香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 承董事會命 洛陽欒川鉬業集團股份有限公司 劉建鋒 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 以下為洛陽欒川鉬業集團股份有限公司（「本公司」）於上海證券交易所網站 (www.sse.com.cn )所發佈《洛陽欒川鉬業集團股份有限公司關於對外擔保計劃的 公告》。 董事長 CMOC Group Limited* （於中華人民共和國註冊成立的股份有限公司） （股份代號：03993） 中華人民共和國河南省洛陽市， 二零二五年九月十七日 於本公告日期，執行董事為劉建鋒先生、孫瑞文先生及闕朝陽先生；非執行董 事為林久新先生及蔣理先生；及獨立非執行董事為王開國先生、顧紅雨女士及 程鈺先生。 * 僅供識別 股票代码：603993 股票简称：洛阳钼业 编号：2025—046 洛阳栾川钼业集团股份有限公司 关于对外担保计划的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假 ...

股票代码：603993 股票简称：洛阳钼业 编号：2025—046 洛阳栾川钼业集团股份有限公司 关于对外担保计划的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法 律责任。 重要内容提示： 一、担保审批及授权情况 2025年5月30日，公司2024年年度股东大会审议通过《关于本公 被担保方：相关全资子公司 本次担保金额：洛阳栾川钼业集团股份有限公司（以下简称"公 司"）直接或通过全资子公司（含直接及间接全资子公司，下同） 为其他全资子公司合计提供总额预计不超过14亿元的担保。 本次担保不涉及反担保。 截至本公告披露日公司无逾期担保。 本次担保计划部分被担保方为资产负债率超过70%的全资子公司； 截至本公告披露日，公司对外担保总额占公司最近一期经审计净 资产的23.29%。敬请投资者注意相关风险。 司2025年度对外担保额度预计的议案》，同意授权董事会或董事会授 权人士（及该等授权人士的转授权人士）批准公司直接或通过全资子 公司（含直接及间接全资子公司，下同）或控股子公司（含直接及间 接控股子公司，下同）为其他全资子公司、控股子公 ...

Group 1 - The "China Top 500 Enterprises" list was released, with State Grid Corporation, China National Petroleum Corporation, and China Petroleum & Chemical Corporation ranking the top three [1][3] - A total of 12 enterprises from Henan province made the list, including Luoyang Molybdenum (ranked 132), Pingmei Shenma (159), and Muyuan Foods (195) [1][2] Group 2 - The total revenue of the top 500 enterprises reached 110.15 trillion yuan, an increase from the previous year, with the entry threshold rising for 23 consecutive years to 47.96 billion yuan [3] - The total assets of these enterprises amounted to 46.085 trillion yuan, reflecting a growth of 7.46% [3] - The number of enterprises with revenues exceeding 100 billion yuan increased to 267, with 15 companies surpassing 100 billion yuan in revenue [3] - The net profit attributable to shareholders reached 4.71 trillion yuan, marking a growth of 4.39%, with a net profit margin of 4.27% [3] - Research and development expenditures totaled 1.73 trillion yuan, achieving a research intensity of 1.95%, the highest in eight years [3] - The industrial structure continues to optimize, with 39 new or re-entering companies, particularly in the automotive and logistics sectors [3]

每经AI快讯，9月16日，港股有色股早盘集体回落，截至发稿，江西铜业股份(00358.HK)跌4.53%，报 25.3港元；中国铝业(02600.HK)跌4.35%，报7.26港元；洛阳钼业(03993.HK)跌3.87%，报12.41港元；紫 金矿业(02899.HK)跌3.79%，报28.42港元。 （文章来源：每日经济新闻） ...

