Zhi Tong Cai Jing·2025-09-01 10:16Core Viewpoint - Goldman Sachs has raised its earnings forecast for Luoyang Molybdenum Co., Ltd. (603993) for 2025 to 2027 by 5% to 9%, citing expected increases in copper and other rare metal prices, which will drive a 38% growth in recurring profits for the year [1] Group 1: Earnings Forecast and Target Price - The target price for Luoyang Molybdenum's H-shares has been increased from HKD 9.5 to HKD 10.8 [1] - The target price for Luoyang Molybdenum's A-shares has been raised from CNY 11.5 to CNY 13 [1] Group 2: Financial Performance - Luoyang Molybdenum reported a net profit of CNY 8.67 billion for the first half of the year, representing a year-on-year increase of 60% [1] - Excluding one-time items, the recurring net profit was CNY 8.62 billion, a year-on-year growth of 52%, which exceeded market expectations but was 8% lower than Goldman Sachs' forecast due to higher-than-expected sales costs in the Democratic Republic of Congo [1]