Luoyang Molybdenum Industry (603993.SH) posted an advance increase. Net profit due to mother is expected to be 15.5 billion yuan to 16.5 billion yuan in the first half of the year, an increase of 78.76% to 90.29% over the previous year

According to the Zhitong Finance App, Luoyang Molybdenum Industry (603993.SH) announced that the company expects to achieve net profit attributable to shareholders of listed companies in the first half of 2026 of 15.5 billion yuan to 16.5 billion yuan, an increase of 6.829 billion yuan to 7.829 billion yuan compared with the same period last year, and an increase of 78.76% to 90.29% 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 copper products, and a significant increase in the price of molybdenum and tungsten products. Combined with the Brazilian gold mining business, the resulting increase in performance.