Zhejiang Huayou Cobalt Reports Revenue and Profit Growth in First Three Quarters of 2025

Deep News11-04

Zhejiang Huayou Cobalt Co., Ltd. announced on November 4 that the company achieved both revenue and profit growth in the first three quarters of 2025.

The company reported cumulative operating revenue of 58.941 billion yuan, a year-on-year increase of 29.57%, while net profit attributable to shareholders reached 4.216 billion yuan, up 39.59% year-on-year. In the third quarter alone, operating revenue stood at 21.744 billion yuan, a quarter-on-quarter rise of 12.35%, with net profit attributable to shareholders at 1.505 billion yuan, up 3.18% from the previous quarter.

The company noted that its precursor business has achieved full self-sufficiency in cobalt and nickel raw materials. Additionally, the Pomalaa project in Indonesia is expected to be completed and operational by the end of next year.

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