Group 1 - The core viewpoint of the article highlights the performance and valuation of Luoyang Molybdenum Co., Ltd., noting its recent stock price increase and low rolling PE ratio compared to the industry average [1][2] - As of the first quarter of 2025, Luoyang Molybdenum reported a revenue of 46.006 billion yuan, a slight decrease of 0.25% year-on-year, while net profit surged by 90.47% to 3.946 billion yuan, with a gross margin of 22.33% [1] - The company ranks fifth in the small metals industry based on PE ratio, with an average industry PE of 53.16 and a median of 48.90 [1][2] Group 2 - Luoyang Molybdenum's total market capitalization is approximately 178.44 billion yuan, with 166 institutions holding shares, including 160 funds [1] - The company's main business includes mining and processing of base and rare metals, with key products such as molybdenum, tungsten, copper, cobalt, and niobium [1]

Group 1: Industry Overview - The cobalt industry is experiencing a significant change in fundamentals, with the Democratic Republic of Congo (DRC) extending its cobalt export ban, which has led to a temporary reversal in supply-demand dynamics and a rebound in cobalt prices [1][9] - Cobalt prices have historically gone through multiple cycles, with the current cycle being influenced by the demand from the electric vehicle and aerospace industries since 2016 [2][4] - The DRC controls over 70% of global cobalt supply, and its export restrictions have contributed to a price increase from a low of $9.5 per pound to $15.75 per pound [1][9] Group 2: Company Performance - Luoyang Molybdenum Co., Ltd. (603993.SH) has become the world's largest cobalt producer, with production expected to rise significantly from 5.55 million tons in 2023 to 11.42 million tons in 2024, increasing its market share from around 10% to nearly 40% [7][8] - The company has seen a substantial increase in profitability due to the recovery in cobalt prices and the resumption of exports after a period of restrictions [14][15] - Despite being the largest cobalt producer, cobalt is a byproduct for the company, with copper being the primary profit driver, projected to generate a gross profit of 21 billion yuan in 2024 compared to 3 billion yuan from cobalt [15][16] Group 3: Market Dynamics - The recent extension of the export ban by the DRC has raised concerns about potential raw material shortages for Chinese cobalt refineries, which may face supply challenges in the latter half of the year [11][12] - There are differing opinions on whether alternative sources and existing inventories can meet demand, with some analysts suggesting that even without DRC exports, global cobalt supply in 2025 will be sufficient to meet consumption needs [12] - The market is closely monitoring the DRC's decisions regarding export quotas, which could further influence cobalt prices and supply dynamics [1][9]

Core Viewpoint - Luoyang Molybdenum has successfully acquired Lumina Gold, gaining 100% ownership of the Cangrejos Project in Ecuador, thereby expanding its gold resource portfolio [1] Group 1: Acquisition Details - The acquisition was completed on June 24, 2025, for a total cash consideration of CAD 581 million [1] - The Cangrejos Project is located in the El Oro province of Ecuador, with a resource estimate of 1.376 billion tons and an average gold grade of 0.46 g/t, containing 638 tons of gold [1] - The mine has a projected lifespan of 26 years [1] Group 2: Strategic Importance - This acquisition marks Luoyang Molybdenum's second asset in South America, following its 2016 acquisition of niobium and phosphate operations in Brazil [2] - The company plans to leverage its extensive experience in South America to maximize synergies and implement advanced mining technologies [2] Group 3: Production and Economic Outlook - The project is expected to commence production by 2028, with an annual output of approximately 11.5 tons of gold [2] - The Cangrejos Project could increase Ecuador's gold production by nearly 50%, as the country is projected to produce 24.3 tons of gold in 2024 [2] - The all-in sustaining cost (AISC) for the mine is estimated at around USD 671 per ounce, positioning it within the lower cost quartile of global gold mines [3] Group 4: Future Prospects - The company anticipates potential increases in resource reserves based on ongoing exploration efforts [3] - The favorable infrastructure surrounding the mine, including proximity to major transport routes and water sources, is expected to enhance cost competitiveness [3] - Luoyang Molybdenum views gold as a key asset for future expansion, recognizing its dual financial and industrial attributes in the current economic landscape [3]

洛阳钼业回应刚果(金)钴出口禁令延长：当地矿区生产运营活动正常进行 金十数据6月23日讯，刚果(金)战略矿产市场监管控制局6月21日宣布，将今年2月出台的刚果(金)钴出口 禁令继续延长三个月。针对此事，全球最大钴生产商洛阳钼业于6月23日回应称，目前，公司TFM及 KFM矿区生产运营活动正常进行，预计该临时禁令的延长不会对经营业绩产生重大影响。该公司同时 表示："自首次禁令发布以来，公司始终与刚果(金)政府及行业管理机构保持密切沟通。针对新的情 况，公司将继续保持与相关各方的沟通，密切跟踪政策进展。" （界面） ...

