Senhe High-Tech (920038.BJ) has begun its subscription on July 27, with an issue price of 29.06 yuan per share. The subscription cap is 860,000 shares, and the price-to-earnings ratio stands at 11.49 times. The company is listed on the Beijing Stock Exchange, with State-owned Assets Investment Securities acting as its sponsor.
The prospectus reveals that Senhe High-Tech specializes in the research, development, production, and sale of environmentally friendly precious metal mineral processing agents. The company has a deep focus on the precious metal mineral processing agent field. It has independently developed a product formula and production process for a cyanide-containing, low-toxicity, environmentally friendly leaching agent. This innovation addresses industry pain points such as "high pollution, high energy consumption," and low resource utilization caused by the traditional use of sodium cyanide as a mineral processing agent in downstream industries like gold production.
According to a statement from the China Gold Association, Senhe High-Tech holds the top market share among domestic environmentally friendly gold leaching agent production enterprises. Senhe High-Tech's products are widely used by customers in over 30 countries and regions, including China, Laos, Russia, Guinea, the Central African Republic, Kyrgyzstan, Egypt, Sudan, and Suriname, providing high-quality products and services to more than 500 clients worldwide.
Regarding specific customer relationships, the company has established stable partnerships with key downstream direct-sales (end-user) clients such as Ningbo Zhongce and Wangta. Building on this foundation, it continuously strengthens cooperation with well-known domestic gold groups, including end-users like China Gold, Zhaojin Gold, Zijin Mining, Shandong Gold, and Chifeng Gold.
Financially, for the fiscal years 2023, 2024, and 2025, the company achieved operating revenues of approximately 346 million yuan, 623 million yuan, and 840 million yuan, respectively. During the same periods, it recorded net profits of approximately 56.0693 million yuan, 150 million yuan, and 272 million yuan, respectively.