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9月30日 狀態: 新提交 致：香港交易及結算所有限公司 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 公司名稱: 洛陽欒川鉬業集團股份有限公司 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03993 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 3,933,468,000 | RMB | | 0.2 | RMB | | 786,693,600 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 3,933,468,000 | RMB | ...

Core Viewpoint - Luoyang Molybdenum Co., Ltd. has shown a significant increase in stock price, reflecting positive market sentiment and investor interest in the company’s operations in rare metals [1] Company Overview - Luoyang Molybdenum Co., Ltd. was established on December 22, 1999, and listed on October 9, 2012. The company is primarily engaged in the mining, selection, deep processing, trading, and research of rare metals such as molybdenum, tungsten, and gold [1] - 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%), phosphorus (2.23%), niobium (1.88%), tungsten (1.17%), and others (0.11%) [1] Fund Holdings - According to data, one fund under Jianxin Fund has a significant holding in Luoyang Molybdenum. Jianxin Health and Livelihood Mixed A (000547) held 1,084,100 shares in the second quarter, accounting for 2.2% of the fund's net value, making it the eighth largest holding [2] - The fund has achieved a year-to-date return of 28.9% and a one-year return of 37.76%, ranking 3,524 out of 8,080 in its category [2] Fund Manager Performance - The fund manager of Jianxin Health and Livelihood Mixed A is Ma Muqing, who has been in the position for 3 years and 277 days. The total asset size of the fund is 1.342 billion yuan, with the best return during the tenure being 57.31% and the worst being -1.24% [3]

Group 1 - The core transaction on September 26 involved a block trade of 300,000 shares of Luoyang Molybdenum Co., with a transaction value of 4.14 million yuan and a price of 13.80 yuan per share [2][3] - The buyer was Guotai Junan Securities Co., Ltd. headquarters, while the seller was Huatai Securities Co., Ltd. Shanghai Wuding Road Securities Business Department [2][3] - Over the past three months, Luoyang Molybdenum has recorded a total of three block trades, amounting to 157 million yuan [2] Group 2 - The closing price of Luoyang Molybdenum on the day of the transaction was 13.80 yuan, reflecting a decrease of 0.50% [2] - The stock had a turnover rate of 2.26% and a total trading volume of 5.504 billion yuan for the day, with a net inflow of main funds amounting to 92.13 million yuan [2] - In the last five days, the stock has increased by 10.31%, with a total net inflow of funds reaching 1.078 billion yuan [2] Group 3 - The latest margin financing balance for Luoyang Molybdenum is 2.519 billion yuan, which has decreased by 86.6271 million yuan over the past five days, representing a decline of 3.32% [3] - Luoyang Molybdenum was established on December 22, 1999, with a registered capital of 4.2788620352 billion yuan [3]

Core Viewpoint - Luoyang Molybdenum Co., Ltd. has shown significant trading activity with a notable increase in stock price and high financing levels, indicating strong market interest and potential investment opportunities [1][2]. Financing Activity - On September 25, Luoyang Molybdenum's stock rose by 9.90% with a trading volume of 8.928 billion yuan - The financing buy-in amount for the day was 1.033 billion yuan, while the financing repayment was 1.094 billion yuan, resulting in a net financing outflow of 61.3273 million yuan - As of September 25, the total financing and securities lending balance was 2.542 billion yuan, with the financing balance at 2.519 billion yuan, accounting for 1.04% of the circulating market value, which is above the 90th percentile of the past year [1]. Securities Lending Activity - On the same day, 174,600 shares were repaid in securities lending, while 235,100 shares were sold short, amounting to 3.2608 million yuan based on the closing price - The remaining securities lending volume was 1.6646 million shares, with a balance of 23.088 million yuan, also exceeding the 90th percentile of the past year [1]. Company Overview - Luoyang Molybdenum 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%), phosphorus (2.23%), niobium (1.88%), tungsten (1.17%), and others (0.11%) [2]. Financial Performance - For the first half of 2025, Luoyang Molybdenum reported operating revenue of 94.773 billion yuan, a year-on-year decrease of 7.83% - The net profit attributable to shareholders was 8.671 billion yuan, reflecting a year-on-year increase of 60.07% [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 June 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited, which increased its holdings by 6.9489 million shares to 648 million shares - Other notable shareholders include Huaxia SSE 50 ETF and Huatai-PB CSI 300 ETF, both of which increased their holdings compared to the previous period [3].

Core Viewpoints - In the first half of 2025, the company achieved operating revenue of 94.773 billion yuan and a net profit attributable to shareholders of 8.671 billion yuan, representing a year-on-year increase of 60.07%, marking the highest profit level for the same period in history [1] - The company met all production targets for its products in the first half of 2025, with copper production increasing by 12.68% year-on-year, reaching a historical high for the same period [1] - The company completed the acquisition of Ecuador's Odin Mining (Kagelhaus Gold Mine) and is rapidly advancing development work, enhancing its global layout of diversified products, with the project expected to commence production before 2029 [1] Production and Pricing - The company produced 353,600 tons of copper in the first half of 2025, a year-on-year increase of 12.68%, achieving approximately 56.1% of the production guidance midpoint [2] - The average LME copper price in the first half of 2025 increased by 3.75% year-on-year to 9,431 USD/ton, with cobalt and other mineral prices also showing significant increases [2] Cost Management and Resource Layout - The company has made significant progress in cost reduction and efficiency improvement through refined management and technological innovation, with copper production costs around 33,700 yuan per ton in the first half of 2025 [2] - The acquisition of the Kagelhaus Gold Mine represents a breakthrough in the company's layout of gold resources, further diversifying its product matrix [2] Market Dynamics - The cobalt price has risen from a low of 160,000 yuan/ton to 275,000 yuan/ton due to the ongoing cobalt export ban from the Democratic Republic of Congo, which has been in effect for seven months [2] - The domestic supply of cobalt is tightening, with a significant decrease in imports, which may further support cobalt prices in the upcoming consumption peak season [2]

