Metallurgical Corporation of China Ltd. Class A

Metallurgical Corporation of China Ltd. Class A

2.50
CNY
+0.01
(+0.40%)
50.49BMarket Cap
Oct 30Next Earn
Metallurgical Corporation of China Ltd. Class A
SSE:601618
(Shanghai Stock Exchange)

Recent

price

2.50

P/E

ratio

- -

div

yld

5.25%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
10.88
11.93
11.46
10.88
11.43
10.86
10.21
10.47
11.81
13.85
16.29
20.92
25.95
24.13
19.64
21.97
- -
Revenue per Share
0.28
0.22
-0.36
0.16
0.21
0.24
0.25
0.26
0.26
0.27
0.32
0.35
0.45
0.33
0.24
0.06
- -
Basic EPS, GAAP
-1.91
-1.18
-0.07
0.9
0.65
0.6
0.72
0.62
0.35
0.55
0.99
0.59
0.61
0.05
0.04
0.44
- -
Free Cash Flow per Basic Share
0.23
0.38
0.49
0.43
0.46
0.39
0.33
0.28
0.35
0.35
0.29
0.27
0.28
0.24
0.26
0.32
0.13
Dividend per Share
2.35
2.52
2.16
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
Book Value per Share
1.34
1.46
1.33
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
Tangible Book Value per Share
19,003
19,288
19,287
18,630
18,881
20,007
21,503
23,313
24,506
24,443
24,569
23,928
22,836
26,274
28,108
20,724
20,616
Basic Weighted Avg Shares
206,792
230,178
221,120
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
- -
Sales/Revenue/Turnover
5.21
4.19
3.74
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
- -
Operating Margin (%)
2,093
2,623
2,821
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
- -
Depreciation Expense
5,321
4,243
-6,943
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
- -
Net Income, GAAP
27.55
39.68
- -
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
- -
Effective Tax Rate (%)
2.57
1.84
-3.14
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
- -
Profit Margin (%)
40,829
26,314
29,911
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
Working Capital
52,675
52,485
57,065
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
LT Debt
53,513
58,175
52,835
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
Total Equity
3.9
1.97
- -
1.6
2.26
2.77
3.47
3.8
4.29
3.8
4.75
5.84
6.23
5.18
3.23
1.07
- -
Return on Invested Capital (%)
5.58
4.58
- -
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
- -
Return on Capital (%)
12.71
9.11
-15.54
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
- -
Return on Common Equity (%)

Capital Structure

CNY

•

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
61,549
62,171
50,488

Working Capital

CNY

•

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

CNY

•

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

CNY

•

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

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
0.07
0.13
- -
0.24
2025
0.08
0.07
- -
-0.13
0.06
2026
0.08
0.03
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.06
0.14
0.08
0.26
2025
0.09
0.06
- -
0.04
0.32
2026
0.05
0.04
- -
- -
- -
Business
Metallurgical Corporation of China Ltd. (MCC) engages primarily in engineering contracting, resource development, specialty businesses, property development, and other operations principally in China and overseas markets. The company's Engineering Contracting segment provides metallurgical engineering, housing construction, municipal infrastructure, and other projects including rail transit and urban renewal; its Resource Development segment focuses on mineral resource development, nonferrous metals smelting, and polysilicon production; the Specialty Businesses segment manufactures metallurgical equipment, steel structures, and metal products; the Property Development segment develops and sells residential, commercial, and housing properties; and other activities encompass inspection and testing, new energy materials, and water and environmental protection services. MCC operates a diversified structure centered on "One Core, Two Pillars and Five Specialties," with metallurgical construction as the core, building construction and municipal infrastructure as pillars, and specialties in mineral resources, inspection, equipment manufacturing, new energy materials, and environmental protection. Founded in 2008 as a subsidiary of China Metallurgical Group Corporation (now affiliated with China Minmetals following a 2015 strategic merger), MCC is headquartered in Beijing, China, and is listed on the Shanghai Stock Exchange (601618.SS) and Hong Kong Stock Exchange (1618.HK). The company maintains extensive geographic operations, with projects and over 130 branches across all 31 provinces in China and in more than 50 countries along the Belt and Road Initiative, including Southeast Asia, South Asia, the Middle East, and the Commonwealth of Independent States; it owns seven overseas mines, three of which are operational. MCC serves state-owned enterprises, mining companies, and infrastructure developers, leveraging its position as one of China's largest metallurgical contractors and steel structure producers. In recent developments, MCC reported new contract signings totaling RMB 1,248.30 billion for 2024, a 12.4% decline year-over-year, though overseas contracts surged 47.8% to RMB 93.24 billion, reflecting accelerated global expansion. During 2025, the company secured the Vale Tecnored Molten Reduction Ironmaking Project in Brazil as its first major overseas breakthrough in that domain, partnered with China Railway Construction on the RMB 10 billion Baoshan Station project for the Shanghai-Nanjing-Hefei High-Speed Railway, and advanced copper mining initiatives including positive progress on the Ainak copper mine in Afghanistan (with hydropower construction underway) and the Siadik copper project in Pakistan. Additionally, first-half 2025 new contracts reached RMB 57.75 billion, up 32.6% year-over-year, with ongoing emphasis on business restructuring, full industry chain integration via collaborations with China Minmetals and others, and low-carbon upgrades such as the Fushun New Steel blast furnace project.

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