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） 董事名單與其角色和職能 洛陽欒川鉬業集團股份有限公司（「本公司」）董事會（「董事會」）成員載列如下： 執行董事 劉建鋒 （董事長） 闕朝陽 非執行董事 林久新 （副董事長） 蔣理 王開國 顧紅雨 程鈺 1 董事委員會有四個，分別為審計及風險委員會、提名及管治委員會、薪酬委員會 和戰略及可持續發展委員會。下表提供各董事會成員在該等委員會中所擔任的職 位。 | | 審計及風險 | 提名及管治 | | 戰略及 可持續發展 | | --- | --- | --- | --- | --- | | 董事╱董事委員會 | 委員會 | 委員會 | 薪酬委員會 | 委員會 | | 劉建鋒 | | VC | M | C | | 闕朝陽 | | | | M | | 林久新 | | | | M | | 蔣理 | | | | M | | 王開國 | M | C | C | M | | 顧紅雨 | C | M | M | | | 程鈺 | M | M | | | 附註： C－相關董事委員會的主任 M－相關董事委員會的成員 獨立非 ...

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。 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） 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第七屆董事會第七次會 議決議公告》《洛陽欒川鉬業集團股份有限公司關於投資建設剛果（金）KFM二期 工程項目的公告》。 承董事會命 洛陽欒川鉬業集團股份有限公司 劉建鋒 董事長 中華人民共和國河南省洛陽市， 二零二五年十月二十四日 於本公告日期，執行董事為劉建鋒先生及闕朝陽先生；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—054 洛阳栾川钼业集团股份有限公 ...

Core Viewpoint - Company has approved an investment of up to $1.084 billion for the KFM Phase II project in the Democratic Republic of Congo, with a construction period of 2 years and expected completion in 2027 [1] Investment Details - Total investment for the KFM Phase II project is capped at $1.084 billion, which includes $859 million for engineering costs, $109 million for other construction expenses, and $116 million for contingency funds [1] - Funding sources for the project will be from the company's own funds and self-raised capital [1] Production Capacity - The project is expected to increase the ore processing capacity by 7.26 million tons per year, with an anticipated average annual production of 100,000 tons of copper metal upon reaching full capacity in 2027 [1]

Core Insights - Luoyang Molybdenum's Q3 net profit attributable to shareholders surged by 96.4% year-on-year, reaching a historical high for the same period, driven by soaring copper and cobalt metal prices [1][2] - However, the company's operating revenue declined, primarily due to metal price fluctuations and a decrease in sales volume for certain products [1] Financial Performance - Q3 operating revenue was 50.713 billion yuan, a decrease of 2.36% year-on-year; revenue for the first three quarters was 145.49 billion yuan, down 5.99% year-on-year [2] - Q3 net profit attributable to shareholders was 5.608 billion yuan, a year-on-year increase of 96.4%; net profit for the first three quarters was 14.28 billion yuan, up 72.61% year-on-year [2] - Operating cash flow was 15.86 billion yuan, a decline of 8.2% year-on-year, mainly due to capital tied up in trade operations [2] - Weighted average ROE reached 18.65%, an increase of 5.17 percentage points year-on-year [2] Core Business Progress - Copper business: Production was 543,000 tons (+14.14%), sales were 520,000 tons (+10.56%), and gross margin was 54.07% (+1.73 percentage points) [2][4] - Cobalt business: Production was 88,000 tons (+3.84%), sales were 51,000 tons (-36.08%), and gross margin significantly increased by 26.97 percentage points to 63.46% [2][4] - Trade segment: Sales of refined metal products decreased by 54.43%, with a gross margin of only 0.34% [2][4] Strategic Developments - KFM Phase II project approved with an investment of 1.084 billion USD, expected to be operational by 2027, adding 100,000 tons/year of copper capacity [2][4] - TFM mine became the first in Africa to receive copper certification, with all assessments indicating "fully compliant" [2] - Launch of H-share restricted stock incentive plan, proposing to grant up to 393 million shares [2] Profit Drivers - The core driver for the 64.37% year-on-year growth in total profit was attributed to the rise in major product prices, coupled with increased copper production and sales [3] Product Structure Insights - The copper segment contributed the largest revenue increase, with revenue for the first three quarters at 38.62 billion yuan, a year-on-year increase of 25.67% [4] - Despite a 7.79% year-on-year decline in cobalt revenue, the gross margin surged from 36.49% to 63.46% [4] - Trade business faced challenges, with refined metal product sales down 54.43% and revenue down 21.54% to 72.17 billion yuan [4] Other Concerns - Fair value changes resulted in a loss of 2.39 billion yuan, an improvement from a loss of 3.59 billion yuan in the previous year [6] - Short-term borrowings increased from 13.96 billion yuan to 21.73 billion yuan, a rise of 55.6%, while long-term borrowings decreased from 9.33 billion yuan to 2.55 billion yuan [6] - Tax liabilities increased by 30.5% year-on-year to 7.21 billion yuan, indicating rising tax burden [6] - Other non-current liabilities stood at 18.15 billion yuan, primarily related to deferred liabilities for the TFM project, posing future cash flow risks [6]

Core Viewpoint - Company plans to invest in the KFM Phase II project in the Democratic Republic of Congo to enhance resource development and synergy with existing projects [1] Group 1: Project Details - Company indirectly holds a 71.25% stake in the KFM mine, which is one of the world's largest and highest-grade operating projects [1] - The KFM project is planned to be developed in two phases, with Phase I having reached production in 2023 [1] Group 2: Investment Plan - The investment for the KFM Phase II project is approved by the company's board, with a total investment not exceeding $1.084 billion [1] - Breakdown of the investment includes $859 million for engineering costs, $109 million for other construction costs, and $116 million for contingency funds [1] - Funding for the project will come from the company's own funds and self-raised capital [1]

