China Molybdenum (603993) Stock Price, Fundamentals & Analysis

What 603993 does

China Molybdenum (603993) is a stock listed on the Shanghai Stock Exchange in the Basic Materials sector, specifically the Other Industrial Metals & Mining industry. The company, formerly known as China Molybdenum Co., Ltd. and renamed CMOC Group Limited in June 2022, operates across Asia, Africa, South America, and Europe. It mines, processes, and smelts base and rare metals, with segments covering molybdenum and tungsten products, niobium and phosphorus products, copper-cobalt products, and mineral and metal trading. The business also includes refined metals trade, logistics, and technology services.

Key numbers explained

• The current price of 17.08 CNY reflects the latest trading value; a -3.28% price change today indicates a short-term decline.
• The trailing P/E ratio of 13.2 compares the price to the last 12 months of earnings, while the forward P/E of 10.8 uses expected future earnings, offering a sense of valuation relative to growth expectations.
• The dividend yield of 2.23% shows the annual dividend as a percentage of the price, with an ex-dividend date of Sep 9, 2026; the company pays out 22% of its earnings as dividends.
• The beta of 1.16 suggests the stock tends to move about 16% more than the overall market, indicating moderate volatility.
• The 52-week range of 13.72 – 28.78 shows the lowest and highest prices over the past year, with the current price near the lower end of that range.
• Revenue of 247.23 mld. CNY with 41.3% year-over-year growth highlights strong top-line expansion, while a 11.3% profit margin and 19.8% operating margin show how much of that revenue turns into profit.
• The return on equity of 33% indicates how effectively the company generates profit from shareholders' capital, and a debt-to-equity ratio of 42.5% reflects a moderate level of debt relative to equity.

What to watch

Investors tracking China Molybdenum often look at commodity price cycles for molybdenum, copper, cobalt, and tungsten, as these directly affect revenue and margins. The company's global operations across multiple continents mean it can be influenced by geopolitical developments, trade policies, and currency fluctuations. Production costs, exploration success, and capacity expansions are also relevant factors. Because the stock is part of the broader Shanghai market, broader index movements and sector rotation can impact its price. For context on peers, see Hoshine Silicon Industry (603260), ZHEJIANG HUAYOU COBALT (603799), and Aluminum Corporation of China Limited (601600).