Huayou Cobalt forecasts significant profit growth amid expansion

Zhejiang Huayou Cobalt (SSE:603799) projects a significant surge in net profit attributable to shareholders for the first half of 2025, with an expected increase of 55.62% to 67.59%, reaching between CNY2.6 billion and CNY2.8 billion. Net profit excluding non-recurring items is estimated to rise by 39.85% to 51.26%, landing between CNY2.45 billion and CNY2.65 billion. This growth is attributed to the company's integrated industrial chain advantages, including the successful operation of the company's Indonesian projects, improved cost management, and rising cobalt prices.