Gold and Molybdenum Co., Ltd. (601958.SH)'s net profit for the first three quarters of 2.95 billion yuan decreased 6.07% year-on-year

According to Zhitong Finance App News, Gold & Molybdenum Co., Ltd. (601958.SH) released a quick performance report for the first three quarters. During the reporting period, the company achieved operating income of 10.097 billion yuan, up 14.06% year on year; net profit attributable to shareholders of listed companies was 2.95 billion yuan, down 6.07% year on year.

During the reporting period, prices of various molybdenum products fell compared to the same period last year, leading to a year-on-year decline in the company's total profit, net profit attributable to shareholders of listed companies, and basic earnings per share. The company adopted a package of measures such as scientifically organizing production, optimizing production processes, continuously increasing production, reducing overall pressure costs, and actively developing new markets for new products to hedge against the impact of falling product prices, and revenue increased year-on-year.