Golden Molybdenum expects to realize net profit attributable to the parent company in the range of 1.330 billion yuan to 1.530 billion yuan in the first half of 2023, up 100.01% to 130.09% compared with that of the first half of 2022 (665 million yuan); and net profit attributable to the parent company after extraordinary gains and losses in the range of 1.310 billion yuan to 1.510 billion yuan, up 99.00% to 129.38% compared with that of the first half of 2022 ( 658 million yuan) up 99.00% to 129.38%.
In the first half of 2023, the main reason for the rise in net profit of Golden Molybdenum was that the prices of molybdenum products both at home and abroad rose sharply year-on-year during the reporting period. In addition, the company also seized market opportunities, actively organize and arrange production, optimize product structure, digging potential to increase efficiency, and improve product profitability.
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