In the third quarter, the gross margin of copper mining and processing business increased by 15.81% year-on-year, while the gross margin of phosphate fertilizer business increased by 8.29% year-on-year. The net income of cmoc group limited was 2.856 billion yuan, a year-on-year increase of 64.12%, with a total revenue of 51.936 billion yuan, up 15.53% year-on-year.
In the third quarter, the gross margin of the copper mining and processing business increased by 15.81% year-on-year, while the gross margin of the phosphate fertilizer business increased by 8.29% year-on-year, and net income of CMOC Group Limited increased by 64.12% year-on-year.
On Monday, October 28th, CMOC Group Limited released its third-quarter financial report:
1) Key Financial Figures:
- Total revenue in the third quarter: 51.936 billion RMB, an increase of 15.53% year-on-year; total revenue in the first three quarters: 154.755 billion RMB, an increase of 17.52% year-on-year.
- Net income in the third quarter: 2.856 billion RMB, an increase of 64.12% year-on-year; total revenue in the first three quarters: 8.273 billion RMB, an increase of 238.62% year-on-year.
- Earnings per share in the third quarter: 0.14 RMB, an increase of 75% year-on-year; total revenue in the first three quarters: 0.39 RMB, an increase of 254.55% year-on-year.
- Net income excluding non-recurring gains and losses in the third quarter: 2.927 billion RMB, an increase of 157.76% year-on-year.
Total assets as of the end of the third quarter: 181.725 billion RMB, 172.975 billion RMB at the end of 2023.
2) Main Products
Luoyang Luanchuan Molybdenum Co., Ltd. belongs to the nonferrous metals mining industry, mainly engaged in the mining, selection, smelting of basic metals, rare metals, as well as mineral trading. Currently, the company's main business is distributed in Asia, Africa, Americas, and Europe, being a global leader in copper, cobalt, molybdenum, tungsten, and niobium production, also a leading phosphate fertilizer producer in Brazil, while its metal trading business ranks among the top globally.
Today, Luoyang Molybdenum Industry closed flat at 7.92 RMB per share, with a market cap of 171.066 billion RMB.
Luoyang Molybdenum Industry will repurchase 0.1 billion shares for cancellation.
Today, CMOC Group Limited announced that, in order to increase shareholder returns and enhance investor confidence, the company plans to cancel 99,999,964 shares of repurchased shares with a term of more than three years in the special account for share repurchases, and correspondingly reduce the company's registered capital, and handle the relevant cancellation procedures.
After the completion of the share repurchase cancellation, the total share capital of CMOC Group Limited will change from 21.599 billion shares to 21.499 billion shares.
