MCC's January new contract value decreases slightly

Metallurgical Corporation of China (MCC) [SSE:601618] announced a slight decrease in the value of new contracts signed in January 2025. The total value reached RMB 877.9 billion, a 13.4% drop compared to the same period last year. Overseas contracts, however, saw substantial growth, reaching RMB 31.0 billion, marking a 123.1% increase year-over-year. Key projects contributing to the January figures include a RMB 59.2 billion integrated development project around Jinmao Island Station contracted by China Fifth Engineering Co.,Ltd, a RMB 22.5 billion construction project in Hefei undertaken by China First Metallurgical Group Co.,Ltd, and a RMB 18.3 billion project in Sanmenxia by China First Metallurgical Group Co.,Ltd and China Metallurgical Research Institute of Construction. The announcement emphasized that the provided data are preliminary and subject to change, with final figures to be disclosed in the company's regular reports.