Summary by Moomoo AI
Luoyang Molybdenum Group Co., Ltd. (the “Company”) announces its annual results for the year ended 31 December 2023. The company achieved an operating income of RMB1,863 billion, an increase of 8% year-on-year, and a net return of RMB82 billion, an increase of 36% year-on-year, a new all-time high. Net cash flow from operations was RMB155 billion, flat year-on-year. The company's product output grew year-on-year, with copper, cobalt, niobium, and phosphorus production reaching an all-time high, with copper production reaching 41.95 million tons and cobalt production reaching 5.55 million tons. The company completed two copper cobalt projects in Congo (gold), further consolidating its productivity advantage. In addition, the company and its partners reached a consensus on the TFM Equity...Show More