格隆汇1月7日｜A股市场有色金属股继续走强，其中，入选了格隆汇2026年"下注中国"十大核心资产名 单的洛阳钼业(603993.SH)在昨日创出历史新高后，今日继续走强，盘中一度涨超2%至22.19元，再创历 史新高价。 ...

Core Viewpoint - Luoyang Molybdenum Co., Ltd. has shown significant stock price growth and strong financial performance, indicating potential investment opportunities in the company and the industry. Group 1: Stock Performance - As of January 7, Luoyang Molybdenum's stock price increased by 2.03%, reaching 22.12 CNY per share, with a trading volume of 1.43 billion CNY and a turnover rate of 0.37% [1] - The stock has risen by 10.60% year-to-date, 17.16% over the last five trading days, 18.35% over the last 20 days, and 28.31% over the last 60 days [2] Group 2: 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 precious metals such as molybdenum, tungsten, and gold [2] - The company's revenue composition includes 48.56% from refined metal product trading, 38.31% from concentrate product trading, and smaller contributions from copper (27.14%), cobalt (6.04%), molybdenum (3.12%), and others [2] Group 3: Financial Performance - For the period from January to September 2025, Luoyang Molybdenum reported a revenue of 145.49 billion CNY, a year-on-year decrease of 5.99%, while the net profit attributable to shareholders increased by 72.61% to 14.28 billion CNY [2] - The company has distributed a total of 21.56 billion CNY in dividends since its A-share listing, with 10.58 billion CNY distributed over the last three years [3] Group 4: Shareholder Information - As of September 30, 2025, the number of shareholders increased by 28.08% to 304,200, with an average of 0 shares per shareholder [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 695 million shares, an increase of 47.47 million shares, while other ETFs have seen varying changes in their holdings [3]

Core Viewpoint - Luoyang Molybdenum Company has seen significant trading activity, with a notable transaction on January 6, involving 680,000 shares at a price of 21.68 yuan, indicating a 6.07% increase in its stock price for the day [1] Trading Activity Summary - On January 6, a block trade occurred with a volume of 680,000 shares and a transaction value of 14.74 million yuan, executed at a price of 21.68 yuan, which was at par with the closing price for the day [1] - Over the past three months, Luoyang Molybdenum has recorded a total of 15 block trades, accumulating a total transaction value of 367 million yuan [1] Stock Performance Summary - The closing price of Luoyang Molybdenum on January 6 was 21.68 yuan, reflecting a daily increase of 6.07%, with a turnover rate of 1.56% and a total trading volume of 5.844 billion yuan [1] - In the last five days, the stock has increased by 9.77%, while the net capital outflow during this period amounted to 1.112 billion yuan [1] Margin Financing Summary - The latest margin financing balance for Luoyang Molybdenum stands at 3.404 billion yuan, with an increase of 85.75 million yuan over the past five days, representing a growth rate of 2.58% [1]

1月6日，洛阳钼业大宗交易成交68万股，成交额1474.24万元，占当日总成交额的0.25%，成交价21.68 元，较市场收盘价21.68元持平。 | 及景德国日记 交易日期 | 证券简称 | 证券代码 | 成交价(元) 成交金额(万元) 成交量( *) 买入营业部 | | | 卖出营业部 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | --- | | 026-01-06 | 洛阳相补 | 603993 | 21.68 1474.24 | 68 | 公司是多家商品密 | 空間度最後的。 | 190 | ...

Group 1 - The A-share market saw strong performance in the non-ferrous metal sector, with Luoyang Molybdenum (603993.SH) reaching a historical high of 22.03 yuan, up nearly 8%, and its market capitalization exceeding 470 billion yuan [1] - Concerns over supply shortages and the turmoil in Venezuela are driving expectations for increased competition for key global minerals, leading to a collective surge in the commodity market [1] - Spot gold prices rose over 3%, reaching a peak of 4,467 USD per ounce, while COMEX silver futures surged 7.95%, closing above 76 USD [1] Group 2 - Luoyang Molybdenum holds approximately 23% of the world's cobalt reserves and possesses world-class copper-cobalt mining clusters, with core mines having copper and cobalt grades significantly above industry averages [2] - The KFM Phase II production will add an additional 100,000 tons of copper capacity, supported by favorable cobalt export quotas from the Democratic Republic of Congo, contributing to high growth in performance [2] - The company benefits from resource endowment and digital reforms to reduce costs, maintaining relatively low copper production costs, and its "mining + trading" model enhances resilience against market fluctuations [2]

长江证券认为，碳中和ETF具备长期投资价值。随着能源金融市场加速向多元化、低碳化转型，清洁能 源投资持续升温，2020年至2024年年均复合增长率达16.7%，其中电池与储能领域增速达106.8%，展现 出强劲的发展势头。绿证市场也呈现供需改善态势，1月至11月交易量同比大幅增长119%，交易占比提 升至41.81%，价格逐步企稳。供给端136号文限制了常规电量绿证的核发，需求端2025年电解铝行业将 被纳入绿证考核，2026年钢铁等四大高耗能行业也将陆续加入，刚性需求持续扩容，支撑绿证价格。在 新能源装机方面，光伏保持稳定增长，风电增速回暖，同时火电装机规模创新高，增强了电力系统的调 节能力，有利于提升新能源消纳水平。能源转型推动电力、新能源等相关板块融资需求旺盛，电力行业 在能源上市公司债权与股权融资中的占比分别达到65%和70%。在政策支持与市场驱动的双重作用下， 可再生能源发电、储能、氢能等领域的投资持续扩大。 1月6日，A股市场延续涨势，有色金属、非银金融、综合板块涨幅靠前。截至11点00分，碳中和ETF南 方(159639.SZ)涨1.98%，洛阳钼业涨6.95%。 资讯所属栏目还有更多独家策划、 ...

