617.50 million shares, totaling 38.09% of the total share capital [5][6]. - Guosheng Group collectively controls 1.03 billion shares, accounting for 63.49% of the total share capital, making it the controlling shareholder of Shenglong Co. [6]. Management Team - The chairman of Shenglong Co. is Lu Youxia, who has extensive experience in finance and management within the industry. The financial director and board secretary is Huang Lijuan, a certified public accountant with a strong background in financial management [7][8].

IPO Review and Registration Progress - Four new IPO applications were accepted last week, with the first IPO on the Shanghai main board this year being Longyu Group, which aims to raise 700 million yuan [2][3] - Longyu Group's main business involves zirconium products, special nylon products, and fine chemical products, with over 70% of revenue coming from zirconium products, although its gross margin is declining [2][3] - The company reported revenues of 1.669 billion yuan in 2022, 1.607 billion yuan in 2023, and 1.637 billion yuan in 2024, with net profits of 257 million yuan, 188 million yuan, and 205 million yuan respectively [3] - Shenglong Co., a large molybdenum company, plans to raise 1.53 billion yuan and reported a revenue of 2.864 billion yuan in 2024, a 46.3% increase year-on-year [3] - Two new IPOs were accepted on the Beijing Stock Exchange: Peicheng Technology and Kanghua Co., with Peicheng's revenue declining by 4.02% in 2024 [3][4] Upcoming IPOs - Three companies, Zhigao Machinery, Shichang Co., and Hai'an Rubber, are scheduled for IPO meetings this week, with Hai'an Rubber aiming to raise 2.952 billion yuan [5][6] - Hai'an Rubber's revenue growth has significantly slowed, with a revenue increase of only 2.19% in 2024 compared to previous years [6] - Zhigao Machinery plans to raise 395 million yuan, while Shichang Co. aims for 171 million yuan [7] New Stock Subscription and Listing Dynamics - Three new stocks are scheduled for subscription this week, with a total expected fundraising of 1.332 billion yuan [10] - Youyou Green Energy plans to issue shares at 89.6 yuan each, aiming to raise approximately 941 million yuan, exceeding its original target by 34% [10] - The company reported a revenue of 1.497 billion yuan in 2024, an 8.85% increase, but a net profit decline of 4.6% [10] - Jiao Da Tie Fa aims to raise 168 million yuan, while Ying Shi Innovation plans to raise 464 million yuan for their respective projects [11] Policy and Regulatory Developments - The China Securities Association updated the list of D-class sponsor representatives, adding eight new names from various securities firms [13] - The Ministry of Finance announced administrative penalties against several securities evaluation institutions and asset appraisers following quality checks [14] - The Shenzhen Stock Exchange is focusing on supporting the computing chip industry through reforms and enhancing the service system from "IP" to "IPO" [15]

Core Viewpoint - Luoyang Shenglong Mining Group Co., Ltd. has received acceptance for its main board IPO, positioning itself as a leading domestic molybdenum company focused on the comprehensive development and utilization of non-ferrous metal mineral resources [1] Company Overview - Shenglong Co. primarily engages in the production, processing, and sales of molybdenum-related products, with its main products being molybdenum concentrate and molybdenum iron [1] - Molybdenum is a globally scarce strategic mineral, with a crustal weight content of only 0.001%, and is essential in various industries including steel, petrochemicals, construction, automotive, marine engineering, pharmaceuticals, and agriculture [1] Global Molybdenum Production - According to the International Molybdenum Association (IMOA), global molybdenum metal production is expected to remain between 262,100 tons and 290,200 tons from 2020 to 2024 [1] - In 2024, global molybdenum production is projected to be approximately 260,000 tons, with China, Peru, Chile, the United States, and Mexico accounting for about 90.67% of the total production [3] - China is the largest producer, with an estimated production of 110,000 tons in 2024, representing 42% of global output [3] Global Molybdenum Consumption - The global molybdenum consumption is expected to reach 294,100 tons in 2024, maintaining a range of 247,600 tons to 294,100 tons from 2020 to 2024 [5][6] - China has consistently been the largest consumer of molybdenum, with its consumption share projected to increase from 43% in 2020 to 47% in 2024 [6] Industry Demand Trends - The steel industry is undergoing a transformation towards high-end products, and the increasing demand from traditional industries such as petrochemicals and marine transport, along with the rapid development of strategic emerging industries like wind power and electric vehicles, is expected to drive continuous growth in molybdenum demand [7] - Forecasts indicate that global molybdenum demand will reach 307,100 tons and 317,000 tons in 2025 and 2026, respectively, leading to a supply gap of 36,400 tons and 44,300 tons [7]