Core Viewpoint - Luoyang Molybdenum Co., Ltd. reported a decline in revenue for the third quarter while achieving significant growth in net profit and earnings per share [1] Financial Performance - The company achieved an operating revenue of 50.713 billion yuan, a year-on-year decrease of 2.36% [1] - The net profit attributable to shareholders was 5.608 billion yuan, reflecting a year-on-year increase of 96.40% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 5.813 billion yuan, showing a year-on-year growth of 98.63% [1] - The basic earnings per share were reported at 0.26 yuan [1]

Core Viewpoint - Luoyang Molybdenum's Q3 report shows significant growth in revenue and profit, driven by strong copper production and prices, alongside strategic investments in resource development [1][2][3] Financial Performance - For the first three quarters, the company achieved a revenue of 145.485 billion yuan and a net profit of 14.28 billion yuan, marking a year-on-year increase of 72.61% [1] - Q3 alone saw a profit of 5.608 billion yuan, up 96.4% year-on-year [1] - Basic earnings per share reached 0.67 yuan, with operating cash flow of 15.864 billion yuan [1] - Total assets grew by 8.2% year-on-year to 184.191 billion yuan [1] Production and Sales - Copper production reached 543,400 tons, a 14.14% increase, with sales of 520,300 tons, up 10.56% [1] - The mining segment generated 56.594 billion yuan in revenue, accounting for nearly 40% of total revenue [1] - The copper segment's revenue was 38.618 billion yuan, representing over 68% of mining revenue, with a 3% quarter-on-quarter increase [1] Other Commodities and Trade - Production of cobalt, molybdenum, tungsten, niobium, and phosphate exceeded targets, with completion rates of 79.98%, 78.60%, 85.71%, 78.41%, and 79.37% respectively [2] - The IXM trading segment achieved a physical trade volume of 3.3311 million tons, with a completion rate of 78.38% [2] - Operating costs decreased by 10.94% year-on-year [2] ESG Performance - The company maintained an AA rating in MSCI ESG performance for three consecutive years, ranking in the top 11% of the non-ferrous metals industry [2] - TFM mine successfully passed The Copper Mark re-audit, becoming the first mine in Africa to fully meet all standards [2] Strategic Developments - The company plans to invest 1.084 billion USD in the KFM Phase II project in the Democratic Republic of Congo, expected to be completed by 2027, with an additional processing capacity of 7.26 million tons per year [2][3] - Key management changes include the appointment of Peng Xuhui as CEO and Branko Buhavac as Vice President, aiming to enhance operational efficiency and attract global talent [3] - The company ranked 12th in the latest global mining company list by market value, and 2nd among Chinese mining companies [3]

Core Viewpoint - The A-share market experienced a significant rebound, with the Shanghai Composite Index reaching a 10-year high, driven by the strong performance of the non-ferrous metals sector, particularly highlighted by the performance of Luoyang Molybdenum Co., Ltd. [1][4] Company Summary - Luoyang Molybdenum reported a net profit attributable to shareholders of 5.608 billion yuan for Q3, marking a year-on-year increase of 96.4%, while total revenue was 50.713 billion yuan, a decrease of 2.36% [1] - For the first three quarters, the company achieved a net profit of 14.28 billion yuan, up 72.61% year-on-year, with total revenue of 145.485 billion yuan, down 5.99% [1] - The company announced plans to invest 1.084 billion USD in the KFM Phase II project in the Democratic Republic of the Congo, expected to be completed by 2027, which will increase ore processing capacity by 7.26 million tons per year and add an average of 100,000 tons of copper metal annually [1] Industry Summary - The non-ferrous metals sector is experiencing a strong rebound, supported by macroeconomic policies and strategic resource positioning, despite recent fluctuations in gold and copper prices [4][5] - The sector is expected to benefit from a combination of supply-side constraints, new demand drivers, and a favorable economic cycle, with a focus on long-term investment opportunities [4][5] - The non-ferrous metals ETF (159652) has a high concentration of strategic metals, with a copper content of 33% and gold content of 14%, making it a leading choice in the sector [6][7] - The ETF has shown superior performance with a cumulative return of 116.5% since 2022, driven by profit growth rather than valuation expansion, indicating a strong earnings-driven growth phase [8][11]

Core Viewpoint - Luoyang Molybdenum's Q3 revenue decreased by 2.36% year-on-year, while net profit increased by 96.40% year-on-year, indicating strong profitability despite declining revenue [1] Financial Performance - Q3 revenue was 50.713 billion yuan, down from the previous year [1] - Net profit attributable to shareholders was 5.608 billion yuan, showing a significant increase compared to the same period last year [1] - For the first three quarters, total revenue reached 145.485 billion yuan, a decline of 5.99% year-on-year [1] - Net profit for the first three quarters was 14.280 billion yuan, reflecting a growth of 72.61% year-on-year [1] Product Performance - The increase in net profit is attributed to the rise in prices of major products and growth in copper product sales and production [1]

Group 1 - The company announced the resignation of Mr. Sun Ruiwen as President and Executive Director due to personal reasons, and Mr. Kenny Ives resigned as Vice President and Chief Commercial Officer to spend more time with family [1] - Mr. Peng Xuhui has been appointed as the new President and CEO, while Mr. Branko Buhavac has been appointed as the new Vice President and Chief Commercial Officer [1] - As of the first half of 2025, the company's revenue composition is as follows: mineral trading accounts for 86.87%, mining and processing accounts for 41.58%, other businesses account for 0.11%, and internal transactions offset by -28.56% [1] Group 2 - The company's market capitalization is currently 359 billion yuan [1]