Group 1 - The core viewpoint of the news highlights the trading performance and financing activities of Luoyang Molybdenum Co., Ltd. on December 31, with a stock price increase of 2.46% and a trading volume of 5.017 billion yuan [1] - On December 31, Luoyang Molybdenum had a financing buy amount of 369 million yuan and a financing repayment of 437 million yuan, resulting in a net financing buy of -67.59 million yuan [1] - As of December 31, the total balance of margin trading for Luoyang Molybdenum was 3.363 billion yuan, with a financing balance of 3.341 billion yuan, accounting for 0.96% of the circulating market value, indicating a high level compared to the past year [1] Group 2 - Luoyang Molybdenum Co., Ltd. was established on December 22, 1999, and listed on October 9, 2012, primarily engaged in the mining, selection, deep processing, trading, and research of rare metals such as molybdenum, tungsten, and gold [2] - The company's main business revenue composition includes refined metal product trading (48.56%), concentrate product trading (38.31%), copper (27.14%), cobalt (6.04%), molybdenum (3.12%), and others [2] - As of September 30, 2025, Luoyang Molybdenum achieved an operating income of 145.485 billion yuan, a year-on-year decrease of 5.99%, while the net profit attributable to shareholders increased by 72.61% to 14.280 billion yuan [2] Group 3 - Luoyang Molybdenum has distributed a total of 21.562 billion yuan in dividends since its A-share listing, with 10.576 billion yuan distributed in the last three years [3] - As of September 30, 2025, the top ten circulating shareholders of Luoyang Molybdenum included Hong Kong Central Clearing Limited, which increased its holdings by 47.472 million shares to 695 million shares [3] - The Huaxia SSE 50 ETF and Huatai-PineBridge CSI 300 ETF saw a decrease in holdings, while the E Fund CSI 300 ETF became a new shareholder with 86.4742 million shares [3]

| 2. 股份分類 | 普通股 | 股份類別 | A | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 603993 | 說明 | | 於上海證券交易所上市 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 17,460,842,176 | RMB | | 0.2 | RMB | | 3,492,168,435.2 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 17,460,842,176 | RMB | | 0.2 | RMB | | 3,492,168,435.2 | 本月底法定/註冊股本總額： RMB 4,278,862,035.2 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限 ...

格隆汇1月4日｜入选逻辑：手握全球约23%钴储量及世界级铜钴矿集群，核心矿山铜钴品位远超行业平 均，KFM二期投产后将再增10万吨铜产能，叠加刚果(金)钴出口配额红利，量价共振支撑业绩高增。 通过资源禀赋优势与数字化改革降本，铜生产成本处在相对低位，"矿山+贸易"模式平滑周期波动，抗 风险能力行业领先。 铜钴受益新能源需求扩容，巴西金矿并购落地与厄瓜多尔金矿布局构建"铜金双极"，H股股权激励绑定 核心团队，长期成长确定性强。 ...

Core Insights - The article emphasizes the significant growth potential of Luoyang Molybdenum Co., Ltd. (洛阳钼业), highlighting its transformation into a global leader in copper and cobalt production, with a projected stock price increase of over 200% by 2025 and a market capitalization exceeding 400 billion yuan [1]. Group 1: Business Performance - Luoyang Molybdenum's revenue structure for the first three quarters of 2025 shows that mineral trading accounted for 61.1% of total revenue, with copper and cobalt contributing 26.5% and 4.3% respectively [3]. - The company achieved a revenue of 2 trillion yuan for the first time in 2024, with a net profit of 135.32 billion yuan, marking a year-on-year growth of 64.03% [12]. - In the first three quarters of 2025, the company reported a revenue of 1,454.85 billion yuan and a net profit of 142.8 billion yuan, reflecting a year-on-year increase of 72.61% [12]. Group 2: Market Position and Demand - The company is deeply integrated into the domestic new energy industry chain, benefiting from the rising demand for copper and cobalt, which are essential for electric vehicles and batteries [6]. - Luoyang Molybdenum's cobalt products are primarily supplied to leading domestic battery manufacturers such as CATL and BYD, creating a closed-loop from raw materials to end demand [6]. - The supply-demand dynamics are favorable, with copper prices expected to exceed $12,000 per ton by 2025 and cobalt prices rising over 154% from the beginning of the year [6]. Group 3: Global Resource Strategy - The company has established a global presence through strategic acquisitions in Asia, Africa, and South America, securing significant reserves of copper, cobalt, niobium, phosphate, molybdenum, and tungsten [8]. - Luoyang Molybdenum's operations in the Democratic Republic of Congo include TFM, one of the largest copper-cobalt mines globally, ensuring a stable supply for the domestic new energy industry [9]. Group 4: Future Growth and Expansion - The company aims to produce 66,000 tons of copper and 12,000 tons of cobalt by 2026, with ongoing expansion projects expected to enhance production capacity significantly [21]. - The KFM Phase II project, set to be operational by 2027, will add 100,000 tons of copper production capacity, supporting the company's long-term growth objectives [17]. - The acquisition of gold mines in Brazil is expected to diversify revenue streams and enhance profitability, with projected annual gold production reaching 8 tons [20].