According to the Zhitong Finance App, Luoyang Molybdenum Industry (03993) announced that during the performance forecast period from January 1, 2026 to June 30, 2026, according to preliminary estimates by the company's finance department, net profit attributable to shareholders of the Company is expected to be RMB 15.50 billion to RMB 16.50 billion in the first half of 2026. Compared with the same period last year, it will increase RMB 6.829 billion to 7.829 billion yuan, an increase of 78.76% to 90.29% year-on-year.

Net profit attributable to shareholders of the Company after deducting non-recurring profit and loss is expected to be RMB15.00 billion to RMB16.0 billion in the first half of 2026. Compared with the same period last year, it will increase RMB6.276 billion to RMB7.276 billion, an increase of 71.94% to 83.40% year-on-year.

The company's production of major copper products increased in the first half of 2026, and comprehensive economies of scale continued to show: copper metal production was about 38800 thousand tons, an increase of about 9.73% over the previous year.

The reason for the year-on-year increase in the company's performance in the first half of 2026 was a year-on-year increase in the volume and price of its main product, copper products, and a significant increase in the price of molybdenum and tungsten products. Combined with the Brazilian gold mining business, this led to an increase in performance.

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