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Metallurgical Corporation of China Ltd. Class H ( (HK:1618) ) just unveiled an announcement.
Metallurgical Corporation of China Ltd. announced a significant decrease in the value of newly signed contracts from January to April 2025, totaling RMB308.40 billion, which is a 24.9% drop compared to the same period last year. This decline includes a 7.7% decrease in overseas contracts. Despite the downturn, the company secured major contracts in April, such as the Comprehensive Development Project in Zhengzhou and the EPC contract for the Shantytown Renovation Project in Weicheng District, indicating ongoing engagement in substantial engineering projects.
More about Metallurgical Corporation of China Ltd. Class H
Metallurgical Corporation of China Ltd. operates in the engineering and construction industry, focusing on metallurgical engineering, construction, and infrastructure projects. The company is known for its comprehensive development projects and EPC (Engineering, Procurement, and Construction) contracts, with a market focus that includes both domestic and international ventures.
Average Trading Volume: 10,775,392
Technical Sentiment Signal: Sell
Current Market Cap: HK$62.34B
Find detailed analytics on 1618 stock on TipRanks’ Stock Analysis page.
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