MCC (01618.HK) Releases 2025 Third Quarterly Results

Bulletin Express
10/30

Metallurgical Corporation of China Ltd. announced its unaudited results for the first three quarters of 2025. During the reporting period, operating revenue reached RMB 97.56 billion, reflecting a 14.25% decline compared with the same quarter last year. Cumulative operating revenue for the first nine months totaled RMB 335.09 billion, representing an 18.79% year-on-year decrease.

Net profit attributable to shareholders for the third quarter was RMB 870.88 million, down 67.52% year-on-year, while the figure for January through September stood at RMB 3.97 billion, a drop of 41.88%. Total profit for the third quarter amounted to RMB 1.74 billion, a year-on-year decrease of 46.15%, primarily due to factors such as weaker market demand in the iron and steel sector, slower growth in the construction industry, and MCC’s own restructuring and transformation.

As of September 30, 2025, total assets were RMB 873.01 billion, up 8.04% compared with the end of 2024, while owners’ equity attributable to shareholders grew 1.94% to RMB 156.01 billion. The company reported a net cash outflow from operating activities of RMB 19.39 billion for the first three quarters.

MCC disclosed that it signed new contracts totaling RMB 760.67 billion in the first nine months, representing a 14.7% decline year-on-year. The value of newly signed overseas contracts, however, increased by 10.1% to RMB 66.90 billion. The financial statements in the quarterly report were prepared in accordance with Chinese Accounting Standards for Business Enterprises and have not been audited.

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