Group 1: Company Leadership Changes - Mr. Peng Xuhui submitted his resignation from the board of directors and chairman position at Tianma Microelectronics due to work adjustments, and he will not hold any positions in the company or its subsidiaries after his resignation [1] - Mr. Peng has extensive experience in advanced manufacturing, covering product research and development, factory management, marketing, supply chain, and overall company operations [2] Group 2: Industry Performance - Luoyang Molybdenum Co., Ltd. reported a net profit attributable to shareholders of 14.28 billion yuan for the first three quarters, representing a year-on-year increase of 72.61%, surpassing the total profit level of the previous year [3] - The company's market capitalization reached 359 billion yuan after a 5.53% increase on October 24 [3]

Group 1 - The company announced the resignation of Mr. Sun Ruiwen as President and Executive Director due to personal reasons, and Mr. Kenny Ives resigned as Vice President and Chief Commercial Officer to spend more time with family [1] - Mr. Peng Xuhui has been appointed as the new President and CEO, while Mr. Branko Buhavac has been appointed as the new Vice President and Chief Commercial Officer [1] - As of the first half of 2025, the company's revenue composition is as follows: mineral trading accounts for 86.87%, mining and processing accounts for 41.58%, other businesses account for 0.11%, and internal transactions offset by -28.56% [1] Group 2 - The company's market capitalization is currently 359 billion yuan [1]

Core Viewpoint - Luoyang Molybdenum Co., Ltd. (referred to as "the company") has announced a record cash dividend of 5.456 billion yuan for 2024, reflecting its commitment to shareholder returns and confidence in future profitability [2][3]. Financial Performance - In 2024, the company achieved operating revenue of 213.03 billion yuan, marking a 14.37% year-on-year increase and surpassing the 200 billion yuan threshold for the first time [3]. - The net profit attributable to shareholders reached 13.532 billion yuan, a significant increase of 64.03% year-on-year, also setting a historical high [3]. - Operating cash flow amounted to 32.387 billion yuan, showing a remarkable growth of 108.38% compared to the previous year [3]. Production and Market Position - The company produced 650,200 tons of copper in 2024, a 55% increase, positioning it among the top ten copper producers globally [4]. - The company plans to produce between 600,000 to 660,000 tons of copper in 2025, indicating a strong production outlook [4]. - The average copper price has risen by 7.65% year-to-date, contributing positively to the company's financial performance [4]. Strategic Initiatives - The company is pursuing a new round of expansion plans for existing mines, including the TFM West project and KFM Phase II, aiming for a copper production target of 800,000 to 1,000,000 tons by 2028 [4]. - Luoyang Molybdenum is actively seeking external growth opportunities while focusing on core products like copper and gold, with plans for strategic acquisitions in line with industry development trends [4][5]. Recent Acquisitions - On April 21, the company announced a cash acquisition of Lumina Gold for 581 million Canadian dollars, gaining full ownership of the Cangrejos gold project in Ecuador [5]. - The acquisition was completed on June 24, adding significant gold resources to the company's portfolio, with production expected to commence in 2028 at an annual output of approximately 11.5 tons [5].