Group 1: Event Details - The event is scheduled for June 27, 2019, from 16:00 to 17:30 [2][3] - The event will be conducted via the investor interaction platform (http://rs.p5w.net) [3] Group 2: Participation Information - Participants include Mr. Yue Yuanbin, Secretary of the Board, and Mr. Xu Wenhui, Director of the Board Office [4] - Investors can directly participate by logging into the investor relations interaction platform [4] Group 3: Contact Information - Contact phone number: 0379-68603993 [5] - Contact fax: 0379-68658017 [5] - Contact email: 603993@cmoc.com [5]

Financial Performance - The net profit attributable to shareholders for the year 2018 was RMB 4.6 billion, representing a year-on-year increase of 70%[7]. - The company reported a revenue of RMB 25,962,863 thousand for 2018, representing a 7.52% increase from RMB 24,147,558 thousand in 2017[15]. - Net profit attributable to shareholders increased by 69.94% to RMB 4,635,584 thousand in 2018, compared to RMB 2,727,796 thousand in 2017[15]. - The company achieved an EBITDA of RMB 12,615,392 thousand, reflecting a 10.06% growth from RMB 11,462,407 thousand in the previous year[15]. - The net cash flow from operating activities rose by 11.93% to RMB 9,434,534 thousand, up from RMB 8,428,812 thousand in 2017[15]. - The total comprehensive income for the year was RMB 5,359,795 thousand, an increase of 108.42% from RMB 2,571,573 thousand in 2017[23]. - The company's net profit increased from RMB 3,595,615 thousand in 2017 to RMB 5,150,042 thousand in 2018, representing a growth of RMB 1,554,427 thousand or 43.23%[56]. - The gross profit for the year reached RMB 9,775,201 thousand, an increase of RMB 869,734 thousand compared to the previous year[57]. Operational Efficiency - Operating cash flow reached RMB 9.4 billion, up 12% compared to the previous year[7]. - The company plans to implement a three-year cost reduction and efficiency enhancement action plan across all mining areas[8]. - The company achieved an EBITDA of RMB 12.6 billion, with year-end cash reserves amounting to RMB 26.6 billion and a debt-to-asset ratio of 51%[7]. - The company implemented various technological and process improvement projects in 2018 to enhance operational efficiency and reduce costs[51]. - The company has optimized its governance structure to improve operational management efficiency, which is essential for enhancing industry competitiveness[50]. Market Conditions and Commodity Prices - Average market prices for copper, cobalt, molybdenum, tungsten, and niobium increased by 5.42%, 35.55%, 41.80%, 18.21%, and 23% respectively compared to 2017[7]. - The international market price for copper cathode in 2018 was USD 6,525.68 per ton, up from USD 6,190.00 in 2017[27]. - Cobalt prices reached USD 36.68 per pound in 2018, compared to USD 27.06 in 2017, reflecting a significant increase[27]. - The cobalt market is expected to experience a downward price trend in the first half of 2019 due to oversupply, with prices anticipated to fluctuate between USD 20 and 30 per pound[40]. - The average price of molybdenum concentrate in 2018 was RMB 1,737.00 per ton, a 41.80% increase from RMB 1,225.00 in 2017[26]. Production and Resource Management - The company plans to achieve a copper metal production target of 170,000 to 200,000 tons and cobalt metal production of 16,500 to 19,000 tons in 2019[54]. - The TFM copper-cobalt mine achieved a copper metal production of 168,309 tons and a C1 cash cost of -0.31 USD/lb, with cobalt metal production at 18,747 tons[45]. - The molybdenum segment produced 15,380 tons of molybdenum metal with a unit cash production cost of RMB 64,467/ton, while tungsten metal production reached 11,697 tons at a unit cash production cost of RMB 21,937/ton[46]. - The company has a total of 468.33 million tons of molybdenum resources at the Sandaozhuang Molybdenum-Tungsten Mine, with a recoverable reserve of 244.76 million tons[85]. - The Congo (Kinshasa) TFM copper-cobalt mine has 824.6 million tons of copper resources with a grade of 2.95% and recoverable reserves of 177.7 million tons[85]. Strategic Initiatives - The company is actively pursuing resource acquisitions and prioritizing investments in quality mature resource projects in politically stable regions[5]. - The company completed the acquisition of IXM, the world's third-largest base metals trader, expected to enhance its trading business significantly[12]. - The company aims to maintain competitive cost advantages while optimizing its balance sheet and financing