Metallurgical Corporation of China Ltd.

Metallurgical Corporation of China Ltd.

MLLUY
Metallurgical Corporation of China Ltd.US flagOther OTC
3.06
USD
-0.45
- -
4.67BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
217.59
228.58
217.25
204.21
209.32
236.3
277.08
325.7
418.39
519.07
482.51
392.79
13.78
290.26
Basic EPS, GAAP
3.2
4.2
4.8
5
5.2
5.2
5.4
6.4
7
9
6.6
4.8
0.04
-0.32
Free Cash Flow per Basic Share
17.99
12.93
12
14.36
12.3
6.9
11.02
19.77
11.78
12.12
0.99
0.7
0.27
-5.69
Dividend per Share
8.52
9.24
7.9
6.53
5.56
6.99
6.95
5.87
5.48
5.65
4.87
5.21
0.2
2.65
Book Value per Share
2.33
2.48
3.17
3.69
3.97
4.05
4.73
4.72
5.19
5.84
7.02
7.38
7.52
7.57
Tangible Book Value per Share
1.52
1.68
2.4
2.93
3.22
3.26
4.03
3.94
4.24
4.85
6
5.84
6.23
6.23
Basic Weighted Avg Shares
932
944
1,000
1,075
1,166
1,225
1,222
1,228
1,196
1,142
1,314
1,405
33,044
1,020
Sales/Revenue/Turnover
202,690
215,786
217,324
219,558
244,000
289,535
338,638
400,115
500,572
592,669
633,870
552,025
455,380
296,193
Operating Margin (%)
5.32
5.37
5.21
5.83
6.17
5.66
4.76
4.53
4.29
3.85
3.91
3.73
3.36
2.87
Depreciation Expense
3,111
3,238
3,004
2,976
2,916
2,859
3,322
3,537
3,457
3,859
3,936
4,389
4,567
- -
Net Income, GAAP
2,981
3,965
4,802
5,376
6,061
6,372
6,600
7,862
8,375
10,276
8,670
6,746
1,322
-322
Effective Tax Rate (%)
41.89
35.25
30.72
21.94
25.21
20.51
22.54
21.27
17.16
15.99
17.14
14.59
49.65
89.49
Profit Margin (%)
1.47
1.84
2.21
2.45
2.48
2.2
1.95
1.96
1.67
1.73
1.37
1.22
0.29
-0.11
Working Capital
20,909
29,522
40,084
46,751
41,922
42,378
41,512
57,462
53,426
52,361
35,316
26,137
33,220
38,315
LT Debt
42,224
43,276
30,232
31,693
30,557
32,508
29,182
26,658
25,922
30,710
37,970
44,734
43,857
48,373
Total Equity
55,065
58,025
71,155
83,108
97,049
102,669
116,906
140,355
151,388
161,918
167,991
182,336
183,559
184,872
Return on Invested Capital (%)
3.91
4.95
5.29
6.29
6.52
7.15
6.57
7.29
8.86
9.25
9.36
7.32
3.14
0.31
Return on Capital (%)
3.65
4.38
4.92
4.54
4.26
4.57
4.42
4.06
3.3
4.52
3.49
3.27
0.73
-0.18
Return on Common Equity (%)
6.95
8.63
8.9
8.2
7.93
7.67
7.26
8.03
8.16
8.99
6.5
4.52
0.86
-0.21

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
36,666
40,552
32,075
LT Borrowings
43,447
51,273
47,994
LT Finance Leases
410
397
379
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
20,724
20,724
20,692
Market Capitalization
784,239
613,429
500,490

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
639,635
618,890
606,345
Cash, Cash Equivalents & STI
77,767
84,532
68,083
Accounts Receivable, Net
243,437
229,211
238,599
Inventories
15,687
19,347
16,275
Total Current Liabilities
606,415
582,060
568,030
Payables & Accruals
- -
- -
- -
ST Debt
36,666
40,552
32,075
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.11%
5.56%
0.67%
Free Cash Flow
77.99%
131.96%
818.23%
Net Income, GAAP
-3.65%
-17.8%
-80.41%
Sales/Revenue/Turnover
8.6%
4.01%
-17.51%
Total Cash Common Dividend
-1.05%
-1.55%
-10.7%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
149,949
148,892
113,776
139,407
552,025
2025
122,272
115,260
- -
120,287
455,380
2026
92,204
83,703
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.4
- -
- -
- -
4.8
2025
1.6
- -
- -
- -
0.04
2026
1.6
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.34
- -
- -
- -
5.21
2025
1.82
- -
- -
- -
0.2
2026
1.01
- -
- -
- -
- -

Company Description

CEO
Jianguang Chen
Full Time Employees
89,982
Sector
Industrials
Industry
Engineering & Construction
Address
MCC Building Beijing BE People's Republic of China 100028
IPO Date
May 29, 2014
Business
Metallurgical Corporation of China Ltd. Metallurgical Corporation of China Ltd. (MLLUY) is a leading state-owned engineering and construction conglomerate affiliated with China Minmetals Corporation, primarily engaged in metallurgical engineering contracting, resource development, equipment manufacturing, property development, and related specialty businesses across China and international markets. Founded with roots tracing back to 1948 and formally established in its current form in 2008 through the restructuring of China Metallurgical Group Corporation, the company is headquartered in Beijing, People's Republic of China, and operates through segments including engineering contracting that encompasses metallurgical projects, housing construction, municipal infrastructure, rail transit, and urban renewal; resource development involving the mining, smelting, and processing of iron ore, lead, zinc, vanadium, copper, nonferrous metals, and polysilicon in regions such as Liaoning, Inner Mongolia, Sichuan, and Hunan; equipment manufacturing focused on specialized metallurgical equipment like rolling mills, continuous casting machines, electric furnaces, steel structures, and other metal products supplied to major steel enterprises including Baosteel and overseas clients in Japan and Germany; property development featuring residential, commercial, and land projects; and specialties in mineral resources, inspection and testing, new energy materials, and water/environmental protection services. MCC maintains a diversified structure of "One Core, Two Pillars and Five Specialties," with metallurgical construction as the core, building construction and municipal infrastructure as pillars, and the aforementioned specialties supporting its operations in over 50 countries via more than 130 overseas branches, particularly along the Belt and Road Initiative in Southeast Asia, South Asia, the Middle East, and the Commonwealth of Independent States, where it owns seven overseas mines with three operational. In recent developments, the company reports newly signed contracts totaling RMB 1,248.30 billion for 2024, reflecting a 12.4% decline from 2023 but a sharp 47.8% increase in overseas contracts to RMB 93.24 billion, underscoring intensified global expansion; notable 2024 project awards include the RMB 42.30 billion EPC general contracting for the Advanced Electromechanical Equipment and Logistics Industrial Park Phase I in Chongqing, the RMB 40.60 billion EPCC for a 2.4 MTPA alumina refinery in Indonesia, and the RMB 15.80 billion EPC for low-carbon blast furnace upgrades at Fushun New Steel, alongside ongoing strategic mergers such as the 2015 integration with China Minmetals and a push toward digitalized management, industrialized production, and high-quality development under its "One Goal, Two Bests, and Five Strengths" vision.

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