摩根士丹利发表报告指，洛阳钼业发盈喜，预计2025年净利润为200亿至208亿元，按年增长48%至 54%，符合市场预期的202亿元。单计去年第四季净利润介乎57至65亿元，按季升2%至16%。管理层表 示，业绩理想主要受惠于产量及价格同步上升，加上成本控制得宜。公司计划2026年铜产量为76万至82 万吨，按中位数计算按年增长7%；并计划每年来自新收购巴西金矿的黄金产量为6吨至8吨，目标今年 第一季完成收购。该行现予洛阳钼业H股目标价23.2港元，洛阳钼业A股目标价22.5元，均予"增持"评 级。 ...

消息面上，1月15日晚，洛阳钼业发布公告，预计2025年度实现归属于公司股东的净利润为人民币200亿 元到人民币208亿元，与上年同期相比，将增加人民币64.68亿元到人民币72.68亿元，同比增加47.80% 到53.71%。 预计2025年度实现归属于公司股东的扣除非经常性损益的净利润为人民币204亿元到人民币212亿元，与 上年同期相比，将增加人民币72.81亿元到人民币80.81亿元，同比增加55.50%到61.60%。 洛阳钼业（603993）(03993)涨超3%，截至发稿，涨3.48%，报23.12港元，成交额3.76亿港元。 ...

预计2025年度实现归属于公司股东的扣除非经常性损益的净利润为人民币204亿元到人民币212亿元，与 上年同期相比，将增加人民币72.81亿元到人民币80.81亿元，同比增加55.50%到61.60%。 消息面上，1月15日晚，洛阳钼业发布公告，预计2025年度实现归属于公司股东的净利润为人民币200亿 元到人民币208亿元，与上年同期相比，将增加人民币64.68亿元到人民币72.68亿元，同比增加47.80% 到53.71%。 智通财经APP获悉，洛阳钼业(03993)涨超3%，截至发稿，涨3.48%，报23.12港元，成交额3.76亿港元。 ...

Core Viewpoint - The non-ferrous metal sector is experiencing a strong upward trend, with significant inflows into related ETFs, indicating robust investor interest and potential for continued growth [1][12]. Group 1: Market Performance - The popular non-ferrous ETF, Huabao (159876), saw an intraday increase of 2.2%, currently up 1.41%, reaching a new high since its listing [1][12]. - As of January 15, the latest scale of Huabao ETF reached 1.453 billion, marking a historical peak and ranking first among three ETFs tracking the China Nonferrous Metals Index [1][12]. - The ETF has attracted a net subscription of 50.4 million units, with a total net inflow of 473 million over the past ten days [1][12]. Group 2: Stock Performance - Leading stocks in the sector include Hunan Silver, which surged over 6%, along with Chihong Zn & Ge, Jiangxi Copper, and Jinchuan Group, all rising more than 5% [4][15]. - Other notable performers include Western Mining and Zhongjin Lingnan, both showing positive gains [4][15]. Group 3: Industry Outlook - Analysts predict that the non-ferrous metal sector will continue to thrive due to multiple factors, including global capital expenditure cycles, manufacturing recovery, and improved domestic macro expectations [5][16]. - The sector is expected to enter a bull market by 2026, driven by a confluence of monetary, demand, and supply factors [5][16]. - The demand for strategic metals is anticipated to rise significantly, influenced by new technologies and geopolitical factors, with a focus on metals used in military applications [3][16]. Group 4: Copper Market Insights - China Galaxy Securities suggests that copper prices have substantial upward potential, as historical analysis shows that current prices, adjusted for inflation, have not reached previous supercycle highs [3][14]. - The ongoing reshaping of the international monetary order and the low copper-to-gold ratio indicate a favorable environment for copper investments [3][14]. - The convergence of the AI technology revolution and global order restructuring is expected to create a new supercycle for copper [3][14].

公司发布的三季报数据显示，前三季度公司共实现营业收入1454.85亿元，同比下降5.99%，实现净利润 142.80亿元，同比增长72.61%，基本每股收益为0.6700元，加权平均净资产收益率18.65%。 1月16日公司发布2025年业绩预告，预计实现净利润200.00亿元至208.00亿元，同比变动区间为 47.80%~53.71%。（数据宝） （文章来源：证券时报网） 洛阳钼业股价再创历史新高，该股近期呈不断突破新高之势，近一个月累计有13个交易日股价刷新历史 纪录。截至09:36，该股目前上涨2.37%，股价报24.62元，成交4487.31万股，成交金额10.95亿元，换手 率0.26%，该股最新A股总市值达4298.86亿元，该股A股流通市值4298.86亿元。 证券时报·数据宝统计显示，洛阳钼业所属的有色金属行业，目前整体涨幅为1.91%，行业内，目前股价 上涨的有120只，涨幅居前的有湖南白银、天力复合、锌业股份等，涨幅分别为8.16%、8.10%、 7.25%。股价下跌的有18只，跌幅居前的有华锡有色、丽岛新材、江南新材等，跌幅分别为1.38%、 1.21%、0.99%。 两融数据显示，该 ...

