Metallurgical Corporation of China Ltd. Class H (HK:1618)
:1618
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Metallurgical Corporation of China Ltd. Class H
(1618)
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Rating:44Neutral
Price Target:
HK$1.50
▼(-38.78% Downside)
Action:ReiteratedDate:04/02/26
The score is held down primarily by deteriorating financial performance (declining revenue and very thin margins) and bearish technical signals (price below major moving averages and negative MACD). Valuation is also a key drag due to an extremely high P/E, only partially offset by a moderate dividend yield.
Positive Factors
Improving leverage / balance sheet health
The steady reduction in debt-to-equity to ~0.42 improves financial flexibility for bidding, bonding and working-capital needs typical in large EPC contracts. A stronger capital structure lowers refinancing risk and supports capacity to take on large projects and strategic investments over the next several quarters.
Negative Factors
Two-year revenue decline
Consecutive annual revenue declines reverse prior growth momentum and signal weaker contract awards or slower project conversion. For an EPC contractor, persistent top-line weakness reduces scale economies, compresses bargaining power with suppliers/subcontractors, and undermines backlog visibility over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage / balance sheet health
The steady reduction in debt-to-equity to ~0.42 improves financial flexibility for bidding, bonding and working-capital needs typical in large EPC contracts. A stronger capital structure lowers refinancing risk and supports capacity to take on large projects and strategic investments over the next several quarters.
Read all positive factors
Metallurgical Corporation of China Ltd. Class H (1618) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$64.81B
Dividend Yield3.21%
Average Volume (3M)49.24M
Price to Earnings (P/E)5.7
Beta (1Y)1.07
Revenue Growth-18.36%
EPS Growth-47.29%
CountryHK
Employees97,489
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.14
Shares Outstanding2,871,000,000
10 Day Avg. Volume95,052,304
30 Day Avg. Volume49,242,889
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)0.05
Price to Sales (P/S)0.02
P/FCF Ratio0.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.29
Revenue Forecast (FY)HK$422.56B
Metallurgical Corporation of China Ltd. Class H Business Overview & Revenue Model
Company Description
Metallurgical Corporation of China Ltd. Class H (1618) is a leading Chinese engineering and construction firm primarily engaged in the metallurgical industry, including the design, construction, and operation of metallurgical and mining projects. ...
How the Company Makes Money
MCC primarily makes money by contracting and delivering large-scale projects and recognizing revenue based on progress and completion under its construction and engineering contracts. Key revenue streams typically include: (1) Engineering and cons...
Metallurgical Corporation of China Ltd. Class H Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
62
Positive
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 455.38B | 552.02B | 633.87B | 592.67B | 500.57B |
| Gross Profit | 45.93B | 53.48B | 61.41B | 57.15B | 53.14B |
| EBITDA | 13.23B | 17.01B | 20.34B | 21.88B | 19.61B |
| Net Income | 1.32B | 6.75B | 8.67B | 10.28B | 11.61B |
Balance Sheet | |||||
| Total Assets | 839.49B | 808.02B | 661.60B | 585.38B | 543.47B |
| Cash, Cash Equivalents and Short-Term Investments | 77.77B | 52.56B | 44.44B | 45.66B | 41.83B |
| Total Debt | 65.98B | 78.59B | 66.19B | 62.88B | 60.54B |
| Total Liabilities | 655.93B | 625.68B | 493.61B | 423.48B | 392.08B |
| Stockholders Equity | 155.76B | 153.04B | 145.48B | 121.11B | 107.49B |
Cash Flow | |||||
| Free Cash Flow | 9.05B | 985.05M | 1.30B | 13.84B | 14.09B |
| Operating Cash Flow | 15.32B | 7.85B | 5.89B | 18.15B | 17.64B |
| Investing Cash Flow | 23.71B | -9.58B | -6.72B | -6.56B | -12.57B |
| Financing Cash Flow | -12.69B | 11.06B | 1.16B | -9.67B | -16.24B |
Metallurgical Corporation of China Ltd. Class H Technical Analysis
Negative
2.45
Price Trends
1.82
Negative
1.93
Negative
2.02
Negative
Market Momentum
-0.06
Positive
31.56
Neutral
14.03
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1618, the sentiment is Negative. The current price of 2.45 is above the 20-day moving average (MA) of 1.76, above the 50-day MA of 1.82, and above the 200-day MA of 2.02, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 31.56 is Neutral, neither overbought nor oversold. The STOCH value of 14.03 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1618.
