Metallurgical Corp Faces Mixed Contract Fortunes

Metallurgical Corporation of China Ltd. Class H (HK:1618) has released an update.

Metallurgical Corporation of China Ltd. has reported a contraction in its newly signed contracts, amounting to RMB 891.69 billion from January to September 2024, a 9.2% decrease compared to the previous year. However, the company’s newly signed overseas contracts saw a substantial increase of 85.2%, totaling RMB 60.76 billion. Notable contracts include major engineering and construction projects, some exceeding RMB 1 billion each.

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