MCC January new contracts down, overseas deals surge

Metallurgical Corporation of China (HKEX: 1618) announced a decrease in the total value of newly signed contracts for January 2025, reaching RMB87.79 billion, a 13.4% decline year-over-year. However, overseas contracts saw a substantial increase, totaling RMB3.1 billion, representing a 123.1% rise compared to the same period last year. Key projects signed include an integration contract for the Jinrongdao Station Periphery development (RMB59.2 billion) and the General Contract Project for the Proposed Site of Hefei Urban Construction – Section 3 (RMB22.5 billion). The announcement emphasizes that the figures are preliminary and advises investors to consult periodic reports for precise data.