Core Points - The Shanghai Composite Index fell by 0.01% on September 25, with seven industries rising, led by Media and Communication, which increased by 2.23% and 1.99% respectively [1] - The Non-ferrous Metals industry rose by 1.87%, with a net inflow of 2.05 billion yuan in main funds, and 72 out of 137 stocks in this sector increased in value [1] - The top three stocks with the highest net inflow in the Non-ferrous Metals sector were Luoyang Molybdenum (1.25 billion yuan), Northern Copper (592 million yuan), and Zijin Mining (297 million yuan) [1] - The sectors with the largest declines were Textile & Apparel and Comprehensive, with decreases of 1.45% and 1.30% respectively [1] Non-ferrous Metals Industry Summary - The Non-ferrous Metals industry saw a total of 137 stocks, with 72 stocks rising and one hitting the daily limit [1] - The net inflow of funds was concentrated in 68 stocks, with eight stocks receiving over 100 million yuan in net inflow [1] - The stocks with the largest net outflows included Chifeng Gold, Tongling Nonferrous Metals, and Western Mining, with outflows of 226 million yuan, 220 million yuan, and 201 million yuan respectively [2] Fund Flow Summary - The top stocks in the Non-ferrous Metals industry by net inflow included: - Luoyang Molybdenum: +9.90% with a turnover rate of 3.71% and a main fund flow of 1.25 billion yuan [1] - Northern Copper: +7.47% with a turnover rate of 14.72% and a main fund flow of 592 million yuan [1] - Zijin Mining: +5.17% with a turnover rate of 1.92% and a main fund flow of 297 million yuan [1] - The stocks with the largest net outflows included: - Chifeng Gold: -3.29% with a turnover rate of 3.65% and a main fund flow of -226 million yuan [2] - Tongling Nonferrous Metals: +8.12% with a turnover rate of 6.93% and a main fund flow of -220 million yuan [2] - Western Mining: +6.07% with a turnover rate of 5.02% and a main fund flow of -201 million yuan [2]

来源：新浪港股 洛阳钼业（03993）AH股早盘均创历史新高，A股涨停，H股盘中大涨15%，创新高；截至发稿，股价 上涨13.65%，现报14.24港元，成交额14.19亿港元。 9月23日晚，洛阳钼业发布一项重磅股权激励计划，拟建立H股受限制股票计划，在计划有效期之内向 激励对象授予不超过3.93亿股H股股份用于股权激励，上限约占已发行港股总数的10%。以当日收盘价 每股12.760港元计算，此次激励的总计划金额达50亿港元，约占公司港股总市值的1.8%。据悉，这是港 股近几年规模最大的股权激励计划之一。 ...

Group 1 - A-shares saw 43 stocks hitting the daily limit up and 6 stocks hitting the limit down on September 25 [1] - The non-ferrous metal sector was particularly active, with Jingyi Co. achieving a two-day limit up, and Luoyang Molybdenum and Northern Copper also hitting the limit up [1] - Notable continuous limit up stocks include *ST Yatai with 13 limit ups in 14 days, Huasoft Technology with 5 consecutive limit ups, and Lanfeng Biochemical with 4 consecutive limit ups [1] Group 2 - *ST Gaohong experienced a continuous limit down for 10 days, while ST Fuhua faced a 3-day limit down [1] - Other stocks facing limit down include *ST Gaosi and Taimushi with 2 consecutive limit downs, and Fulongma and Dazhong Public Utilities hitting the limit down [1]

智通财经APP获悉，洛阳钼业(03993)AH股早盘均创历史新高，截至发稿，A股涨停，H股涨14.53%，报 14.35港元，成交额13.62亿港元。 值得注意的是，9月23日晚，洛阳钼业发布一项重磅股权激励计划，拟建立H股受限制股票计划，在计 划有效期之内向激励对象授予不超过3.93亿股H股股份用于股权激励，上限约占已发行港股总数的 10%。以当日收盘价每股12.760港元计算，此次激励的总计划金额达50亿港元，约占公司港股总市值的 1.8%。据悉，这是港股近几年规模最大的股权激励计划之一。 消息面上，刚果金钴出口政策于9月21日正式落地，包括延长钴出口禁令至2025年10月15日，随后将实 施出口配额，2026至2027年配额将为正常产量的40%。此外，Freeport公司表示，由于发生致命泥流事 故，印度尼西亚格拉斯伯格铜矿的采矿作业自9月8日起已暂时停止，该矿山可能要到2027年才能恢复到 事故前的运营水平。 ...

Core Insights - Luoyang Molybdenum's trading volume reached 6.853 billion RMB, marking the highest level since June 23, 2022 [1] - The latest stock price increased by 9.98%, with a turnover rate of 2.85% [1] - The previous trading day's total trading volume was 1.863 billion RMB [1] Company Overview - Luoyang Molybdenum Co., Ltd. was established on December 22, 1999, with a registered capital of 4.2788620352 billion RMB [1]