智通财经APP讯，洛阳钼业(03993)发布公告，为进一步开发KFM的丰富资源，增强与现有项目的协同 效应，公司拟投资建设刚果(金)KFM二期工程项目。项目建设投资10.84亿美元，资金来源为企业自有 和企业自筹;项目建设期2年，拟于2027年建成投产，预计新增原矿处理规模726万吨/年，达产后预计新 增年平均10万吨铜金属。 ...

Core Viewpoint - Luoyang Molybdenum (603993)(03993) announced plans to invest in the KFM Phase II project in the Democratic Republic of Congo to further develop its rich resources and enhance synergies with existing projects [1] Investment Details - The total investment for the KFM Phase II project is $1.084 billion, funded through the company's own resources and self-raised funds [1] - The construction period for the project is set for 2 years, with an expected completion and production start date in 2027 [1] Production Capacity - Upon completion, the project is expected to add a raw ore processing capacity of 7.26 million tons per year [1] - The annual average production of copper metal is projected to increase by 100,000 tons after reaching full capacity [1]

Core Viewpoint - Luoyang Molybdenum Industry Co., Ltd. has announced the appointment of new executives, indicating a strategic shift in leadership as the company prepares for future growth and governance [1] Group 1: Executive Appointments - The board of directors has approved the nomination of Mr. Peng Xuhui as a candidate for the executive director of the seventh board, with a term starting from the date of shareholder meeting approval until the annual general meeting in 2026 [1] - Mr. Peng Xuhui has been appointed as the company's President and Chief Executive Officer [1] - Mr. Branko Buhavac has been appointed as the Vice President and Chief Commercial Officer [1]

Core Insights - Luoyang Molybdenum's revenue from copper increased by 25.7% year-on-year in the first three quarters, while cobalt revenue decreased by 7.8%, leading to a situation of "profit increase without revenue increase" [1][5] - The company's Q3 net profit surged by 96.4% year-on-year, reaching a historical high for the same period, driven by soaring prices of copper and cobalt metals [1][3] Financial Performance - Q3 revenue was 50.713 billion yuan, a decline of 2.36% year-on-year; total revenue for the first three quarters was 145.49 billion yuan, down 5.99% [3] - Q3 net profit attributable to shareholders was 5.608 billion yuan, a dramatic increase of 96.4% year-on-year; net profit for the first three quarters was 14.28 billion yuan, up 72.61% [3] - Operating cash flow was 15.86 billion yuan, down 8.2% year-on-year, primarily due to capital tied up in trade operations [3] - Weighted average ROE reached 18.65%, an increase of 5.17 percentage points year-on-year [3] Core Business Progress - Copper business: Production was 543,000 tons (+14.14%), sales were 520,000 tons (+10.56%), and gross margin was 54.07% (+1.73 percentage points) [3][5] - Cobalt business: Production was 88,000 tons (+3.84%), sales were 51,000 tons (-36.08%), and gross margin surged by 26.97 percentage points to 63.46% [3][5] - Trade segment: Sales of refined metal products fell by 54.43%, with a gross margin of only 0.34% [3][6] Strategic Developments - KFM Phase II project approved with an investment of 1.084 billion USD, expected to be operational by 2027, adding 100,000 tons of copper production capacity annually [3][5] - TFM mine became the first in Africa to receive copper certification, fully meeting all assessment criteria [3] - The company launched a restricted stock incentive plan for H-shares, proposing to grant up to 393 million shares [3] Profit Drivers - The core driver for the 64.37% year-on-year increase in total profit was attributed to the rise in major product prices and the growth in copper production and sales [4] Concerns and Challenges - Fair value losses amounted to 2.39 billion yuan, down from a loss of 3.59 billion yuan in the previous year, indicating ongoing volatility in derivatives and financial assets [7] - Short-term borrowings surged from 13.96 billion yuan to 21.73 billion yuan, an increase of 55.6%, while long-term borrowings decreased from 9.33 billion yuan to 2.55 billion yuan, raising refinancing pressure [7] - Tax liabilities reached 7.21 billion yuan, up 30.5% year-on-year, indicating rising tax burden [7] - Other non-current liabilities stood at 18.15 billion yuan, primarily related to deferred liabilities for the TFM project, posing future cash flow risks [7]

