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Metallurgical Corporation of China Ltd. Reports 2024 Financial Results Amidst Challenging Market Conditions

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Metallurgical Corporation of China Ltd. Reports 2024 Financial Results Amidst Challenging Market Conditions

Metallurgical Corporation of China Ltd. Class H ( (HK:1618) ) has shared an announcement.

Metallurgical Corporation of China Ltd. Class H reported a decline in its financial performance for 2024, with operating revenue decreasing by 12.91% and net profit dropping by 30.70% compared to 2023. Despite these challenges, the company increased its total assets by 22.13% and maintained a stable development trend, underscoring its resilience and core value creation capabilities as a central enterprise.

More about Metallurgical Corporation of China Ltd. Class H

Metallurgical Corporation of China Ltd. Class H operates in the metallurgical industry, focusing on engineering and construction services. The company is involved in the development of infrastructure projects and is a key player in the Chinese market, aligning its operations with governmental directives and policies.

YTD Price Performance: -2.11%

Average Trading Volume: 47

Technical Sentiment Signal: Sell

Current Market Cap: €7.73B

For an in-depth examination of 1618 stock, go to TipRanks’ Stock Analysis page.

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