Core Viewpoint - Luoyang Molybdenum Co., Ltd. shows strong trading activity with significant financing and margin trading, indicating investor interest despite a slight decline in revenue year-on-year [1][2]. Financing Activity - On January 15, Luoyang Molybdenum's stock rose by 3.22% with a trading volume of 7.304 billion yuan - The financing buy-in amount for the day was 644 million yuan, while financing repayment was 588 million yuan, resulting in a net financing buy of 55.69 million yuan - As of January 15, the total financing and margin trading balance reached 4.155 billion yuan, with the financing balance at 4.123 billion yuan, accounting for 0.98% of the circulating market value, which is above the 90th percentile of the past year [1]. Margin Trading - On January 15, Luoyang Molybdenum had a margin repayment of 44,400 shares and a margin sell of 106,400 shares, with a selling amount of approximately 2.5589 million yuan based on the closing price - The remaining margin balance was 1.3074 million shares, with a margin balance of 31.443 million yuan, also exceeding the 90th percentile of the past year [1]. Company Overview - Luoyang Molybdenum, established on December 22, 1999, and listed on October 9, 2012, is primarily engaged 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]. Financial Performance - For the period from January to September 2025, Luoyang Molybdenum reported a revenue of 145.485 billion yuan, a year-on-year decrease of 5.99% - The net profit attributable to shareholders was 14.280 billion yuan, reflecting a year-on-year increase of 72.61% [2]. Dividend Distribution - 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]. Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited as the fourth largest shareholder with 669.5 million shares, an increase of 47.472 million shares from the previous period - Other notable shareholders include Huaxia SSE 50 ETF and Huatai-PB CSI 300 ETF, with varying changes in their holdings [3].

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 洛阳钼业（03993）发布公告，预计2025年度实现归属于公司股东的净利润为人民币200亿元到人民币 208亿元，与上年同期相比，将增加人民币64.68亿元到人民币72.68亿元，同比增加47.80%到53.71%。 预计2025年度实现归属于公司股东的扣除非经常性损益的净利润为人民币204亿元到人民币212亿元，与 上年同期相比，将增加人民币72.81亿元到人民币80.81亿元，同比增加55.50%到61.60%。 公司2025年度业绩同比大幅上升的原因系公司主要产品销量及价格双双上升，叠加营运成本有效控制。 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 洛阳钼业（03993）发布公告，预计2025年度实现归属于公司股东的净利润为人民币200亿元到人民币 208亿元，与上年同期相比，将增加人民币64.68亿元到人民币72.68亿元，同比增加47.80%到53.71%。 预计2025年度实现归属于公司股东的扣除非经常性损益的净利润为人民币204亿元到人民币212亿元，与 上年同期相比，将增加人民币72.81亿元到人民币80. ...

Group 1 - The People's Bank of China indicates there is still room for interest rate cuts this year, with the current average reserve requirement ratio at 6.3% [6] - Xiaomi launches a 7-year low-interest car purchase policy for its new electric SUV, with monthly payments starting at 2,593 yuan [10] - The Philippines announces visa-free entry for Chinese citizens starting January 16, 2026, allowing a stay of up to 14 days [10] Group 2 - Xunlei restarts litigation against former CEO Chen Lei, claiming he secretly siphoned off company assets, seeking 200 million yuan in damages [10] - Golden Dragon Fish plans to transfer 50% stakes in its Shanghai and Kunshan subsidiaries to Mars China for a total consideration of 60 million USD [11] - SF Express and Jitu Express announce a strategic mutual shareholding agreement, with a total investment amounting to 8.3 billion HKD [8] Group 3 - Wang's Restaurant announces the closure of 102 stores, representing 30% of its total outlets, while ensuring all employees will receive their wages and customers can refund their prepaid cards [1] - The luxury brand Hermès responds to the controversy over an 18,000 yuan yo-yo, stating it is a new product with thoughtful design [4] - The Louvre Museum increases ticket prices for non-European Economic Area visitors by approximately 45% to fund infrastructure upgrades [13] Group 4 - KKR completes fundraising of 2.5 billion USD for a private credit fund focused on high-quality credit assets in the Asia-Pacific region [21] - TSMC forecasts Q1 2026 revenue between 34.6 billion to 35.8 billion USD, indicating a 4.4% quarter-over-quarter increase [17] - Li Ning reports a low single-digit decline in retail sales for the fourth quarter, with a total of 6,091 sales points in China [18]

