A-share subscription | Moriai Hi-Tech (920038.BJ) opens subscription to further explore the application field of precious metal mineral beneficiation agents

The Zhitong Finance App learned that on July 27, Moriai Hi-Tech (920038.BJ) began the subscription. The issuance price was 29.06 yuan/share. The subscription limit was 860,000 shares, with a price-earnings ratio of 11.49 times. It belongs to the Beijing Stock Exchange, and SDIC Securities is its sponsor.

According to the prospectus, Moriai Hi-Tech specializes in R&D, production and sales of environmentally friendly precious metal mineral concentrators. The company is deeply involved in the application field of precious metal beneficiation agents. In response to industry pain points such as “high pollution, high energy consumption” and low resource utilization due to the use of sodium cyanide as a traditional beneficiation agent in downstream gold and other precious metal production industries, the company has independently developed product formulations and production processes for environmentally friendly leaching agents containing cyanide with low toxicity. According to an information note issued by the China Gold Association, Moriai Hi-Tech's market share ranks first among domestic manufacturers of environmentally friendly gold dipping agents.

Users of Morihe Hi-Tech products have covered more than 30 countries and regions, including China, Laos, Russia, Guinea, Central African Republic, Kyrgyzstan, Egypt, Sudan, Suriname, etc., providing high-quality products and services to more than 500 customers around the world. Judging from the specific customer situation, the company has established stable cooperative relationships with major downstream direct sales (terminal) customers such as Ningbo Zhongce and Wanta, and on this basis, it has continuously strengthened cooperation with well-known domestic gold groups such as China Gold, Zhaojin Gold, Zijin Mining, Shandong Gold, and Chifeng Gold.

On the financial side, in 2023, 2024, and 2025, the company achieved operating income of about 346 million yuan, 623 million yuan, and 840 million yuan respectively; in the same period, it recorded net profit of about 560.693 million yuan, 150 million yuan, and 272 million yuan respectively.