股票代码：603993 股票简称：洛阳钼业 编号：2024—024 洛阳栾川钼业集团股份有限公司 关于公司主体及相关公司债券跟踪评级结果的公告 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。 公司前次评级结果：公司主体信用等级为"AAA"，评级展望为"稳 定"；"20 栾川钼业 MTN001"债项信用等级为"AAA"。评级机构为中 诚信国际，评级时间为 2023 年 5 月 17 日。 中诚信国际在对公司经营状况及相关行业进行综合分析与评估 的基础上，于 2024 年 5 月 22 日出具了《洛阳栾川钼业集团股份有限 公司 2024 年度跟踪评级报告》《洛阳栾川钼业集团股份有限公司 2024 年度债项跟踪评级报告》，维持本公司主体信用等级为 AAA，评级展望 为稳定；维持"20 栾川钼业 MTN001"的债项信用等级为 AAA。 上述信用评级报告全文详见上海证券交易所网站。 特此公告。 洛阳栾川钼业集团股份有限公司董事会 二零二四年五月二十二日 重要内容提示： •前次评级结果：洛阳栾川钼业集团股份有限公司（以下简称"公司"） ...

洛阳栾川钼业集团股份有限公司 跟踪评级报告（2024） 编号：信评委函字[2024]跟踪 0241 号 洛阳栾川钼业集团股份有限公司 跟踪评级报告（2024） 声 明 本次评级为委托评级，中诚信国际及其评估人员与评级委托方、评级对象不存在任何其他影响本次评级行为独立、 客观、公正的关联关系。 中诚信国际信用评级有限责任公司 2024 年 5 月 22 日 2 本次评级依据评级对象提供或已经正式对外公布的信息，以及其他根据监管规定收集的信息，中诚信国际按照相 关性、及时性、可靠性的原则对评级信息进行审慎分析，但中诚信国际对于相关信息的合法性、真实性、完整性、 准确性不作任何保证。 中诚信国际及项目人员履行了尽职调查和诚信义务，有充分理由保证本次评级遵循了真实、客观、公正的原则。 评级报告的评级结论是中诚信国际依据合理的内部信用评级标准和方法、评级程序做出的独立判断，未受评级委 托方、评级对象和其他第三方的干预和影响。 本评级报告对评级对象信用状况的任何表述和判断仅作为相关决策参考之用，并不意味着中诚信国际实质性建议 任何使用人据此报告采取投资、借贷等交易行为，也不能作为任何人购买、出售或持有相关金融产品的依据。 ...

股票代码：603993 股票简称：洛阳钼业 编号：2024-023 洛阳栾川钼业集团股份有限公司 澄清公告 国际贸易公司在现货贸易中通过期货方式对冲市场风险是行业 通行做法。在一个市场买入，并以相同数量在另一个市场卖出的对冲 交易策略也是国际贸易公司的正常业务模式。 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个别及连带责任。 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。 洛阳栾川钼业集团股份有限公司(以下简称"洛阳钼业"或"公 司")关注到媒体关于旗下贸易公司 IXM 的相关报道，公司回应如下： 洛阳栾川钼业集团股份有限公司董事会 二零二四年五月十六日 全资子公司 IXM 是世界级金属贸易平台，作为全球重要的大宗商 品贸易商在全球销售公司的产品，包括公司 100%的自产铜产品，同时 IXM 也交易大量的第三方金属和精矿产品。IXM 对金属贸易进行了 100% 的对冲，以降低其商业活动中的价格风险。IXM 根据其全球实货贸易 的需要，利用全球各主 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) with a target price of 11.02 CNY, based on the current price of 8.83 CNY [2]. Core Views - The company reported significant growth in copper and cobalt production and sales in Q1 2024, with expectations for continued volume and price increases throughout the year [3][4]. - The company is optimistic about future copper price trends, supported by a widening supply-demand gap in 2024, which is expected to enhance profit elasticity [5]. - Cobalt prices have reached historical lows, but the company's cobalt gross margin remains stable, with expectations for demand growth driven by policies supporting new energy vehicles [6]. Financial Performance - In Q1 2024, the company achieved operating revenue of 46.121 billion CNY, a year-on-year increase of 4.15%. The net profit attributable to shareholders was 2.072 billion CNY, up 553.28% year-on-year, while the net profit excluding non-recurring items reached 2.091 billion CNY, reflecting a staggering increase of 3082.87% [3]. - The production volumes for copper and cobalt in Q1 2024 were 147,500 tons and 25,200 tons, respectively, representing year-on-year increases of 122.9% and 392.2%. Sales volumes for copper and cobalt were 125,500 tons and 24,300 tons, showing year-on-year growth of 4361% and 2387% [4]. - The company expects net profits for 2024-2026 to be 10.101 billion CNY, 11.524 billion CNY, and 12.604 billion CNY, respectively, with year-on-year growth rates of 22.44%, 14.09%, and 9.37% [7]. Valuation and Estimates - The company is projected to have an EPS of 0.47 CNY, 0.53 CNY, and 0.58 CNY for 2024, 2025, and 2026, respectively [7]. - The estimated P/E ratio for 2024 is 23.56, leading to a target price of 11.02 CNY, maintaining a "Buy" rating based on significant expected growth in copper production and favorable market conditions [7].

