洛阳钼业(603993)_公司公告_洛阳钼业：2025年半年度报告_公司公告

For identification purposes only

20256306

垚垚

20258

“”“”

( www.sse.com.cn )( www.hkex.com.hk )( www.cmoc.com )

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本公司属于有色金属矿采选业，主要从事有色金属的采、选、冶等矿山采掘及加工业务和金属贸易业务。公司主要业务分布于亚洲、非洲、南美洲和欧洲，是全球领先的铜、钴、钼、钨、铌生产商，巴西领先的磷肥生产商，同时金属贸易业务位居全球前列。上半年，公司完成对厄瓜多尔奥丁矿业（凯歌豪斯金矿）的收购，布局黄金资源，进一步完善多元化产品矩阵。公司位居 2025《财富》中国 500 强第 138 位，《福布斯》2025 全球上市公司 2000 强第 630 位。

矿区全球办公室

巴西铌磷矿厄瓜多尔金矿IXM日内瓦总部

TFM铜钴矿

KFM铜钴矿

三道庄钼钨矿上房沟钼铁矿

上海全球管理总部

MSCI ESG连续三年维持AA评级

全球有色金属行业前11%贸易网络覆盖80+国家在4个国家布局7座优质矿山

国家

年营业收入超2000亿元公司市值超2000亿元

2000亿元被纳入上证50指数

沪深300成分股

指数上证

免责声明

洛阳钼业使用任何MSCI ESG RESEARCH LLC或其附属机构（“MSCI”）的数据，以及使用MSCI标志、商标、服务标志或指数名称，并不构成MSCI对CMOC的赞助、认可、推荐

或推广。 MSCI服务和数据是MSCI或其信息提供者的财产，只阐明 “现状”，不提供保证。 MSCI的名称和标志是MSCI的商标或服务标志。

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近年来，随着资源优势转化为产能和效益优势，公司成长为全球性矿业公司；IXM也迅速成长为全球不可或缺的铜、钴贸易商之一。公司主要产品通过IXM对外销售，同步从IXM获取市场最新研判，为可行性并购、勘探拓展、生产节奏等提供信息参考。IXM充分发挥行业内出色的研究实力和市场情报捕捉能力，除了自身现货和自营贸易业务，积极协助集团制定切实有效的产品营销策略和配套运行机制；依托其交易执行能力和风控机制，通过遍布全球的销售网络和扎实的合作伙伴基础，提升运营效率，优化公司产品销售地区和客户，夯实产品市场地位和品牌影响力。全球各矿区和IXM均致力在金属价值链中推广负责任的生产实践，助力绿色能源转型。未来，公司将进一步发掘矿业“微笑曲线”两端?勘探和大宗商品贸易的价值。

公司“矿山+贸易”双轮驱动。

矿山端，公司覆盖勘探－采矿－选矿－冶炼4个环节，生产新能源金属铜和钴，以及钼、钨、铌和磷肥。公司拥有优质的资源禀赋、丰富的产品组合、完善的工艺生产流程和与之配套的管理、技术、人才和服务体系。贸易端，IXM业务覆盖亚洲、欧洲、南美洲及北美洲的80多个国家，构建起全球金属贸易网络，涵盖先进的仓储和物流体系，通过采购－仓储－运输－销售－信息5个环节，实现贸易与矿业板块的战略协同。

2025年半年度报告2025年半年度报告2025年半年度报告业务模式

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实现营业收入947.73亿元；营业成本为747.27亿元，同比下降10.96%归母净利润再创同期历史新高：86.71亿元，同比增长60.07%经营性现金流持续稳健：120.09亿元，同比增长11.40%

2025年半年度报告2025年半年度报告2025年半年度报告
						各产品产量和实物贸易量完成度（按指引中值计算）

						铜
						钴
						钼
						钨
						铌
						磷肥
						实物贸易量

25%50%75%100%

56%52%56%56%52%51%

50.5%

营业收入(亿元）

7.83%

同比下降

2021

上半年

2022上半年2023上半年

2024上半年2025上半年

10001200

848.16

867.26

1028.18

947.73

917.67

营业成本(亿元）

10.96%

同比下降

2021上半年2022上半年2023上半年2024

上半年

2025

上半年

1000

758.17

830.04

839.24

747.27

803.01

归母净利润(亿元）

60.07%

同比增长

2021上半年2022

上半年2023

上半年2024上半年

2025

上半年

24.09

7.03

54.17

86.71

41.48

经营性净现金流(亿元）

11.40%

同比增长

2021上半年

2022上半年

2023上半年

2024

上半年

2025上半年

13.19

87.62

107.79

120.09

85.02

资产负债率

9.01个百分点

比去年同期末下降

2021

0630

2022

0630

20230630

2024

0630

2025

0630

63.02%

64.88%

59.16%

50.15%

63.95%

净资产收益率

2.88个百分点

同比上升

2021

上半年2022上半年

2023

上半年

2024

上半年

2025

上半年

6.20%

1.32%

8.82%

11.70%

9.41%

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公司在刚果（金）运营两座世界级矿山TFM和KFM，整体拥有6条生产线、65万吨以上的年产铜能力。报告期内，矿山端实现营业收入314.46亿元，同比增长29.05%，营业成本141.12亿元。

铜钴

刚果（金）TFM和KFM生产均实现“时间过半、任务超半”。TFM中区运营效率提升，东区产能持续释放；KFM铜产量年完成率大幅超越中值。新项目稳步推进。TFM完成相关勘探矿体的地质建模工作，KFM二期工程积极筹备中。

经营亮点：

铜产量 35.36万吨

12.68%

同比增长

销量

32.26

万吨

5.11

32.26

2023上半年2024上半年2025上半年

31.18

3.47%

同比增长

钴产量

6.11

万吨

13.05%

同比增长

销量

4.62

万吨

9.27%

同比下降

15.65

35.36

2023

上半年

2024

上半年

2025

上半年

31.38

1.94

6.11

2023上半年2024

上半年

2025

上半年

5.40

0.15

4.62

2023上半年

2024上半年2025

上半年

5.09

15.65

35.36

2023上半年2024上半年

2025上半年

31.38

营业收入（矿山端）

257.18

亿元

28.42%

同比增长

营业收入（矿山端）

57.28

亿元

31.94%

同比增长

-3.01

57.28

2023上半年

2024上半年

2025上半年

43.42

42.71

257.18

2023上半年

2024上半年2025上半年

200.26

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公司在中国运营三道庄钼钨矿和上房沟钼铁矿，生产覆盖采、选、冶全环节。报告期内，该板块抓住市场契机，矿山端实现营业收入40.6亿元，同比增长4.71%；营业成本22.19亿元，同比下降4.67%。

钼钨

精进工艺流程，强化成本管控。优化药剂研究和工艺管理，钼选矿和钨选矿回收率同比提升；钼铁成本同比下降。资源综合回收获推广。硫回收项目取得较好成效，中国区各子单元跟进推广，已成新盈利点。数智化建设快速推进。尾矿库智控中心、生产数智中心相继投用，实现高效管理。

经营亮点：

吨吨钼产量6,989

4.90%

同比下降

销量 7,239

0.76%

同比增长

钨产量3,948

吨

1.79%

同比下降

销量 4,277

吨

7.09%

同比增长

6,989

2023

上半年2024上半年2025上半年

7,3498,389

2023

上半年

2024

上半年2025

上半年

3,813

3,948

4,020

2023

上半年2024上半年2025上半年

3,558

4,2773,994

7,239

2023

上半年2024

上半年

2025

上半年

7,1857,835

亿元

营业收入（矿山端） 29.54

1.58%

同比下降

营业收入（矿山端） 11.09同比增长亿元

26.19%

2023上半年2024

上半年

2025上半年

6.64

11.09

8.79

29.54

2023

上半年2024上半年2025上半年

30.02

37.66

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公司全资子公司洛钼巴西在当地运营两座优质矿山。报告期内，矿山端实现营业收入38.9亿元，同比增长25.09%，营业成本24.16亿元。

铌磷

铌板块和磷板块产量、回收率和销量均超计划预算，全面实现“时间过半、任务超半”目标。其中，BVFR厂和BV厂回收率达到历年来最好水平。

降本工作取得扎实成果。大宗物资、物流服务和工程服务采购等支出同比全部下降。重点工程建设进展顺利。两处排土场提前竣工，相关排尾优化、加高等项目按计划推进。

经营亮点：

吨吨铌产量 5,231

2.94%

同比增长

销量 5,462

5.49%

同比增长

磷肥产量

58.26

万吨

0.12%

同比下降

销量 58.88万吨

9.25%

同比增长

2023上半年2024上半年2025上半年

4,695

5,2315,082

54.79

58.26

2023上半年2024

上半年

2025

上半年

58.33

2023

上半年2024

上半年

2025

上半年

56.93

58.88

53.89

2023

上半年

2024上半年

2025

上半年

4,627

5,4625,178

营业收入（矿山端）亿元 17.79

19.73%

同比增长

营业收入（矿山端） 21.14

同比增长亿元

30.00%

2023上半年2024

上半年

2025上半年

17.56

21.14

16.26

2023

上半年2024上半年2025上半年

12.02

17.79

14.85

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IXM多年来深耕市场，主要从事精矿和精炼金属等贸易业务。2025年上半年，IXM提质控量，经营效益再创同期新高。

IXM

在现货市场上行周期中，期现结合商业模式中的现货贸易端的盈利弥补期货业务端的亏损；在现货市场下行的周期中，期现结合商业模式中的期货业务端的盈利弥补现货贸易端的亏损。这种商业模式降低了行业周期性和价格波动带来的风险，给企业创造稳定持续的盈利。

贸易业务面临价格波动、外汇、交易对手信用和流动性等风险。IXM通过综合风险管理框架，实现治理战略目标和可持续长期价值的创造。IXM积极管理价格和外汇风险，对交易对手的信用实施严格监控，确保充足现金以降低流动性风险。IXM对认定为存在风险的未实现收益及应收账款计提相应准备。IXM会不断更新风险登记册，由所有关键职能部门提供意见，与执行管理团队讨论更新内容。公司会对各种职能和流程进行定期评估，重点关注相应政策、执行情况和监控措施。

期现结合

风险管控

IXM主要经营指标

营业收入（亿元）毛利率（按国际通用会计准则）

2023上半年

2024

上半年

2025上半年

796.14

821.67

938.52

2023

上半年

2024

上半年

2025上半年

1.82%

2.35%

2.12%

TFMTenke Fungurume Mining S.A.(DRC)KFMCMOC KISANFU MINING SARLTFMTenke FungurumeKFMKisanfuGécaminesLa Générale des Carrières et des

Mines S.A.()()le Ministère du Portefeuille

CMOC BrasilCMOC Brasil Minera??o Indústriae Participa??es Ltda

CMOC BrasilCatal?oBoa VistaCMOC BrasilCatal?oChapad?oIXMIXM Holding S.A.