Group 1 - TSMC reported a 35% year-on-year increase in net profit for Q4 2025, reaching approximately $16 billion, with a gross margin exceeding 60% for the first time. The company expects a 40% revenue growth in Q1 2026, projecting $35.8 billion in revenue and a 37% increase in annual capital expenditure to $56 billion [2] - Goldman Sachs plans to raise $16 billion through the issuance of investment-grade bonds, marking the largest such issuance in Wall Street history. This transaction is part of three bond issuances launched after the quarterly earnings reports from the six major banks [2] - Boston Scientific announced the acquisition of Penumbra for $14.5 billion, with a per-share price of $374, representing a 19% premium over the pre-acquisition price. The deal aims to enhance the company's cardiovascular product portfolio and strengthen its competitive position in the global medical device market [2] Group 2 - SAIC Motor expects a net profit growth of 438%-558% in 2025, driven by significant increases in electric vehicle sales, supply chain cost optimization, and successful overseas market expansion [5] - Zijin Mining anticipates a net profit of 20 billion to 20.8 billion yuan for 2025, reflecting a year-on-year increase of 47.8% to 53.71%, supported by rising prices and volumes of key products like copper and cobalt [6] - Longpan Technology expects procurement transactions with CATL to reach up to 7 billion yuan in 2026, enhancing strategic cooperation in the new energy supply chain [5] Group 3 - Microsoft has raised $12.5 billion for its AI project in collaboration with BlackRock, aiming for a total of $30 billion, and has signed an AI content training agreement with Wikipedia [8] - Tesla is testing a custom 5G modem with Samsung, expecting to supply it in the first half of the year, while projecting a 59% market share in the U.S. electric vehicle market by 2025 [8] - Morgan Stanley reported Q4 2025 net revenue of $17.89 billion, a 10.3% year-on-year increase, with net profit of $4.4 billion, driven by strong performance in investment banking and wealth management [8]

Core Viewpoint - The company has approved several key resolutions during its board meeting, including production guidance for 2026, investment strategies for idle funds, and financial performance forecasts for 2025, indicating a strong operational outlook and strategic financial management. Group 1: Production and Financial Guidance - The company expects to achieve a net profit attributable to shareholders of between RMB 20 billion and 20.8 billion for 2025, representing an increase of RMB 6.468 billion to 7.268 billion, or a year-on-year growth of 47.80% to 53.71% [27][29] - The expected net profit after deducting non-recurring gains and losses is projected to be between RMB 20.4 billion and 21.2 billion, reflecting an increase of RMB 7.281 billion to 8.081 billion, or a year-on-year growth of 55.50% to 61.60% [27][29] - The significant increase in 2025 performance is attributed to a rise in both volume and price of major products, along with effective cost control [33] Group 2: Investment Strategies - The company plans to use idle funds to purchase structured deposits, with a maximum balance of RMB 20 billion, aiming for higher returns than standard bank deposit rates [5][6] - The company will also invest in high-credit, liquid financial instruments, with a similar maximum investment limit of RMB 20 billion for wealth management or entrusted financial products [10][11] - The board has authorized the management to make decisions regarding these investments within the approved limits, ensuring that daily operational needs and fund safety are prioritized [5][10] Group 3: Risk Management and Financial Stability - The company has approved a plan to engage in futures and derivatives trading to hedge against risks related to commodity prices, exchange rates, and interest rates, with a cap on margin and premium usage not exceeding 30% of the latest audited net profit [39][41] - The trading will be conducted with qualified domestic and international financial institutions, ensuring that the company maintains a robust risk management framework [43][44] - The company has established internal controls and risk assessment measures to monitor and manage potential risks associated with these financial activities [50][51] Group 4: Corporate Governance and Shareholder Engagement - The board has proposed to authorize the distribution of interim and quarterly dividends for 2026, subject to shareholder approval, to enhance operational efficiency [22] - The company has also adjusted the remuneration for independent directors to HKD 500,000 per year, reflecting a commitment to align compensation with industry standards [23] - All resolutions passed during the board meeting require shareholder approval, ensuring transparency and accountability in corporate governance [14][20]