MCC reports modest decline in new contracts, overseas performance resilient

Metallurgical Corporation of China (MCC) announced its new contract performance for January to November 2025, reporting a total new contract value of 9,581.3 bn yuan. This figure represents an 8.6% decrease compared to the same period in the previous year.

Despite the overall decline, the company's new overseas contracts demonstrated positive growth, totaling 750.0 bn yuan, a 0.4% increase year-on-year. The report also highlighted several significant individual contracts secured in November, each exceeding 10 bn yuan. These included a 56.0 bn yuan EPC contract for urban renewal in Nanyang City by China First Metallurgical Group and a 29.5 bn yuan EPC contract for a green high-purity precision casting project in Xinjiang by China MCC Engineering Technology.

Other notable contracts in November included a 20.0 bn yuan mining project by China Third Metallurgical Group, a 12.2 bn yuan EPC development project by China Nineteenth Metallurgical Group, and an 11.6 bn yuan steel structure subcontract for a stadium in Saudi Arabia by MCC International Group. Shanghai Baoye Group secured a 10.8 bn yuan construction contract for Shenzhen Second People's Hospital, while MCC Construction Group obtained a 10.2 bn yuan EPC contract for a commercial center in Wuxi.