Core Viewpoint - The significant increase in international copper prices in 2024 has led to a substantial enhancement in the profitability of upstream enterprises in the industry [1] Group 1: Company Performance - Luoyang Molybdenum Co., Ltd. (洛阳钼业) expects a net profit attributable to shareholders of 12.8 billion to 14.2 billion yuan for 2024, representing a year-on-year growth of 55.15% to 72.12% [1] - The company anticipates a non-recurring net profit of 12.4 billion to 13.8 billion yuan for 2024, an increase of 6.167 billion to 7.567 billion yuan compared to the previous year, reflecting a year-on-year growth of 98.94% to 121.4% [1] - The increase in performance is attributed to a significant rise in the production and sales of copper and cobalt, alongside higher copper prices and effective cost reduction measures [1] Group 2: Production Capacity - In 2024, Luoyang Molybdenum's copper production is expected to exceed 650,000 tons, a year-on-year increase of 55%, surpassing previous market expectations [1] - Cobalt production, as a by-product of copper, is projected to reach 114,000 tons, marking a year-on-year growth of 106% [1] - The company operates two world-class mines in the Democratic Republic of Congo (DRC), TFM and KFM, with TFM capable of producing 450,000 tons of copper and 37,000 tons of cobalt annually, while KFM has a capacity of 150,000 tons of copper and over 50,000 tons of cobalt [2] Group 3: Future Outlook - For 2025, the company has set production guidance of 600,000 to 660,000 tons of copper, 100,000 to 120,000 tons of cobalt, and other key products including molybdenum, tungsten, niobium, and phosphate [3] - The company is actively advancing exploration efforts at TFM West and KFM Phase II to support its goal of achieving copper production of 800,000 to 1,000,000 tons by 2028 [3]

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"本公司"或"公司"） 第七届董事会第二次临时会议通知于 2025 年 1 月 17 日以电子邮件 方式发出，会议于 2025 年 1 月 22 日以传阅方式召开。会议应参会董 事 8 名，实际参会董事 8 名。本次会议的召集、召开符合相关法律法 规和本公司章程的有关规定，会议决议合法、有效，审议通过了如下 议案： 一、审议通过关于本公司 2025 年度经营计划的议案。 2025年度公司矿业、贸易业务板块主要产品产量、实物贸易量指 引为： | 主要产品 | 单位 | 2025 年产量、实物贸易量指引 | | --- | --- | --- | | 铜金属 | 万吨 | 60～66 | | 钴金属 | 万吨 | 10～12 | | 钼金属 | 万吨 | 1.2～1.5 | | 钨金属 | 万吨 | 0.65～0.75 | | 铌金属 | 万吨 | 0.95～1.05 | 股票代码：603993 股票简称：洛阳钼业 编号：2025—004 洛阳 ...

该议案的表决结果为： 3 票赞成, 0 票反对, 0 票弃权。 特此公告。 一、审议通过关于本公司 2025 年度开展套期保值型期货和衍生 品交易业务的议案。 监事会同意公司使用自有资金开展以套期保值为目的的期货和 衍生品交易业务，该业务中任一交易日占用的保证金和权利金上限 (保证金指：公司衍生品交易合约签署时所需支付的保证金（或保证 金金融机构相对应的授信金额）及尚在存续期且未平仓的衍生品交易 合约已支付及已经确认需补充支付的保证金（或该保证金金融机构相 对应的授信金额）)合计不超过（即任一时点都不超过）公司最近一 期经审计净利润的 30%；或任一交易日持有的最高合约价值上限不超 过公司最近一期经审计净资产的 30%。 期货和衍生品交易额度有效期及授权期限自第七届董事会第二 次临时审议通过之日起 12 个月内有效，上述额度在有效期内可循环 滚动使用。 股票代码：603993 股票简称：洛阳钼业 编号：2025-005 洛阳栾川钼业集团股份有限公司 第七届监事会第四次会议决议公告 本公司监事会及全体监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 ...

Financial Performance Forecast - The company expects a net profit attributable to shareholders for 2024 to be between RMB 12.8 billion and RMB 14.2 billion, an increase of RMB 4.55 billion to RMB 5.95 billion compared to the previous year, representing a year-on-year increase of 55.15% to 72.12%[3]. - The projected net profit attributable to shareholders after deducting non-recurring gains and losses for 2024 is expected to be between RMB 12.4 billion and RMB 13.8 billion, an increase of RMB 6.17 billion to RMB 7.57 billion compared to the previous year, reflecting a year-on-year increase of 98.94% to 121.40%[5]. - The significant year-on-year increase in 2024 performance is primarily due to substantial growth in the sales volume of key products, copper and cobalt, along with rising copper prices and effective cost reduction measures[9]. - The net profit for the previous year (2023) attributable to shareholders was RMB 8.25 billion, and the net profit after deducting non-recurring gains and losses was RMB 6.23 billion[7]. - The company emphasizes that the above forecasts are preliminary calculations and the final audited financial data will be disclosed in the 2024 annual report[11].

