民生证券指出，公司产量全面完成年度生产计划。公司铜、钴、钼、钨、铌产量均超过2024产量指引上限。由于24Q1TFM混合矿还未满产，以Q4产量年化来看，公司铜年生产能力或可达到68-70万吨，主要得益于刚果（金）TFM 和KFM两座世界级铜矿山的加持。公司制定了未来5年规划和产量目标，目前正在积极推进扩产计划，TKM和TFM有望持续放量。CMOC Group Limited (03993) rose over 3%, as of the time of this report, it increased by 3.11%, priced at 5.64 Hong Kong dollars, with a transaction amount of 29.6325 million Hong Kong dollars.
According to the Zhituo Finance APP, CMOC Group Limited (03993) rose over 3%, as of this report, up 3.11%, priced at 5.64 HKD, with a transaction volume of 29.6325 million HKD.
In terms of news, CMOC Group Limited announced on the evening of January 6 the production volumes of its main products for 2024. The production volumes for Copper Metal and Cobalt Metal are estimated to be 0.6502 million tons and 0.1142 million tons respectively, showing year-on-year increases of 55% and 106%. The annual production volume for Molybdenum Metal is projected to be 0.0154 million tons, a year-on-year decrease of 2%; the annual production volume for Tungsten Metal is predicted to be 8,288 tons, a year-on-year increase of 4%. The annual production volume for Niobium Metal is expected to be 10,024 tons, reflecting a year-on-year growth of 5%; the annual production volume for Phosphate Fertilizer is anticipated to be 1.18 million tons, marking a year-on-year increase of 1%.
Minsheng Securities pointed out that the company has fully achieved its annual production plan. The production of Copper, Cobalt, Molybdenum, Tungsten, and Niobium exceeded the upper limit of the 2024 production guidance. As the TFM mixed ore has not yet reached full production in Q1 2024, based on the annualized production from Q4, the company's annual copper production capacity could reach 0.68-0.7 million tons, mainly benefiting from the support of the world-class copper mines TFM and KFM located in the Democratic Republic of the Congo. The company has developed a five-year plan and production targets, and is currently actively promoting its expansion plans, with TKM and TFM expected to continue increasing output.