| Stock Name | 金浔资源 |
|---|---|
| Stock Code | 03636 |
| Company Full Name | 金浔资源 |
| Industry | Semiconductors |
| Principal Activities | leading manufacturer of high-quality copper cathodes, with a strong presence in DR Congo and Zambia |
| Listing Date | 2026-01-09 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國 雲南省 昆明市 高新區 昌源北路1389號 B座3層 |
| Business Address (Hong Kong) | 40th Floor, Dah Sing Financial Centre No. 248 Queen’s Road East Wanchai Hong Kong |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | jinxunec.com |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | Computershare Hong Kong Investor |
| A-Share/US Dual Listing | No |
| Offering Mechanism | Mechanism B |
|---|---|
| Offer Price | HK$ 30.00 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 200 shares |
| Entry Threshold | HK$ 6,000 |
| Par Value | RMB 1.0 / shares |
| Offer Period | 2025-12-31 to 2026-01-06 |
| Global Offering Shares | 36,765,600 shares |
| HK Public Offer Shares (Initial) | 3,676,600 shares (10.0%) |
| Public Offer Lots (Initial) | 18,383lots (9,191lots, 9,192lots) |
| International Placing Shares (Initial) | 33,089,000 shares (90.0%) |
| Offer Ratio | ~25.0% |
| Total Shares Post-IPO | 147,062,243 shares |
| Greenshoe (Over-allotment Option) | No |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 0% |
| Clawback Tiers | 机制B-无回补 |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 1,102,968,000 |
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 15 lots | 3,000 | HK$ 90,000 |
| 20 lots | 4,000 | HK$ 120,000 |
| 25 lots | 5,000 | HK$ 150,000 |
| 30 lots | 6,000 | HK$ 180,000 |
| 35 lots | 7,000 | HK$ 210,000 |
| 40 lots | 8,000 | HK$ 240,000 |
| 45 lots | 9,000 | HK$ 270,000 |
| 50 lots | 10,000 | HK$ 300,000 |
| 100 lots | 20,000 | HK$ 600,000 |
| 150 lots | 30,000 | HK$ 900,000 |
| Market Cap (at Offer Price) | HK$ 4,411,968,000 |
|---|---|
| Pre-IPO Valuation (Last Round) | To be extracted |
| P/E Ratio | 不適用（公司處於虧損狀態） |
| Profit/Loss Status | 盈利約人民幣202.4百萬元 |
| Period-End Cash Balance | 人民币17,600,000元 |
| Listing Expenses | ~HK$ 60,400,000 |
| Listing Expenses / Funds Raised | ~5.5% |
| Total Pre-IPO Investment | To be extracted |
| First Day Close | HK$ 42.6 |
|---|---|
| First Day Open | HK$ 42.0 |
| First Day Change | 29.09% |
| First Day Volume | 64001200.0 |
| First Day Turnover | 2700530000.0 |
| Use of Proceeds | 1、約80%的所得款項凈額或834.1百萬港元將用于擴展公司的核心業務； 2、約10%的所得款項凈額或104.3百萬港元將用于償還公司若干計息銀行借款，該等借款用作營運資金； 3、約10%的所得款項凈額或104.3百萬港元將用于營運資金及一般公司用途。 |
|---|
| Role | Institution |
|---|---|
| Legal Advisor to Company |
盛德律师事务所 君合律师事务所 Bennani & Associés RDC SAS Chibesakunda & Co Estudio Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados 旭龄及穆律师事务所 霍金路伟国际律师事务所 |
| Legal Advisor to Sponsors/Underwriters |
汉坤律师事务所有限法律责任合伙 北京市汉坤律师事务所 Musa Dudhia & Co. |
| Auditor and Reporting Accountant | 毕马威会计师事务所 |
| Industry Advisor | 弗若斯特沙利文（北京）咨询有限公司上海分公司 |
| Receiving Banks | 中国银行（香港）有限公司 |
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | North Rock Capital Management, LLC | — | — | — | — | 6 months | 2026-07-09 |
| 2 | 新亚洲富怡资产管理有限公司 | — | — | — | — | 6 months | 2026-07-09 |
| 3 | 联域集团有限公司 | — | — | — | — | 6 months | 2026-07-09 |
| 4 | Zhengxin Group Investment Limited | — | — | — | — | 6 months | 2026-07-09 |
| Chairman | Mr. Xia Hongying |
|---|---|
| Company Secretary | 温詠宜 |
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 袁荣 | — | 執行董事 |
| 2 | 袁梅 | — | 執行董事 |
| 3 | 羊永昌 | — | 執行董事 |
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 郑冬渝 | — | 獨立非執行董事 |
| 2 | 夏洪应 | — | 獨立非執行董事 |
| 3 | 黄学斌 | — | 獨立非執行董事 |
| Major Shareholders & Holdings | Controlling Shareholders to the Stock Exchange, see “Underwriting — Underwriting Arrangements and Expenses — Undertakings pursuant to the Listing Rules and the Hong Kong UnderwritingAgreement — Undertakings by our Controlling Shareholders” in this prospectus. SHAREHOLDERS’A |
|---|
Market Sentiment
金浔资源(03636) IPO attracted strong retail demand with an oversubscription ratio of 143.46, as 64,456 valid applications competed for shares. Despite the high enthusiasm, the overall hit rate was a relatively accessible 14.02%, likely because the offer structure under mechanism B without clawback limited the public pool to the original 10% allocation. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
The available data does not include tier-specific application breakdowns, so no direct comparison between A-tail and B-head lot expectations can be made. With an oversubscription of 143 times, it is plausible that smaller applicants saw a lower hit rate than the overall 14.02%, but without detailed distribution, no inefficiencies or anomalies can be identified. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
No demographic information, including mainland participation, gender, or regional distribution, was reported for this IPO. As a result, it is not possible to assess investor demographics trends or their implications. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
