New Stock News | Zhihui Mining Group submits a second application to the Hong Kong Stock Exchange. The Mongaya mining site can supply 400,000 tons of ore annually.

According to the disclosure by the Hong Kong Stock Exchange on October 23, Tibet Zhuhui Mining Co., Ltd. (referred to as Zhuhui Mining) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Sinolink (Hong Kong) and Maisi Capital as joint sponsors. The company had previously submitted a listing application to the Hong Kong Stock Exchange on April 17, 2025. The prospectus shows that Zhuhui Mining is a mining company focused on exploration, mining, ore production, and sales of zinc, lead, and copper in Tibet, China. According to data from the Shanghai Nonferrous Network, in 2024, the company ranked fifth, fourth, and fifth respectively in Tibet in terms of average annual production of zinc concentrate, lead concentrate, and copper concentrate. In 2024, Zhuhui Mining accounted for 4.2% of the total lead concentrate production and 0.1% of the total copper concentrate production in Tibet. The production of lead and copper concentrates in Tibet is dominated by leading companies. In 2024, two major companies in Tibet accounted for 36.1% and 31.6% of the total market share of lead concentrate production, and similarly, these two companies accounted for 44.2% and 42.3% of the total market share of copper concentrate production in Tibet. Zhuhui Mining's mining operations are located in Rongduo Township, Jiali County, Nagqu City, Tibet. The company's Monyaa Mine includes an open-pit mine that has been in commercial operation since 2007 and an underground mine that commenced commercial operation in the second quarter of 2025. The mining operations are located within the nationally designated Jindazheng exploration area, at an altitude of 5000 to 5300 meters, where rich mineral resources have been discovered. The company holds mining rights of approximately 58.5 square kilometers and 4.5 square kilometers respectively. As of July 31, 2025, the total ore reserves of the open-pit mine were 1438 thousand tons, with average grades of 4.90% zinc, 0.69% lead, 0.10% copper, and 10.09 grams/ton silver; and the total ore reserves of the underground mine were 10623 thousand tons, with average grades of 4.14% zinc, 2.99% lead, 0.21% copper, and 35.00 grams/ton silver. The Monyaa Mine of Zhuhui Mining can supply a total of 400 thousand tons of ore annually to the concentrator for concentrate production. In terms of finances, the company's revenue was approximately 482 million, 546 million, 301 million, and 257 million RMB in 2022, 2023, 2024, and January to July 2025 respectively; and the net profit attributable to owners and comprehensive income for the year were approximately 118 million, 155 million, 55.85 million, and 51.73 million RMB for the same periods, respectively.