Core Viewpoint - Luoyang Molybdenum (603993) expects a significant increase in net profit for the year 2024, projecting a range of 12.8 billion to 14.2 billion yuan, representing a year-on-year growth of 55.15% to 72.12% [1] Group 1 - The substantial year-on-year increase in the company's performance is primarily attributed to a significant rise in the production and sales volume of its main products, copper and cobalt [1] - The increase in copper product prices compared to the previous year also contributed to the profit growth [1] - Cost reduction and efficiency improvement measures have shown notable effectiveness, further enhancing the company's profitability [1]

Investment Rating - The report maintains a "Buy" rating for the company, indicating a potential upside of over 15% relative to the benchmark index [4]. Core Insights - The company has exceeded its production targets for 2024, with copper and cobalt production achieving completion rates of 114.1% and 163.1% respectively [3][4]. - The company aims to increase copper production to 80-100 thousand tons and cobalt production to 9-10 thousand tons by 2028, with a projected CAGR of 11.4% for copper from 2024 to 2028 [3][4]. - The company’s net profit forecasts for 2024-2026 are 11.36 billion, 13.52 billion, and 14.22 billion yuan respectively, with corresponding EPS of 0.53, 0.63, and 0.66 yuan [3][4]. Production and Financial Performance - In 2024, the company expects to produce 65.0 thousand tons of copper and 11.4 thousand tons of cobalt, representing year-on-year growth of 55% and 106% respectively [1][2]. - The company’s production capacity is bolstered by its world-class copper mines in the Democratic Republic of Congo, with annual copper production capacity reaching 450 thousand tons [2][3]. - The company’s revenue for 2024 is projected at 211.21 billion yuan, reflecting a growth rate of 13.4% [4][6]. Financial Metrics - The company’s net profit margin is expected to improve from 4.43% in 2023 to 5.38% in 2024, with a projected net profit growth rate of 37.66% for the same year [7]. - The PE ratio is forecasted to decrease from 18 in 2023 to 10 by 2026, indicating an attractive valuation as earnings grow [7]. - The company’s total assets are projected to increase from 172.975 billion yuan in 2023 to 208.798 billion yuan by 2026 [6][7].

股票代码：603993 股票简称：洛阳钼业 编号：2024—059 洛阳栾川钼业集团股份有限公司 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43.6亿元的担保。 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28.62%。敬请投资者注意相关风险。 2024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、控股子公司合计提供最高余 额不超过人民币750亿（或等值外币）担保额度，其中对资产负债率 超过70%的被担保对象的担保额度为550亿，对资产负债率不超过70% 的被担保对象的担保额度为200亿；前述担保主要包括但不限于：境 内外金融机构申请的贷款、债券发行、银行承兑汇票、 ...

Group 1 - Shandong Molybdenum Holdings Co., Ltd. has been established with a registered capital of 10 million yuan [1] - The legal representative of the company is Luo Yunxiang [1] - The business scope includes construction machinery and equipment leasing, hotel management, catering management, software development, and import and export of goods [1] Group 2 - The company is wholly owned by Luoyang Molybdenum Co., Ltd. [2]

证券代码：603993 证券简称：洛阳钼业 公告编号：2024-055 洛阳栾川钼业集团股份有限公司 2024 年第一次临时股东大会、 2024 年第一次 A 股类别股东大会 及 2024 年第一次 H 股类别股东大会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 出席 2024 | 年第一次临时股东大会的普通股股东其持有股份情况 | | --- | --- | | 1、出席会议的股东和代理人人数 | 5,498 | (一) 股东大会召开的时间：2024 年 12 月 10 日 (二) 股东大会召开的地点：河南省洛阳市洛龙区洛阳国际大酒店 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 其中：A 股股东人数 | 5,496 | | --- | --- | | 境外上市外资股股东人数（H 股） | 2 | | 2、出席会议的股东所持有表决权的股份总数（股） | 13,323,561,924 | | 其中：A 股股东持有 ...

一、公司监事辞职的情况说明 洛阳栾川钼业集团股份有限公司（以下简称"公司"）第七届监 事会于近日收到黎宏伟先生的书面辞职报告。黎宏伟先生因工作调 整，申请辞去公司监事职务，鉴于黎宏伟先生的辞职将导致公司监事 会成员低于最低法定人数且职工代表监事人数少于公司监事会成员 的三分之一，其辞职报告将于公司职工代表大会选举产生新的职工代 表监事后生效。 股票代码：603993 股票简称：洛阳钼业 编号：2024—057 洛阳栾川钼业集团股份有限公司 关于选举职工代表监事的公告 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。 二零二四年十二月十日 2 截至本公告披露日，黎宏伟先生未持有公司股份。黎宏伟先生在 担任公司职工代表监事期间勤勉尽责，恪尽职守，公司监事会对其在 任职期间为公司所做出的贡献表示衷心感谢！ 二、补选职工代表监事的情况说明 为保证监事会的正常运作，公司于2024年12月10日召开职工代表 1 大会，会议选举罗云祥先生为公司职工代表监事（简历详见附件）， 其任期自公司职工代表大会审议通过之日起至第七届监事会任期届 满之日 ...