New stock news | Shanjin International Gold (000975.SZ) Hong Kong IPO prospectus failed.

Shanjin International Gold Corporation Limited (referred to as Shanjin International Gold (000975.SZ))'s Hong Kong IPO prospectus submitted on September 24, 2025, expired on March 24, 2026, after 6 months, with CITIC SEC, CICC, and UBS Group acting as its joint sponsors at the time of submission. According to the previous prospectus, Shanjin International Gold is one of China's leading gold producers, mainly engaged in exploration, mining, smelting, and trading of gold, silver, lead, zinc, and other colored metals. According to data from Frost & Sullivan, Shanjin International Gold is one of the most profitable gold companies listed in China in terms of gold ore gross profit margin and gold ore production cost efficiency. As of the fiscal year ended December 31, 2024, Shanjin International Gold's all-in sustaining cost for gold was $683.5 per ounce, placing it in the top 10% of the global gold mining all-in sustaining cost curve, while the global average for the same year was $1438.1 per ounce.