structure[5]. - The company is committed to green development and has invested significantly in environmental protection measures[7]. - The company plans to enhance its corporate culture with a focus on "elite management, cost control, continuous improvement, and results sharing" to drive performance[11]. Governance and Compliance - The company received a BBB rating from MSCI for its first comprehensive ESG report, marking a significant achievement in corporate governance[12]. - The company has complied with the corporate governance code as per the Hong Kong Listing Rules, with a commitment to high standards of corporate governance[122]. - The board consists of eight members, including two executive directors, three non-executive directors, and three independent non-executive directors[126]. - The company has implemented written guidelines for employees regarding securities trading, ensuring compliance with the established standards[140]. - The company emphasizes the importance of training and development for directors to maintain operational efficiency and competitiveness[151]. Risk Management - The company faces policy risks due to varying political and economic conditions in countries where it operates, such as Congo (DRC) and Brazil[118]. - The company has purchased overseas equity investment insurance for its Congo (Kinshasa) project to mitigate risks including exchange restrictions, expropriation, and political unrest[119]. - The company has hedged interest rate risks on $1.1 billion of acquisition loans using interest rate swap tools[116]. - The company has hedged foreign exchange risks related to 133.91 million CNY and 160 million EUR in its Brazilian operations[117]. - The company is actively monitoring changes in the mining environment in the Democratic Republic of Congo due to conflicts with the new mining law and existing agreements[109].

Financial Performance - Operating revenue for the first nine months reached CNY 20,083,814 thousand, representing a year-on-year increase of 13.43%[7] - Net profit attributable to shareholders surged to CNY 4,136,840 thousand, marking a significant increase of 155.92% compared to the same period last year[7] - Cash flow from operating activities amounted to CNY 8,195,409 thousand, up 44.63% year-on-year[7] - Basic earnings per share improved to CNY 0.19, reflecting an increase of 111.11%[7] - Net profit for the first nine months of 2018 was RMB 1,609,138,000, up 117.0% from RMB 740,403,000 year-on-year[32] - Total revenue for the third quarter of 2018 was CNY 6,024,018 thousand, a slight decrease from CNY 6,051,591 thousand in the same period last year[30] - Net profit for the third quarter reached CNY 1,077,375 thousand, an increase from CNY 925,128 thousand year-over-year[31] Assets and Liabilities - Total assets increased to CNY 104,567,978 thousand, a growth of 6.88% compared to the end of the previous year[7] - Total assets at the end of the third quarter amounted to CNY 48,430,560 thousand, up from CNY 46,669,085 thousand at the beginning of the year[30] - Current liabilities increased to CNY 10,089,367 thousand from CNY 6,123,922 thousand at the start of the year[30] - The total liabilities decreased to CNY 12,554,313 thousand from CNY 10,753,506 thousand at the beginning of the year[30] Shareholder Information - The total number of shareholders reached 336,265, indicating a broad base of ownership[11] - The top shareholder, Hongshang Industrial Holding Group, holds 24.69% of the shares, with a total of 533,322 thousand shares[11] Cash and Cash Equivalents - The company's cash and cash equivalents increased to CNY 29,406,854 thousand from CNY 26,508,760 thousand[25] - Cash and cash equivalents rose to CNY 18,398,114 thousand from CNY 17,487,231 thousand at the beginning of the year[29] - Cash and cash equivalents at the end of the reporting period totaled RMB 23,679,016,000, compared to RMB 18,755,215,000 at the end of the previous year[34] Research and Development - Research and development expenses rose by 103.22% to CNY 136,387 thousand, reflecting increased investment in R&D[17] - Research and development expenses for the third quarter were CNY 64,321 thousand, significantly higher than CNY 33,831 thousand in the same period last year[31] - Research and development expenses increased to RMB 124,425,000, a 94.3% rise compared to RMB 63,970,000 in the previous year[32] Investment and Financing Activities - Long-term equity investments increased by 125.05% to CNY 2,557,403 thousand, driven by additional investments