Ma Kuang Co., Ltd. IPO accepted by the Shanghai Stock Exchange, plans to raise 1 billion, CITIC Securities Co., Ltd. as the sponsor

DoNews reported on December 13 that on December 4, Fujian Makeng Mining Co., Ltd. submitted its IPO application to the Shanghai Stock Exchange, which has been accepted. The company plans to raise 1 billion yuan, with CITIC Securities Co., Ltd. as the sponsor. Makeng Mining is a company engaged in the development and comprehensive utilization of iron ore resources, primarily involved in the mining, comprehensive utilization, and sales of iron ore, iron concentrate, molybdenum concentrate, as well as the mining and sales of limestone.

During the reporting period (from 2022 to the first half of 2025), Makeng Mining's operating revenues were 2.057 billion yuan, 1.962 billion yuan, 2.05 billion yuan, and 1.045 billion yuan, respectively; net profits were 659 million yuan, 651 million yuan, 664 million yuan, and 362 million yuan, respectively.

The main business revenue of Makeng Mining is classified by product or service as follows:

The gross profit margin of Makeng Mining's products is as follows: