China Securities Online News (Wang Luo) The IPO of Science and Technology Innovation Board of China Steel Mining Institute was accepted by Shanghai Stock Exchange a few days ago. The company plans to publicly issue no more than 101372242 shares this time, raising 554 million yuan to invest in national R&D platform R&D capability improvement and mineral resources green and efficient new technology R&D projects, 7000 ton/year high-performance hollow glass beads construction projects, 300 ton/year carbon aerogel new material construction projects, 10000 ton/year spherical weighting material projects and supplementary working capital. Recommendation of CITIC Securities.
According to the public information, the predecessor of Sinosteel Mining Institute, the “Institute of Ferrometallurgical Mines of the Ministry of Metallurgical Industry”, was founded in 1963 and was a key scientific research institute directly under the former Ministry of Metallurgical Industry. The company has long been engaged in professional services for comprehensive utilization of mineral resources, providing customers with technical services and technical engineering services in mining, mineral processing, rock and soil, mine safety and environmental protection, etc. From 2019 to January June 2022, the Company realized operating revenue of 509 million yuan, 566 million yuan, 737 million yuan and 397 million yuan respectively, and realized parent net profit of 58.2824 million yuan, 81.9592 million yuan, 120 million yuan and 74.6404 million yuan respectively in the same period.
The total investment budget of the national R&D platform R&D capability improvement and the mineral resources green and efficient new technology R&D project is 150164400 yuan. The project construction period starts from November 2020. At present, the upgrading and transformation of the two national R&D platforms “National Metal Mine Solid Waste Treatment and Treatment Engineering Technology Research Center” and “National Key Experiment on Metal Mine Safety and Health” are in progress; The construction of “Safety Emergency Industry Research and Training Center”, “Ecological Restoration and Solid Waste Comprehensive Utilization Test and Demonstration Base” has been basically completed; In the future, it is planned to carry out technology research and development in seven research directions, and the R&D achievements will be accepted and transformed in September 2025.
The total investment of the 7000 t/a high-performance hollow glass bead construction project is 140422200 yuan. The hollow glass bead business is one of the company’s main businesses. The implementation of the 7000 t/a high-performance hollow glass bead construction project is to expand the production capacity through new production lines, improve the scale of production and sales business, and promote the development of new material business under the background of the expansion of downstream market demand. The construction period of the project starts from September 2021. At present, the construction of the project plant has been basically completed, the production and commissioning are under way, and the subsequent completion acceptance will be carried out.
The total investment of the 300 t/a carbon aerogel new material construction project is proposed to be 70.3033 million yuan. Carbon aerogel products belong to the company’s new material business, which is the expansion of the company’s existing new material business. This project is the industrial application of the company’s core technology “carbon aerogel industrial preparation technology”. The construction period of the project starts from September 2021. At present, the construction of the project plant has been basically completed, the production and commissioning are under way, and the subsequent completion acceptance will be carried out.
The 10000 t/a spherical weighting material project is planned to have a total investment of 89.2298 million yuan, mainly to build a 10000 t/a spherical weighting material production line, and the main body of implementation is the new materials of the mining institute. The planned construction period of this project is 24 months. At present, the project has not been started.
In the future, the company said that in the field of comprehensive utilization of mineral resources, it will always take the task of overcoming the frontier, common and key core technical problems in the field of national mineral resources, and will always face the scientific and technological frontier of safe, green, efficient development and comprehensive utilization of national low-grade ore, co associated ore, refractory ore, tailings and other mineral resources to provide customers with mining, mineral processing, rock and soil Technical services and technical engineering services in mine safety and environmental protection. In the field of new materials, we will continue to promote the technology research and development and industrial application of the company’s new material business, continue to promote the company’s hollow glass bead products to be more widely used in more downstream industries, and strive to achieve the industrial mass production of new material products such as new mining curing materials, carbon aerogel, spherical weighting materials as soon as possible.
