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To-be Listed
Name
/
Code
Industry Offer Price Lot Size Entry Fee Closing Date
Grey Market Date
Listing Date
Knowledge Atlas
02513.HK
Next-generation information technology 116.2 100 11,737.19 2026/01/05 2026/01/07 2026/01/08
Edge Medical-B
02675.HK
Biotechnology - Medical Devices 43.24 100 4,367.61 2026/01/05 2026/01/07 2026/01/08
Iluvatar CoreX
09903.HK
Semiconductors & Semiconductor Equipment 144.6 100 14,605.83 2026/01/05 2026/01/07 2026/01/08
MiniMax-WP
00100.HK
Next-generation information technology 151-165 20 3,333.28 2026/01/06 2026/01/08 2026/01/09
Jinxun Resources
03636.HK
Diversified Metals & Minerals 30 200 6,060.51 2026/01/06 2026/01/08 2026/01/09
Ribo Life-B
06938.HK
Biotechnology - Pharmaceuticals 57.97 200 11,710.93 2026/01/06 2026/01/08 2026/01/09
OmniVision
00501.HK
Semiconductors & Semiconductor Equipment N/A 100 10,585.69 2026/01/07 2026/01/09 2026/01/12
HX Coldchain
01641.HK
Packaged Foods 12.26 500 6,191.83 2026/01/08 2026/01/12 2026/01/13
GigaDevice
03986.HK
Semiconductors & Semiconductor Equipment 132-162 100 16,363.38 2026/01/08 2026/01/12 2026/01/13
BBSB International
08610.HK
Construction & Engineering 0.6-0.7 4,000 2,828.24 2026/01/08 2026/01/12 2026/01/13
Summary
We are a leading manufacturer of high-quality copper cathodes, with a strong presence in DR Congo and Zambia. According to Frost & Sullivan, as of December 31, 2024, we ranked fifth among PRC copper cathode producers by production volume in both DR Congo and Zambia, and were the only PRC company to rank among the top five in both jurisdictions. Specifically, we produced approximately 16.0 thousand tons and 5.0 thousand tons of copper cathodes in DR Congo and Zambia in 2024. Among PRC non-state-owned enterprises, we ranked third in DR Congo with a market share of 0.9% and first in Zambia with a market share of 0.8% in terms of production volume in 2024.

OUR BUSINESS

Our core business focuses on developing and supplying premium copper resources to cater China’s substantial copper demand. Leveraging Africa’s rich copper reserves, we have strategically expanded production capacity and achieved significant integration across the industrial value chain. We have established advanced copper cathode smelting operations in DR Congo and Zambia, considerably enhancing our economic efficiency and market position.

Furthermore, capitalizing on the natural coexistence of copper and cobalt within African ore reserves, we are proactively developing downstream cobalt-related production, strategically positioning ourselves in the rapidly growing new energy materials sector.

Our Operations

We started from engaging in the trading of non-ferrous metals. After accumulating experience in the industry, we commenced the business of localized processing and smelting of copper in Zambia and DR Congo in 2017 and 2023, respectively, and gradually developed into our current business model that integrates mineral processing, smelting and trading of non-ferrous metals. We have a stable supply of copper raw materials based on long-term cooperation with suppliers, and we believe that our more than a decade of experience in the copper industry and our ability to produce high-quality copper-related products distinguish us from our competitors.

Our operations cover ore processing, smelting, as well as sales of copper products and trading of non-ferrous metals. The processing and smelting of copper ores are primarily carried out by our local production facilities located in Zambia and DR Congo, respectively. As of the Latest Practicable Date, save for the cobalt processing plant under construction in China, we own four production facilities, which include two copper smelters and one copper concentrate flotation plant in Zambia, and one copper smelter in DR Congo. Our non-ferrous metal trading business is conducted primarily through our subsidiaries in Singapore and China. During the Track Record Period, we generated revenue from (i) the production and sale of copper cathodes; (ii) the production and sale of copper concentrates; and (iii) the trading of non-ferrous metal products.