Metallurgical Corporation of China Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | HK$44.63B | 4.99 | 11.89% | 6.69% | -5.14% | -4.05% | |
60 Neutral | HK$26.36B | 17.27 | 5.62% | 5.31% | 11.89% | 8.49% | |
48 Neutral | HK$81.30B | 6.98 | 7.17% | 3.90% | 11.49% | -7.01% | |
44 Neutral | HK$64.81B | 5.71 | 0.95% | 3.21% | -18.36% | -47.29% | |
44 Neutral | HK$18.17B | 100.11 | 2.33% | ― | -1.75% | ― |
* Industrials Sector Average
HK:1618
Metallurgical Corporation of China Ltd. Class H
1.62
0.25
17.99%
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China State Construction International Holdings
8.45
-1.60
-15.89%
HK:3996
China Energy Engineering Corp. Ltd. Class H
1.28
0.35
37.04%
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SINOPEC Engineering (Group) Co., Ltd. Class H
6.00
1.27
26.74%
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China Aluminum International Engineering Corporation Limited Class H
2.55
0.90
54.55%
Metallurgical Corporation of China Ltd. Class H Corporate Events
Metallurgical Corp of China Profit Plunges in 2025 Amid Industry Headwinds
Mar 30, 2026
Metallurgical Corporation of China reported a sharp deterioration in 2025 results, with operating revenue falling 17.51% to RMB455.38 billion and net profit attributable to shareholders plunging 80.41% to RMB1.322 billion, while basic earnings per...
MCC Renews Connected Transactions Framework With Controlling Shareholder China Minmetals
Mar 30, 2026
Metallurgical Corporation of China has approved a new one-year framework agreement with its controlling shareholder China Minmetals, effective from 1 January 2027, to continue a broad range of transactions including materials purchases, engineerin...
MCC Sets Mutual Supply Deals With Connected Construction Subsidiaries
Mar 30, 2026
Metallurgical Corporation of China has approved new mutual supply agreements for project construction, technology and management services with three connected subsidiaries: MCC Eco-Environmental Protection, Nanjing MCC Real Estate and Qianhai MCC ...
Metallurgical Corp of China Revamps Joint Company Secretary Team
Mar 30, 2026
Metallurgical Corporation of China Ltd. has announced a change in its joint company secretary arrangements, with Ms. Ng Sau Mei resigning effective 30 March 2026 following the expiry of the contract with the existing company secretarial service pr...
Metallurgical Corporation of China Sets March Board Meeting on 2025 Results and Dividend
Mar 18, 2026
Metallurgical Corporation of China Ltd. has called a board meeting for 30 March 2026 to review and approve the annual results for the year ended 31 December 2025 for the company and its subsidiaries. The board will also consider the payment of a f...
Metallurgical Corp of China Secures RMB132.44 Billion in New Early-2026 Contracts
Mar 11, 2026
Metallurgical Corporation of China Ltd. reported that it signed RMB132.44 billion in new contracts between January and February 2026, including RMB4.49 billion from overseas projects. These figures underline the company’s active role in larg...
Metallurgical Corporation of China Secures RMB73.65 Billion in New January Contracts
Feb 12, 2026
Metallurgical Corporation of China Ltd. reported that newly signed contracts in January 2026 reached RMB73.65 billion, including RMB3.21 billion from overseas projects, underscoring continued demand for its engineering and construction services. K...
Metallurgical Corporation of China Sees 2025 New Contracts Fall 10.8% Amid Mixed Segment Performance
Jan 23, 2026
Metallurgical Corporation of China Ltd. reported that the aggregate value of newly signed contracts in 2025 reached RMB1,113.6 billion, a year-on-year decline of 10.8%, with fourth-quarter new contracts totaling RMB352.93 billion, down 1.0% from a...
Metallurgical Corporation of China Warns of Sharp 2025 Profit Slump on Real Estate Losses and Impairments
Jan 23, 2026
Metallurgical Corporation of China Ltd. expects its net profit attributable to shareholders in 2025 to fall sharply to between RMB1.30 billion and RMB1.60 billion, a year-on-year decline of about 76% to 81% from 2024, with profit after excluding n...
MCC Shareholders Approve A-Share Repurchase Plan at 2026 Extraordinary Meeting
Jan 16, 2026
Metallurgical Corporation of China Ltd. announced that its first extraordinary general meeting of 2026 was duly convened in Beijing, with shareholders and proxies representing approximately 58% of the company’s total voting shares in attenda...
Metallurgical Corp of China Flags Over 50% Profit Drop for 2025 Amid Real Estate Losses
Jan 16, 2026
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 i...
MCC’s 2025 New Contracts Fall 10.8% as Overseas Orders Edge Higher
Jan 15, 2026
Metallurgical Corporation of China Ltd. reported that the total value of newly signed contracts from January to December 2025 reached RMB1,113.6 billion, a year-on-year decrease of 10.8%, indicating some slowdown in overall order intake despite th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.