in natural resource funds[25] - The company's short-term borrowings surged by 154.29% to CNY 3,758,713 thousand, reflecting increased borrowing needs[25] - Investment activities resulted in a net cash outflow of RMB 3,012,633,000, an improvement from a net outflow of RMB 12,441,068,000 in the previous year[33] - The company reported a total cash inflow from financing activities of RMB 9,131,628,000, down from RMB 30,146,194,000 in the previous year[34] Other Financial Metrics - The weighted average return on net assets rose to 10.35%, an increase of 6.55 percentage points from the previous year[7] - The company reported a significant decrease in financial expenses by 58.01% to CNY 576,013 thousand compared to the previous year[17] - Other comprehensive income improved significantly, showing a change of 103.03% to CNY 18,434 thousand due to foreign exchange fluctuations[25] - The company achieved a gross profit margin of approximately 72.1% for the first nine months of 2018, compared to 58.5% in the same period last year[32] Future Outlook - The company has not disclosed any significant new product developments or market expansion strategies in this report[14] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[32]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the first half of 2018, representing a year-on-year growth of 15%[11] - The net profit attributable to shareholders reached 300 million CNY, marking a 20% increase compared to the same period last year[11] - The company's operating revenue for the first half of the year reached CNY 14,059,796 thousand, representing a year-on-year increase of 20.63% compared to CNY 11,654,941 thousand in the same period last year[19] - Net profit attributable to shareholders was CNY 3,122,510 thousand, a significant increase of 273.89% from CNY 835,139 thousand in the previous year[19] - The net cash flow from operating activities was CNY 5,411,708 thousand, reflecting a 55.45% increase from CNY 3,481,411 thousand in the same period last year[19] - Basic earnings per share rose to CNY 0.14, marking an increase of 180.00% from CNY 0.05 in the previous year[20] - The company's total assets at the end of the reporting period were CNY 100,916,206 thousand, up 3.15% from CNY 97,837,246 thousand at the end of the previous year[19] - The net assets attributable to shareholders increased to CNY 39,555,352 thousand, a rise of 3.66% from CNY 38,157,184 thousand at the end of the previous year[19] Market Expansion and Strategy - The company successfully expanded its user base, with a 10% increase in active users, totaling 1.5 million users by the end of June 2018[11] - Future outlook indicates a projected revenue growth of 10-15% for the second half of 2018, driven by increased production capacity and market demand[11] - Market expansion efforts include entering new regions in Africa and South America, aiming to increase market share by 5% in these areas by the end of 2019[11] - The company is considering strategic acquisitions to enhance its resource portfolio, with potential targets identified in the copper and cobalt sectors[11] - The company aims to enhance its competitive edge through advanced management practices and a robust financing platform, focusing on global resource integration[26] - The company is actively seeking to expand its market presence and invest in high-quality resource projects globally[32] Research and Development - The company is investing heavily in R&D, with an allocation of 100 million CNY for new product development and technological advancements in mining operations[11] - The company has established a provincial-level technology center and has a strong R&D team, leading to multiple successful industrialized research outcomes[53] - Research and development expenditures rose significantly by 116.52% to RMB 720.66 million, indicating a commitment to innovation[94] Sustainability and Environmental Initiatives - The management highlighted the importance of sustainability initiatives, committing to reduce carbon emissions by 25% over the next five years[11] - The company has achieved zero discharge of COD and ammonia nitrogen in wastewater across all operations, maintaining compliance with environmental standards[155] - The company has implemented organized emissions control with a total of 2 exhaust outlets for the first ore dressing company[152] - The company has established a zero discharge policy for wastewater from ore dressing processes[155] - The company has developed an emergency response plan for