佳鑫国际资源是一家总部位于哈萨克斯坦的钨矿开发企业 核心资产为巴库塔钨矿项目，公司业务模式覆盖钨矿的勘探、开采、加工及销售全链条，主要产品为钨 精矿。2025年8月28日，公司于港交所主板上市，募集资金主要用于产能扩张、深加工布局及债务偿 还。2025年4月巴库塔钨矿已启动一期商业化生产，公司未来也计划在中亚地区探索更多投资有色金属 资源的机会。 稀缺资源为公司提供长期发展潜力 第一上海发布研报称，首次覆盖并给予佳鑫国际资源(03858)"买入"评级，目标价82.4港元。该行认为公 司正处在一个关键的价值释放拐点，且坐拥世界级核心资产，资源禀赋奠定长期增长基石。公司是市场 上稀缺的纯钨矿标的，当前股价具备极高的安全边际和吸引力。 第一上海主要观点如下： 项目进入投产期，产能快速爬坡 公司目前可处理42种危险废物，项目主要分为危废填埋、危废焚烧以及危废综合处置三种类型，主要分 布于危废产量丰富且集中的华东地区及山东地区，目前危废项目的IRR超过20%。公司的危废处置价格 介于每吨2000元至每吨17000元之间，2017年的危废处置平均价格为2732元/吨，同比增长13.4%。公司 的危废项目储备丰富，在建及筹 ...

智通财经APP获悉，第一上海发布研报称，首次覆盖并给予佳鑫国际资源(03858)"买入"评级，目标价 82.4港元。该行认为公司正处在一个关键的价值释放拐点，且坐拥世界级核心资产，资源禀赋奠定长期 增长基石。公司是市场上稀缺的纯钨矿标的，当前股价具备极高的安全边际和吸引力。 第一上海主要观点如下： 钨价格波动、项目投产进度不达预期、矿山生产安全事故风险 稀缺资源为公司提供长期发展潜力 公司生物质业务主要分为生物质直燃发电、生物质供热或热电联供和生物质及垃圾发电一体化。其中， 公司独有的一体化模式通过共享电网、水处理等公用系统，发挥协同效应，有效降低项目整体开发及营 运成本，快速渗透县城环保市场。公司运用战略性选址和强大的生物质供应网络，使得2014-2017年的 原材料成本保持稳定，从而保障了项目的盈利水平。目前，公司一体化模式的IRR能达到16%以上。 项目进入投产期，产能快速爬坡 公司目前可处理42种危险废物，项目主要分为危废填埋、危废焚烧以及危废综合处置三种类型，主要分 布于危废产量丰富且集中的华东地区及山东地区，目前危废项目的IRR超过20%。公司的危废处置价格 介于每吨2000元至每吨17000元之 ...

Group 1: Recent IPOs - Agricultural B2B e-commerce platform Yimuyuan officially listed on NASDAQ, raising approximately $20.54 million by issuing 5.01 million shares, with a market capitalization of $255 million [1] - Silicon carbide substrate manufacturer Tianyue Advanced completed its listing on the Hong Kong Stock Exchange, raising about HKD 2.044 billion by issuing 47.74 million shares, with a market capitalization of HKD 20.636 billion [2] - English education institution Monkey Tree submitted an IPO application to the SEC for NASDAQ listing, planning to issue 1.6 million shares to raise approximately $7 million [3] - New energy technology company EcoFusion filed for an IPO with the SEC, planning to issue 1.5 million shares to raise $6 million [4] - Marketing company AM PM Group submitted an IPO application to the SEC for NASDAQ listing, planning to issue 1.5 million shares to raise approximately $7 million [5] - Logistics solution provider Smart Logistics filed for an IPO with the SEC, planning to issue 1 million shares with a fundraising range of $5-6 million [6] - Hong Kong brokerage Huanbo Capital submitted an IPO application to the SEC for NASDAQ listing, planning to issue 1.4 million shares to raise $6 million [8] - Software development service provider Yihua Box filed for an IPO with the SEC, planning to issue 1.5 million shares with a fundraising range of $6-7.5 million [9] - Consumer goods supplier Aigou Holdings submitted an IPO application to the SEC for NASDAQ listing, planning to issue 2 million shares to raise approximately $10 million [10] Group 2: Upcoming IPOs - AI infrastructure software provider StarRing Technology submitted an application for "A+H" share listing on the Hong Kong Stock Exchange, focusing on AI and big data infrastructure software [11] - Precision manufacturing innovation technology company Luxshare Precision submitted an application for "A+H" share listing on the Hong Kong Stock Exchange, providing integrated manufacturing solutions for various sectors [12] - Photovoltaic cell manufacturer Yingfa Ruineng filed for an IPO on the Hong Kong Stock Exchange, recognized as the third-largest N-type TOPCon cell manufacturer globally with a market share of 14.7% [13] - Intelligent cockpit solution provider Zebra Smart submitted an application for IPO on the Hong Kong Stock Exchange, focusing on developing intelligent cockpit solutions [14] - AI and high-performance computing PCB supplier Shenghong Technology submitted an application for "A+H" share listing on the Hong Kong Stock Exchange, leading the market in AI and high-performance computing PCB revenue [15] - Biopharmaceutical company Tianchen Biotech filed for an IPO on the Hong Kong Stock Exchange, focusing on the development of biological products for allergic and autoimmune diseases [16] Group 3: Ongoing IPO Processes - AIDC supporting energy storage company Shuangdeng Group is in the process of an IPO, planning to issue 58.557 million shares to raise approximately HKD 850 million, expected to list on August 26 [17] - Tungsten mining company Jiaxin International is undergoing an IPO process, planning to issue 109.8 million shares to raise approximately HKD 1.088 billion, expected to list on August 28 [17]