Metallurgical corp sees revenue and profit fall in first half

Metallurgical Corporation of China (MCC) announced its interim results for the six months ended June 30, 2025, reporting a decrease in operating revenue to RMB237,533 million, down 20.52% from RMB298,842 million in the first half of 2024. Total profit also fell by 7.08% to RMB5,279 million, compared to RMB5,681 million in the prior year period. Net profit attributable to shareholders experienced a more pronounced decline of 25.31%, reaching RMB3,099 million from RMB4,150 million. Consequently, basic earnings per share decreased to RMB0.09 from RMB0.11.

Despite the declines in revenue and profit, MCC's total assets increased by 6.11% to RMB857,406 million as of June 30, 2025, up from RMB808,016 million at December 31, 2024. However, shareholders’ equity saw a slight decrease of 0.95% to RMB180,599 million from RMB182,336 million. The value of newly signed contracts also contracted by 19.12% to RMB548,202 million, down from RMB677,797 million in the first half of 2024.

The company's engineering contracting business, its largest segment, saw revenue decrease by 21.79% to RMB216,915 million. The featured business segment, including mineral resources and new materials, experienced a 5.23% decrease in revenue to RMB18,313 million. The comprehensive real estate business also saw a 4.63% drop in revenue to RMB4,797 million.