Ge Long Hui·2025-10-30 07:41Core Viewpoint - Zhongyin International reported that Luoyang Molybdenum's net profit for the third quarter reached 5.6 billion yuan, representing a quarter-on-quarter increase of 19%, and exceeding the bank's expectations by 62% due to higher-than-expected copper sales and a lower effective tax rate [1] Group 1 - The bank anticipates that Luoyang Molybdenum's earnings in the fourth quarter of 2025 will grow by 42% quarter-on-quarter, driven by recent copper price increases and one-time disposal gains [1] - The bank has raised its earnings forecasts for 2025 to 2027 by 4% to 19% following the earnings release [1] - Following the earnings announcement, the target price was adjusted from 13.91 HKD to 15.56 HKD, while maintaining a "Hold" rating due to the high marginal tax rate in the Democratic Republic of the Congo, which diminishes the benefits from strong copper prices [1]