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Metallurgical Corporation of China Ltd. Class H ( (HK:1618) ) has provided an update.
Metallurgical Corporation of China Ltd. announced a decrease in newly-signed contracts, with a total value of RMB1,248.30 billion in 2024, marking a 12.4% year-on-year decline. This downturn in contract value, particularly a 19.5% drop in the fourth quarter, could impact the company’s market positioning and stakeholder interests, although no stalled projects were reported by the end of the year.
More about Metallurgical Corporation of China Ltd. Class H
Metallurgical Corporation of China Ltd. operates in the engineering and construction industry, with a focus on metallurgical works, housing construction, municipal infrastructure, and industrial manufacturing services. The company is prominent in signing large-scale contracts across these sectors, reflecting its significant role in infrastructure development.
YTD Price Performance: -6.32%
Average Trading Volume: 2,546
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €7.78B
See more insights into 1618 stock on TipRanks’ Stock Analysis page.
