Construction and Engineering

China Metallurgical Corp New Contracts Drop 19.6% YoY in First 4 Months to 248.03 Billion RMB

MCC released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 92.2 B, actual EPS CNY 0.08

MCC FY2026 Q1 Earnings Release Scheduled for April 29 After-Market BJT

China Metallurgical Group reports new contract total of 206.1 billion yuan in Q1 2026

MCC released FY2025 Q4 earnings on March 30 Pre-Market (BJT), actual revenue CNY 120.29 B, actual EPS CNY 0

MCC released FY2025 Annual Earnings on March 30 Pre-Market (BJT), actual revenue CNY 455.38 B (forecast CNY 486.36 B), actual EPS CNY 0 (forecast CNY 0.3225)

MCC to release FY2025 earnings on March 30, pre-market (BJT), forecast revenue CNY 477.15 B, EPS CNY 0.3225

Zhongye Property Achieves Strategic Transformation, Expanding Managed Area Beyond 9.96 Million Square Meters in 2025

China Metallurgical Group Repurchased 50.2775 Million A-shares and 19.637 Million H-shares

China Metallurgical Group repurchased 237,000 shares

China Metallurgical Group repurchased 685,000 shares

China Metallurgical Group Repurchased 40.565 million A-shares

China Metallurgical Group repurchased 474,000 shares for HK$856,500

China Metallurgical Group Repurchased 787,000 Shares for HKD 1.518 Million

China Metallurgical Group Repurchased A-shares and H-shares

China Metallurgical Group Corporation Repurchased 24,793,926 Shares of A-Shares for the First Time

China Metallurgical Group Predicts 81% Profit Decline in 2025

China Metallurgical Group Plans to Repurchase A Shares for 1 to 2 Billion Yuan

China Metallurgical Group Sees Sharp Decline in Net Profit Last Year

China Metallurgical Group Corporation's Signed Contract Amount Decreased by 10.8% in 2025

601618

01618

Huatai Securities has raised the target price for MCCto HKD1.92, maintaining an Overweight rating on A-shares and a Buy rating on H-shares. MCC reported a 1Q revenue of RMB92.204 billion, down 24.59% YoY, but net profit increased to RMB1.633 billion, up 1.59% YoY. The company is expected to operate with a lighter asset base following the divestment of non-core assets, with net profit forecasts for 2026-2028 maintained at RMB5.9 billion and RMB6.3 billion. Valuation set at 12x 2026 PE for A-shares and 6x for H-shares.

AASTOCKS News

HTSC

Huatai Securities Co., Ltd. GDR Class A RegS

Huatai Securities Raises MCC  TP to HKD1.92 as Net Profit Reverses Downtrend

515210

561330

512400

Metallurgical Corporation of China Ltd. reported a 10.6% year-on-year decline in new contracts for Q1 2026, totaling RMB206.10 billion, due to softer demand in capital construction. However, core business contracts grew by 19.3%, driven by ferrous metallurgy projects, and overseas contracts increased by 9.6% to RMB13.19 billion, indicating resilience in international markets. The company continues to expand into technology-driven and environmental sectors while maintaining a focus on metallurgy and mining-related construction.

Tip Ranks

Guotai CSI Iron & Steel ETF

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

China Southern CSI SWS Non-Ferrous Metal ETF

MCC’s Q1 2026 New Contracts Fall Overall but Core and Overseas Business Grow

Metallurgical Corporation of China Ltd. announced the resignation of independent non-executive director Mr. Ng, Kar Ling Johnny, after six years of service, in compliance with regulatory limits. His departure will affect the board's independent director ratio, and his resignation will take effect after a new director is elected within 60 days. The company confirmed there are no disagreements with the board and expressed gratitude for Mr. Ng's service, indicating a governance transition rather than internal conflict.

Metallurgical Corp of China Announces Planned Exit of Independent Director

Metallurgical Corporation of China Ltd. has released its unaudited Q1 2026 report, adhering to Hong Kong disclosure regulations. The report, prepared under Chinese Accounting Standards, confirms the accuracy of the financial information and emphasizes the company's governance structure. The figures are denominated in renminbi and the company maintains compliance with regulatory standards. Metallurgical Corporation of China is a state-linked enterprise focused on metallurgical engineering, listed in Hong Kong with a market cap of HK$63.92B.

Metallurgical Corporation of China Releases Unaudited Q1 2026 Report Under Hong Kong Disclosure Rules

Metallurgical Corporation of China Ltd. has scheduled its second extraordinary general meeting for May 8, 2026, in Beijing. Shareholders will vote on the election of Mr. Li Zhongze and Mr. Chen Yang as executive directors. This meeting highlights ongoing changes in the company's leadership and governance. The notice includes details on shareholder participation procedures, ensuring compliance with Hong Kong and mainland regulations. Metallurgical Corporation of China is a major engineering and construction firm operating in both A and H share markets.

Metallurgical Corporation of China Calls May 2026 EGM to Elect New Executive Directors

MCC announced that from January to March this year, the company's newly signed contract amount was 206.1 billion yuan (the same below), a year-on-year decrease of approximately 10.6%; among them, the newly signed overseas contract amount was 13.19 billion yuan, a year-on-year increase of approximately 9.6%

AASTOCKS

In the first quarter, China Metallurgical Group's newly signed contracts decreased by approximately 10.6% year-on-year

159635

159542

560280

MCC announced its full-year results for the year ended last December, with a revenue of RMB 455.38 billion, a year-on-year decrease of 17.5%. The net profit was RMB 1.322 billion, a year-on-year decrease of 80.4%; earnings per share were 0.02 yuan. No dividend was declared. The new contract amount signed last year was approximately RMB 1.11 trillion, a year-on-year decrease of nearly 10.9%

ChinaAMC CSI Infrastructure ETF

Dacheng CSI Construction Machinery Theme ETF

GF Fund CSI Construction Machinery Theme ETF

"Performance" China Metallurgical Group's annual net profit is 1.322 billion RMB, down 80.4%

Metallurgical Corporation of China Sets March Board Meeting on 2025 Results and Dividend

Metallurgical Corporation of China Sets March Board Meeting on 2025 Results and Dividend

MCC(601618.SH)

Huatai Securities Raises MCC TP to HKD1.92 as Net Profit Reverses Downtrend

MCC’s Q1 2026 New Contracts Fall Overall but Core and Overseas Business Grow

Metallurgical Corp of China Announces Planned Exit of Independent Director

Metallurgical Corporation of China Releases Unaudited Q1 2026 Report Under Hong Kong Disclosure Rules

Metallurgical Corporation of China Calls May 2026 EGM to Elect New Executive Directors

In the first quarter, China Metallurgical Group's newly signed contracts decreased by approximately 10.6% year-on-year

"Performance" China Metallurgical Group's annual net profit is 1.322 billion RMB, down 80.4%

Metallurgical Corporation of China Sets March Board Meeting on 2025 Results and Dividend