Performance growth accelerates the stock price upward, but important shareholders of Jinye molybdenum shares are determined to reduce their holdings

Golden Molybdenum (601958) is one of the few domestic companies with molybdenum -based companies. The company's main molybdenum -related products include molybdenum furnace, molybdenum metal, and molybdenum chemical. The operating income of molybdenum business accounts for 85%. High level. Recently, the company issued a pre -increased announcement of the 2022 interim report performance. It is expected that the net profit will be between 625 million yuan to 715 million yuan in the first half of the year, an increase of 159%to 196%year -on -year. In this context, the company's important shareholders are determined to reduce their holdings.

Performance pre -happy stock price upward

On July 1, Golden Moof shares issued the first 2022 interim results preview of listed companies in Shaanxi. Regarding the pre -increased performance in the first half of this year, Golden Molybdenum said: "During the reporting period, the domestic and foreign molybdenum markets generally showed a rising market. The transaction prices of major molybdenum products increased year -on -year. The cost control and control, the product profitability has been effectively improved, and the steady growth of operating performance has been achieved. "

In terms of stock price performance, since April 26 this year, the company's stock price has risen from 6.62 yuan/share to 8.80 yuan/share, and the stock price has increased by 35.04%during the period. From the perspective of the industrial chain, the gold molybdenum mining mining business involves the upstream of the industrial chain. The production of molybdenum furnaces and molybdenum chemical industry involves the middle reaches of the industrial chain. The company's molybdenum metal deep processing equipment technology in the lower reaches of the industrial chain ranks among the top domestic peers.

"In the context of the continued increase in molybdenum prices, the company's comprehensive layout of the molybdenum industry chain may continue to open a profit space for the company." Li Zizhuo, an analyst at East Asia Qianhai Securities, believes that "the company's molybdenum ore resources are rich and they have Jindui City Two large -scale large -scale ore produced in molybdenum ore and Donggou molybdenum ore. Among them, the annual output of Jindui City molybdenum ore reached 12.714 million tons; the annual output of Donggou molybdenum ore reached 7.8519 million tons. In the future, molybdenum mineral capacity is expected to further expand. "

The controlling shareholder has not been implemented yet

So, how does the company think of its core investment value?

In this regard, the Ministry of Gold Molybdenum Co., Ltd. said: "The company's profit comes from molybdenum, the company has cultivated in the molybdenum industry for many years. At present, the production capacity is fully released. When the molybdenum price is at a relatively high level, it will benefit full. At present, two large -scale open -air molybdenum mines are operated. Among them, Jindui City molybdenum ore is one of the six largest native molybdenum ores in the world. It has abundant reserves, high grades, and hybrids. It is especially suitable for deep processing. 0.083%, according to the company's existing mining capacity, it can still serve more than 36 years; Ruyang Donggou molybdenum ore volume is 480 million tons, with an average quality of 0.12%, and the service life is 58 years. "

In terms of major issues, the company released a fixed increase plan in May. The company plans to raise no more than 1.9 billion yuan for the overall mining and transformation project of the Molybdenum Mine in Jindui City, the low -concentration of molybdenum roasted flue gas acid upgrade project, and supplementary mobile funds.

"The implementation of this fundraising project is conducive to the company's strategic opportunities to seize the important development of the molybdenum industry, from improving production efficiency, reducing energy consumption, reducing emissions, improving the operating environment, and realizing the depth of the selection. Through the implementation of the overall upgrade and transformation project of the mining factory, the mining equipment is finally achieved, high -efficiency, refined and intelligent management, reduced overall mining costs, and the economic benefits, social benefits and environmental benefits of enterprises have been greatly improved. "

"After the transformation, Jindui City's molybdenum ore will eliminate backward production capacity and introduce the WSA wetting method technology and equipment to promote cost reduction and efficiency, and continue to expand product profit space." Yangwu Securities analyst Yang piece believes.

In the context of accelerating the stock price of Golden Molybdenum shares, the company's controlling shareholder of the company's controlling shareholder Jindui City Molybdenum Group was reduced from June 24, 2022 to July 4, 2022 to reduce the company's shares of 8.0664 million shares through centralized bidding. It accounts for 0.25%of the company's total share capital. In response, Jinmodin shares stated that the cumulative reduction of 32.66 million shares of Jindui City Molybdenum Group, accounting for 1%of the company's total share capital, and the reduction plan has not yet been implemented. During the reducing holdings, the Jindui City Molybdenum Group will be based on it. Selecting market conditions, company stock prices and other factors whether to implement and how to implement a reduction plan, and the number and price of holdings are uncertain. Reporter Zhang Yan

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