Xin Lang Cai Jing·2025-10-17 07:31Core Viewpoint - The company, Luoyang Molybdenum Co., Ltd., experienced a 4.20% decline in stock price on October 17, with a trading volume of 4.489 billion yuan and a total market capitalization of 321.77 billion yuan [1] Company Overview - Luoyang Molybdenum is the world's second-largest cobalt producer, primarily selling cobalt products such as cobalt hydroxide in international markets [2] - The company operates in the non-ferrous metal mining industry, focusing on the extraction, smelting, and deep processing of metals including copper, molybdenum, tungsten, cobalt, niobium, and phosphorus, and is among the top five molybdenum producers globally [2] - The company has a comprehensive integrated industrial chain and is also the largest tungsten producer and a leading copper producer [2] Recent Developments - In the first half of 2025, the company signed a share transfer agreement to acquire 100% of Woyuan Holdings, indirectly increasing its stake in Huayue Nickel Cobalt to 30% [2] - The company has been expanding its precious metals business, with revenue and profit contributions from gold and silver products increasing year by year [2] Production and Financial Performance - The company owns 80% of the NPM copper-gold mine in Australia, with gold equity production of 16,000 ounces in 2022 and a guidance of 25,000 to 27,000 ounces for 2023, representing a year-on-year increase of 56% to 69% [3] - The company successfully completed the acquisition of Ecuador's Odin Mining (KGHM Gold Mine) in the first half of 2025, with plans to commence production before 2029 [3] Financial Metrics - For the first half of 2025, the company reported operating revenue of 94.773 billion yuan, a year-on-year decrease of 7.83%, while net profit attributable to shareholders increased by 60.07% to 8.671 billion yuan [8] - 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%), and molybdenum (3.12%) [7] Shareholder Information - As of June 30, 2025, the company had 237,500 shareholders, a decrease of 15.95% from the previous period [8] - Major shareholders include Hong Kong Central Clearing Limited and various ETFs, with notable increases in holdings [9]