MCC reports contract value dip despite overseas growth

Metallurgical Corporation of China (MCC) announced a 14.7% decrease in the value of newly signed contracts for January to September 2025, totaling 760.67 bn yuan. This decline comes despite a positive trend in overseas contracts, which increased by 10.1% to 66.90 bn yuan during the same period.

The company highlighted several major engineering and construction contracts signed in September, each valued over 1 bn yuan. Notable projects include the Zhongmu Fashion Industry Park Integrated Development and Construction Project (24.3 bn yuan), a 5G communication towers and ancillary works contract in Henan Province (23.0 bn yuan), and the general contract for the cold rolling and coating project of Shandong Zhongxin Metallurgical Materials Co., Ltd. (23.0 bn yuan).

Other significant September contracts included the "Hongzhaobi" Commercial, Office, and Supporting Facilities Project (20.7 bn yuan) and the second stage of the Lingang Advanced and High-quality Special Steel Industrial Base Project Phase II (10.0 bn yuan). These figures are preliminary and intended for investor reference.