Metallurgical Corp of China Reports Contract Decline

Metallurgical Corporation of China Ltd. Class H (HK:1618) has released an update.

Metallurgical Corporation of China Ltd. reported a 9.2% decrease in the total value of newly-signed contracts for the first nine months of 2024, with a notable 17.7% drop in the third quarter alone. Despite this decline, the company maintained steady operations across various sectors, including industrial manufacturing, which saw a notable increase of 22.7%. The company confirmed no major projects were stalled as of September 2024.

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