CMOC Limited

APTHeshima(Lualaba Power SA)Nzilo

CMOC Group LimitedCMOC

021-80330506852-35898647021-80330506603993@cmoc.com Jojo.Ng@tmf-group.com603993@cmoc.com

471500www.cmoc.com+86-21-80330506603993@ cmoc.com

www.stcn.comwww.zqrb.cn

www.cnstock.comwww.sse.com.cnwww.hkex.com.hk

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//119,428,053.95/22,511,804.07432,994.96-98,656,394.00–

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//342,977////

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9,606,832.40

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(1)

1,100,000.0020,000.00 100,000.00989,045.76 2,800,000.00–(2)

NEW CHINA CAPTIALMANAGEMENT

989,045.762017-09-08–989,045.7620,000.002019-01-232026-01-244.3920,000.00

20252699,999,96421,599,240,58321,499,240,6192025716104,930,44321,499,240,61921,394,310,176

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(%)–533,322.0024.8100–532,978.0424.7900HKSCC NOMINEES LIMITED39.8360,052.8616.7500

2,750.464,753.183.010050509.5913,784.740.6400019LFH002

6,651.7712,852.560.6000

286.7012,493.570.5800–11,671.850.5400019LCT001

1,681.119,066.600.4200-6,086.848,948.360.4200

533,322.00503,022.00

30,300.00532,978.04532,978.04HKSCC NOMINEES LIMITED360,052.86360,052.86

64,753.1864,753.185013,784.7413,784.74019LFH002

12,852.5612,852.5630012,493.5712,493.57

11,671.8511,671.85019LCT001

9,066.609,066.608,948.368,948.36

“”

104,930,44320257

2025716104,930,443

H303,000,000HKSCC NOMINEES LIMITED

5,333,220,000

2025630“”XV235%

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5,030,220,000A28.64%303,000,000(L)H7.70%(L)BlackRock, Inc.

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312,883,827(L)H7.95%(L)186,000(S)0.00%(S)(L)(S)

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2025630

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2025630

202563020241231 131,769,001,165.1230,427,258,389.26 28,405,301,326.666,509,905,551.61 32,200,345,793.861,393,127,738.63 4956,371,750.29647,879,043.30 561,974,637.9080,435,196.69 62,118,762,103.751,114,395,541.39 75,842,227,947.275,524,864,547.38 7.2271,554,391.89277,967,881.17 7.3–210,000,000.00 828,615,202,450.6729,878,326,307.04 91,299,560,697.43669,085,195.47 104,729,851,740.782,929,115,294.46

85,998,599,613.7379,174,392,805.23

113,537,550,742.593,282,859,126.21 127,139,182.247,139,182.24 132,766,707,864.192,804,861,188.55 1442,709,032,591.5344,422,262,703.20 153,719,239,013.644,054,550,381.26 16225,743,724.42257,985,962.59 1725,384,189,723.1421,651,283,345.49 87,185,385,344.217,224,831,357.59 18434,750,641.71436,560,432.61 19229,399,541.08279,914,912.55 202,143,394,412.681,592,961,821.67 214,286,517,492.325,046,828,472.63

92,629,050,273.7591,062,038,886.59

178,627,649,887.48170,236,431,691.82

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202563020241231 2320,355,158,284.2213,960,237,085.28 245,163,122,535.922,835,872,062.19 254,524,354,821.591,454,738,253.36 26146,890,765.88606,310,041.05 275,170,465,513.744,807,065,051.51 282,677,760,537.702,621,355,529.29 291,152,692,404.571,443,108,200.73 307,596,333,365.925,529,776,168.33 315,053,841,229.915,160,820,314.05 31.21,745,798,950.0634,063,210.06 324,412,485,197.746,210,958,935.89 331,341,962,352.26830,355,325.34

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7777

202563020241231 414,299,848,123.804,319,848,116.60 421,000,000,000.001,000,000,000.00

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15,244,848,118.4914,919,242,428.26

89,046,706,871.8685,942,236,144.77

178,627,649,887.48170,236,431,691.82

垚垚

7878

2025630

202563020241231

6,446,377,339.306,612,113,055.60

39,437,136.17614,050,539.53 1721,459,960.53761,243,032.25

7,709,130.6718,741,868.56

16,130,426.8415,797,367.82 26,142,063,210.3312,180,860,063.95

280,769,879.89305,732,597.47

4,543,368,111.775,029,006,084.08

259,936,106.20347,506,465.75

462,944,077.45–

383,710,946.2317,596,997.80

14,479,768,333.7220,567,909,391.26

335,474,521,780.5535,447,326,287.03

38,143,733.3580,650,720.23

2,049,405,164.252,166,502,689.95

614,979,771.32459,663,801.52

163,322,534.23166,700,030.96

188,867,953.12194,617,325.91

109,108,591.52130,046,376.10

697,838,610.241,131,532,520.93

39,336,188,138.5839,777,039,752.63

53,815,956,472.3060,344,949,143.89

7979

202563020241231

1,201,366,194.481,001,100,000.02

50,000,000.0059,603.31

360,991,602.14312,007,663.50

18,944,903.947,293,086.80

95,795,397.18165,212,456.96

286,446,522.83318,262,951.17

9,227,471,068.338,511,947,312.81

15,547,392.757,865,721.66

1,003,034,340.00–

3,655,835,011.434,778,352,480.82

256,787,443.74256,066,309.62

15,153,638,144.0715,350,301,865.01

2,266,500,000.004,563,800,000.00

101,011,551.1998,920,188.61

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17,986,486,339.8820,471,089,262.02

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202563020241231

4,299,848,123.804,319,848,116.60

1,000,000,000.001,000,000,000.00

27,217,267,704.5527,879,851,870.35

582,426,318.201,266,543,810.15

318,006,011.64255,428,194.03

2,159,924,058.302,159,924,058.30

1,416,850,552.335,525,351,452.74

35,829,470,132.4239,873,859,881.87

53,815,956,472.3060,344,949,143.89垚垚

8181

20251 – 6

20252024

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219,231,302.10137,205,701.11 53979,350,163.771,747,564,589.41

1,371,671,483.592,088,952,540.42

798,758,089.17735,750,175.67 5433,913,059.6929,832,497.14

“-”

273,312,181.23340,839,841.87

301,196,747.46354,118,291.35

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(1,152,560,996.52)(3,046,350,128.57)

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(8,523,413.94)8,694,881.08

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14,792,077.90(688,375.93)

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7,461,188.8922,381,354.80

64,391,511.9015,653,023.80“-”14,902,530,668.3211,153,116,748.57

5,059,505,143.264,822,725,205.20

8282

20252024“-”9,843,025,525.066,330,391,543.37

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(61,043,697.68)77,514,545.06 9,275,458,444.106,665,599,216.85

8,164,736,694.235,674,952,468.83

1,110,721,749.87990,646,748.02

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0.25

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0.25

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8383

20251 – 6

20252024

3,429,066,571.073,192,959,014.08 41,582,713,754.001,645,500,096.88

405,311,815.44258,774,026.10

78,899,353.1584,637,171.98

127,262,569.79115,106,483.64

46,916,333.2778,668,667.10

140,657,741.26227,917,254.58

107,362,229.01162,832,864.64

16,907,976.976,365,304.39

“-”

56,680,955.80151,535,218.88

79,712,160.17151,535,218.88

“-”24,409,737.2623,664,470.58

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2,814,423.23664,215.64

32,476,895.1010,836,086.47“-”1,254,176,882.131,186,492,545.19

(92,871,312.35)163,669,159.22“-”1,347,048,194.481,022,823,385.97

“-”1,347,048,194.481,022,823,385.97 –– 1,347,048,194.481,022,823,385.97垚垚

8484

20251 – 6

20252024

93,207,407,090.6396,146,099,634.23 63(1)1,031,486,207.51962,436,816.52

94,238,893,298.1497,108,536,450.75

70,854,453,855.4876,038,732,840.67

2,581,087,748.672,449,907,481.05

8,267,363,366.337,252,353,730.74 63(1)527,320,007.32588,250,208.66

82,230,224,977.8086,329,244,261.12

64(1)12,008,668,320.3410,779,292,189.63

63(2)5,563,340,604.355,782,931,869.79

342,917,245.04146,344,271.46

173,877.1036,997,515.01

1.00

156,304,500.00 63(2)216,595,357.55346,498,214.92

6,123,027,085.046,469,076,371.18

4,142,546,489.143,965,181,434.30 63(2)4,196,116,032.689,058,655,937.36

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8,424,130,004.8013,475,268,391.79

(2,301,102,919.76)(7,006,192,020.61)

8585

20252024

39,406,645,326.7146,831,653,043.37 63(3)1,305,640,636.921,337,287,078.91

40,712,285,963.6348,168,940,122.28

40,405,326,014.8442,928,681,152.81

5,950,991,617.942,427,540,408.65

–447,599,250.00 63(3)2,235,260,667.981,830,162,424.66

48,591,578,300.7647,186,383,986.12

(7,879,292,337.13)982,556,136.16

82,475,175.2543,277,962.32

1,910,748,238.704,798,934,267.50

64(2)27,280,717,697.8126,118,763,976.52

64(2)29,191,465,936.5130,917,698,244.02

垚垚

8686

20251 – 6

20252024

3,492,539,949.031,573,729,586.84

2,118,648,107.727,291,590,799.42

5,611,188,056.758,865,320,386.26

839,678,762.32838,194,715.27

326,594,455.20287,049,974.31

1,047,859,671.18977,272,779.33

1,304,553,095.305,402,349,546.39

3,518,685,984.007,504,867,015.30

2,092,502,072.751,360,453,370.96

4,010,000,000.004,130,000,000.00

556,249,092.0270,705,349.09

–33,770,838.00

4,959,266,901.165,961,721,903.17

9,525,515,993.1810,196,198,090.26

121,285,728.8184,296,654.84

3,390,201,157.295,850,218,548.24

–20,000,000.00

2,458,752,574.056,769,761,023.57

5,970,239,460.1512,724,276,226.65

3,555,276,533.03(2,528,078,136.39)

