Gelonghui on November 6th | The Pacific Securities research report pointed out that cmoc group limited (603993.SH) achieved revenue of 51.9 billion yuan in the third quarter, a year-on-year increase of 16%, and a quarter-on-quarter decrease of 8%; net income attributable to the parent company was 2.9 billion yuan, a year-on-year increase of 64%, and a quarter-on-quarter decrease of 15%. In-depth analysis of the company's third quarter report for 2024, the company's copper and cobalt production and sales have grown rapidly, with strong growth certainty, while production costs and expenses are well controlled, the asset-liability ratio has decreased, and ROE has significantly increased, achieving high-quality growth. Maintain the company's profit forecast for 2024-2026, expecting the company's net income attributable to the parent company for 2024-2026 to be 11.7/13.2/14.8 billion yuan, maintaining a "buy" rating.