environmental incidents, ensuring timely and effective rescue operations to minimize environmental impact[161] Production and Operations - The production model is characterized by large-scale, continuous production, optimizing output based on market research and resource availability[34] - The sales strategy includes direct sales to end customers and partnerships with third-party traders, enhancing market reach and customer engagement[35] - The TFM copper-cobalt business in the Democratic Republic of Congo generated a net profit of 1,775,231 thousand RMB, accounting for 56.85% of the company's net profit attributable to shareholders[44] - The company reported a total mining volume of 9,714 thousand tons from the Sandaozhuang molybdenum-tungsten mine and 4,247 thousand tons from the TFM copper-cobalt mine[122] Financial Management and Risks - The company has a debt-to-asset ratio of 52.55% and a net interest-bearing debt ratio of 10.65%, indicating a stable financial structure[52] - The company faces risks related to price fluctuations of its main products, which include copper and cobalt, impacting revenue stability[108] - The company has authorized the board to implement hedging strategies to mitigate market price risks for copper and gold products[109] - The company is monitoring interest rate fluctuations and has utilized interest rate swap tools to mitigate risks from rising rates[113] Corporate Governance and Shareholder Information - The company has established a stable and diversified shareholder structure, promoting long-term development strategies[55] - The top ten shareholders hold a total of 2,000,000 thousand shares, with the largest shareholder, Hongshang Industrial Holding Group, owning 533,322 thousand shares, accounting for 24.69%[177] - The company issued non-publicly offered restricted shares on July 24, 2018, which are now tradable[173] Social Responsibility and Community Engagement - The company donated 15 million RMB for social public welfare poverty alleviation and 2 million RMB for educational support in Luanchuan County[145] - A total of 1,700,000 RMB was invested in poverty alleviation efforts, with 2,042 registered impoverished individuals lifted out of poverty[147] - The company has cumulatively donated over 85 million RMB for poverty alleviation and education in Luanchuan County over the past five years[149] - The company was recognized as an advanced unit in social poverty alleviation by the city of Luoyang[147]

Financial Performance - The company expects a net profit attributable to shareholders for the first half of 2018 to increase by 2.265 billion to 2.465 billion CNY, representing a year-on-year increase of 271.21% to 295.16%[3] - The net profit attributable to shareholders, excluding non-recurring gains and losses, is expected to increase by 1.970 billion to 2.170 billion CNY, a year-on-year increase of 169.96% to 187.21%[3] - The estimated net profit range for the first half of 2018 is projected to be between 3.100 billion and 3.300 billion CNY[3] - The net profit for the same period last year was 835.14 million CNY, and the net profit excluding non-recurring gains and losses was 1.159 billion CNY[10] - The earnings per share for the same period last year was 0.05 CNY[11] Factors Influencing Performance - The significant increase in performance is primarily due to the substantial rise in average market prices for key metal products such as cobalt, copper, molybdenum, and tungsten compared to the same period last year[5] - The company completed a non-public offering of A-shares in July 2017, raising 18 billion CNY, which has led to reduced interest expenses and increased interest income and investment returns compared to the previous year[5] - The company has included the 24% minority stake in the Congo (DRC) copper-cobalt mine project in its consolidated financial statements since April 20, 2017, resulting in an extended period of income recognition from this stake compared to the previous year[5] Forecast and Confirmation - The company confirms that there are no uncertainties affecting the accuracy of this performance forecast[13] - The forecast data is preliminary and subject to final confirmation in the official semi-annual report[14]

