洛阳钼业去年预盈超200亿元比增长约五成

Core Viewpoint - Luoyang Molybdenum Co., Ltd. (603993) expects a significant increase in net profit for 2025, projecting a range of 20 billion to 20.8 billion yuan, representing a year-on-year growth of 47.8% to 53.71% [1] Group 1: Financial Performance - The company anticipates a non-net profit of 20.4 billion to 21.2 billion yuan for 2025, indicating a year-on-year increase of 55.5% to 61.6% [1] - The projected net profit of 20 billion yuan would mark the highest performance since the company's listing [1] - Quarterly net profit estimates for the first three quarters of 2025 are 3.946 billion, 4.725 billion, and 5.608 billion yuan, with year-on-year growth rates of 90.47%, 41.24%, and 96.40% respectively [1] - The expected net profit for Q4 is between 5.72 billion and 6.52 billion yuan, reflecting a year-on-year growth of 8.77% to 23.98% [1] Group 2: Production Performance - In 2025, copper production is projected to reach 741,100 tons, an increase of over 90,000 tons from the previous year, achieving 118% of the production guidance [1][2] - Other products also exceeded expectations, with cobalt production at 117,500 tons (107% completion), molybdenum at 13,900 tons (103%), tungsten at 7,114 tons (102%), niobium at 10,300 tons (103%), and phosphate fertilizer at 1.21 million tons (105%) [2] - The company plans to produce between 760,000 and 820,000 tons of copper, 100,000 to 120,000 tons of cobalt, and other minerals in 2026 [2] Group 3: Gold Business Expansion - Luoyang Molybdenum has been actively acquiring gold assets, including the purchase of the Ecuadorian KGHM gold mine and a $1.015 billion acquisition of three Brazilian gold assets, which collectively contain 5.013 million ounces of gold resources [4][5] - The company expects an additional annual gold production of approximately 8 tons from these acquisitions, with the potential to exceed 20 tons once the Ecuadorian project is operational [5] - The company has set a gold production target of 6 to 8 tons for the year 2025 [5]