Luoyang Molybdenum outlines its future blueprint: advancing towards a new world-class mining journey with the "622 Model"

Global mining company Luoyang Molybdenum recently disclosed its latest financial report. The data shows that during the reporting period, the company achieved total operating revenue of 206.68B yuan, down 2.98% year over year. Net profit attributable to shareholders of the parent company was 20.34B yuan, up 50.30%. Net profit after deducting non-recurring gains and losses was 20.41B yuan, with an increase of 55.56%. This performance indicates that the company has maintained a growth trend in its results for five consecutive years.

Against the backdrop of a continuously improving development outlook, Luoyang Molybdenum, in its annual report, systematically outlined the company’s future strategic plan in the form of an open letter from its board of directors. For the first time, it put forward a vision goal of “building a globally leading world-class mining enterprise with distinctive characteristics,” emphasizing that in competition within the mining industry, cost-control capability is the core element determining a company’s competitiveness.

In terms of specific implementation paths, the company has established a “two-wheel drive” strategic layout. Externally, it continues to pursue coordinated development of two core mineral categories—copper and gold—strengthening its market influence through resource integration. Internally, it focuses on building a platform-based organizational structure, with priority on developing specialized capability platforms covering nine major areas, including safety assurance, community governance, power supply, and supply chain management, to form systematic competitive advantages.

The board’s open letter especially emphasizes that this strategic upgrade is not a simple scale expansion, but rather a qualitative leap enabled by organizational change and management innovation. The company will drive continuous improvement in operating efficiency through comprehensive capability building, ensuring it maintains a leading position in global competition. This development philosophy reflects the strategic thinking of Chinese mining companies as they shift from resource acquisition to value creation.