Jinduicheng Molybdenum (SH:601958) Jing Ji Guan Cha Wang·2026-02-12 05:53Company Project Advancement - On January 15, 2026, Jintong Co. signed an agreement with Zijin Mining (601899) to acquire a 24% stake in Anhui Jinsha Molybdenum for 1.731 billion yuan, increasing its ownership in Jinsha Molybdenum from 10% to 34%. The core asset, Shapinggou Molybdenum Mine, is a super-large single molybdenum mine globally. Both parties will jointly invest to establish a smelting company, led by Jintong Co. with a 51% stake, to enhance industry chain integration [1]. Performance and Operating Conditions - According to the performance report released on January 30, 2026, Jintong Co. achieved total operating revenue of approximately 14.056 billion yuan in 2025, representing a year-on-year increase of 3.57%. The net profit attributable to shareholders was about 3.188 billion yuan, up 6.89%. The total sales volume of molybdenum products reached a historical high for two consecutive years, laying a foundation for development in 2026 [2]. Business Status - In January 2026, the subsidiary Jintong Guangming Molybdenum Metal reported a year-on-year production increase of 79.31%, with fine molybdenum wire production rising by 86.92% and coarse molybdenum wire sales soaring by 139.28%. This reflects strong momentum in the deep processing sector [3]. Business and Technical Development - In 2025, the company made breakthroughs in high-end fields, such as advancements in the technology for molybdenum alloy thin-walled pipes. The management indicated during the Q3 2025 earnings call that in 2026, the focus will be on developing new production capabilities to enhance the competitiveness of the industry chain [4].