The main indicators of Luoyang molybdenum hit a record high, with a profit of 4.15 billion yuan in the first half of the year increased by 72 %

[Dahecai Cube News] On August 21, Luoyang's molybdenum industry released mid -term performance in 2022, and its main performance indicators hit a record high. In the first half of the year, the operating income achieved 91.77 billion yuan, an increase of 8%year -on -year; the net profit attributable to the mother was 4.15 billion yuan, a year -on -year increase of 72%, of which the single quarterly profit of the second quarter was 2.36 billion yuan; The year -on -year increase of 59%; the revenue per share was 0.193 yuan, a year -on -year increase of 72%.

Thanks to the rise in commodity prices and the significant increase in the output of major products, the profitability of Luoyang's molybdenum industry has maintained a high -speed growth level. Through strengthening production process management in the first half of the year, the recovery rate of molybdenum and Brazilian phosphorus in China was super indicators, plus Congo (gold) TFM 10K production project, Australian E26L1N expansion project release production capacity, the company's main products in the company's main products (TFM+NPM80 %) Increased by 24.4%compared with the same period last year, cobalt output increased by 49.3%, and the output increased by 17.2%. At the same time, "Mining+Trade" continues to work together. The company's metal trading platform Eradon IXM realizes all products except molybdenum, tungsten, and phosphorus to maintain good operating performance. The US dollar, a year -on -year increase of more than 50%. In addition, the company's participation in the Nickel Cobalt project in Indonesia reached its production in April 2022, creating a new profit growth point.

It is worth noting that Luoyang's MSCI ESG rating continues to maintain A -level, ranking first echelon in the global industry, leading the domestic mining industry.

2022 is the construction year of Luoyang's molybdenum. At present, the company's two major projects in the Congo (Gold) TFM mixed mine and KFM are stepping up construction, with a cumulative investment of more than 4.3 billion U.S. dollars. Sun Ruiwen, president of Luoyang molybdenum, introduced that the two projects are currently promoted smoothly in accordance with the milestone plan, and the company is confident that it will be put into production in 2023 as scheduled. At that time, TFM will increase the annual output of 200,000 tons and a cobalt output of 17,000 tons. KFM will form a copper annual output of 90,000 tons and a cobalt output of 30,000 tons. Luoyang's copper -cobalt output will be doubled, and the profitability will be further enhanced.

Although the price of metals such as copper and cobalt has declined recently, Luoyang's molybdenum industry is highly optimistic about the prospects of new energy metal. Sun Ruiwen, president of Luoyang molybdenum industry, said: "Coping climate change has become a common action in various countries. Global towards dual carbon targets will bring continuous demand for new energy metals, including long -term demand for copper, cobalt, lithium, nickel, etc. We bring new development opportunities. "

Responsible editor: Li Zhen | Director: Wan Junwei

- END -