8787

20252024

200,000,000.002,330,000,000.00

9,344,505,285.0616,008,458,522.63

9,544,505,285.0618,338,458,522.63

3,359,137,292.353,088,537,292.35

4,619,097,944.67280,213,330.77

7,629,983,563.0114,528,410,305.74

15,608,218,800.0317,897,160,928.86

(6,063,713,514.97)441,297,593.77

(1,964.40)81,924.06

(415,936,873.59)(726,245,247.60)

5,555,845,485.059,426,057,531.60

5,139,908,611.468,699,812,284.00垚垚

8888

20251 – 6

2025

4,319,848,116.601,000,000,000.0027,708,934,206.931,266,543,810.152,739,929,808.22267,497,082.632,159,924,058.3034,093,404,253.9871,022,993,716.5114,919,242,428.2685,942,236,144.774,319,848,116.601,000,000,000.0027,708,934,206.931,266,543,810.152,739,929,808.22267,497,082.632,159,924,058.3034,093,404,253.9871,022,993,716.5114,919,242,428.2685,942,236,144.77

“-”(19,999,992.80)–(662,584,165.80)(684,117,491.95)(506,523,383.28)68,144,104.17–3,215,710,982.622,778,865,036.86325,605,690.233,104,470,727.09

––––(506,523,383.28)––8,671,260,077.518,164,736,694.231,110,721,749.879,275,458,444.10

(19,999,992.80)–(662,584,165.80)(684,117,491.95)––––1,533,333.35–1,533,333.35

––1,533,333.35–––––1,533,333.35–1,533,333.35

(19,999,992.80)–(664,117,499.15)(684,117,491.95)–––––––

–––––––(5,455,549,094.89)(5,455,549,094.89)(787,446,000.00)(6,242,995,094.89)

–––––68,144,104.17––68,144,104.172,329,940.3670,474,044.53

–––––99,908,031.49––99,908,031.494,076,480.49103,984,511.98

–––––(31,763,927.32)––(31,763,927.32)(1,746,540.13)(33,510,467.45)4,299,848,123.801,000,000,000.0027,046,350,041.13582,426,318.202,233,406,424.94335,641,186.802,159,924,058.3037,309,115,236.6073,801,858,753.3715,244,848,118.4989,046,706,871.86

8989

2024

4,319,848,116.601,000,000,000.0027,694,825,276.011,266,543,810.151,574,263,722.33140,310,748.252,099,837,960.7623,977,727,693.2359,540,269,707.0312,421,904,500.2871,962,174,207.314,319,848,116.601,000,000,000.0027,694,825,276.011,266,543,810.151,574,263,722.33140,310,748.252,099,837,960.7623,977,727,693.2359,540,269,707.0312,421,904,500.2871,962,174,207.31

“-”

––12,268,930.90–257,693,128.4272,197,579.28–2,117,186,995.762,459,346,634.361,493,409,668.903,952,756,303.26

––––257,693,128.42––5,417,259,340.415,674,952,468.83990,646,748.026,665,599,216.85 ––12,268,930.90–––––12,268,930.90999,150,686.271,011,419,617.17 1.–––––––––979,935,000.00979,935,000.002.

––12,268,930.90–––––12,268,930.90–12,268,930.90

3.–––––––––19,215,686.2719,215,686.27 –––––––(3,300,072,344.65)(3,300,072,344.65)(498,876,000.00)(3,798,948,344.65) 1.–––––––(3,300,072,344.65)(3,300,072,344.65)(498,876,000.00)(3,798,948,344.65) –––––72,197,579.28––72,197,579.282,488,234.6174,685,813.89 1.–––––99,432,226.47––99,432,226.473,949,975.50103,382,201.97 2.–––––(27,234,647.19)––(27,234,647.19)(1,461,740.89)(28,696,388.08)

4,319,848,116.601,000,000,000.0027,707,094,206.911,266,543,810.151,831,956,850.75212,508,327.532,099,837,960.7626,094,914,688.9961,999,616,341.3913,915,314,169.1875,914,930,510.57

垚垚

9090

20251 – 6

2025

4,319,848,116.601,000,000,000.0027,879,851,870.351,266,543,810.15255,428,194.032,159,924,058.305,525,351,452.7439,873,859,881.874,319,848,116.601,000,000,000.0027,879,851,870.351,266,543,810.15255,428,194.032,159,924,058.305,525,351,452.7439,873,859,881.87

“-”

(19,999,992.80)–(662,584,165.80)(684,117,491.95)62,577,817.61–(4,108,500,900.41)(4,044,389,749.45)

––––––1,347,048,194.481,347,048,194.48

(19,999,992.80)–(662,584,165.80)(684,117,491.95)–––1,533,333.35

––1,533,333.35––––1,533,333.35

(19,999,992.80)–(664,117,499.15)(684,117,491.95)––––

––––––(5,455,549,094.89)(5,455,549,094.89)

––––62,577,817.61––62,577,817.61

––––92,191,385.63––92,191,385.63

––––(29,613,568.02)––(29,613,568.02)4,299,848,123.801,000,000,000.0027,217,267,704.55582,426,318.20318,006,011.642,159,924,058.301,416,850,552.3335,829,470,132.42

9191

u?? ?{

?

2024

4,319,848,116.601,000,000,000.0027,930,079,604.421,266,543,810.15122,482,119.172,099,837,960.763,907,812,303.9738,113,516,294.774,319,848,116.601,000,000,000.0027,930,079,604.421,266,543,810.15122,482,119.172,099,837,960.763,907,812,303.9738,113,516,294.77

“-”

––(52,067,734.09)–78,402,671.76–(2,412,190,951.69)(2,385,856,014.02)

––––––1,022,823,385.971,022,823,385.97 ––(52,067,734.09)–16,567,658.61–(134,941,993.01)(170,442,068.49) 1.––12,268,930.90––––12,268,930.90 2.––(64,336,664.99)–16,567,658.61–(134,941,993.01)(182,710,999.39) ––––––(3,300,072,344.65)(3,300,072,344.65) 1.––––––(3,300,072,344.65)(3,300,072,344.65) ––––61,835,013.15––61,835,013.15 1.––––87,220,024.34––87,220,024.34 2.––––(25,385,011.19)––(25,385,011.19)

4,319,848,116.601,000,000,000.0027,878,011,870.331,266,543,810.15200,884,790.932,099,837,960.761,495,621,352.2835,727,660,280.75

垚垚

9292

(“”)(“”)(“”)2006825

(“”)

2025822

152023

202563012

9393

???

20256302025112025630

111231

9494

1,0001,0001,0002,000≥5%≥7,500

6.1

6.2

“”

9595

6.2

7.1

7.2

9696

7.2

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“”“”“”

“

17.3.2.

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9797

10.1

(1)(2)(3)

“”

10.2

“”

9898

10.2

14(“”)

9999

11.1

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100100

11.1

11.1.1

101101

11.1

11.1.2

11.1.3

11.2

102102

11.2

11.2.1

(1)

(2)(3)(4)(5)(6)(7)(8)(9)(10)

(11)(12)

103103

11.2

11.2.1

11.2.2

(1)(2)(3)(4)(5)(6)

11.2.3

?? 11.4.1.2.1)

104104

11.2

11.2.3

11.2.4

11.3

(1)(2)

(3)

105105

11.3

11.4

11.4.1

11.4.1.1

???

106106

11.4

11.4.1

11.4.1.1

(1)(2)(3)

11.4.1.2

11.4.1.2.1

107107

11.4

11.4.2

11.4.3

11.5

(1)(2)(3)

108108

11.6

11.7

109109

15.1.1

IXMIXM HoldingIXM

IXM

15.1.2

15.1.3

15.1.4

110110

(1)(2)

111111

17.1

7.1

17.2

“”“”

“”

17.3

17.3.1

112112

17.3

17.3.2

17.4

(1).

113113

(2).

(%)(%)8-450~52.1~12.5

8-1059.5~11.9

5519.08511.9

(%)(%)

––20-500~51.9~5.0

5-200~54.8~20.0

(%)(%)

––

5-330~52.9~20.03-200~54.8~33.3

(%)(%)10-4502.2~10

3-2005~33.3

114114

(2).

(%)(%)2054.83-5519.0~31.75519.0

(3).

(1)(2)

115115

(1).

(%)

–

(2).

116116

(2).

(1)(2)(3)(4)(5)

117117

(1).

(2).

???

118118

(3).

28.1

28.2

28.3

119119

(1)(2)

(1).

(1)

(2)

120120

(1).

(3)

(4)

31.1

31.2

121121

32.1

32.1.1

32.1.2

????

32.1.3

122122

32.1

32.1.3

32.1.4

32.1.5

123123

33 /

33.1

33.2

124124

33 /

33.3

125125

36.1

[2012]16

1,0003% 1,00011.5% 1100.5% 10500.2% 501000.1% 1000.05%20221362022121

“”“”“”“”

“”“”“”

126126

36.2

36.2.1

????

127127

36.2

36.2.1

36.2.2

???

36.3

128128

129129

2018(“2018”)

130130

IXM

13%9%6%

7%5%1%

6.5%8%1

3%2%

2.3%2.3%

1.8%1.2%

(PIS&CONFINS)(ICMS)

9.25%

4%-25%CMOC Kisanfu Mining S.A.R.L (“KFM”)TenkeFungurume Mining S.A. (“TFM”)(“”)

16%

0.2%

131131

6.5%8%

3.5%10%

25%2,000,0008.25%2,000,000

16.5%

(“”)

16.5%8.25%16.5%CMOC UK Limited(“”)25%CMOC Brasil Minera??o, Indústria e Participa??es Ltda.(“”)34%15%(“BVI”)TFMKFM30%

25%50%IXM14.70%

“”)8%

202073120209120231122

GR20234100266232023112025123115%202415%)

(2022)1120211120251231(“”)15%

132132

2,867,668.023,062,041.3029,188,598,268.4928,036,388,401.15

2,577,535,228.612,387,807,946.81

31,769,001,165.1230,427,258,389.26

16,369,083,211.1818,979,805,446.96

71,243,821.931,132,447,471.901,250,000,000.002,571,930.63121,272,004.1570,718,040.151,135,561,387.411,000,000,000.002,572,487.27178,956,031.98

8,344,253,337.935,724,552,840.30

9,659.53750,400,253.77

25,652,876.70–

21,601,193.0321,168,198.07

13,784,259.4713,784,259.47

8,405,301,326.666,509,905,551.61

2025630469,269,025.753,359,309,247.73

133133

1,780,931,290.70388,112,613.81

19,705,226.35162,070,544.16399,709,276.81790,280,665.00

–52,663,915.66

2,200,345,793.861,393,127,738.63

(1).

