Core Viewpoint - Luoyang Molybdenum's significant profit growth in the first half of 2025 is attributed to rising prices of key products such as copper and cobalt, alongside increased production and sales volumes [2] Group 1: Financial Performance - The company expects a net profit attributable to shareholders of between 8.2 billion to 9.1 billion yuan, representing a year-on-year increase of 51.37% to 67.98% [2] - The non-recurring net profit is projected to be between 8.3 billion to 9.2 billion yuan, reflecting a growth of 47.55% to 63.55% year-on-year [2] Group 2: Production and Sales - The production of cobalt metal reached 61,100 tons, marking a year-on-year increase of approximately 13.05% [2] - Copper metal production was 353,600 tons, showing a year-on-year growth of about 12.68% [2] - The completion rate for the 2025 production guidance is 56% [2] Group 3: Strategic Developments - The company has successfully acquired 100% ownership of the Cangrejos Project in Ecuador, which has a resource reserve of 1.376 billion tons and an average gold grade of 0.46 g/t, containing 638 tons of gold [5] - The project is expected to commence production in 2028, with an anticipated annual output of 11.5 tons of gold [5] - The company aims to enhance its organizational structure and management to achieve its annual operational goals and foster significant growth [5] Group 4: Market Conditions - The Congolese government has extended a ban on cobalt raw material exports, but the company believes this will not have a significant impact on its operations [3][4]

Core Viewpoint - Luoyang Molybdenum Industry (603993) expects a significant increase in net profit for the first half of 2025, driven by rising copper and cobalt prices, alongside increased production and sales of copper products [2][3]. Financial Performance - The company anticipates a net profit attributable to shareholders between 8.2 billion to 9.1 billion yuan, representing a year-on-year increase of 27.83 billion to 36.83 billion yuan, or a growth of 51.37% to 67.98% [2]. - The expected net profit excluding non-recurring items is projected to be between 8.3 billion to 9.2 billion yuan, an increase of 26.75 billion to 35.75 billion yuan, translating to a growth of 47.55% to 63.55% year-on-year [2]. Production and Sales - For the first half of 2025, copper production is expected to reach 353,600 tons, a year-on-year increase of approximately 12.68%, while cobalt production is projected at 61,100 tons, up about 13.05% [2][3]. - The completion rate for copper production based on the mid-point of the 2025 production guidance is 56% [3]. Market Trends - Copper prices have shown an upward trend in the first half of the year, with global exchanges reporting price increases between 5% to 20% [2]. - Cobalt prices have also surged, with a reported increase of approximately 50% from January 2 to June 30 [2]. Strategic Acquisitions - The company completed the acquisition of Lumina Gold for 581 million Canadian dollars, gaining 100% ownership of the Cangrejos Project in Ecuador, which adds significant gold resources to its portfolio [4]. - The Cangrejos Project has an estimated resource of 1.376 billion tons with an average gold grade of 0.46 g/t, containing 638 tons of gold, and is expected to have a service life of 26 years [4]. Future Outlook - The Cangrejos Project is planned to commence production in 2028, with an expected annual gold output of 11.5 tons [4]. - The company aims to leverage its experience in South America to enhance operational synergies and utilize advanced mining technologies for the new gold project [4].

2025 年半年度业绩预增公告 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个别及连带责任。 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： 1、预计 2025 年上半年实现归属于上市公司股东的净利润为 82 亿元到 91 亿元,与上年同期（法定披露数据，下同）相比增加 27.83 亿元到 36.83 亿元，同比增加 51.37%到 67.98%。 股票代码：603993 股票简称：洛阳钼业 编号：2025—040 洛阳栾川钼业集团股份有限公司 2、预计 2025 年上半年实现归属于上市公司股东的扣除非经常性 损益的净利润 83 亿元到 92 亿元，与上年同期相比增加 26.75 亿元到 35.75 亿元，同比增加 47.55%到 63.55%。 一、本期业绩预告情况 （一）业绩预告期间：2025年1月1日至2025年6月30日。 （二）业绩预告情况 1 1、预计 2025 年上半年实现归属于上市公司股东的净利润为 82 亿元到 9 ...

智通财经7月14日电，洛阳钼业(603993.SH)发布2025年半年度业绩预告，预计归属于上市公司股东的净 利润为82亿元到91亿元，同比增加51.37%到67.98%。主要原因是主要产品铜钴价格同比上升，叠加铜 产品产销量增长，带动业绩提升。公司主要产品产量实现增长，其中铜金属产量同比增长约12.68%， 钴金属产量同比增长约13.05%。 洛阳钼业：上半年净利同比预增51.37%-67.98% ...