Financial Performance - Total revenue for Q3 2025 was RMB 50.71 billion, a decrease of 2.36% year-on-year[9] - Net profit attributable to shareholders for Q3 2025 reached RMB 5.61 billion, an increase of 96.40% year-on-year[9] - Total profit for Q3 2025 was RMB 9.17 billion, reflecting a significant increase of 64.37% year-on-year, driven by higher product prices and increased sales volume[12] - Basic earnings per share for Q3 2025 were RMB 0.26, up 85.71% compared to the same period last year[9] - The company reported a net profit of RMB 14.28 billion for the year-to-date period, an increase of 72.61% year-on-year[9] - Net profit for the first three quarters of 2025 reached ¥16.49 billion, a significant increase of 73.5% compared to ¥9.52 billion in the same period of 2024[32] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.67, up from ¥0.39 in 2024, representing a 71.8% increase[32] - The company reported a net profit of approximately RMB 24.07 billion for the first three quarters of 2025, compared to RMB 16.73 billion in the same period of 2024, reflecting a significant increase[31] Assets and Liabilities - Total assets as of the end of Q3 2025 amounted to RMB 184.19 billion, an increase of 8.20% from the previous year[9] - As of September 30, 2025, total current assets reached approximately RMB 92.81 billion, an increase from RMB 79.17 billion as of December 31, 2024[27] - The company's total liabilities as of September 30, 2025, amounted to approximately RMB 89.46 billion, compared to RMB 84.29 billion at the end of 2024[29] Cash Flow - Cash flow from operating activities for the year-to-date period decreased by 8.20% compared to the previous year[12] - Cash flow from operating activities generated ¥15.86 billion in the first three quarters of 2025, down 8.2% from ¥17.28 billion in 2024[34] - Total cash inflow from financing activities was ¥49.89 billion in 2025, compared to ¥55.96 billion in 2024, reflecting a decrease of 10.9%[35] - Cash and cash equivalents at the end of the third quarter of 2025 amounted to ¥30.67 billion, an increase from ¥27.12 billion at the end of the same period in 2024[35] - Cash outflow from investing activities totaled ¥9.47 billion in 2025, a decrease of 45.0% compared to ¥17.25 billion in 2024[35] - The company reported a net cash flow from investing activities of -¥2.81 billion in 2025, an improvement from -¥8.60 billion in 2024[35] - The company received ¥48.50 billion in borrowings during the first three quarters of 2025, down from ¥55.40 billion in 2024, indicating a decrease of 12.5%[35] Production and Sales - The company reported a copper revenue of RMB 38.62 billion, with a gross margin of 54.07%, an increase of 1.73 percentage points year-over-year[24] - Cobalt sales reached RMB 6.18 billion, with a gross margin of 63.46%, despite a year-over-year revenue decline of 7.79%[24] - The total production of copper was 543,376 tons, reflecting a year-over-year increase of 14.14% in production volume[18] - The company produced 87,974 tons of cobalt, but sales decreased by 36.08% year-over-year to 51,027 tons[18] - The company’s refined metal products generated RMB 72.17 billion in revenue, with a gross margin of only 0.34%, down 21.54% year-over-year[24] - The total sales volume of phosphate fertilizer was 825,714 tons, with a year-over-year decrease of 3.79%[18] - The company’s total sales of refined metal products decreased by 54.43% year-over-year, indicating significant challenges in this segment[18] - The gross margin for tungsten was reported at 63.55%, with a revenue of RMB 1.59 billion, reflecting a year-over-year increase of 21.11%[24] - The company’s total procurement of phosphate fertilizer was 912,769 tons, with a slight increase of 1.92% year-over-year[18] Investments and Projects - The company approved an investment of $1.084 billion for the KFM Phase II project in Congo, which is expected to add a processing capacity of 7.26 million tons per year and an average annual output of 100,000 tons of copper metal upon completion in 2027[25] - In Q3 2025, the company achieved its production targets for major products, laying a solid foundation for the completion of annual tasks[25] - The TFM copper-cobalt mine in the Democratic Republic of Congo successfully passed the re-certification audit for The Copper Mark, becoming the first mine in Africa to achieve this certification with a "fully met" rating across all assessment areas[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 304,226[13] - The largest shareholder, Hongshang Industrial Holdings Group, holds 24.93% of the shares, with a total of 533,322 shares pledged[16] Ratings and Recognition - The company received its first "AAA" rating from Wind ESG and entered the top 100 list of large-cap companies[25] Other Financial Metrics - Operating revenue for the first three quarters of 2025 was approximately RMB 145.49 billion, a decrease of 5.8% from RMB 154.75 billion in the same period of 2024[31] - The total operating costs for the first three quarters of 2025 were approximately RMB 119.41 billion, down 11.6% from RMB 135.16 billion in the previous year[31] - Total comprehensive income for the first three quarters of 2025 was ¥14.92 billion, up 68.1% from ¥8.88 billion in 2024[32]

