JINXUN RESOURCE
| Register Close | 2026/01/06 IPO Closing in 5 Days |
| Listing Date | 2026/01/09 |
| Register Close | 2026/01/06 IPO Closing in 5 Days |
| Listing Date | 2026/01/09 |
Yunnan Jinxun Resources Co. is a leading manufacturer of high-quality copper cathodes, with a strong presence in DR Congo and Zambia. The Group’s core business focuses on developing and supplying premium copper resources to cater China’s substantial copper demand.
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According to the report, as of December 31, 2024, the Group ranked fifth among PRC copper cathode producers by production volume in both DR Congo and Zambia, and was the only PRC company to rank among the top five in both jurisdictions.
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The Group 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, the Group 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.
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Save for the cobalt processing plant under construction in China, the Group owns four production facilities, which include two copper smelters and one copper concentrate flotation plant in Zambia, and one copper smelter in DR Congo.
| Market | Hong Kong (Main Board) |
| Business Nature | Diversified Metals & Minerals |
| Major Business Area | China |
| Board Lot | 200 |
| No. of Offer Shares | 36.77M shares |
| No. of International Offer Shares | 33.09M shares |
| No. of HK Offer Shares | 3.68M shares |
| Offer Price | $30.00 |
| Stock Code | 3636 |
| Sponsor(s) | Huatai Financial Holdings (Hong Kong) Limited |
| Underwriter(s) | Huatai Financial Holdings (Hong Kong) Limited, CLSA Limited, ABCI Securities Company Limited, BOCI Asia Limited, TFI Securities and Futures Limited, UOB Kay Hian (Hong Kong) Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited |
| Application Period | Dec 31 (Wed) - noon, Jan 06 (Tue) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Jan 08 (Thu) |
| Result Announcement Date | On or before Jan 08 (Thu) |
| Result Announcement Date | On or before Jan 09 (Fri) |
| Dealings in Shares commence on | Jan 09, 2026. (Fri) |
| Offer Price | $30.00 |
| Capitalization | 4.41B |
| NAV / share ($) | $12.03 (Unaudited pro forma adj NAV / share) |
| Assuming the offer price being at HKD 30, the net proceeds raised would be HKD 1.04B, of which |
| 25% : Upgrade of the hydrometallurgical processing capability of DR Congo copper smelter I, as well as the improvement of the production yield of its cobalt hydroxide production line |
| 20% : Equipment procurement and daily operations of the facility in Anhui Province |
| 20% : Strategic acquisitions |
| 15% : Improve and expand R&D center in Kunming |
| 10% : Repay certain of interest-bearing bank borrowings |
| 10% : Working capital |
| Prospectus |
| Remark: | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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