Zijin Mining steps up, and "the first unmanned mining stock," EasyControl Zhijia, races toward overseas mines.

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On July 8, Eacon Autonomous officially went public on the Hong Kong Stock Exchange, with a final offering price of HK$87.92 per share. A total of 26.132 million H shares were globally offered, raising net proceeds of HK$2.175 billion.

This marks the arrival in the Hong Kong stock market of“the first unmanned mining vehicle stock.”

At the close on July 8, Eacon Autonomous closed at HK$96.7 per share, up 9.99%.

Eacon Autonomous operates in a relatively vertical, clearly commercialized autonomous driving scenario— unmanned mining vehicles.

Compared to autonomous driving on open roads, open-pit mine roads are enclosed and routes are relatively fixed, but the operating environment is more complex: high dust, intense vibrations, extreme weather, high altitude, and long hours of continuous transportation, combined with strict safety requirements, make unmanned mining trucks one of the first scenarios to achieve real-world implementation in smart mines.

Eacon Autonomous’ core business is providing unmanned driving solutions for large open-pit mines.

Currently, Eacon Autonomous mainly has two product lines: First, the unmanned mining truck products and solutions for closed environments“ZhuShan”; second, the mining site digitalization solution “MuYe,” which provides AI-assisted decision-making and visual management for mining, transportation, and waste dumping operations through data analytics, IoT integration, and real-time monitoring.

In terms of revenue contribution,“ZhuShan” remains the core driver.

In 2025, Eacon Autonomous’ unmanned mining truck products and solutions for closed environments reached revenue of 1.428 billion yuan, accounting for more than 90% of total revenue.

According to Frost & Sullivan data, based on2025 revenue, Eacon Autonomous holds a 37.6% market share in China’s unmanned mining vehicle solutions market.

By the end of2025, Eacon Autonomous had 2,580 active unmanned mining trucks.

However, Eacon Autonomous has not yet turned a profit,with a loss of 518 million yuan in 2025.

For Eacon Autonomous, listing in Hong Kong is not just about raising capital, but also about paving the road for globalization.

Mining is naturally a global business. Mature mining markets such as Australia and Canada have abundant mineral resources but have long faced high labor costs, labor shortages, and strict safety requirements. These pain points are exactly where unmanned mining vehicles can most easily create commercial value.

Meanwhile, in recent years, Chinese mining companies have continued to increase their overseas mining assets. As companies such as Zijin Mining expand their global layout of mineral resources, demand for construction, operation, and digital management of overseas mines is also being released.

This gives Eacon Autonomous the opportunity to go global along the industry chain.

Eacon Autonomous plans to expand with Chinese mining companies into major mining markets such as Indonesia, Chile, and Peru over the next three to five years, while continuing to focus on emerging markets such as Mongolia, Kazakhstan, the Middle East, and Africa.

The shareholder group behind Eacon Autonomous also brings greater possibilities for its globalization.

Before the IPO, Zijin Mining participated in Eacon Autonomous through controlled entities such as Zidi Investment, holding about 3.87% in total. In this Hong Kong listing, Zijinning under Zijin Mining also participated as a cornerstone investor in the global offering.

Whether this Hong Kong listing can further accelerate Eacon Autonomous’ global progress is widely watched by the market.

Risk Disclosure and DisclaimerThe market carries risks and investments should be made with caution. This article does not constitute personal investment advice, nor does it take into account the specific investment goals, financial situation, or needs of any individual user. Users should consider whether any opinions, views, or conclusions in this article fit their specific circumstances. Any investment based on this is at your own risk. ```