Luoyang Molybdenum(603993.SH) announced its 2025 annual performance, with net profit attributable to shareholders of 20.339 billion yuan, a 50.30% increase.

Zhitong Finance APP news, Luoyang Molybdenum Co., Ltd. (603993.SH) released its annual report for 2025, reporting an operating revenue of 206.684 billion yuan, a year-on-year decrease of 2.98%. The net profit attributable to shareholders of the listed company was 20.339 billion yuan, a year-on-year increase of 50.30%. The net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, was 20.407 billion yuan, a year-on-year increase of 55.56%. The basic earnings per share were 0.95 yuan. In addition, it is proposed to distribute a cash dividend of 2.86 yuan (including tax) for every 10 shares to all shareholders.

In terms of production, in 2025, the company’s output of all products exceeded the median of the output guidance, with core products performing exceptionally well: copper output reached 741,100 tons, a year-on-year increase of 13.99%, ranking among the top ten copper producers in the world; niobium output reached 10,300 tons, a year-on-year increase of 3.23%.

In 2025, the company will focus on expanding its gold resources, officially launching its gold business segment through a series of precise acquisition actions, achieving diversification upgrades in its mineral layout. In June, the company successfully completed the acquisition of 100% equity of the world-class gold asset Odin Mining in Ecuador for 581 million Canadian dollars; in August of the same year, its subsidiary Odin Mining signed an agreement with Ecuador’s Elit Corporation to secure exclusive rights to four hydropower stations with a capacity of 232 megawatts, laying a solid foundation for building a safe, stable, and reliable power supply and marketing system. Currently, the Odin Mining gold project is in the preparatory stage, with various tasks progressing steadily, and it is planned to be completed and put into production by 2029. In December, the company made another push for gold resource layout, announcing the acquisition of 100% equity in four producing gold mines in Brazil (Aurizona, RDM, and Bahia complex) for 1.015 billion US dollars, completing the delivery in just 40 days, relying on local mature operational management experience. The annual gold output of the Brazilian series of gold mines is expected to be 6-8 tons in 2026, and the gold segment will gradually become a new growth point for the company’s performance.