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SHA:601618

9 stories mentioning SHA:601618Updated 16d ago

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Asia

MCC's New Contract Value Slides 35% in Q2

Metallurgical Corp. of China (SHA:601618, HKG:1618), or MCC, signed new contracts worth around 207.5 billion yuan in the second quarter of 2026, down 35% from a year prior.In the first half, newly signed contract value fell 25% year over year to 413.6 billion yuan, according to a Friday Hong Kong bourse filing.

HKG:1618SHA:601618
Asia

China Central SOEs Step Up Share Buybacks, Stake Purchases to Steady Capital Markets

China central state-owned enterprises have unveiled share repurchase plans or major shareholder stake increases, signaling strong confidence in their valuations and the broader market.China Three Gorges Renewables (SHA:600905) announced its controlling shareholder will acquire 1.5 billion to 3 billion yuan worth of shares via open-market purchases over the next year. Metallurgical Corp. of China (SHA:601618, HKG:1618) has repurchased over 146 million A-shares costing 415.4 million yuan and 25 million H-shares. Sinopec (SHA:600028, HKG:0386) bought back approximately 77.9 million A-shares since mid-June, totaling 365.4 million yuan.The moves align with regulatory efforts to stabilize capital markets. China's securities regulator will soon hold symposiums with securities firms, fund managers and listed companies to gather input for future policymaking.

Shanghai Composite^SZSEHKG:0386HKG:1618SHA:600028SHA:600905SHA:601618
Asia

Metallurgical Corp. of China's Newly Signed Contracts Top 413 Billion Yuan in H1

Metallurgical Corp. of China's (SHA:601618, HKG:1618) newly signed contracts reached 413.6 billion yuan in the first six months, according to a Wednesday filing with the Shanghai bourse.Of the figure, newly signed overseas contracts reached 36.3 billion yuan.

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Asia

MCC Secures 305 Billion Yuan in New Contracts for January-May Period

Metallurgical Corporation of China (SHA:601618, HKG:1618) or MCC secured 304.67 billion yuan in new contracts for the first five months of the year, including 18.60 billion yuan from overseas projects, according to a Shanghai Stock Exchange filing on Tuesday.Major contracts signed in May include the Fengcheng Shuxiangli Project, valued at 1.14 billion yuan, and the Guangzhou Huangpu District Urban Village Redevelopment Project, valued at 820 million yuan, awarded to subsidiaries.An additional 820 million yuan contract was secured for the Zitonggong Station TOD Integrated Development Project Phase 3 in Sichuan.The board emphasized that the figures are preliminary and subject to confirmation in the periodic reports.

HKG:1618SHA:601618
Asia

MCC Signs 304.7 Billion Yuan Contracts from January to May

Metallurgical Corp. of China (SHA:601618, HKG:1618), or MCC, signed new contracts worth nearly 304.7 billion yuan in the five months ended May 31, according to a Tuesday Hong Kong bourse filing.Of the total, the value of newly signed overseas contracts stood at 18.6 billion yuan.In May alone, the engineering construction company entered into three major agreements.

HKG:1618SHA:601618
Asia

MCC Logs 248 Billion Yuan in January-April New Contract Value

Metallurgical of China (SHA:601618, HKG:1618), or MCC's, newly signed contract value stood at 248 billion yuan for the four months ended April 30, according to a Friday Hong Kong bourse filing.Of the total, the engineering construction firm's newly signed overseas contracts stood at around 14.2 billion yuan in the period.In April alone, the firm signed three new engineering and construction contracts worth over 1 billion yuan.

HKG:1618SHA:601618
Asia

MCC's Profit Rises 2% in Q1

Metallurgical of China (HKG:1618, SHA:601618) logged net profit attributable to shareholders of 1.63 billion yuan for the first quarter, up 1.6% from 1.61 billion yuan a year earlier, according to a Wednesday Hong Kong bourse filing.Shares of the firm were down over 1% in Thursday afternoon trade.Earnings per share came in at 0.08 yuan, unchanged from a year earlier.Revenue fell 25% to 92.2 billion yuan from 122.3 billion yuan in the prior-year period.

HKG:1618SHA:601618
Asia

MCC Names President

Metallurgical Corp. of China (SHA:601618, HKG:1618) or MCC appointed Chen Yang as its president on Thursday, according to a same-day Hong Kong bourse filing.Chen previously served as the chairman and secretary of the party committee of China First Metallurgical Group from January 2023 to March 2026.

HKG:1618SHA:601618
Asia

MCC Signed 206.1 Billion Yuan of New Contracts in Q1

Metallurgical Corp. of China (SHA:601618, HKG:1618) or MCC's value of newly signed contracts stood at 206.1 billion yuan in the first quarter of 2026, according to a Wednesday Hong Kong bourse filing.Of this, the value of newly signed overseas contracts came in at 13.2 billion yuan.In March alone, the engineering construction company signed four major engineering and construction contracts worth over 1 billion yuan each.

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