China Molybdenum Co., Ltd. announced earnings estimated results from 1 January 2018 to 31 December 2018. The production volume of major products of the company in 2018 is estimated as follows: copper and cobalt sector of Tenke Fungurume Mining achieved a production volume of 168,309 tonnes of copper metal, and achieved a production volume of 18,747 tonnes of cobalt metal. Molybdenum and tungsten sector achieved a production volume of 15,380 tonnes of molybdenum metal, and achieved a production volume of 11,697 tonnes of tungsten metal (excluding Luoyang Yulu Mining Co., Ltd.). Niobium and phosphate sector achieved a production volume of phosphate fertilizer (high concentration fertilizer and low concentration fertilizer) of 1,116,342 tonnes and niobium metal of 8,957 tonnes. Copper and gold sector of Northparkes copper/gold mine achieved a production volume of 31,931 tonnes of copper metal, and achieved a production volume of gold of 25,324 ounces as calculated based on 80% equity interests. It is estimated that the operating revenue for the year 2018 will increase by an amount between RMB 1.452 billion and RMB 2.052 billion, representing an increase between 6.01% and 8.50% as compared with the same period of last year. The estimated interval of operating revenue for the year 2018 ranges from RMB 25.6 billion to RMB 26.2 billion. It is estimated that the net profit attributable to equity holders of the company for the year 2018 will increase by an amount between RMB 1.792 billion and RMB 2.152 billion, representing an increase between 65.70% and 78.90% as compared with the same period of last year. The estimated interval of net profit attributable to equity holders of the company for the year 2018 ranges from RMB 4.520 billion to RMB 4.880 billion. It is estimated that the net profit attributable to equity holders of the company after deduction of non-recurring loss/profit will increase by an amount between RMB 1.125 billion and RMB 1.555 billion, representing an increase between 35.99% and 49.74% as compared with the same period of last year. The estimated interval of net profit attributable to equity holders of the company after deduction of non-recurring loss/profit ranges from RMB 4.250 billion to RMB 4.680 billion. The increase in the estimated results of the company for the year 2018 is mainly attributable to the following two reasons: (i) in 2018, the market prices of the major metal products of the company, such as molybdenum, tungsten, phosphate, cobalt, niobium and copper, increased to a different extent as compared with the same period of 2017, and the profitability of the company was enhanced; and (ii) the Company's interests expenses decreased, while interests and investment incomes increased as a result of the completion of the its non-public issuance of A shares in July 2017 and raised an total amount of RMB 18 billion.