995,704,910.65675,764,284.20

161,008.96558,060.91

71,875.00108,298.58

20,158,546.0220,071,332.29

1,016,096,340.63696,501,975.98

134134

(2).

0.10%572,495,388.37554,846.38571,940,541.99

0.11%360,383,431.92407,335.49359,976,096.43

6.31%399,065,926.4225,197,239.77373,868,686.65

4.76%287,964,257.9313,713,109.14274,251,148.79

10.56%2,207,884.55233,042.751,974,841.80

10.26%3,779,011.77387,901.163,391,110.61

52.29%18,000,936.279,413,256.428,587,679.85

49.30%20,237,379.499,976,692.0210,260,687.47

100.00%24,326,205.0224,326,205.02–

100.00%24,137,894.8724,137,894.87–

1,016,096,340.6359,724,590.34956,371,750.29

696,501,975.9848,622,932.68647,879,043.30

20251-62024

135135

(3).

20251148,622,932.6810,183,366.97(2,080,283.05)2,998,573.74202563059,724,590.34

(4).

(%)CC210,680,378.6820.73253,235.46

“”167,855,345.6016.52–CD44,382,042.564.3753,346.72CE31,974,680.123.1538,433.21CF30,678,260.003.0236,874.93

485,570,706.9647.79381,890.32

136136

(1).

61,974,637.9080,435,196.6961,974,637.9080,435,196.69

61,974,637.9080,435,196.69

2025630

(2).

1,628,404,389.11–

202563020241231

137137

(1).

(%)(%)

2,062,721,965.6497.361,072,509,158.7696.24

34,600,250.191.6337,988,865.943.41

17,788,275.850.841,939,432.190.17

3,651,612.070.171,958,084.500.18

2,118,762,103.75100.001,114,395,541.39100.00

(2).

(%)CG288,849,143.6913.63CH234,118,602.6411.05CI121,338,678.115.73CJ119,988,853.355.67CL98,786,730.574.66

863,082,008.3640.74

138138

7.1

271,554,391.89277,967,881.17–210,000,000.005,570,673,555.385,036,896,666.21

5,842,227,947.275,524,864,547.38

7.2

(1).

105,828,127.98123,343,943.246)160,676,730.79147,962,010.095,049,533.126,661,927.84

271,554,391.89277,967,881.17

7.3

(1).

(“”)–163,600,000.00(“”)–46,400,000.00

–210,000,000.00

139139

7.4

(1).

4,936,268,574.964,573,730,785.78

310,055,542.45108,209,608.3977,408,061.5459,496,000.25

825,941.233,161,212.12293,321,649.34339,138,609.34

5,617,879,769.525,083,736,215.88

(2).

5,617,879,769.5247,206,214.145,570,673,555.385,083,736,215.8846,839,549.675,036,896,666.21

2025630

140140

7.4

(3).

(%)CB4,936,268,574.9687.871~5–257,221,228.284.582–52,834,314.170.941–25,920,200.000.463–CK16,636,586.400.301–

5,288,880,903.8194.15//–

202563020241231

29,709,751,884.9129,128,715,494.28

6,090,835,909.977,974,442,170.35

35,800,587,794.8837,103,157,664.63

2025630780,520,974.255,587,437,446.29202412311,152,418,000.008,284,041,551.20

141141

(1).

7,683,810,430.7752,117,407.337,631,693,023.448,144,244,914.8050,245,028.998,093,999,885.816,067,948,593.51–6,067,948,593.515,941,706,395.00–5,941,706,395.004,033,657,525.82–4,033,657,525.824,732,836,320.70186,574,648.844,546,261,671.864,881,207,973.20–4,881,207,973.203,422,011,785.99–3,422,011,785.99

22,666,624,523.3052,117,407.3322,614,507,115.9722,240,799,416.49236,819,677.8322,003,979,738.66

7,095,244,768.94–7,095,244,768.947,124,735,755.62–7,124,735,755.62

(2).

50,245,028.994,283,709.442,211,528.15199,802.9552,117,407.33186,574,648.8479,528,297.57265,716,217.48386,728.93–

236,819,677.8383,812,007.01267,927,745.63586,531.8852,117,407.33

142142

(1).

202563020241231

6,000,695,334.707,874,346,568.38

90,140,575.27100,095,601.97

6,090,835,909.977,974,442,170.35

(2).

2025630202412311,947100,095,601.972,858,928.41(9,261,274.01)3,157,584.82(395,096.28)90,140,575.27

SNEL21)230,539,418.33231,499,113.6121)11,382,173.939,094,415.1921)1,057,639,105.17428,491,666.67

1,299,560,697.43669,085,195.47

143143

3,249,169,934.351,764,513,234.39767,308,571.67866,961,508.99425,308,480.05138,776,816.2318,943,211.955,108,902.93165,506,416.63110,423,182.10103,615,126.1343,331,649.82

4,729,851,740.782,929,115,294.46

2025630

144144

(1).

519,782,813.30––47,096,866.03––––

566,879,679.33

USHAKA CARGO TERMINAL PROPRIETARYLIMITED (“USHAKA”)

2,186,953.18––(2,182,430.08)––(4,523.10)–

–

PHOENIX COMMODITIES LLC (

“PHOENIX”)

7,475,936.00––61,825.80––(41,527.16)–

7,496,234.64

529,445,702.48––44,976,261.75––(46,050.26)–

574,375,913.97

(“”)

86,863,113.55––32,027,015.4054,050,000.00–––

64,840,128.95

(“”)

––––––––

–

(“”)

6,025,607.07––428,607.83––––

6,454,214.90

(“”)

8,228,449.96––1,860,950.67––––

10,089,400.63

Walvis Bay Cargo Terminal Pty.Ltd (

“WalvisBay”)

14,663,836.60––1,816,826.615,849,685.09–896,248.00–

11,527,226.12

(“”)

2,086,426,952.19––211,250,021.98––(9,141,527.80)25,669,636.12

2,314,205,082.49

(“”)

––––––––

–

(“”)

6,749,912.54––897,296.08––––

7,647,208.62

ENERLOG SA

244,405.62–––––(1,013.20)–

243,392.42

HongKong CBC Investment Limited (

“CBC”)

–––––––

–

(“”)

3,954,903.63––159,670.91––––

4,114,574.54

145145

(“”)

1,809,199.31–1,734,254.43(74,944.88)––––

–

LUALABA POWER SA (

“LUALABA”)

538,439,269.74––7,862,798.53––(2,248,468.32)–

544,053,599.95

RESOURCE SUSTAINABLE TECHNOLOGIESB.V. (“RESOURCE”)

7,773.52––(7,757.42)––(16.10)–

–

2,753,413,423.73–1,734,254.43256,220,485.7159,899,685.09–(10,494,777.42)25,669,636.12

2,963,174,828.62

3,282,859,126.21–1,734,254.43301,196,747.4659,899,685.09–(10,540,827.68)25,669,636.12

3,537,550,742.59

50%90%10%8%

20234USHAKA20231050%500USHAKA

20241250%1,040,000PHOENIX

40%2007200850%

40%

20164150850

20191015030%2022

(1).

146146

(1).

WalvisBayIXMHoldingSA

201911NewstrideLimited1,125.87(

“

”)100%21%2020725

30%

2020830%90

2019830%60202290

2021734%3.4

2022334%3,400CBC20231,020,0002025CBC

2023240020%

202332023434%6802025265

202456,500LUALABA 44%

1,100

2024433%1,080

147147

(1).

Z1,343,606.00––––1,343,606.00(98,656,394.00)AA5,795,576.24––––5,795,576.24–

7,139,182.24––––7,139,182.24(98,656,394.00)

(2).

–42,506,986.88AC

249,355,782.56257,683,769.00AD164,605,195.00164,605,195.00AE66,105,318.5766,380,503.45AF234,350,430.11237,920,024.24

989,045,756.37967,995,694.76AJ128,425,190.94128,959,802.55AK543,978,736.58540,779,673.11AL289,399,413.00289,399,413.00AM1,039,634.89492,514.67IXM

62,059,646.9569,993,634.10

38,342,759.2238,143,977.79

2,766,707,864.192,804,861,188.55

148148

IXMEfficient Pure Trend

(1).

1. 31,351,732,067.8134,428,062,355.74283,244,909.48180,269,881.4266,243,309,214.45 2. 139,935,125.21727,279,134.6512,725,601.52412,339.08880,352,200.46(1)

445,001,158.023,768,506.932,128,466.73412,339.08451,310,470.76 (2) 43,832,897.22723,510,627.7210,597,134.79–777,940,659.73(3)

(348,898,930.03)–––(348,898,930.03) 3. 130,468,799.3165,081,522.2543,178,588.014,013,486.39242,742,395.96 (1) 130,468,799.3165,081,522.2543,178,588.014,013,486.39242,742,395.96 4. (111,426,992.90)(143,117,935.28)(307,727.29)(421,192.44)(255,273,847.91) 5. 31,249,771,400.8134,947,142,032.86252,484,195.70176,247,541.6766,625,645,171.04 1. 9,023,686,539.8912,457,312,027.48212,893,047.9272,866,592.2221,766,758,207.51 2. 1,000,447,563.461,300,624,571.4919,622,462.3413,602,390.042,334,296,987.33 (1) 1,000,447,563.461,300,624,571.4919,622,462.3413,602,390.042,334,296,987.33 3. 43,328,043.0661,164,803.4341,406,666.523,388,812.31149,288,325.32 (1) 43,328,043.0661,164,803.4341,406,666.523,388,812.31149,288,325.32 4. (26,950,983.10)(50,212,005.30)(129,994.97)(122,606.53)(77,415,589.90) 5. 9,953,855,077.1913,646,559,790.24190,978,848.7782,957,563.4223,874,351,279.62 1. 29,059,237.9223,930,090.511,253,728.7245,246.5954,288,303.74 2. 20,257.89–––20,257.89 (1) 20,257.89–––20,257.89 3. 11,845,334.1886,119.3512,822.6919,723.5411,963,999.76 (1) 11,845,334.1886,119.3512,822.6919,723.5411,963,999.76 4. (3,147.45)(79,223.49)(891.04)–(83,261.98) 5. 17,231,014.1823,764,747.671,240,014.9925,523.0542,261,299.89 1. 21,278,685,309.4421,276,817,494.9560,265,331.9493,264,455.2042,709,032,591.53 2. 22,298,986,290.0021,946,820,237.7569,098,132.84107,358,042.6144,422,262,703.20

149149

(1).

