Xin Lang Cai Jing·2025-08-20 08:05Core Viewpoint - The company, Luoyang Molybdenum Co., Ltd., is a significant player in the non-ferrous metal mining industry, focusing on various metals including molybdenum, tungsten, cobalt, and copper, with a comprehensive integrated industrial chain [2]. Company Overview - Luoyang Molybdenum Co., Ltd. was established on December 22, 1999, and listed on October 9, 2012. The company primarily engages in the mining, selection, smelting, deep processing, and trading of precious metals [6]. - The company's revenue composition includes refined metal products (58.08%), concentrates (30.34%), copper (19.65%), cobalt (4.10%), molybdenum (2.96%), phosphorus (1.68%), niobium (1.39%), tungsten (0.86%), and others [6]. Business Operations - The company is among the top five molybdenum producers globally and the largest tungsten producer, as well as the second-largest cobalt and niobium producer [2]. - The company holds a 30% stake in the 60,000-ton nickel metal wet smelting project in Indonesia, which commenced production in December last year and is currently ramping up capacity [2]. - The company has been expanding its precious metals business, with gold production from its NPM copper-gold mine in Australia expected to increase from 16,000 ounces in 2022 to a guidance of 25,000 to 27,000 ounces in 2023, representing a year-on-year growth of 56% to 69% [2]. Financial Performance - As of March 31, 2025, the company reported a revenue of 46.006 billion yuan, a slight decrease of 0.25% year-on-year, while the net profit attributable to shareholders increased by 90.47% to 3.946 billion yuan [7]. - The company has distributed a total of 21.562 billion yuan in dividends since its A-share listing, with 10.576 billion yuan in the last three years [8]. Market Activity - On August 20, the company's stock price increased by 0.92%, with a trading volume of 1.942 billion yuan and a turnover rate of 1.02%, resulting in a total market capitalization of 234.268 billion yuan [1].