Shares of Metallurgical Corporation of China Ltd. (MCC) plummeted 5.36% in Friday's trading session, following the release of disappointing third-quarter results for 2025. The company's financial performance showed significant declines across key metrics, raising concerns among investors about its near-term growth prospects.

According to the unaudited results released after market close on Thursday, MCC's operating revenue for the first three quarters of 2025 fell by 18.79% year-on-year to RMB 335.09 billion. The third quarter alone saw a 14.25% decline in operating revenue to RMB 97.56 billion. More alarmingly, net profit attributable to shareholders for the January-September period dropped by 41.88% to RMB 3.97 billion, with the third quarter experiencing a steep 67.52% year-on-year decrease to RMB 870.88 million.

Adding to investor concerns, MCC reported a 14.7% year-on-year decline in newly-signed contracts for the first nine months of 2025, totaling RMB 760.67 billion. The company attributed the weak performance to several factors, including softer market demand in the iron and steel sector, a slowdown in construction industry growth, and ongoing restructuring and transformation efforts within MCC. While overseas contracts showed a 10.1% increase, it wasn't enough to offset the overall decline. The sharp drop in housing construction contracts, down 32.1% year-on-year, particularly highlighted the challenges faced by the company in the real estate sector.