Metallurgical Corporation of China's Q3 2025 profit falls amid market slowdown

Metallurgical Corporation of China Ltd. announced its unaudited third-quarter results for 2025, reporting a total profit of RMB7.02 billion for the first nine months, a 21.26% decrease year-on-year. Net profit attributable to shareholders also fell by 41.88% to RMB3.97 billion. This decline is attributed to external factors such as reduced demand in the iron and steel industry, sluggish growth in construction, and deep adjustments in the real estate sector. The company's total assets as of September 30, 2025, increased by 8.04% to RMB873.01 billion compared to the end of the previous year.

The company signed new contracts worth a cumulative RMB760.67 bn in the first three quarters of 2025, marking a 14.7% decrease from the same period last year. However, newly signed overseas contracts increased by 10.1% to RMB66.90 bn. Specifically for the third quarter (July to September 2025), newly signed contracts amounted to RMB212.47 bn, a 0.7% decrease year-on-year. No major stalled projects were reported as of September 30, 2025.

The board of directors and senior management warrant the truthfulness, accuracy, and completeness of the report, which was prepared in accordance with Chinese Accounting Standards for Business Enterprises and remains unaudited.