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An update from Metallurgical Corporation of China Ltd. Class H ( (HK:1618) ) is now available.
Metallurgical Corporation of China Ltd. announced a significant decrease in the value of newly-signed contracts for the first quarter of 2025, totaling RMB230.66 billion, which is a 27.2% decline year-on-year. The company experienced a notable drop in overseas contracts by 35.7%, with housing construction works seeing the largest decrease at 42.4%. Despite the downturn, the company reported no stalled major projects as of the end of March 2025, indicating stability in ongoing operations.
More about Metallurgical Corporation of China Ltd. Class H
Metallurgical Corporation of China Ltd. operates in the engineering and construction industry, focusing on metallurgical works, housing construction, municipal and infrastructure projects, and industrial manufacturing. The company is a key player in providing comprehensive engineering services and has a significant presence in both domestic and international markets.
YTD Price Performance: -10.53%
Average Trading Volume: 5,132
Technical Sentiment Signal: Buy
Current Market Cap: €6.77B
See more data about 1618 stock on TipRanks’ Stock Analysis page.
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