Luoyang Molybdenum (603993.SH) issued a forecast of an increase, with the expected net profit attributable to the parent in the first half of the year expected to increase by 51.37% to 67.98% year-on-year.

According to the Zhitong Financial APP, Luoyang Molybdenum (603993.SH) announced that it is expected to achieve a net profit attributable to shareholders of the listed company of 8.2 billion to 9.1 billion yuan in the first half of 2025, an increase of 2.783 billion to 3.683 billion yuan compared to the same period of the previous year, a year-on-year increase of 51.37% to 67.98%. The main reason for the year-on-year growth in the company's performance in the first half of 2025 is the increase in the prices of main products copper and cobalt compared to the same period last year, combined with an increase in copper product production and sales volume, which has led to an increase in performance.