In a golden era, Shenglong sets sail and soars to great heights—Shenglong Co., Ltd. (001257) rang the opening bell and listed today!

On the morning of March 31, as the listing bell rang clearly, Luoyang Shenglong Mining Group Co., Ltd. (stock code: 001257) was officially listed on the main board of the Shenzhen Stock Exchange, opening at RMB 23.46 per share and achieving a market capitalization of RMB 43.1 billion. Its successful entry into the A-share market marks a crucial step for Shenglong Shares in deepening its capital market operations and strengthening national strategic mineral resource security, and represents an important milestone in the company’s high-quality development.

At the ceremony, leaders from the Henan Provincial People’s Government, the Provincial Financial Office, the Provincial State-owned Assets Supervision and Administration Commission, the Luoyang Municipal People’s Government, and the Municipal State-owned Assets Supervision and Administration Commission, along with relevant officials from the Shenzhen Stock Exchange, Guosheng Group, Shenglong Shares, SDIC Securities, Ernst & Young Huaming, and Grandall Law Firm, as well as company shareholders and representatives of strategic investors, gathered together to jointly witness the momentous occasion of Shenglong Shares’ entry into the capital market.

Pan Kaiming, a member of the Standing Committee of the Luoyang Municipal Party Committee, deputy secretary of the Party Leadership Group of the Municipal Government, and vice mayor, extended his congratulations to Shenglong Co., Ltd. on its successful listing on the main board of the Shenzhen Stock Exchange, and expressed his sincere gratitude to all sectors of society for their care and support of Luoyang’s development. He stated that the Shenzhen Stock Exchange serves as an important bridge connecting capital with the real economy, and he hopes that Shenglong Co., Ltd., taking its listing as a starting point, will continue to refine its products, optimize its management, and strengthen its core business, thereby rewarding its broad investor base with outstanding performance. Luoyang will strive to create a world-class business environment and provide full support to more high-quality enterprises, enabling them to leverage the capital market for leapfrog growth. He looks forward to deepening strategic cooperation with the Shenzhen Stock Exchange and various financial institutions, attracting more capital to empower Luoyang, and working together to write a new chapter of high-quality development.

Wang Suwang, Party Secretary and Chairman of SDIC Securities, stated that Shenglong Shares, as a provincial-level science-and‑technology reform enterprise under the Henan Provincial State-owned Assets Supervision and Administration Commission, has been deeply engaged in the fields of nonferrous metal mining and beneficiation as well as comprehensive resource utilization. Driven by technological innovation, it has established a complete technical system, enjoys distinct advantages in the strategic mineral resource sector of molybdenum, and remains an industry leader in the development of new‑type productive forces and intelligent manufacturing. SDIC Securities is honored to have participated throughout the entire process, witnessing Shenglong Shares’ transformation from standardized restructuring to successful listing. Moving forward, the company will continue to fulfill its ongoing supervisory duties, providing steadfast support for Shenglong Shares’ growth.

Shenglong’s Party Secretary and Chairman, Lu Youxia, on behalf of the company’s management team, extended her gratitude to investors and industry peers. She stated that Shenglong will take this IPO as an opportunity to stay committed to its core business, pursue meticulous development, deliver strong performance through standardized operations, and strive to maximize shareholder value. Leveraging the capital markets, the company will continue to expand production capacity and increase investment in technological R&D, thereby strengthening its strategic resource security and enhancing its core industrial competitiveness. Firmly implementing the development strategy of “resource priority, innovation-driven, cost leadership,” Shenglong will deepen its presence along the molybdenum industry chain, actively promote supply-chain extension and supplementation, and optimize its product mix, contributing even greater efforts to safeguarding national strategic mineral resource security, supporting the transformation and upgrading of the manufacturing sector, and advancing the implementation of the “dual carbon” strategy.

Molybdenum, as a strategic rare metal of national importance, is widely used in defense and military industries, aerospace, new energy, and other strategic emerging sectors, serving as a critical foundation for China’s manufacturing transformation and upgrading and for national security. Shenglong Shares, a leading large-scale molybdenum enterprise and a key player in molybdenum resource development, focuses on the comprehensive exploration, development, and utilization of nonferrous metal mineral resources. Its core business encompasses the production, processing, and sales of molybdenum‑related products, with operations spanning the entire molybdenum mining and beneficiation process. The company’s flagship operating mine, the Nan Ni Hu Molybdenum Mine, currently ranks as the largest single operating molybdenum mine in China in terms of proven reserves. Shenglong places great emphasis on technological innovation; it has been approved as the Henan Province Postdoctoral Innovation and Practice Base and has received numerous accolades, including designation as a Science and Technology Reform Enterprise and a Specialized, Sophisticated, Distinctive, and Innovative Cultivation Enterprise in Henan Province, as well as recognition as a Henan Provincial Engineering Technology Research Center, a Henan Provincial Enterprise Technology Center, and a Henan Provincial Green Factory. As of the end of 2024, the company holds 710,500 tonnes of molybdenum metal, accounting for approximately 9.10% of China’s total molybdenum resource reserves, making it one of the country’s major molybdenum product manufacturers.

Shenglong Shares will take this IPO as a new starting point, stay committed to its core business, and fully leverage the empowering advantages of the capital market. Grounded in “resources” and propelled by “technology,” it will continue to intensify its efforts in scientific and technological innovation, enhance the efficiency of molybdenum mining and beneficiation, and elevate the level of comprehensive resource utilization. In doing so, it aims to achieve simultaneous gains in resource value, economic benefits, environmental sustainability, and social impact, thereby making further contributions to safeguarding China’s strategic mineral resource security and supporting the high-quality development of the national economy.