Jing Ji Guan Cha Wang·2026-02-20 03:29Core Viewpoint - Luoyang Molybdenum Co., Ltd. is expected to achieve a record net profit of 20 billion to 20.8 billion yuan in 2025, marking a year-on-year growth of 47.80% to 53.71% [1] Group 1: Financial Performance - The company reported a revenue of 145.485 billion yuan and a net profit of 14.28 billion yuan for the first three quarters, reflecting a year-on-year increase of 72.61% [1] - The copper production target for 2026 is set at 760,000 to 820,000 tons, while cobalt production is projected at 100,000 to 120,000 tons [1] Group 2: Recent Events - On February 13, 2026, the company announced the completion of the acquisition of four gold mines in Brazil, which are now fully operational [2] - The gold production from these mines is expected to contribute 6 to 8 tons in 2026, with a long-term goal of reaching 20 tons by 2030 [2] Group 3: Stock Performance - On February 13, 2026, the A-share price of Luoyang Molybdenum fell by 5.09% to 21.98 yuan, with a trading volume of 6.235 billion yuan [3] - The stock experienced a net outflow of 1.41 billion yuan from institutional investors, while retail investors saw a net inflow of 1.248 billion yuan [3] Group 4: Institutional Opinions - Citigroup raised the target price for Luoyang Molybdenum from 20.6 HKD to 28.3 HKD, maintaining a "Buy" rating, with expectations of a 2.4 billion yuan net profit contribution from the Brazilian gold mines in 2026 [4] - The consensus target price from various institutions is 35.22 yuan, indicating a potential upside of 60.24% from the latest price [4]