Summary of Luoyang Molybdenum Co. Conference Call Industry Overview - The U.S. has imposed a 25% tariff on copper, exceeding market expectations, with limited impact on demand and supply but affecting global logistics [2][4] - If Chile receives exemptions or tariffs are implemented in phases, copper prices may rebound, presenting buying opportunities during price dips [2][4] Company Performance - Luoyang Molybdenum has become the largest cobalt producer globally, with a projected 38% of global production in 2024 and 50% from the Democratic Republic of Congo [2][5] - The company’s tungsten inventory was sold out by Q2, potentially impacting Q3 profits, but H1 profits have already matched the previous year's total [2][5] - Copper production growth is leading among global copper mining companies, with an expected annual compound growth rate of approximately 9% over the next five years, primarily driven by TFM mine expansion and KFM project contributions [2][6][11] Project Developments - The KFM project has exceeded expectations, with annual production capacity increased to over 200,000 tons, benefiting from shared infrastructure with TFM [2][9] - The company acquired an Ecuadorian gold mine with reserves of 638 tons, expected to produce 11.6 tons of gold annually starting in 2028, with a design life exceeding 20 years [2][10] Future Projections - Luoyang Molybdenum aims to expand copper production capacity to 800,000 to 1,000,000 tons by 2028, with significant contributions from TFM and KFM projects [2][6][11] - The company’s copper production forecast is conservative, with potential for further increases if copper prices rise to favorable levels [2][7] Financial Sensitivity - A rise of 5,000 RMB/ton in copper prices could increase profits by approximately 1.3 billion RMB, while a 30,000 RMB/ton increase in cobalt prices could add 600-700 million RMB to net profits [3][12] - The company's profit center is estimated at around 15.6 billion RMB under baseline assumptions [3][12] Resource Comparison - As of 2023, Luoyang Molybdenum has a resource volume of 27 million tons, significantly lower than leading global companies like Codelco and BHP, but comparable to some large mining firms [2][8]

股票代码：603993 股票简称：洛阳钼业 编号：2025—039 洛阳栾川钼业集团股份有限公司 关于对外担保计划的公告 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。 重要内容提示： 一、担保审批及授权情况 2025年5月30日，公司2024年年度股东大会审议通过《关于本公 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19亿元的担保。 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21.62%。敬请投资者注意相关风险。 司2025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 ...

汇丰银行将 洛阳钼业A股评级下调至持有，目标价8.60元人民币。 ...

Core Viewpoint - Luoyang Molybdenum Co., Ltd. (SH603993) is facing a temporary suspension of cobalt metal deliveries by its wholly-owned subsidiary IXM due to a force majeure event related to the extension of a cobalt export ban in the Democratic Republic of Congo (DRC) [1][3] Group 1: Company Operations - IXM's business covers over 80 countries across Asia, Europe, South America, and North America, leveraging strategic synergies between trading and mining sectors [2] - In 2024, IXM is projected to complete a physical trading volume of 4 to 4.5 million tons, with a net profit attributable to the parent company of 1.353 billion yuan [2] - Luoyang Molybdenum is the world's largest cobalt producer, expecting to produce 114,200 tons of cobalt in 2024, a year-on-year increase of 106% [2] Group 2: Market Impact - The DRC's cobalt export ban has been extended for an additional three months to alleviate market pressure from high inventory levels and to create conditions for future market regulation [3][4] - Since the initial ban in February, cobalt prices have risen significantly, from 162,500 yuan per ton on February 24 to 245,000 yuan per ton on July 2 [4][5] - The DRC accounts for approximately 75% of global cobalt production, with an estimated output of 207,400 tons in 2024, reflecting a year-on-year increase of 20.56% [4] Group 3: Future Outlook - Industry experts suggest that continued restrictions on cobalt exports from the DRC may lead to a shift from a surplus to a potential shortage in the cobalt market by the early 2030s [5] - By 2025, China's refined cobalt production is expected to meet domestic consumption and export needs without creating excess inventory, with a projected output of 144,000 tons [5]

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6月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 洛陽欒川鉬業集團股份有限公司 呈交日期: 2025年7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 | | 0.2 RMB | | 786,693,600 | | 2. 股份分類 | 普通股 | 股份類別 ...

Core Viewpoint - Luoyang Molybdenum Co., Ltd. (referred to as "the company") has announced a record cash dividend of 5.456 billion yuan for 2024, reflecting its commitment to shareholder returns and confidence in future profitability [2][3]. Financial Performance - In 2024, the company achieved operating revenue of 213.03 billion yuan, marking a 14.37% year-on-year increase and surpassing the 200 billion yuan threshold for the first time [3]. - The net profit attributable to shareholders reached 13.532 billion yuan, a significant increase of 64.03% year-on-year, also setting a historical high [3]. - Operating cash flow amounted to 32.387 billion yuan, showing a remarkable growth of 108.38% compared to the previous year [3]. Production and Market Position - The company produced 650,200 tons of copper in 2024, a 55% increase, positioning it among the top ten copper producers globally [4]. - The company plans to produce between 600,000 to 660,000 tons of copper in 2025, indicating a strong production outlook [4]. - The average copper price has risen by 7.65% year-to-date, contributing positively to the company's financial performance [4]. Strategic Initiatives - The company is pursuing a new round of expansion plans for existing mines, including the TFM West project and KFM Phase II, aiming for a copper production target of 800,000 to 1,000,000 tons by 2028 [4]. - Luoyang Molybdenum is actively seeking external growth opportunities while focusing on core products like copper and gold, with plans for strategic acquisitions in line with industry development trends [4][5]. Recent Acquisitions - On April 21, the company announced a cash acquisition of Lumina Gold for 581 million Canadian dollars, gaining full ownership of the Cangrejos gold project in Ecuador [5]. - The acquisition was completed on June 24, adding significant gold resources to the company's portfolio, with production expected to commence in 2028 at an annual output of approximately 11.5 tons [5].