MCC new contract value drops 22.2% in first five months

Metallurgical Corporation of China (MCC) [SSE:601618] announced that its new contract value for January to May 2025 reached CNY3,960.1 billion, a 22.2% decrease compared to the same period last year. Overseas contracts amounted to CNY283.0 billion, showing a 9.8% year-over-year increase. Key projects signed in May include a CNY22.7 billion contract with Zhongying Jianxin New Energy Technology for a photovoltaic new energy project in Hebei, a CNY20.7 billion contract for the Shanghai Baoshan station project of the Shanghai-Nanjing-Hefei high-speed railway, and a CNY19.0 billion contract for the Zhujiajiao Ecological Residential Area D2 Block project. Other significant contracts include the Caofeidian Central Hospital project (CNY15.7 billion), the Yangzhou Digital Economy Industrial Park project (CNY12.7 billion), and the Aketao County Zilos North Iron Mine project (CNY10.8 billion). The company has cautioned that these figures are preliminary and subject to adjustments in future reports.