证券代码：603993 证券简称：洛阳钼业 公告编号：2024-022 洛阳栾川钼业集团股份有限公司 关于召开 2023 年年度股东大会的通知 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、 召开会议的基本情况 召开的日期时间：2024 年 6 月 7 日 13 点 00 分 召开地点：河南省洛阳市洛龙区开元大道洛阳钼都国际饭店 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2024 年 6 月 7 日 至 2024 年 6 月 7 日 股东大会召开日期：2024年6月7日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (一) 股东大会类型和届次 2023 年年度股东大会 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易 ...

2023 年年度股东大会会议资料 （SSE：603993 HKEX：03993） 洛阳栾川钼业集团股份有限公司 2023 年年度股东大会会议资料 二零二四年五月七日 | | | | 2023 年年度股东大会大会须知 - 1 - | | --- | | 2023 年年度股东大会会议议程 - 3 - | | 关于本公司使用闲置自有资金购买结构性存款计划的议案 - 4 - | | 关于本公司使用闲置自有资金购买理财或委托理财产品的议案 - 6 - | | 关于本公司 2024 年对外担保额度预计的议案 - 9 - | | 关于本公司没收 H 股股东未领取的 2016 年股息的议案 - 12 - | | 关于给予董事会决定发行债务融资工具授权的议案 - 13 - | | 关于给予董事会派发 2024 年度中期及季度股息授权的议案 - 17 - | | 关于给予董事会增发公司 A 股及/或 H 股股份一般性授权的议案 - 18 - | | 关于给予董事会回购 H 股股份一般性授权的议案 - 21 - | | 关于本公司《2023 年度董事会报告》的议案 - 24 - | | 关于本公司《2023 年度监事会报告》的议案 ...

截至月份: 2024年4月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 洛陽欒川鉬業集團股份有限公司 呈交日期: 2024年5月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 | 03993 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 3,933,468,000 | RMB | | 0.2 RMB | | 786,693,600 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 3,933,468,000 | RMB | | 0.2 RMB | | 786,693,600 | | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | ...

Investment Rating - The report maintains a "Recommended" rating for the company, with an expected EPS of 0.56, 0.60, and 0.68 for 2024, 2025, and 2026 respectively, corresponding to PE ratios of 16X, 15X, and 13X based on the latest stock price [2][23][27]. Core Views - The company reported Q1 2024 revenue of 46.12 billion yuan, a year-on-year increase of 4.2%, and a net profit attributable to shareholders of 2.07 billion yuan, reflecting a significant year-on-year growth of 553% [1][7][31]. - Copper and cobalt production exceeded expectations, with Q1 2024 copper and cobalt output increasing by 123% and 392% year-on-year, reaching 147,000 tons and 25,000 tons respectively [1][16][23]. - The company aims to achieve a copper production target of 800,000 to 1,000,000 tons and cobalt production of 90,000 to 100,000 tons by 2028, with significant contributions expected from the TFM and KFM projects [23][26]. Summary by Sections Q1 2024 Performance - The company achieved a revenue of 46.12 billion yuan in Q1 2024, with a net profit of 2.07 billion yuan, marking a 553% increase year-on-year and a 64.3% decrease quarter-on-quarter [1][7][31]. - The significant year-on-year profit growth was attributed to a 41 billion yuan increase in gross profit [1][11]. Production and Sales - Q1 2024 copper and cobalt production reached 147,000 tons and 25,000 tons, respectively, with year-on-year increases of 123% and 392% [1][16][23]. - The actual copper sales volume was 126,000 tons, down from the previous quarter due to inventory adjustments [1][11]. Price Trends - In Q1 2024, copper and cobalt prices were reported at 8,438 USD/ton and 13.5 USD/pound, reflecting a year-on-year decline of 5.5% and 20.5% respectively [1][18][19]. Future Outlook - The company has set a production guidance for 2024 of 520,000 to 570,000 tons of copper and 60,000 to 70,000 tons of cobalt, with a focus on expanding production capacity in Africa [1][23][26]. - The five-year development goal includes achieving annual copper production of 800,000 to 1,000,000 tons and cobalt production of 90,000 to 100,000 tons [23][26].