Production and Sale of Copper Cathodes We produce copper cathodes in Zambia and DR Congo. We operate two copper smelters in Zambia, namely Zambia copper smelter I and Zambia copper smelter II, and one copper smelter in DR Congo, namely DR Congo copper smelter I. The Zambia copper smelter I and Zambia copper smelter II commenced production in September 2019 and March 2022, respectively, while the DR Congo copper smelter I commenced production in August 2023. Our copper smelters produce copper cathodes using a hydrometallurgical process that primarily involves grinding, leaching, extraction and electrowinning utilizing copper ores. During the Track Record Period, the copper cathodes we produced were primarily sold to a variety of commodity traders in Chinese Mainland.

Production and Sale of Copper Concentrates We produce copper concentrates in Zambia. Our Zambian subsidiary operates a copper concentration flotation plant, namely Zambia flotation plant. The Zambia flotation plant commenced production in October 2017. We produce copper concentrates by crushing and grinding the ores and separating metals from waste rocks using a flotation process, and then classifying and dehydrating. During the Track Record Period, the copper concentrates we produced were primarily sold to local smelting companies. In addition, we also sold insignificant amount of copper concentrates to customers operating in Chinese Mainland.

Trading of Non-ferrous Metal Products

We also procure non-ferrous metal products from local suppliers in Peru and China, and primarily sell to our customers through our subsidiaries in Singapore and China. Non-ferrous metal products we trade primarily include copper, zinc, lead and silver. We aim to further enhance our presence in Singapore, leveraging its incomparable attractiveness in providing tax incentives to foreign investors to build a regional hub that facilitates our overseas financing and trading activities. We serve both upstream suppliers and downstream customers in trading non-ferrous metals by leveraging our advantages in: (i) extensive raw material procurement capabilities in covering both large and mid to small mines with a global reach, especially serving state-owned enterprises with limited personnel to oversee the raw material procurement process; (ii) diversified selection criteria among mining sites where single products from the upstream suppliers are unable to fully meet the non-standard quality requirements of downstream customers in the absence of the value-added services, the downstream customers are likely to incur additional time and resources to source their desired products, which might further prolong their overall procurement process; and (iii) flexible and inclusive payment terms to cater both state-owned enterprises and private companies in facilitating delivery efficiency. During the Track Record Period, the non-ferrous products we procured were mainly sold to the commodity traders and producers operating in Chinese Mainland and Peru. The downstream customers of our non-ferrous metal trading business are considered mainly of large-scale non-ferrous metal smelting enterprises with considerable demand of non-ferrous metals in the PRC. In addition, we also received orders on an ad hoc basis from mid- to small non-ferrous metal trading enterprises in the PRC.



Source: Jinxun Resources (03636) Prospectus (IPO Date : 2025/12/31)
Listing Market MAIN
Industry Diversified Metals & Minerals
Background H Shares
Major Business Area Africa
Corporate Information
Substantial Shareholders Yuan Rong (Total share: 74.94%)
Directors Yuan Rong (Chairman and General Manager and Chief Executive Officer and Executive Director)
Yang Yongchang (Chief Financial Officer and Executive Director)
Yuan Mei (Executive Director and Secretary to the Board)
Wong Hok Bun Mario (Independent Non-Executive Director)
Xia Hongying (Independent Non-Executive Director)
Zheng Dongyu (Independent Non-Executive Director)
Company Secretary Wan Wing Yi Carol
Principal Bankers Industrial Bank Co., Ltd
Solicitors JunHe LLP
Sidley Austin
Chibesakunda & Co
Bennani & Associes RDC SAS
Estudio Muniz Sociedad Civil de Responsabilidad Limitada
Shook Lin & Bok LLP
Hogan Lovells International LLP
Auditors KPMG
Registered Office 40th Floor, Dah Sing Financial Centre, No. 248 Queen’s Road East, Wanchai, Hong Kong
Share Registrars Computershare Hong Kong Investor Services Ltd. [Tel: (852) 2862-8628]
Share Registrars Tel No (852) 2862-8628
Internet Address http://www.jinxunec.com
Email Address jxhr@jinxunec.com
Tel No (86 0871) 6523-8475
Fax No
 
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