Core Points - The company announced a cash dividend of 0.255 CNY per share (including tax) for A shares [1][2] - The dividend distribution was approved at the annual shareholders' meeting held on May 30, 2025 [1][2] - The record date for the dividend is June 26, 2025, with the ex-dividend date and payment date both set for June 27, 2025 [1][4] Dividend Distribution Details - The total number of shares eligible for the dividend distribution is 21,499,240,619, with A shares accounting for 17,460,842,176 after excluding 104,930,443 shares held in the buyback account [2][3] - The total cash dividend to be distributed amounts to approximately 5.46 billion CNY, with 4.45 billion CNY allocated to A shares [2][3] - The calculation for the ex-dividend reference price for A shares is based on the formula: (previous closing price - cash dividend) / (1 + change in circulating shares ratio) [2][3] Taxation and Payment Procedures - Individual shareholders and mutual funds will have their tax liabilities calculated based on their holding periods, with a tax rate of 20% for holdings of one month or less and 10% for longer periods [4][5] - Qualified Foreign Institutional Investors (QFIIs) will have a uniform withholding tax rate of 10% applied to their dividends [5] - For investors in Hong Kong's Stock Exchange (including both individuals and corporations), the actual cash dividend after tax will be 0.2295 CNY per share [5][6]

上海市通力律师事务所 关于洛阳栾川钼业集团股份有限公司 差异化分红事项之专项法律意见书 致:洛阳栾川铝业集团股份有限公司 上海市通力律师事务所(以下简称"本所")接受洛阳栾川钼业集团股份有限公司(以下简 称"洛阳钼业"或"公司")的委托,指派本所张征轶律师、徐安昌律师(以下合称"本所律 师")根据《中华人民共和国公司法》(以下简称"《公司法》")、《中华人民共和国证券 法》(以下简称"《证券法》")、《上海证券交易所上市公司自律监管指引第 7号 -- 回购 股份》(以下简称"《自律监管指引》")、《上海证券交易所上市公司自律监管指南第２号 -- 业务办理》等法律、法规及规范性文件(以下简称"法律、法规及规范性文件",该等 法律、法规及规范性文件不包括香港特别行政区、澳门特别行政区和台湾地区的法律法规) 以及《洛阳栾川钼业集团股份有限公司章程》(以下简称"《公司章程》")的规定,就洛阳 铝业 2024 年度利润分配所涉及的差异化分红特殊除权除息处理(以下简称"本次差异化分 红")相关事项出具法律意见。 为出具本法律意见书. 本所律师已经严格履行法定职责,遵循了勤勉尽责和诚实信用原 则,对洛阳铝业本次差异化分红所 ...

证券代码：603993 证券简称：洛阳钼业 公告编号：2025-038 洛阳栾川钼业集团股份有限公司2024年年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.255元（含税） 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/26 | － | 2025/6/27 | 2025/6/27 | 差异化分红送转：是 公司 H 股股东的现金红利派发不适用本公告，具体可参阅公司在香 港联合交易所有限公司网站（www.hkexnews.hk）发布的相关公告。 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 30日的2024年年度股东大会 审议通过。有关股东大会决议公告于 2025 年 5 月 31 日刊登在《上海 证券报》、上海证券交易所网站和本公司网站。 二、 分配方案 1. 发放年度：2 ...

Core Points - The company has elected Liu Jianfeng as the chairman of the board and legal representative during the third temporary meeting of the seventh board of directors held on May 30, 2025 [1] - The company has completed the necessary business registration changes and obtained a new business license from the Luoyang Market Supervision Administration, with the legal representative now being Liu Jianfeng [1] - The registered capital of the company is 4.299848124 billion RMB, and it was established on December 22, 1999 [1] Company Information - The company is named Luoyang Luanchuan Molybdenum Industry Group Co., Ltd. and operates as a joint-stock company with investments from Hong Kong, Macau, and Taiwan [1] - The company's business scope includes the mining, selection, smelting, and deep processing of tungsten and molybdenum series products, as well as the import and export of necessary raw materials and machinery [1]

洛阳栾川钼业集团股份有限公司（以下简称"公司"）于2025 年5月30日召开第七届董事会第三次临时会议，审议通过关于选举本 公司第七届董事会董事长的议案，同意选举刘建锋先生为公司第七 届董事会董事长，同时担任公司法定代表人。 近日，公司办理完成了相关工商变更登记手续，并取得了洛阳 市市场监督管理局换发的《营业执照》，法定代表人变更为刘建锋先 生，原营业执照其他登记事项未发生变更。 | 名称 | 洛阳栾川钼业集团股份有限公司 | | --- | --- | | 统一社会信用代码 | 91410000171080594J | | 注册资本 | 肆拾贰亿玖仟玖佰捌拾肆万捌仟壹佰贰拾肆人民币元整 | | 成立日期 | 1999年12月22日 | | 类型 | 股份有限公司（港澳台投资、上市） | | 法定代表人 | 刘建锋 | 变更后的营业执照主要登记信息如下： 股票代码：603993 股票简称：洛阳钼业 编号：2025—037 洛阳栾川钼业集团股份有限公司 关于变更法定代表人并换发营业执照的公告 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 ...

股票代码：603993 股票简称：洛阳钼业 编号：2025—036 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15亿元的担保。 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20.79%。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 ...