2025624Lumina Gold Corp.100%1(1)

(2).

19,005,586.71

5,832,038.014,779,936.334,674,273.124,588,659.194,385,982.193,849,783.922,664,079.3612,349,602.8862,129,941.712025630

150150

3,719,239,013.644,054,550,381.26

(1).

1,015,684,750.28–1,015,684,750.281,011,608,864.77–1,011,608,864.77Copebras204,910,636.21–204,910,636.21403,371,430.72–403,371,430.72Niobras204,650,807.59–204,650,807.59276,889,897.72–276,889,897.72333,670,477.89–333,670,477.89237,350,724.54–237,350,724.54KFM167,122,562.26–167,122,562.26118,968,358.94–118,968,358.94TFM44,423,427.27–44,423,427.2784,736,674.25–84,736,674.25105,065,521.1031,615,388.1973,450,132.91101,688,279.8231,615,388.1970,072,891.63Copebras78,991,776.65–78,991,776.6569,720,817.86–69,720,817.86TFM1,106,828.80–1,106,828.8049,268,027.66–49,268,027.66Niobras56,050,848.40–56,050,848.4038,512,914.36–38,512,914.36TFM11,229,036.79–11,229,036.7937,740,026.79–37,740,026.79TFM8,337.41–8,337.4117,457,217.23–17,457,217.231,527,939,391.18–1,527,939,391.181,638,852,534.79–1,638,852,534.79

3,750,854,401.8331,615,388.193,719,239,013.644,086,165,769.4531,615,388.194,054,550,381.26

151151

(2).

(%)(%)

1,449,347,323.211,011,608,864.774,130,842.6354,957.12–

1,015,684,750.28

7070––

Copebras1,550,060,953.59403,371,430.72147,020,829.49344,219,018.61(1,262,605.39)

204,910,636.21

6868––

Niobras565,650,903.56276,889,897.7226,338,802.0197,577,996.44(999,895.70)

204,650,807.59

9595––

348,730,000.00237,350,724.5496,319,753.35––

333,670,477.89

9696––

KFM13,219,520,248.49118,968,358.94150,080,457.05100,944,721.64(981,532.09)

167,122,562.26

67100––

TFM176,608,388.8884,736,674.25–40,045,142.67(268,104.31)

44,423,427.27

7282––

2,849,000,000.0070,072,891.633,912,639.51535,398.23–

73,450,132.91

33––

Copebras377,478,549.9069,720,817.8641,245,489.3831,665,599.92(308,930.67)

78,991,776.65

8484––

TFM17,968,086,000.0049,268,027.66–47,069,585.46(1,091,613.40)

1,106,828.80

90100312,080,675.99–/

Niobras220,350,347.2138,512,914.3622,464,279.454,729,851.53(196,493.88)

56,050,848.40

7171––

TFM102,053,001.6037,740,026.79–26,409,390.82(101,599.18)

11,229,036.79

10098––

TFM2,200,553,640.0017,457,217.234,110,803.3721,523,480.80(36,202.39)

8,337.41

99100––

202563031,615,388.192024123131,615,388.19

152152

(1).

1. 370,784,068.86244,777,669.28615,561,738.14 2. 62,121,582.849,860,304.0871,981,886.92

(1)

1,383,728.48–1,383,728.48

(2) 60,737,854.369,860,304.0870,598,158.44 3. 106,605,098.9120,128,129.60126,733,228.51

(1) 106,605,098.9120,128,129.60126,733,228.51 4. (381,064.39)(991,561.00)(1,372,625.39) 5. 325,919,488.40233,518,282.76559,437,771.16 1. 234,034,947.16123,540,828.39357,575,775.55 2. 30,541,107.1039,308,720.4969,849,827.59

(1) 30,541,107.1039,308,720.4969,849,827.59 3. 73,125,486.4219,884,518.0493,010,004.46

(1) 73,125,486.4219,884,518.0493,010,004.46 4. (172,071.14)(549,480.80)(721,551.94) 5. 191,278,496.70142,415,550.04333,694,046.74 1. ––– 2. –––

(1) ––– 3. –––

(1) ––– 4. ––– 5. ––– 1. 134,640,991.7091,102,732.72225,743,724.42 2. 136,749,121.70121,236,840.89257,985,962.59

2025624Lumina Gold Corp.100%1(1)36532025630

20256302025630

153153

(1).

1. 347,274,367.7631,909,767,990.83137,870,785.94294,724,400.00445,805,119.1833,135,442,663.71 2. 97,733,038.234,814,287,915.50––24,449,556.854,936,470,510.58(1)

97,733,038.234,814,287,915.50––24,449,556.854,936,470,510.58 3. ––––1,326,741.001,326,741.00 (1) ––––1,326,741.001,326,741.004.

(203,000.25)(136,171,318.40)(571,552.70)(1,221,800.00)(1,617,513.26)(139,785,184.61) 5. 444,804,405.7436,587,884,587.93137,299,233.24293,502,600.00467,310,421.7737,930,801,248.68 1. 106,634,635.8710,910,925,079.3595,993,023.1698,312,118.04251,807,745.0811,463,672,601.50 2. 3,957,454.191,063,468,471.1014,266,743.104,560,457.0025,003,859.141,111,256,984.53 (1) 3,957,454.191,063,468,471.1014,266,743.104,560,457.0025,003,859.141,111,256,984.53 3. ––––1,313,361.491,313,361.49 (1) ––––1,313,361.491,313,361.494.

–(45,722,776.22)(427,578.89)(417,032.03)(924,018.64)(47,491,405.78) 5. 110,592,090.0611,928,670,774.23109,832,187.37102,455,543.01274,574,224.0912,526,124,818.76 1. –20,484,319.60––2,397.1220,486,716.72 2. –––––– (1) –––––– 3. –––––– (1) ––––––4.

––––(9.94)(9.94) 5. –20,484,319.60––2,387.1820,486,706.78 1. 334,212,315.6824,638,729,494.1027,467,045.87191,047,056.99192,733,810.5025,384,189,723.14 2. 240,639,731.8920,978,358,591.8841,877,762.78196,412,281.96193,994,976.9821,651,283,345.49

154154

(1).

202563020256302025630

IXM

2025624Lumina Gold Corp.100%1(1)

(1).

679,527,548.87––2,817,027.57676,710,521.30

(2).

242,967,116.26––1,007,236.67241,959,879.59

155155

(3).

“”

(4).

5,138,449,201.415,766,851,601.52–5

5,138,449,201.415,766,851,601.52–/////

510.91%

2.50%

156156

33,785,526.17–1,380,166.71––32,405,359.46

22,800,000.00–300,000.00––22,500,000.00

124,073,117.25–8,816,627.66––115,256,489.5999,256,269.137,942,197.8711,590,465.6636,366,532.87(3,776.44)59,237,692.03

279,914,912.557,942,197.8722,087,260.0336,366,532.87(3,776.44)229,399,541.08

2012121820131150

2000

20 /

(1).

1,513,954,378.56452,617,966.801,145,671,082.56338,188,792.08135,943,918.5943,012,290.71196,016,701.7041,461,089.519,061,627,726.601,899,341,431.175,844,640,003.431,321,911,136.5324,807,100.124,655,047.6128,502,327.905,559,575.27149,561,610.8837,390,402.7264,711,249.1216,177,812.282,035,748,042.82442,134,082.502,229,765,876.93479,193,388.5972,221,919.9018,055,479.9744,252,574.2811,063,143.5723,190,487.896,666,999.4423,058,105.086,639,525.32249,049,813.8975,475,948.08273,423,229.2984,220,390.8372,242,951.8621,672,885.5860,541,826.1918,162,547.86117,790,123.2327,635,180.76224,112,027.8861,499,896.54

13,456,138,074.343,028,657,715.3410,134,695,004.362,384,077,298.38

157157

20 /

(2).

350,443,600.0053,926,540.24362,329,067.5955,709,360.42

966,875,304.02345,987,022.782,377,914,086.47735,009,313.8010,615,650,748.973,191,238,812.529,656,560,166.002,900,762,297.06300,037,133.7750,922,206.46260,224,669.0946,308,148.92

3,846,950,747.18565,501,759.863,936,464,429.81579,399,385.03

9,597,399,374.532,853,065,517.769,862,208,954.732,937,577,899.41222,741,674.8067,256,415.74254,737,170.7274,612,587.53164,145,296.1637,893,202.88140,706,943.9634,490,455.09

26,064,243,879.437,165,791,478.2426,851,145,488.377,363,869,447.26

2016201620192020

158158

20 /

(3).

885,263,302.662,143,394,412.68791,115,476.711,592,961,821.67885,263,302.666,280,528,175.58791,115,476.716,572,753,970.55

(4).

112,639,721.56122,925,940.8780,246,921.8584,358,506.56

192,886,643.41207,284,447.43

(5).

2025–20,550,465.97202617,991,065.0819,019,006.62202743,969,120.8047,401,866.63202812,854,703.3312,859,602.78202923,093,734.8623,094,998.87203014,731,097.49–

112,639,721.56122,925,940.87

159159

SNEL

1,835,911,455.31–1,835,911,455.311,806,825,178.96–1,806,825,178.96

135,570,103.34–135,570,103.34115,574,213.83–115,574,213.83

77,317,200.00–77,317,200.0063,000,000.00–63,000,000.00

155,044,092.41–155,044,092.41147,885,987.65–147,885,987.65

151,943,391.20–151,943,391.20105,171,941.79–105,171,941.79

22,120,073.28–22,120,073.2830,796,194.00–30,796,194.00

427,032,673.50–427,032,673.50410,702,756.25–410,702,756.25

1,618,893,124.41–1,618,893,124.411,595,177,096.63–1,595,177,096.631,157,278,838.12–1,157,278,838.121,430,877,919.40–1,430,877,919.404,967,238.18–4,967,238.189,902,379.59–9,902,379.59

9)1,299,560,697.43–1,299,560,697.43669,085,195.47–669,085,195.47

4,286,517,492.32–4,286,517,492.325,046,828,472.63–5,046,828,472.63

160160

2025630

SNEL6LIBOR3%

38)

IXM20256304,679,999.8933,502,247.218.25%

2025630440,000,000.00

161161

2,577,535,228.612,387,807,946.813,359,309,247.73–/5,587,437,446.298,284,041,551.20290,000,000.00250,000,000.00150,000,000.00660,000,000.00

11,964,281,922.63/11,581,849,498.01/

(1).

