Summary by Moomoo AI
China Molybdenum Co., Ltd. (CMOC) has released its mid-term report for 2024, showing record-high operating revenue and net profit attributable to the parent company. CMOC operates in multiple continents, with main businesses including the mining and processing of base metals and rare metals, as well as metal trading. It is a global leading producer of copper, cobalt, molybdenum, tungsten, and niobium, and also a major phosphate fertilizer producer in Brazil. The company has established a global metal trading network through its subsidiary IXM, adopting a dual-driven model of "mining + trading". Financial indicators show growth in revenue, net profit, and cash flow from operating activities compared to the same period last year. CMOC is committed to responsible production practices, supporting the transition to green energy, and maintaining a strong financial position, ample liquidity, and stable leverage ratio. The report has been reviewed by the Audit and Risk Committee and the Board of Directors, but has not been audited yet.