Group 1 - Non-ferrous stocks experienced a collective decline in early trading, with Jiangxi Copper down 4.53% to HKD 25.3, China Aluminum down 4.35% to HKD 7.26, Luoyang Molybdenum down 3.87% to HKD 12.41, and Zijin Mining down 3.79% to HKD 28.42 [1] - Guotai Junan Securities noted that the US August CPI met expectations, and the weakening job market has led to rising interest rate cut expectations, positively impacting precious and industrial metal prices [1] - Citic Securities indicated that industrial metal prices are influenced by both financial and commodity attributes, with the Fed entering a rate cut cycle and global copper and aluminum inventories at relatively low levels, suggesting improved demand due to China's economic recovery and the new energy sector [1]

Group 1 - The non-ferrous metal stocks experienced a collective decline in early trading, with Jiangxi Copper Co. down 4.53% to HKD 25.3, China Aluminum down 4.35% to HKD 7.26, Luoyang Molybdenum down 3.87% to HKD 12.41, and Zijin Mining down 3.79% to HKD 28.42 [1] - Guotai Junan Securities noted that the U.S. August CPI met expectations, and the weakening job market has led to rising expectations for interest rate cuts, positively impacting precious and industrial metal prices [1] - Citic Securities previously indicated that industrial metal prices are influenced by both financial and commodity attributes, with the Federal Reserve entering a rate-cutting cycle and global copper and aluminum inventories at relatively low levels, suggesting a potential improvement in demand due to China's economic recovery and the boost from the new energy sector [1]

Core Viewpoint - Luoyang Molybdenum Co., Ltd. shows significant trading activity with high financing and margin levels, indicating strong investor interest despite a slight decline in stock price on September 15 [1][2]. Financing Summary - On September 15, Luoyang Molybdenum had a financing buy amount of 278 million yuan and a financing repayment of 265 million yuan, resulting in a net financing purchase of 12.51 million yuan [1]. - The total financing and margin balance reached 2.709 billion yuan, with a financing balance of 2.687 billion yuan, accounting for 1.15% of the circulating market value, which is above the 90th percentile level over the past year [1]. - Margin trading on the same day included a repayment of 250,500 shares and a sale of 32,600 shares, with a selling amount of 435,200 yuan, while the margin balance stood at 22.58 million yuan, also exceeding the 90th percentile level over the past year [1]. Company Overview - Luoyang Molybdenum, established on December 22, 1999, and listed on October 9, 2012, primarily engages in the mining, selection, deep processing, trading, and research of rare metals such as molybdenum, tungsten, and gold [2]. - The company's revenue composition includes refined metal product trading (48.56%), concentrate product trading (38.31%), copper (27.14%), cobalt (6.04%), molybdenum (3.12%), phosphorus (2.23%), niobium (1.88%), tungsten (1.17%), and others (0.11%) [2]. - For the first half of 2025, Luoyang Molybdenum reported operating revenue of 94.773 billion yuan, a year-on-year decrease of 7.83%, while net profit attributable to shareholders increased by 60.07% to 8.671 billion yuan [2]. Dividend and Shareholding Summary - Since its A-share listing, Luoyang Molybdenum has distributed a total of 21.562 billion yuan in dividends, with 10.576 billion yuan distributed over the past three years [3]. - As of June 30, 2025, the company had 237,500 shareholders, a decrease of 15.95% from the previous period, with an average of 0 circulating shares per shareholder [2][3]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 648 million shares, an increase of 6.949 million shares, while various ETFs have also increased their holdings [3].

Group 1 - Copper prices have surged to a 15-month high, reaching $10,173 per ton, driven by increased risk appetite and expectations of a Federal Reserve rate cut this week [1] - The market anticipates a 25 basis point rate cut, with expectations of two additional cuts by the end of the year, which typically supports copper prices by boosting demand and weakening the dollar [1] - Supply disruptions, such as reduced output from Kamoa-Kakula Mine and the shutdown of Codeco's El Teniente Mine, have led to a tight copper supply, while demand remains robust due to increased investment in China's power grid and the peak season for electric vehicle sales [1] Group 2 - The domestic copper mining sector's price-to-earnings (PE) ratio has been running between 10-15x over the past three years, with a continuous increase in valuation this year due to declining supply growth and strong domestic demand [1] - It is expected that the copper price will reach $10,500 per ton in Q3-Q4 2025, driven by improved supply-demand dynamics and macroeconomic support, which will enhance corporate profit expectations [1] - The disparity in valuation between domestic and international sectors is anticipated to narrow as perceptions of supply shortages and demand growth improve, with domestic valuations expected to rise to 15-20x [1] Group 3 - Related companies in the copper mining sector listed on the Hong Kong Stock Exchange include Luoyang Molybdenum (03993), Zijin Mining (02899), China Nonferrous Mining (01258), Minmetals Resources (01208), Jiangxi Copper (00358), and China Railway (00390) [2]

