Zheng Quan Ri Bao·2025-10-24 17:48Core Viewpoint - Luoyang Molybdenum Co., Ltd. reported significant growth in revenue and net profit for the first three quarters of 2025, driven by increased copper production and sales, alongside rising copper prices [1][2]. Financial Performance - The company achieved a revenue of 145.485 billion yuan and a net profit of 14.28 billion yuan, marking a year-on-year increase of 72.61%, setting a historical record for the same period [1]. - In Q3 alone, the net profit attributable to shareholders reached 5.608 billion yuan, reflecting a 96.4% year-on-year growth [1]. Production and Sales - Copper production reached 543,400 tons, a 14.14% increase year-on-year, with a completion rate of 86.25% against production guidance [1]. - Copper sales amounted to 520,300 tons, up 10.56% year-on-year [1]. Market Conditions - The average domestic copper price in the first three quarters was 78,266 yuan per ton, an increase of 4.22% year-on-year, indicating a general upward trend in prices [2]. - Global copper supply remains tight, with several mining supply issues reported, while refined copper smelting capacity is expected to expand rapidly from 2023 to 2026 [2]. Strategic Developments - The company plans to invest 1.084 billion USD in the second phase of the Jinshan Mining project, expected to produce an additional 100,000 tons of copper annually upon completion in 2027 [2]. - Luoyang Molybdenum is focusing on establishing lean operational production methods and building a global platform organization to drive future growth [3]. Personnel Changes - Recent organizational upgrades include the appointment of Peng Xuhui as President and CEO, and Branko Buhavac as Vice President and Chief Commercial Officer [2].