8,982,718,307.479,146,966,209.1611,372,439,976.754,813,270,876.12

20,355,158,284.2213,960,237,085.28

12821

162162

5,163,122,535.922,835,872,062.19

1,938,553,849.73737,115,667.7943,248,484.28141,410,570.72982,763,223.62576,212,014.851,559,789,263.96–

4,524,354,821.591,454,738,253.36

163163

24,327.54212,868.31146,866,438.34606,097,172.74

146,890,765.88606,310,041.05

(1).

3,336,507,429.503,221,000,014.621,833,958,084.241,586,065,036.89

5,170,465,513.744,807,065,051.51

4,725,198,454.714,406,631,087.70

332,325,564.13350,725,275.80

112,941,494.9049,708,688.01

5,170,465,513.744,807,065,051.51

164164

(1).

2,598,205,078.782,345,405,271.54

79,555,458.92275,950,257.75

2,677,760,537.702,621,355,529.29

2,595,391,406.4910,128,505,533.91

(1).

1,433,854,847.942,091,997,403.572,404,685,868.4119,598,799.391,140,765,182.493,287,295.0754,616,548.4854,672,246.73–3,231,596.825,966,057.726,028,084.923,365,830.1367,312.758,695,625.26

1,443,108,200.732,152,642,036.972,462,723,945.2719,666,112.141,152,692,404.57

165165

(2).

1,358,037,210.141,888,743,001.012,201,039,420.8718,559,224.551,064,300,014.83

493,176.5917,641,055.7917,950,911.56(552.83)182,767.9961,668,669.36132,405,015.31132,788,514.791,040,300.3062,325,470.1852,057,945.3174,952,599.1875,488,217.94(204,072.25)51,318,254.30 9,610,724.0557,452,416.1357,300,296.851,244,372.5511,007,215.881,707,867.6542,831,147.8242,821,178.82–1,717,836.6511,947,924.2010,377,183.6410,085,842.37(172.63)12,239,092.84

1,433,854,847.942,091,997,403.572,404,685,868.4119,598,799.391,140,765,182.49

(3).

13,203,809.9652,532,762.6552,587,038.34–3,149,534.27283,485.112,083,785.832,085,208.39–82,062.55

3,287,295.0754,616,548.4854,672,246.73–3,231,596.82

20251-652,532,762.652,083,785.8320241-646,921,120.741,859,955.8220256303,149,534.2782,062.55202412313,203,809.9683,485.11

166166

198,358,564.70284,024,506.076,762,190,900.204,506,311,625.44

2,889,987.403,485,596.46135,925,521.01190,862,470.05

251,836,324.07393,119,665.202,852,794.753,332,101.2472,528,118.9453,201,387.45–4,036,154.91

169,751,154.8591,402,661.51

7,596,333,365.925,529,776,168.33

31.1

1,745,798,950.0634,063,210.06

3,308,042,279.855,126,757,103.99

5,053,841,229.915,160,820,314.05

31.2

1,003,034,340.00–15,943,017.8915,943,017.8911,497,082.9311,497,082.936,623,109.246,623,109.24Gécamines644,274,000.00–()()64,427,400.00–

1,745,798,950.0634,063,210.06

167167

31.3

825,434,827.873,017,258,105.48Gécamines347,894,785.10135,898,663.2191,844,429.20107,106,078.11689,150,849.85421,832,761.34191,165,179.66319,468,958.7613,435,224.8312,072,743.9139,210,628.8539,210,628.85

500,000,000.00500,000,000.00LUALABA

1116143,172,000.00222,840,400.00466,734,354.49351,068,764.33

3,308,042,279.855,126,757,103.99

2024619(“”)65.1%292025630

34)3,555,593,630.063,309,172,093.1035)–2,058,515,068.4636)130,971,839.18138,308,953.0540)725,919,728.50704,962,821.28

4,412,485,197.746,210,958,935.89

168168

1,341,962,352.26830,355,325.34

(1).

972,213,482.124,305,368,475.336,495,849,147.948,337,643,733.50

32)3,555,593,630.063,309,172,093.10

3,912,469,000.009,333,840,115.73

100%

(2).

3,312,469,000.008,013,040,115.73600,000,000.001,320,800,000.00

3,912,469,000.009,333,840,115.73

169169

(2).

20256302.0500%6.80726%202412312.1000%

7.8214%)

2025630

(1).

–2,058,515,068.46

32)–2,058,515,068.46

––

254,033,519.91275,179,629.85

32)130,971,839.18138,308,953.05

123,061,680.73136,870,676.80

170170

(1)

46,261,554.5643,276,877.7259,383,757.2967,641,464.7017,416,368.8825,952,334.38

123,061,680.73136,870,676.80

(1).

553,829,161.10521,266,904.86

8,400,602.147,125,486.33

2,254,543.802,263,929.07

564,484,307.04530,656,320.26

171171

2,372,202,038.352,583,716,971.601244,412,066.55246,814,224.092

2,616,614,104.902,830,531,195.69/

12,660,067.10–192,792.9012,467,274.20

12,842,260.80–3,502,434.909,339,825.9028,491,118.68200,000.00456,621.9828,234,496.70

53,993,446.58200,000.004,151,849.7850,041,596.80

172172

179,534.041,039,354.44

6,552,640,684.286,235,069,968.8310,125,691,862.1710,721,380,489.63

1,757,662,204.332,414,447,111.212,502,856.303,015,930.31

18,438,677,141.1219,374,952,854.42

20221298.3

20256306,954,386,243.19202412316,511,020,226.58

GécaminesLundin Holdings LimitedTF Holdings Limited)TFM200592820101211

“”)TFMLundin Holdings LimitedTF HoldingsLimited)Chui LTDFaru LTDMboko LTDMofia LTDTembo LTDGécamines2005928

201012111“”)Gécamines2021TFMTFMTFMGécamines2023418GécaminesGécaminesTFMGécamines8202320286701,982,485.004,930,479,277.46

173173

+21,599,240,583–––(99,999,964)(99,999,964)21,499,240,619

202412102024

202199,999,96420252621,599,240,58321,499,240,619

4,319,848,116.604,299,848,123.80

202532120255302024

2021104,930,44321,499,240,61921,394,310,1764,299,848,123.804,278,862,035.202025716

(1).

1,000,000,000.001,000,000,000.00

20221210

174174

27,602,242,178.42–664,117,499.1526,938,124,679.27

106,692,028.511,533,333.35–108,225,361.86

27,708,934,206.931,533,333.35664,117,499.1527,046,350,041.13

1,266,543,810.15–684,117,491.95582,426,318.20

175175

(71,767,009.81)–––––(71,767,009.81)

(82,486,641.75)–––––(82,486,641.75)

10,719,631.94–––––10,719,631.942,811,696,818.03(540,418,503.93)27,148,577.03–(506,523,383.28)(61,043,697.68)2,305,173,434.75 77,380,124.15(50,231,547.12)27,148,577.03–(77,380,124.15)––

2,734,316,693.88(490,186,956.81)––(429,143,259.13)(61,043,697.68)2,305,173,434.75

2,739,929,808.22(540,418,503.93)27,148,577.03–(506,523,383.28)(61,043,697.68)2,233,406,424.94

267,497,082.6399,908,031.4931,763,927.32335,641,186.80

2,159,924,058.30––2,159,924,058.30

176176

34,093,404,253.9823,977,727,693.238,671,260,077.5113,532,035,002.94–60,086,097.54

5,455,549,094.893,300,072,344.65

–56,200,000.00

37,309,115,236.6034,093,404,253.98

(1).

94,666,462,155.1674,642,886,469.03102,742,643,686.2983,849,744,170.95106,041,615.0484,445,481.6875,788,002.2774,219,732.99

94,772,503,770.2074,727,331,950.71102,818,431,688.5683,923,963,903.94

177177

(2).

4,063,788,105.762,219,093,533.533,881,004,304.102,327,699,987.063,892,330,342.602,415,597,042.193,111,520,978.652,285,594,438.8031,446,371,636.6417,859,288,101.6924,368,149,603.1812,463,912,398.5933,348,467,407.3630,440,539,412.2522,866,312,117.8821,653,444,099.7621,915,504,662.8021,708,368,379.3748,515,344,038.0945,118,804,343.47––312,644.39288,903.27

94,666,462,155.1674,642,886,469.03102,742,643,686.2983,849,744,170.95

17,906,317.2313,247,517.9417,438,392.6713,223,151.081,635,852,706.111,786,981,361.38180,321,103.52176,875,942.97

1,851,518,519.531,990,327,973.37

178178

31,675,526.8521,818,181.85969,822.75568,248.841,157,505.60868,423.001,850,757.912,021,211.4420,875,004.4829,270,706.84

56,528,617.5954,546,771.97

766,159,620.24543,121,529.4482,111,485.7998,243,479.7670,329,416.4084,290,959.9415,879,611.2312,871,371.675,849,659.6532,397,425.7033,454,906.2238,466,031.32

11,025,093.389,516,730.33145,592,376.89346,694,467.09

1,130,402,169.801,165,601,995.25

179179

21,484,931.5442,807,397.27

11,749,512.8816,814,636.75

1,189,960,848.071,888,704,250.20148,476,191.10140,626,256.20798,758,089.17735,750,175.6750,335,574.42225,042,210.41–1,104,264.00356,101,194.93168,215,750.25

979,350,163.771,747,564,589.41

280,125.748,165,367.34192,792.90192,792.903,502,434.903,502,434.903,950,000.004,180,000.002,935,370.0311,109,762.4114,123,900.004,000.005,500,000.00–3,428,436.122,678,139.59

33,913,059.6929,832,497.14

180180

301,196,747.46354,118,291.35

13)13,857,095.46305,937.38543,601.70–(44,002,333.87)(13,584,386.86)1,717,070.48–

273,312,181.23340,839,841.87

(1,341,225,955.71)(2,960,854,100.93)

–(1,400,610.31)(9,261,274.01)12,524,555.11

13,027,944.96(103,239,946.63)12,432,235.2433,546,630.0213,572,509.08194,222.79158,893,543.92(27,120,878.62)

(1,152,560,996.52)(3,046,350,128.57)

181181

(8,103,083.92)8,556,793.98(420,330.02)138,087.10

(8,523,413.94)8,694,881.08

14,812,335.79(688,375.93)(20,257.89)–

14,792,077.90(688,375.93)

(9,612,963.73)14,838,948.47

182182

–21,495,534.59–7,461,188.89885,820.217,461,188.89

7,461,188.8922,381,354.807,461,188.89

5,233,406.701,277,243.815,233,406.70

11,833,286.138,602,310.4011,833,286.1347,324,819.075,773,469.5947,324,820.07

64,391,511.9015,653,023.8064,391,512.90

(1).

