Summary by Futu AI
China Molybdenum Co., Ltd. (CMOC) has released its mid-term report for 2024, showing record-high operating revenue and net profit attributable to the parent company. CMOC operates on multiple continents, mainly engaged in the extraction and processing of base metals and rare metals, as well as metal trading. It is a leading global producer of copper, cobalt, molybdenum, tungsten, and niobium, and also a major producer of phosphate fertilizers in Brazil. The company has established a global metal trading network through its subsidiary IXM, adopting a dual-drive model of 'mining + trading'. Financial indicators show growth in operating revenue, net profit, and cash flow from operating activities compared to the same period last year. CMOC is committed to responsible production practices, supporting the transition to green energy, and maintaining a strong financial position, ample liquidity, and stable leverage ratio. The report has been reviewed by the Audit Risk Committee and the Board of Supervisors, but has not yet been audited.