Financial Performance - Net profit attributable to shareholders increased by 159.54% to CNY 155,000.23 million year-on-year[4] - Operating revenue rose by 28.53% to CNY 743,213.66 million compared to the same period last year[4] - The company reported a basic earnings per share of CNY 0.07, up 75% from CNY 0.04 in the same period last year[4] - Net profit for Q1 2018 was ¥185,593.90 million, up 85.8% from ¥99,870.04 million year-on-year[44] - Total comprehensive income for Q1 2018 was ¥114,232.62 million, compared to ¥91,546.29 million in the same period last year, an increase of 24.7%[45] Cash Flow - The net cash flow from operating activities increased by 80.19% to CNY 257,173.15 million year-on-year[4] - Net cash flow from operating activities increased to ¥257,173.15 million, compared to ¥142,724.54 million last year, representing an 80.0% growth[46] - Cash inflow from investment activities totaled ¥573,667.46 million, significantly higher than ¥50,550.00 million in the previous period[46] - Cash inflow from financing activities amounted to ¥249,469.72 million, compared to ¥181,161.07 million in the previous period, marking a 37.7% increase[46] - The company reported a significant increase in cash received from other operating activities, rising to ¥27,084.31 million from ¥4,236.58 million[46] Assets and Liabilities - The company's total assets increased by 0.37% to CNY 9,819,973.67 million compared to the end of the previous year[4] - The total assets as of March 31, 2018, amounted to 9,819,973.67 million RMB, a slight increase from 9,783,724.62 million RMB at the beginning of the year[38] - The total liabilities decreased from 5,192,811.19 million RMB to 5,150,612.44 million RMB[39] - Current assets totaled ¥2,422,437.72 million, an increase of 3.1% from ¥2,348,545.02 million at the start of the year[42] - The company’s total current liabilities amounted to ¥679,038.10 million, an increase of 10.9% from ¥612,392.18 million at the beginning of the year[42] Investment and Production - Investment income increased by 45.66% year-on-year, reaching 2,305.72 million RMB[22] - The production volume of molybdenum reached 4,589 tons with a cash production cost of 60,956 RMB/ton[30] - The production volume of tungsten was 2,635 tons with a cash production cost of 24,007 RMB/ton[30] - The company expects a significant increase in cumulative net profit for the semi-annual report compared to the same period last year due to rising market prices of cobalt, copper, molybdenum, and tungsten[34] Other Financial Metrics - The weighted average return on equity increased by 0.88 percentage points to 4.02%[4] - The number of shareholders reached 269,387 at the end of the reporting period[8] - Accounts receivable increased by 41.46% to CNY 303,378.55 million due to increased operating revenue[11] - Prepayments increased by 65.90% to CNY 18,345.34 million compared to the end of the previous year[12] - The company's tax and additional fees increased by 307.26% year-on-year, amounting to 22,389.70 million RMB[20] - Asset impairment losses rose by 63.47% year-on-year, totaling 448.49 million RMB[20]

Financial Performance - The company plans to distribute a cash dividend of 0.76 RMB per 10 shares, totaling approximately 1,641.54 million RMB, which accounts for 60.18% of the net profit attributable to shareholders for the year [4]. - The company’s operating revenue for 2017 reached 2,414,755.78 million RMB, a significant increase of 247.47% compared to 694,957.10 million RMB in 2016 [21]. - Net profit attributable to shareholders was 272,779.62 million RMB, up 173.32% from 99,804.06 million RMB in the previous year [21]. - The net profit after deducting non-recurring gains and losses was 312,534.37 million RMB, reflecting a 244.33% increase from 90,766.83 million RMB in 2016 [21]. - The company achieved a consolidated net profit of 3.6 billion RMB in 2017, representing a year-on-year increase of 253% [59]. - The main business revenue reached 24,147.56 million RMB, a year-on-year increase of 247.47% [102]. - The company achieved a gross profit of 8,905.47 million RMB, up 78.80% from the previous year [102]. - The company reported a significant increase in prepayments by 146.39% to CNY 12,779.63 thousand, indicating higher advance payments for goods [121]. - The company’s total tax expenses increased to 178,620.12 million yuan, reflecting a 945.16% rise due to higher total profits compared to the previous year [112]. Audit and Compliance - The company has received a standard unqualified audit report from Deloitte Huayong Certified Public Accountants [3]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and senior management [3]. - The company has not reported any significant accounting errors or changes in accounting estimates during the reporting period [158]. - The company confirmed