Public Information
Public Information

Rooted in the Millennia-old Imperial Capital, Deep-exploring Strategic Molybdenum Resources

基本信息类

机构职能类

工作动态类

规章制度类

改革改制类

科技创新类

社会责任类

Other Information Categories

Molybdenum concentrate and ferromolybdenum prices both surged 57%, while Jinmolybdenum Co., Ltd. posted a first-half profit forecast of nearly RMB 1.5 billion.

The decline in molybdenum prices this March led to a quarter-on-quarter drop in Jinmolybdenum Co., Ltd. (601958.SH)’s second-quarter earnings. However, amid a sharp rise in molybdenum prices during the first half of the year, the company’s current‑period profits are expected to surpass its full‑year 2022 results. On the evening of July 10, Jinmolybdenum released an earnings forecast, projecting net profit attributable to shareholders between RMB 1.33 billion and RMB 1.53 billion—up roughly 100.01% to 130.09% year over year. Explaining the change in performance, the company stated: “International molybdenum prices have remained volatile at high levels, with major molybdenum product prices rising year over year. The company has seized market opportunities and actively organized and scheduled production…”

2023

09-05

< 1 > proceed page