Core Viewpoint - Jinduicheng Molybdenum Co., Ltd. is revising its Articles of Association and proposing the cancellation of the Supervisory Board, which will be submitted for shareholder approval [1]. Summary by Sections Revision of Articles of Association - The company is undertaking a comprehensive revision of its Articles of Association in accordance with relevant laws and regulations [1]. - The revised Articles aim to protect the rights of the company, shareholders, and creditors while standardizing the company's organization and behavior [1]. Company Structure and Governance - The company was established in accordance with the Company Law and is a joint-stock limited company initiated by several major stakeholders, including Jinduicheng Molybdenum Group and Taiyuan Iron and Steel Group [2][3]. - The company will maintain a party organization to strengthen party building and ensure the leadership role of the party organization in major company decisions [3]. Business Objectives and Scope - The company's business objective is to pursue vertical integration in the molybdenum industry while seeking diversification in non-molybdenum sectors, emphasizing innovation and risk control [7]. - The business scope includes various activities related to non-ferrous metal casting, smelting, and processing, as well as technology development and consulting services [8][9]. Share Capital and Shareholder Rights - The company’s shares are issued in the form of stocks, and all shares of the same category have equal rights [18]. - Shareholders have the right to request information, participate in meetings, and propose matters for discussion, ensuring transparency and accountability [17][18]. Responsibilities and Obligations - Shareholders are required to comply with laws and the Articles of Association, and they must not abuse their rights to harm the company or other shareholders [25][26]. - The company has established provisions for the responsibilities of its directors and senior management, including the obligation to act in the best interests of the company and its shareholders [24][25].

Group 1 - The core viewpoint of the news is that Luoyang Shenglong Mining Group Co., Ltd. has submitted its IPO prospectus to the Shenzhen Stock Exchange, aiming to raise funds for various projects to enhance its operational capabilities and financial stability [1][2] - Shenglong Mining is a leading large-scale molybdenum company in China, focusing on the comprehensive development and utilization of non-ferrous metal mineral resources, with main products being molybdenum concentrate and molybdenum iron [1] - The company has a significant production capacity, with a projected molybdenum metal output of 10,600 tons in 2024, accounting for 9.64% of China's total molybdenum production, positioning it as one of the key suppliers in the country [1] Group 2 - The IPO plans to raise 1.53 billion yuan, which will be invested in projects including the "Ankou Molybdenum Polymetallic Mining and Selection Project," "Mining Technology R&D Center Project," and "Supplementing Working Capital and Repaying Bank Loans" [2] - The use of raised funds is aligned with the company's main business, which is expected to significantly enhance its sustainable profitability and risk resistance capabilities [2] Group 3 - Shenglong Mining has shown stable growth in its operating performance over recent years, with projected revenues of 1.911 billion yuan, 1.957 billion yuan, and 2.864 billion yuan for the years 2022 to 2024, respectively [1] - The net profit attributable to the parent company is expected to be 344 million yuan, 619 million yuan, and 757 million yuan for the same period [1]

Core Viewpoint - Shenglong Co., Ltd., a leading molybdenum company in China, has initiated its IPO process with plans to raise 1.53 billion yuan [1][5] Group 1: Company Overview - Shenglong Co., Ltd. focuses on the comprehensive development and utilization of non-ferrous metal mineral resources, primarily producing, processing, and selling molybdenum-related products such as molybdenum concentrate and ferromolybdenum [3] - The company is expected to hold over 9% of China's molybdenum metal reserves and production by the end of 2024, with a projected production of 10,600 tons of molybdenum, making it a significant supplier in the domestic market [3][4] - Shenglong's mining assets include the Nanni Lake Molybdenum Mine, the largest operating molybdenum mine in China, with a production capacity of 16.5 million tons per year [3][4] Group 2: Resource and Market Position - As of the end of 2024, Shenglong holds 710,500 tons of molybdenum metal, accounting for approximately 9.1% of the national molybdenum resource reserves, indicating substantial resource potential [4] - The company has established strong customer relationships with major players in the steel industry, including China Baowu Steel, Shandong Steel, and Hualing Steel [4] - Shenglong is strategically located in Luoyang, Henan Province, known as "China's Molybdenum Capital," which enhances its competitive advantage in the molybdenum market [4] Group 3: Financial Performance - Shenglong's revenue has shown growth from 1.911 billion yuan in 2022 to an expected 2.864 billion yuan in 2024, with net profits increasing from 344 million yuan to 757 million yuan during the same period [4] Group 4: IPO and Fund Utilization - The IPO aims to raise 1.53 billion yuan to fund the mining project at the Songxian Angou Molybdenum Polymetallic Mine, establish a mining technology research center, and supplement working capital and repay bank loans [5]