en.Wedoany.com Reported - On May 25, Inner Mongolia Xingye Silver & Tin Mining Co., Ltd. ("Xingye Silver & Tin") officially submitted its listing application to the Hong Kong Stock Exchange, with CICC acting as the sole sponsor. Founded in 1991, the company's main business covers the exploration, mining, processing, and sales of non-ferrous metal resources, with core minerals including silver, tin, zinc, lead, copper, antimony, gold, and iron.
The prospectus shows that as of the latest practicable date, Xingye Silver & Tin holds mineral resources totaling approximately 656.1 million tonnes, including 33,600 tonnes of silver metal resources, ranking first in Asia and seventh globally; and 444,600 tonnes of tin metal resources, ranking second in China. According to Frost & Sullivan, based on silver and tin resource volumes, Xingye Silver & Tin has become the largest silver resource enterprise in Asia and the second-largest tin mining enterprise in China. Only two of the world's top ten silver mines are located in China, both of which belong to mines under Xingye Silver & Tin.
Xingye Silver & Tin has a total of 12 mining subsidiaries engaged in exploration, mining, and processing operations. Among them, 8 mines, including Yinman Mining and Yubang Mining, are in production; Atlantic Tin Mining is under construction; Tanghe Times Mining is in a suspended construction phase; and another two are in the exploration stage. The company also holds an approximately 19.99% equity interest in Far East Gold Limited. In terms of operating performance, from 2023 to 2025, Xingye Silver & Tin achieved operating revenues of approximately RMB 3.706 billion, RMB 4.270 billion, and RMB 5.555 billion, respectively; net profits for the same periods were approximately RMB 951 million, RMB 1.500 billion, and RMB 1.708 billion, respectively.
Prior to the IPO, Yunnan International Trust holds 20.46% of Xingye Silver & Tin's shares through Xingye Group, China Jingu Trust holds 6.87% through Tianjin Xingye, and the remaining A-share shareholders collectively hold 72.67%. The voting rights held by Xingye Group have been irrevocably entrusted to Ji Xingye. Ji Xingye, Yunnan International Trust, and Xingye Group together constitute the single largest shareholder group, with Ji Xingye being the actual controller of the company. The company's board of directors consists of 11 members, and the management exhibits familial characteristics: Ji Xingye's son, Ji Xiang, serves as Vice Chairman; his brother-in-law, Zhang Shucheng, serves as President; and his nephew, Zhang Bin, serves as Vice President. In 2025, Ji Xingye's compensation was RMB 1.3844 million, Ji Xiang's compensation was RMB 1.1566 million, and Zhang Shucheng's compensation was RMB 1.1935 million.
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