Group 1 - Copper prices have surged to a 15-month high, reaching $10,173 per ton, driven by increased risk appetite and expectations of a Federal Reserve rate cut this week [1] - The market anticipates a 25 basis point rate cut, with potential for two more cuts by the end of the year, which typically supports copper prices by boosting demand and weakening the dollar [1] - Supply disruptions, such as reduced output from Kamoa-Kakula Mine and the shutdown of Codeco's El Teniente Mine, have led to a tight copper supply, while demand remains robust due to increased investment in China's power grid and the peak season for electric vehicle sales [1] Group 2 - The domestic copper mining sector's price-to-earnings (PE) ratio has been running between 10-15x over the past three years, with a continuous increase in valuation this year due to declining supply growth and strong domestic demand [1] - It is expected that the copper price will reach $10,500 per ton in Q3-Q4 of this year, driven by improved supply-demand dynamics and macroeconomic support, which will enhance corporate profit expectations [1] - The disparity in valuation between domestic and international sectors is anticipated to narrow as perceptions of supply shortages and demand growth improve, with domestic valuations expected to rise to 15-20x [1] Group 3 - Related companies in the copper mining sector listed on the Hong Kong Stock Exchange include Luoyang Molybdenum (03993), Zijin Mining (02899), China Nonferrous Mining (01258), Minmetals Resources (01208), Jiangxi Copper (00358), and China Railway (00390) [2]

Summary of Conference Call on Cobalt Sector Industry Overview - The cobalt sector is currently experiencing a price increase trend, supported by Glencore's backing of the Democratic Republic of Congo's (DRC) quota system to enhance cobalt prices, with a significant policy announcement expected on September 22, 2025 [1][2] - Cobalt intermediate prices have seen a slight increase since June 22, 2025, from $13 per pound to $13.7 per pound, but the price rise is limited due to high industry inventory levels [3] Key Points and Arguments - Glencore has ceased external sales of cobalt intermediates to control supply and drive prices up, indicating a potential favorable policy outcome for prices [2] - The DRC's extended export ban could prolong transportation cycles, potentially leading to a supply chain disruption if exports do not resume by late October or November 2025 [6] - Current domestic inventory levels are precarious, with an estimated 40,000 to 50,000 tons remaining by the end of 2025, concentrated in a few major companies [5][6] - The cobalt price trend for 2025 is optimistic, with companies like Huayou, Tengyuan, and Hanrui expected to perform well, particularly after the policy announcement [10] Company Performance - Huayou and Tengyuan are highlighted as reliable investments due to their strong earnings potential, with Huayou benefiting from its Indonesian MHP project [10][13] - Luoyang Molybdenum (Luomoly) is viewed as less favorable for cobalt investments compared to Huayou, Tengyuan, and Hanrui, as its price increase has been limited [11] - Rio Tinto Resources, listed in Hong Kong, achieved a profit of 1.4 billion yuan in the first half of 2025 despite low nickel prices, with an expected annual profit of 3 billion yuan, making it an attractive investment due to its low valuation [12] Additional Insights - The lack of significant price increases in cobalt is attributed to the absence of public news stimuli, despite expectations of an extended export ban [9] - The market is advised to closely monitor Glencore's sales policies as they will significantly influence price movements [7][8] - The overall recommendation is to invest in Huayou, Tengyuan, and Hanrui, while also considering Rio Tinto Resources for its low valuation and potential growth [13]