PIZU GROUP (09893) Surges Over 23% Intraday, Driven by Dual Civil Explosives and Mining Operations

Stock News
Jan 26

PIZU GROUP (09893) saw its stock price surge more than 23% during today's trading session. As of the time of writing, the gain was 17.43%, with the stock trading at HK$1.28 and a turnover of HK$5.1032 million. Since its establishment, PIZU GROUP has maintained a sharp focus on its core civil explosives business. Driven by continuous business expansion and considerations for market synergies, the company strategically incorporated mining extraction into its development framework. Through a series of significant moves, including the injection of Inner Mongolia Shengan Chemical assets and the acquisition of Anhui Jinding Mining, the group has now established a mature dual-core business model driven by both "civil explosives + mining." It is reported that since its commencement of operations in August 2021, Anhui Jinding Mining has become a crucial profit growth driver for the group, with its primary products encompassing sulphur concentrate, copper concentrate, iron concentrate, and gold ore.

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