6,017,770,397.175,024,781,762.68(142,503,788.48)8,406,946.66(815,761,465.43)(210,463,504.14)

5,059,505,143.264,822,725,205.20

183183

(2).

14,902,530,668.3211,153,116,748.5715% 202415%)2,235,379,600.141,672,967,512.29

690,023,494.64445,463,884.83/(553,641,545.79)(329,516,505.68)

(6,233,869.54)(9,704,724.40)

4,424,483.382,203,171.69

20(2)13(166,186,369.80)149,605,545.33–9,637,357.002,998,243,138.712,873,445,832.76(142,503,788.48)8,406,946.66–216,184.72

5,059,505,143.264,822,725,205.20

184184

(1).

18,105,520.6010,270,018.64576,819,436.91564,179,267.6126,781,651.3614,596,259.62

409,779,598.64373,391,270.65

1,031,486,207.51962,436,816.52

213,475,693.44265,835,192.109,315,364.067,907,960.912,457,912.612,821,042.26302,071,037.21311,686,013.39

527,320,007.32588,250,208.66

185185

(2).

5,558,464,361.565,282,931,869.792,224,497.00500,000,000.00

4,036,957,753.528,440,744,011.541,936,845.0050,000,000.0072,466,285.02461,122,127.5678,908,500.00106,571,250.00

216,595,357.55287,932,701.14

–58,565,513.78

216,595,357.55346,498,214.92

186186

(2).

71,418,399.5127,917,970.47–355,237,500.0014,049,083.4763,289,761.12

85,467,482.98446,445,231.59

(3).

900,000,000.00375,000,000.00347,217,064.47956,980,235.7158,423,572.455,306,843.20

1,305,640,636.921,337,287,078.91

–420,758,412.01359,023,320.5516,249,304.491,100,000,000.001,300,000,000.00717,350,000.00–58,887,347.4393,154,708.16

2,235,260,667.981,830,162,424.66

187187

(1).

9,843,025,525.066,330,391,543.37

(14,792,077.90)688,375.938,523,413.94(8,694,881.08)

2,334,296,987.331,832,126,463.4569,849,827.5972,843,135.461,111,256,984.53812,418,029.1422,087,260.0327,166,573.91“”9,612,963.73(14,838,948.47)

“”5,233,406.701,277,243.81

“”1,152,560,996.523,046,350,128.57“”1,762,632,833.622,470,328,695.04“”(273,312,181.23)(340,839,841.87)

“”(547,057,572.23)(418,500,770.82)

“”(265,649,775.86)362,349,551.32“”1,419,171,942.24(462,678,872.34)

“”(5,081,480,833.87)(3,591,562,508.46)

“”286,507,875.95329,490,054.95166,200,744.19330,978,217.7212,008,668,320.3410,779,292,189.632.

–979,935,000.003.

29,191,465,936.5130,917,698,244.0227,280,717,697.8126,118,763,976.52––––1,910,748,238.704,798,934,267.50

188188

(2).

29,191,465,936.5127,280,717,697.81

2,867,668.023,062,041.30

29,188,598,268.4927,277,655,656.51––29,191,465,936.5127,280,717,697.81

(3).

–758,732,744.64

2,577,535,228.612,387,807,946.81

2,577,535,228.613,146,540,691.45/

189189

(1).

75,247,951.911.000075,247,951.91 449,532,173.727.15863,218,021,018.78 537,222.918.38234,503,169.95 2,044,838.120.91191,864,758.53 968.894.67534,529.82 262,653,511.811.3118344,547,734.28 154,169.559.82211,514,264.96 151,316.545.6158849,763.12 1,422,527,373.570.00253,498,218.90 12,250,727.810.40734,990,010.37 144,159.599.01591,299,723.93 38,374,205.000.0077293,570.39 588,321.270.3798223,444.89 623,053.532.01711,256,745.78 11,153.280.17982,005.48 284,687,181.000.0004125,559.84 2,553.940.2496637.54 19,083,200,000.000.0495944,350,664.23 52,991.515.2329277,298.75 17,630,257.000.005393,452.09

221,886,329.320.379884,272,612.23 153,469,223.322.0171309,558,969.27

32,133,801.371.000032,133,801.37

300,000,000.001.0000300,000,000.00

190190

(2).

TFMKFMIXMHoldingSA

219,231,302.10137,205,701.11219,231,302.10137,205,701.11219,231,302.10137,205,701.11

(1).

(%)Lumina Gold Corp.20256242,986,753,415.79100.002025624–––

2025624Lumina Gold Corp.

100%

191191

(2).

Lumina Gold Corp.

149,900,776.25 144,079,655.29

4,921,447,310.45 4,913,995,742.09

5,071,348,086.70

2,083,665,091.81929,579.07

2,084,594,670.88

2,986,753,415.82

–

2,986,753,415.82

192192

(1).

(%)

(“”)170,000,000.00

100–(“”)

100,000,000.00

100–(“”)

100,000.00

100–(“”)

2,148,552,236.38

100–(“”)

290,000,000.00

100–1,400,000,000.00

65.1–

(“”)

33,390,000.00

51–(“”)

55,480,000.00

51–(“”)

65,654,411.50

51–(“”)

50,000,000.00

100–3,731,449,582.10

100–(“”)

660,000,000.00

100–(“”)

267,800,000.00

100–CMOC DRC Limited(“”)––100

1.30

–100CMOC Luxembourg S.A.R.L(“”)

600,020,000.00

–100CMOC Capital Limited(“”)––100(“”)

250,000,000.00

–10010,000,000.00

–100

193193

(%)(“”)

50,000,000.00

–100––100Natural Resource Elite Investment Limited(“NREIL”)212,400,000.00

–100W-Source Holding Limited

1,125.87

–100

Ridgeway Commodities S.A.

99,108.42

–100IXM Holding SA

102,818.49

–100

IXM B.V.

0.05

–100

(“”)

211,120,000.00

–100CMOC Singapore Pte. Ltd.

417,225,912.27

–100KFM Holding Limited.

5,000.00

–75830,000,000.00

–100(“”)

11,000,000.00

–100(“”)

200,000,000.00

–100Purveyors South Africa Mine Services CMOC(“”)

––100

CMOC International DRC Holdings Limited (“CIDHL”)

––100

BHR Newwood Investment Management Limited (“BHR”)470,000,000.00

–100

Congo Construction Company SARL

100,000.00

–100

TF Holdings Limited(“TFHL”)

8,400.00

–100

(“”)

60,000,000.00

–10010,000,000.00

–100

(1).

194194

(%)

10,000,000.00

–100Kisanfu Holding Ltd.

97,876,162.00

–75Tenke Fungurume Mining S.A. (“TFM”)––80

CMOC Kisanfu Mining S.A.R.L.

102,132,800.00

–71.25CMOC Commodity––100

––100Artemida Limited––100CMOC Zeta Limited––100CMOC Fortune Limited––100CMOC New Resources Limited––100CMOC ZIMBABWE (PRIVATE) LIMITED

1,000,000.00

–10060,000,000.00

–10020,000,000.00

51–

CMOC Power Limited––100

67,000,000.00

–100Lumina Gold Corp.

229,232,162,29

–100Lumina Trading (Cayman) Ltd.

1.00

–100Odin Mining del Ecuador

9,300,000.00

–100

20256Lumina Gold Corp

2025630

(1).

195195

(1).

(%)50–40––30LUALABA–44

(2).

243,950,939.33308,888,985.38

104,659,624.29200,489,987.011,841,869,431.161,824,785,814.07

2,085,820,370.492,133,674,799.45

487,905,516.81760,749,906.73269,996,554.02176,008,938.74

757,902,070.83936,758,845.47

196196

(2).

32,858,955.6419,020,851.181,295,059,344.021,177,895,102.80647,529,672.01588,947,551.40

(80,649,992.68)(69,164,738.10)566,879,679.33519,782,813.30

370,482,441.35633,834,596.307,380,066.8014,344,337.3448,647,602.89109,974,018.11143,565,421.40286,662,607.38143,565,421.40286,662,607.38

––

90%10%

8%47%

197197

(3).

//LUALABALUALABA

227,498,568.674,116,100,539.41150,813,273.47200,097,154.093,995,250,293.5679,870,415.34

32,727,760.18678,217,776.63147,763,709.87411,263.12771,714,725.5515,653,554.3748,678,926.508,363,254,598.071,126,758,460.3848,733,030.148,660,054,436.371,162,458,059.86

276,177,495.1712,479,355,137.481,277,571,733.85248,830,184.2312,655,304,729.931,242,328,475.20

117,293,879.31735,220,992.0026,739,279.3047,135,210.55675,095,364.231,925,774.16–4,069,305,443.1914,347,000.00–5,075,957,787.8216,677,088.00

117,293,879.314,804,526,435.1941,086,279.3047,135,210.555,751,053,152.0518,602,862.16

––––––158,883,615.867,674,828,702.291,236,485,454.55201,694,973.686,904,251,577.881,223,725,613.04

63,553,446.342,302,448,610.69544,053,599.9580,677,989.472,071,275,473.36538,439,269.741,286,682.6111,756,471.80–6,185,124.0815,151,478.83–64,840,128.952,314,205,082.49544,053,599.9586,863,113.552,086,426,952.19538,439,269.74

228,808,201.273,843,631,182.66–190,766,061.713,530,811,865.7664,054,030.78798,360,579.1817,869,996.6786,619,427.64689,782,356.40

64,054,030.78767,888,819.8512,759,841.5186,619,427.64725,611,195.80

54,050,000.00––45,000,000.00–

40%50%11

198198

/53,993,446.58200,000.004,151,849.7850,041,596.80

53,993,446.58200,000.004,151,849.7850,041,596.80/

4,151,849.783,695,227.8029,761,209.9126,137,269.34

33,913,059.6929,832,497.14

199199

202563020241231

8,405,3016,509,9062,200,3461,393,128

2,766,7082,804,86161,97580,4357,1397,13931,769,00130,427,258956,372647,879595,904842,9243,249,1701,764,5131,069,021437,5861,306,1391,852,148

5,163,1232,835,8724,524,3551,454,73820,355,15813,960,237146,891606,3105,170,4664,807,0655,053,8415,160,8204,281,5136,072,6503,912,4699,333,8401,757,6622,414,447

200200

1.1.

