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Metallurgical Corporation of China Ltd. Class H ( (HK:1618) ) just unveiled an announcement.
Metallurgical Corporation of China Ltd. has warned that, while it expects to remain profitable in 2025, net profit attributable to shareholders is likely to fall by more than 50% year-on-year, driven by losses in its real estate business, higher impairment provisions on inventory, fixed assets and investment properties, and weaker revenue amid a downturn in the construction sector. The company plans to substantially complete the disposal of its real estate assets in 2026 and, under its 15th Five-Year Plan and restructuring strategy built around a diversified ‘One Core, Two Main Bodies and Five Features’ business system, will focus on technology-led industrial projects and integrating technological and industrial innovation to create new growth engines and support higher-quality, long-term performance, while cautioning investors about associated risks until full 2025 results are released.
The most recent analyst rating on (HK:1618) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Metallurgical Corporation of China Ltd. Class H stock, see the HK:1618 Stock Forecast page.
More about Metallurgical Corporation of China Ltd. Class H
Metallurgical Corporation of China Ltd. is a large engineering and construction group with core operations in metallurgical engineering and related construction services, and it also has exposure to real estate and other asset-heavy segments that are sensitive to conditions in the broader construction industry.
Average Trading Volume: 46,617,645
Technical Sentiment Signal: Hold
Current Market Cap: HK$66.37B
Learn more about 1618 stock on TipRanks’ Stock Analysis page.