that it has not reached any profit forecasts for its assets or projects during the reporting period [158]. - The company has committed to resolving related party transactions effectively since January 23, 2014 [154]. Assets and Liabilities - As of December 31, 2017, the company's total assets amounted to 97.837 billion RMB, with overseas assets constituting 66.139 billion RMB, representing 67.60% of total assets [51]. - The company’s total liabilities ratio decreased to 53.1%, with a net debt ratio of only 10.4% [61]. - The company has a cash reserve of 26.5 billion RMB as of the end of the year [59]. - The total amount of guarantees provided to subsidiaries at the end of the reporting period is 2,202,599.74 RMB [169]. - The total amount of guarantees exceeding 50% of net assets is 364,537.03 RMB [169]. Production and Operations - The company is a leading player in the non-ferrous metal mining industry, focusing on copper, molybdenum, tungsten, cobalt, niobium, and phosphate mining and processing [30]. - The company generated a net cash flow from operating activities of 842,881.18 million RMB, a 189.17% increase from 291,482.65 million RMB in 2016 [21]. - The company produced 34,913 tons of copper and 28,198 ounces of gold during the reporting period [91]. - The company reported a molybdenum production of 16,717 tons with a cash production cost of 54,638 RMB per ton [90]. - The company’s niobium production in Brazil was 8,674 tons during the reporting period [91]. Market and Pricing - The average price of molybdenum concentrate in 2017 was RMB 1,225 per ton, an increase of 34.62% year-on-year [75]. - The average price of tungsten concentrate in 2017 was RMB 89,600 per ton, up 31.49% year-on-year [77]. - The average price of copper in 2017 increased by approximately 30%, with the LME spot settlement price at the end of 2017 reaching $7,207 per ton [78]. - Cobalt prices surged from $14.30 per pound at the beginning of 2017 to $35.00 per pound by the end of the year, reflecting an annual increase of about 145% [79]. - The average price of niobium iron increased in the second half of 2017 due to tightening supply conditions, following a competitive pricing environment in the first half [81]. Strategic Initiatives - The company aims to integrate high-quality resource projects globally, enhancing its competitive edge in the market [30]. - The company employs a centralized management model and actively seeks investment in advantageous resource projects globally [37]. - The company is pursuing overseas investment insurance to mitigate political risks associated with its operations in the Democratic Republic of Congo [145]. - The company plans to implement a proactive cash or stock dividend distribution policy over the next three years, emphasizing cash dividends when feasible [148]. - The company is actively pursuing social responsibility initiatives, including poverty alleviation projects to improve infrastructure and living conditions for impoverished communities [200]. Risks and Challenges - The company emphasizes the importance of understanding the risks associated with forward-looking statements, which may differ significantly from actual results [5]. - The company is exposed to interest rate risk due to fluctuations in bank loan rates and has utilized interest rate swap tools to hedge against this risk [142]. - The company has a foreign exchange risk exposure primarily related to assets and liabilities in currencies such as USD, AUD, and EUR, and is monitoring exchange rate fluctuations [143]. - The company believes that the ongoing legal matters in its copper-cobalt business in the Democratic Republic of Congo will not have a significant adverse impact on its financial condition or operating results [163]. Future Outlook - In 2018, the company expects molybdenum production to be between 13,500 tons and 14,900 tons, with cash production costs ranging from 60,000 to 66,300 RMB per ton [137]. - The tungsten production forecast for 2018 is between 11,000 tons and 12,000 tons, with cash production costs between 21,500 and 23,700 RMB per ton [137]. - The company anticipates a stable production and cost outlook for niobium and phosphorus segments in 2018 [138]. - The company projects a continued increase in domestic molybdenum demand due to steel industry transformations and environmental policies [127]. - The cobalt demand is projected to reach approximately 112,000 tons in 2018, with a compound annual growth rate of 9% until 2023, driven mainly by the battery market [132].