According to the BOC Securities Research Report, Hanrui Cobalt's revenue increased year-on-year in the first half of the year, and gross margin increased year-on-year. In the first half of the year, revenue of 3,07 billion yuan was achieved, up 23.32% year on year; net profit to mother was 99 million yuan, down 22.50% year on year. The product structure is divided, the gross margin of cobalt remains high, the entire cobalt copper industry chain is stable, and the Indonesian nickel layout is progressing steadily. Under the current share capital, considering the rise in raw material prices, production capacity for overseas projects is still climbing, and financial expenses are rising, the company's 2026-2028 forecast profit per share was adjusted to 0.79/1.15/1.44 yuan, corresponding to a price-earnings ratio of 42.7/29.3/23.4 times; considering the gradual release of profits after the company's overseas project capacity climbing is completed, the copper, cobalt and nickel diversified business layout is expected to fluctuate smoothly and maintain the “increase” rating.

According to the BOC Securities Research Report, Hanrui Cobalt's revenue increased year-on-year in the first half of the year, and gross margin increased year-on-year. In the first half of the year, revenue of 3,07 billion yuan was achieved, up 23.32% year on year; net profit to mother was 99 million yuan, down 22.50% year on year. The product structure is divided, the gross margin of cobalt remains high, the entire cobalt copper industry chain is stable, and the Indonesian nickel layout is progressing steadily. Under the current share capital, considering the rise in raw material prices, production capacity for overseas projects is still climbing, and financial expenses are rising, the company's 2026-2028 forecast profit per share was adjusted to 0.79/1.15/1.44 yuan, corresponding to a price-earnings ratio of 42.7/29.3/23.4 times; considering the gradual release of profits after the company's overseas project capacity climbing is completed, the copper, cobalt and nickel diversified business layout is expected to fluctuate smoothly and maintain the “increase” rating.