CITIC Securities: Gives Luoyang Molybdenum Co., Ltd. (03993.HK) a "buy" rating, as its copper production in the first half of 2025 reaches a new historical high for the same period.

According to the Wisdom Financial APP, Zhongxin Securities released a research report stating that it is estimated that Luoyang Molybdenum Industry (03993.HK) will achieve a net profit attributable to the mother of 16.3 billion yuan, 18.5 billion yuan, and 21 billion yuan respectively from 2025 to 2027, with corresponding PE ratios of 16.84, 14.86, and 13.09 times the current stock price. Considering the company's industry position, growth potential, and low cost advantages, the company is given a "buy" rating. In the first half of 2025, the company achieved operating income of 94.773 billion yuan and a net profit attributable to the mother of 8.671 billion yuan, an increase of 60.07% year-on-year, reaching the best profit level in history for the same period.