執行董事兼總裁辭任及副總裁兼首席商務官辭任 洛陽欒川鉬業集團股份有限公司（「本公司」，連同其附屬公司，「本集團」）董事 （「董事」）會（「董事會」）宣佈，其已收到孫瑞文先生（「孫先生」）及Kenny Ives先生 （「Kenny先生」）的書面辭職報告。因個人工作原因，孫先生向董事會申請辭去執 行董事、總裁及董事會戰略及可持續發展委員會委員以及本公司投資委員會委員 職務。Kenny先生為投入更多時間在家庭事務上，向董事會申請辭去副總裁兼首 席商務官職務。 孫先生及Kenny先生的離任自董事會收到辭職報告時生效。前述人員的辭職不會 導致董事會成員人數低於法定最低人數，不會影響公司日常生產經營和董事會正 常運作。孫先生及Kenny先生確認彼等與董事會概無意見分歧。概無有關彼等辭 任的事宜須提請本公司股東（「股東」）、本公司債權人或香港聯合交易所有限公司 垂注。孫先生及Kenny先生已按照相關規定做好工作交接。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 ...

CMOC Group Limited* （於中華人民共和國註冊成立的股份有限公司） （股份代號：03993） 董事名單與其角色和職能 洛陽欒川鉬業集團股份有限公司（「本公司」）董事會（「董事會」）成員載列如下： 執行董事 劉建鋒 （董事長） 闕朝陽 非執行董事 林久新 （副董事長） 蔣理 王開國 顧紅雨 程鈺 1 董事委員會有四個，分別為審計及風險委員會、提名及管治委員會、薪酬委員會 和戰略及可持續發展委員會。下表提供各董事會成員在該等委員會中所擔任的職 位。 | | 審計及風險 | 提名及管治 | | 戰略及 可持續發展 | | --- | --- | --- | --- | --- | | 董事╱董事委員會 | 委員會 | 委員會 | 薪酬委員會 | 委員會 | | 劉建鋒 | | VC | M | C | | 闕朝陽 | | | | M | | 林久新 | | | | M | | 蔣理 | | | | M | | 王開國 | M | C | C | M | | 顧紅雨 | C | M | M | | | 程鈺 | M | M | | | 附註： C－相關董事委員會的主任 M－相關董事委員會的成員 獨立非 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 CMOC Group Limited* （於中華人民共和國註冊成立的股份有限公司） （股份代號：03993） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 以下為洛陽欒川鉬業集團股份有限公司（「本公司」）於上海證券交易所網站 (www.sse.com.cn )所發佈《洛陽欒川鉬業集團股份有限公司第七屆董事會第七次會 議決議公告》《洛陽欒川鉬業集團股份有限公司關於投資建設剛果（金）KFM二期 工程項目的公告》。 承董事會命 洛陽欒川鉬業集團股份有限公司 劉建鋒 董事長 中華人民共和國河南省洛陽市， 二零二五年十月二十四日 於本公告日期，執行董事為劉建鋒先生及闕朝陽先生；非執行董事為林 久新先生及蔣理先生；及獨立非執行董事為王開國先生、顧紅雨女士及 程鈺先生。 * 僅供識別 股票代码：603993 股票简称：洛阳钼业 编号：2025—054 洛阳栾川钼业集团股份有限公 ...

