Metallurgical Corp of China's new contracts drop 27.5%

Metallurgical Corporation of China (SSE:601618) reported a 27.5% year-on-year decrease in new contracts signed during January and February 2025, totaling RMB 1,416.3 billion. Overseas contracts increased by 15.4% to RMB 56.6 billion. Key contracts signed during the period include a RMB 17.1 billion contract for the reconstruction and resettlement project in Guangzhou, secured by China First Metallurgical Group. Additionally, China Fifth Metallurgical Group secured a RMB 13.5 billion contract for a high-speed rail infrastructure project and a RMB 13.3 billion contract for the Zhengzhou Airport Economic Comprehensive Experimental Zone project. The announcement, dated March 14, 2025, advises investors that the figures are preliminary and subject to change.