Gelonghui, May 31 | According to Haitong Securities Research Report, the net profit of Luoyang Molybdenum Industry (603993.SH) in 2023 increased 36% year over year, and net profit to mother increased by 2.07 billion yuan in 24Q1, an increase of 553.3%. In 2024, the company plans to produce 52-570,000 tons of copper; 60,000 tons of cobalt metal, 12—15,000 tons of molybdenum metal, 6,500-7,500 tons of tungsten metal, 0.9-10,000 tons of niobium metal, and 105-1.25 million tons of phosphate fertilizer. It is believed that a steady increase in the company's production will enhance the company's profitability. Furthermore, in terms of nickel metals, the company participated in the Indonesian Huayue nickel-cobalt project. As a result, the company achieved a complete layout of new energy metals copper-cobalt-nickel-lithium. Luoyang Molybdenum is a leading global copper and cobalt enterprise. It believes that the company's high-quality resource portfolio can support the company to maintain its profitability growth. The rating of “superior to the market” was given, corresponding to a reasonable value range of 9.54-10.60 yuan.