CMOC steps into RMB200bn territory with record 2024 results

China Molybdenum Co., Ltd. (CMOC, HKEX:3993) announced record-breaking financial results for the year 2024, with operating revenue reaching RMB213 billion, a 14% increase year-over-year. Net profit attributable to shareholders surged to RMB13.5 billion, a 64% increase YoY, and operating cash flow was also robust at RMB32.4 billion, up 108% YoY. The company's improved performance was underpinned by a strengthened "mining + trading" model, with significant contributions from its copper and cobalt operations in the Democratic Republic of Congo. CMOC's AA rating was re-affirmed by MSCI for its ESG adherence, ranking within the top 13% of non-ferrous metal producers. The company has proposed a final cash dividend of RMB2.55 per 10 shares, subject to shareholder approval, and aims for continued growth and operational excellence in 2025.