Investment Rating - The report assigns a "Buy" rating for both A and H shares of the company [4][2]. Core Views - In Q1 2024, the company's net profit attributable to shareholders decreased by 64% quarter-on-quarter to 2.1 billion RMB, which is in line with expectations. The company achieved a revenue of 46.1 billion RMB, a year-on-year increase of 4% but a quarter-on-quarter decrease of 16%. The net profit attributable to shareholders increased by 553% year-on-year but decreased by 64% quarter-on-quarter [2][3]. - The copper and cobalt production in Q1 2024 exceeded expectations, with a quarter-on-quarter increase anticipated in Q2 due to the full production capacity of TFM. The production volumes for copper, cobalt, tungsten, and molybdenum in Q1 2024 were 147,500 tons, 25,202 tons, 1,921 tons, and 3,474 tons, respectively, with quarter-on-quarter increases of 16% and 38% for copper and cobalt [2][3]. - The report forecasts EPS for 2024-2026 to be 0.58, 0.64, and 0.68 RMB per share, respectively, and assigns a 20x PE valuation for 2024, leading to a target price of 11.56 RMB per share for A shares and 9.51 HKD per share for H shares [2][3]. Financial Summary - The company reported a revenue of 172.99 billion RMB in 2022, with a projected increase to 205.63 billion RMB in 2024, reflecting a growth rate of 10.4% [3]. - The net profit attributable to shareholders is expected to rise from 6.07 billion RMB in 2022 to 12.49 billion RMB in 2024, indicating a growth rate of 51.4% [3]. - The company's EBITDA is projected to increase from 17.14 billion RMB in 2022 to 26.73 billion RMB in 2024 [3].

Investment Rating - The report maintains a "Buy" rating for the company [4][20]. Core Views - The company has demonstrated significant growth in Q1 2024, with revenue reaching 46.121 billion yuan, a year-on-year increase of 4.2%, and net profit attributable to shareholders soaring by 553.3% to 2.072 billion yuan [1]. - The successful ramp-up of the TFM mixed ore project has led to a substantial increase in copper and diamond production, with copper output up 122.9% year-on-year to approximately 147,000 tons [1]. - The company's operational model, combining mining and trading, enhances its resource attributes and positions it favorably in the global mineral resource market [1]. Summary by Sections Financial Performance - In Q1 2024, the company achieved a net profit of 2.072 billion yuan, a remarkable increase of 553.3% year-on-year, and a basic earnings per share of 0.10 yuan, up 566.7% [1]. - The company’s revenue for 2024 is projected to be 197.5 billion yuan, with net profit expected to reach 10.013 billion yuan, reflecting a P/E ratio of 19.4 [2][3]. Production Capacity - The TFM and KFM mines have both reached full production capacity, with TFM producing 450,000 tons of copper and 37,000 tons of diamonds annually [1]. - The company anticipates achieving a total copper production of approximately 560,000 tons and diamond production of about 71,000 tons for the year [1]. Market Dynamics - The report highlights a favorable supply-demand dynamic for copper, with supply growth slowing and demand remaining robust due to infrastructure and renewable energy projects in China [2]. - The anticipated upward movement in copper prices is expected to further solidify the company's profitability [2].