Ma Kuang Co., Ltd. (601123.SH), an iron ore resource development and comprehensive utilization company, plans to publicly issue 124 million shares

According to the Zhitong Finance App, Ma Kuang Co., Ltd. (601123.SH) disclosed a prospectus. The number of shares the company plans to publicly issue is 124 million shares, accounting for 10% of the total share capital after issuance. The initial number of strategic placements issued in this offering was 24.7 million shares, accounting for 20% of the current offering. The initial inquiry date for this offering is August 18, 2026, and the subscription date is August 21, 2026.

The company is an enterprise that has been engaged in the development and comprehensive utilization of iron ore resources for a long time. It is mainly engaged in the mining and comprehensive utilization of iron ore, sales of iron powder and molybdenum concentrate, and mining and sales of limestone. The main products are iron powder, molybdenum concentrate and limestone. The company has mining rights for the nationally famous Makeng iron ore. As of the end of 2025, the iron ore reserves of Makeng Iron Ore were 325 million tons, with a total associated 43,300 tons of molybdenum ore (measured in metallics) and 306.634 million tons of limestone ore for cement.

The company's net profit attributable to owners of the parent company from 2023 to 2025 was 651 million yuan, 664 million yuan, and 602 million yuan, respectively. From January to June 2026, the company's revenue was 1,112 million yuan, up 6.42% from the same period last year; net profit was 419 million yuan, up 15.76% from the same period last year; net profit attributable to owners of the parent company and net profit attributable to owners of the parent company after deducting non-recurring profit and loss were 419 million yuan and 415 million yuan respectively, up 15.70% and 14.04% respectively from the same period last year.

After deducting the issuance fee, the company plans to use 1 billion yuan to invest in the Makeng Iron Ore Mining and Capacity Expansion Project.