Core Viewpoint - Company has approved an investment of up to $1.084 billion for the KFM Phase II project in the Democratic Republic of Congo, with a construction period of 2 years and expected completion in 2027 [1] Investment Details - Total investment for the KFM Phase II project is capped at $1.084 billion, which includes $859 million for engineering costs, $109 million for other construction expenses, and $116 million for contingency funds [1] - Funding sources for the project will be from the company's own funds and self-raised capital [1] Production Capacity - The project is expected to increase the ore processing capacity by 7.26 million tons per year, with an anticipated average annual production of 100,000 tons of copper metal upon reaching full capacity in 2027 [1]

Core Insights - Luoyang Molybdenum's Q3 net profit attributable to shareholders surged by 96.4% year-on-year, reaching a historical high for the same period, driven by soaring copper and cobalt metal prices [1][2] - However, the company's operating revenue declined, primarily due to metal price fluctuations and a decrease in sales volume for certain products [1] Financial Performance - Q3 operating revenue was 50.713 billion yuan, a decrease of 2.36% year-on-year; revenue for the first three quarters was 145.49 billion yuan, down 5.99% year-on-year [2] - Q3 net profit attributable to shareholders was 5.608 billion yuan, a year-on-year increase of 96.4%; net profit for the first three quarters was 14.28 billion yuan, up 72.61% year-on-year [2] - Operating cash flow was 15.86 billion yuan, a decline of 8.2% year-on-year, mainly due to capital tied up in trade operations [2] - Weighted average ROE reached 18.65%, an increase of 5.17 percentage points year-on-year [2] Core Business Progress - Copper business: Production was 543,000 tons (+14.14%), sales were 520,000 tons (+10.56%), and gross margin was 54.07% (+1.73 percentage points) [2][4] - Cobalt business: Production was 88,000 tons (+3.84%), sales were 51,000 tons (-36.08%), and gross margin significantly increased by 26.97 percentage points to 63.46% [2][4] - Trade segment: Sales of refined metal products decreased by 54.43%, with a gross margin of only 0.34% [2][4] Strategic Developments - KFM Phase II project approved with an investment of 1.084 billion USD, expected to be operational by 2027, adding 100,000 tons/year of copper capacity [2][4] - TFM mine became the first in Africa to receive copper certification, with all assessments indicating "fully compliant" [2] - Launch of H-share restricted stock incentive plan, proposing to grant up to 393 million shares [2] Profit Drivers - The core driver for the 64.37% year-on-year growth in total profit was attributed to the rise in major product prices, coupled with increased copper production and sales [3] Product Structure Insights - The copper segment contributed the largest revenue increase, with revenue for the first three quarters at 38.62 billion yuan, a year-on-year increase of 25.67% [4] - Despite a 7.79% year-on-year decline in cobalt revenue, the gross margin surged from 36.49% to 63.46% [4] - Trade business faced challenges, with refined metal product sales down 54.43% and revenue down 21.54% to 72.17 billion yuan [4] Other Concerns - Fair value changes resulted in a loss of 2.39 billion yuan, an improvement from a loss of 3.59 billion yuan in the previous year [6] - Short-term borrowings increased from 13.96 billion yuan to 21.73 billion yuan, a rise of 55.6%, while long-term borrowings decreased from 9.33 billion yuan to 2.55 billion yuan [6] - Tax liabilities increased by 30.5% year-on-year to 7.21 billion yuan, indicating rising tax burden [6] - Other non-current liabilities stood at 18.15 billion yuan, primarily related to deferred liabilities for the TFM project, posing future cash flow risks [6]