MCC's Q3 2025 net profit plunges amid sector challenges

Metallurgical Corporation of China (MCC) reported total assets of 873,007,755 yuan by the end of Q3 2025, an increase of 8.04% from the previous year. However, net profit attributable to shareholders for the first three quarters decreased by 41.88% to 3,970,159 yuan. For Q3 2025 alone, net profit attributable to shareholders saw a steeper decline of 67.52% to 870,881 yuan, primarily due to lower operating income and profits.

The company's new contract value for January-September 2025 reached 760.67 bn yuan, a 14.7% decrease year-on-year. Despite this, new overseas contract value increased by 10.1% to 66.90 bn yuan. New contract value for Q3 2025 specifically was 212.47 bn yuan, a slight decrease of 0.7% compared to the same period last year.

Basic earnings per share for the first three quarters fell by 45.83% to 0.13 yuan, mirroring the decline in net profit. The decrease in profitability is attributed to sustained downward demand in the steel industry, weak growth in construction, and deep adjustments in the real estate sector, compounded by the company's own strategic transformation.