1.1.1.

2025630

201201

1.1.

1.1.1.

202563020241231

3,218,0212,980,567

75,248402,946

(32,134)(32,134)

(300,000)(315,000)

(256,886)55,812

344,548186,812

3,4986,021

944,3511,294,562

202202

202563020241231

(84,273)(59,095)

(84,050)(58,100)

1,257

(309,559)(209,479)

(308,302)(209,219)

20251-620241-610%(321,802)(321,802)(272,935)(272,935)10%25,68925,689111,299111,29910%(34,455)(34,455)(18,211)(18,211)

1.1.

1.1.1.

203203

1.1.

1.1.2.

2334

20,593,1242)

20251-620241-6

(102,966)(102,966)(190,570)(190,570)

102,966102,966190,570190,570

204204

1.1.

1.1.3.

IXMIXM

20251-620241-65%24,85824,858––(5%)(24,858)(24,858)––

1.1.4.

5%76,50993,699

205205

1.2.

2025630

11.2.111.2.211.2.311.2.4

47.79%63.45%)

71021

206206

1.3.

2025630

21,191,048–––21,191,0483,655,7143,412,589610,141–7,678,4445,163,123–––5,163,123

146,891–––146,8915,170,466–––5,170,4665,053,841–––5,053,841

134,90149,07966,61521,409272,004

870,860870,8601,028,840–2,770,560

4,524,355–––4,524,355

45,911,1994,332,5281,705,59621,40951,970,732

207207

1.3.

20241231

14,600,733–––14,600,733

3,555,6228,259,4901,353,762–13,168,8742,835,872–––2,835,872606,310–––606,3104,807,065–––4,807,0655,160,820–––5,160,8202,080,743–––2,080,743144,11846,98878,98533,219303,310873,840873,8401,747,680–3,495,3601,454,738–––1,454,73836,119,8619,180,3183,180,42733,21948,513,825

208208

(1).

–107,056,231.00

(50,231,547.12)27,148,577.03

209209

–8,344,253–8,344,253––1010––25,65325,653–21,60113,78435,385

––7,1397,139

–6,000,695–6,000,695––90,14190,141

––61,97561,975

––769,466769,466––840,389840,389––989,046989,046––128,425128,4251,040––1,040

––38,34338,343

399,709––399,709

–19,705–19,705–1,780,931–1,780,931400,74916,167,1852,964,37119,532,305

–5,163,123–5,163,123

1,938,554––1,938,554

–43,248–43,248–982,763–982,763––1,559,7891,559,7891,938,5546,189,1341,559,7899,687,477

210210

2025630/25,663

2,734,465 /

90,141

61,975

(1,507,662)

211211

(%)(%)18,181.8224.8124.81

20256305,333,220,00024.81%

212212

(“”)(“”)

RESOURCELUALABA

(“”)(“”)(“”)(“”)(“”)(“”)(“”)“”(“”)“”“”

20221031“”)“”)100%202336

24.68%

20221031

213213

(1).

96,296,245.1074,091,018.28241,621,753.26519,263,502.67

3,494,640.791,988,801.142,387,247.89–159,113.33383,043.961,363,653,100.271,060,917,584.37313,939,215.79344,107,533.9255,860,467.74–397,087,660.10–382,663.14–

2,184,274.42–

14,076,952.6514,512,778.58–177,396.967,433,628.327,433,628.325,924,330.667,427,297.7915,066,738.136,702,397.5215,680.35–106,840.97320,737.6234,044.00––1,756,844.001,982,568,058.093,068,491,284.47363,992,916.41–86,954,904.84––96,676.9412,194,484.5112,144,341.22RESOURCE546,037.21–LUALABA1,649,905.00–LUALABA714,161.74–

214214

(2).

14,018,810.58736,997.2651,806,944.1312,955,748.04699,051.6647,860,422.17237,599.99–––––5,128,928.94126,271.50–2,564,464.47321,651.89–86,400.01–––––

(3).

8,29716,946

215215

(1).

6,814.528.1924,691.1855.1815,014,851.10342,986.184,353,610.55152,987.585,333,650.53–394,557.34–7,009,405.29–6,477,874.02–2,564,464.47–2,564,464.47–385,888.48–363,588.48–13,109.2615.76––––176,709.13–159,517,779.01–147,962,010.09–409,000,160.10–410,702,756.25–––23,432,640.65–195,456,797.84–92,423,435.81–369,995,713.28–––––131,521.14–RESOURCE18,032,513.40–7,324,979.60–RESOURCE544,903.04–––LUALABA14,317,200.00–14,376,800.00–LUALABA614,048.74–––

216216

(2).

22,250,816.1015,224,987.0823,932.37119,388.8714,966.6514,966.6521,424,614.9112,902,165.433,761,349.083,096,786.31

25,899,517.6324,357,465.296,617,551.47–2,416,881.009,617,650.222,512,024.01––147,993.62–6,801.79593,349,710.55–10,125,691,862.1710,721,380,489.631,788,849,665.441,719,955,344.5012,095,387.75–5,574,407.62–41,596,090.31–69,902.21––81,483.55–142,00024,000.00–LUALABA1,073,790.001,917,721.35LUALABA221,916,600.00222,840,400.00

217217

2021

20215215(“”)2021521A48,513,2872

48122021617

30%30%40%

20226102021

2021<2021><

2021>117,500,000

(1).

––––––––––––––––––––––––

218218

(2).

2–2–

“”108,225,361.861,533,333.35

–1,533,333.351,533,333.35

219219

(1)

4,031,6822,269,299

155,252155,273

4,186,9342,424,572

2025630

(1).

(1)

220220

20252214621

(1).

221221

(2).

20251-6

4,063,7883,892,33031,446,37282,332,401106,042–(27,068,429)94,772,504

2,219,0942,415,59714,111,72579,217,33684,445–(23,320,865)74,727,332–––––1,851,519–1,851,519–––––56,529–56,529–––––1,130,402–1,130,402–––––219,231–219,231–––––979,350–979,350–––––14,792–14,792

–––––(8,523)–(8,523)

–––––(1,152,561)–(1,152,561)

–––––273,312–273,312

–––––(9,613)–(9,613)

–––––33,913–33,913–––––14,959,461–14,959,461

–––––14,959,461–14,959,461–––––7,461–7,461–––––64,392–64,392

–––––14,902,531–14,902,531–––––5,059,505–5,059,505

–––––9,843,026–9,843,026

222222

(2).

20241-6

3,881,0043,111,52124,368,15092,973,05476,101–(21,591,398)102,818,4323,881,0043,111,52124,368,15092,973,05476,101–(21,591,398)102,818,4323,881,0043,111,52124,368,15092,973,05476,101–(21,591,398)102,818,4322,327,7002,285,59412,051,66088,363,64774,509–(21,179,146)83,923,964

–––––1,990,328–1,990,328–––––54,547–54,547–––––1,165,602–1,165,602–––––137,206–137,206–––––1,747,565–1,747,565–––––(688)–(688) –––––8,695–8,695 –––––(3,046,350)–(3,046,350) –––––340,840–340,840 –––––14,839–14,839 –––––29,832–29,832

–––––11,146,388–11,146,388–––––11,146,388–11,146,388–––––22,381–22,381–––––15,653–15,653–––––11,153,117–11,153,117–––––4,822,725–4,822,725–––––6,330,392–6,330,392

223223

(1).

202563020241231

721,459,960.53761,243,032.25

202563020241231

737,516,320.9716,056,360.44721,459,960.53777,032,058.2915,789,026.04761,243,032.25

280,769,879.89305,732,597.474,543,368,111.775,029,006,084.081,317,925,218.676,846,121,382.40

6,142,063,210.3312,180,860,063.95

224224

202563020241231

1,345,700,056.0327,774,837.361,317,925,218.676,873,896,219.7627,774,837.366,846,121,382.40

2025630

225225

35,114,039,209.3853,451,524.6635,060,587,684.7235,112,505,876.0353,451,524.6635,059,054,351.37413,934,095.83–413,934,095.83388,271,935.66–388,271,935.66

35,527,973,305.2153,451,524.6635,474,521,780.5535,500,777,811.6953,451,524.6635,447,326,287.03

(1).

13,557,261.6719,926,488.19––––13,557,261.6719,926,488.19–17,028,900.00–––––17,028,900.0016,900,901.9416,496,136.47––––16,900,901.9416,496,136.47290,000,000.00–––––290,000,000.00–100,000,000.00–––––100,000,000.00–1,869,455,300.96–––––1,869,455,300.96–170,000,000.00–––––170,000,000.00–980,000,000.00–––––980,000,000.00–261,520,000.00–––––261,520,000.00–50,700,000.00–––––50,700,000.00–30,176,383,463.63–––––30,176,383,463.63–660,000,000.00–––––660,000,000.00–267,800,000.00–––––267,800,000.00–20,000,000.00–––––20,000,000.00–182,737,423.17–1,533,333.35–––184,270,756.52–

35,059,054,351.3753,451,524.661,533,333.35–––35,060,587,684.7253,451,524.66

226226

(2).

222,880,798.14––32,757,431.67–––––255,638,229.81– 68,547,513.27––14,339,434.36–––––82,886,947.63–291,428,311.41––47,096,866.03–––––338,525,177.44– 86,863,113.55––32,027,015.40––54,050,000.00––64,840,128.95– 6,025,607.07––428,607.83–––––6,454,214.90– 3,954,903.63––159,670.91–––––4,114,574.54–96,843,624.25––32,615,294.14––54,050,000.00––75,408,918.39–388,271,935.66––79,712,160.17––54,050,000.00––413,934,095.83–

(1).

3,297,977,280.271,492,189,975.563,087,523,565.571,556,029,634.35131,089,290.8090,523,778.44105,435,448.5189,470,462.53

3,429,066,571.071,582,713,754.003,192,959,014.081,645,500,096.88

227227

79,712,160.17151,535,218.88(23,031,204.37)–

56,680,955.80151,535,218.88

(9,069,362.03)

29,761,209.91

(30,271,583.00)12,194,484.51(56,930,323.99)(9,261,274.01)(8,979,327.90)

(1,993,330.99)

(52,604,189.72)

228228

(%)()()

11.700.410.41 11.770.410.41

2025822

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