Metallurgical Corp. of China's new contracts drop 27.5%

Metallurgical Corporation of China (HKEX: 1618) announced a 27.5% year-on-year decrease in the value of newly signed contracts for January and February 2025, totaling RMB141.63 billion. Despite the overall decline, overseas contracts saw a 15.4% increase, amounting to RMB5.66 billion. The announcement detailed several major engineering and construction contracts exceeding RMB1 billion, including projects for Guangzhou City's Liu Village reconstruction and the Zhongyuan High-Speed Railway Port. MCC's management stressed that the figures were preliminary and investors must consult detailed periodic reports for accuracy.