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Metallurgical Corporation of China Ltd. Class H
(1618)
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Rating:57Neutral
Price Target:
HK$1.50
â–Ľ(-38.78% Downside)
Action:Reiterated
Date:05/01/26
The score is held back primarily by weakened financial performance (revenue decline and sharply compressed profitability) and bearish technicals (price below key moving averages and negative MACD). These are partially offset by attractive valuation metrics (low P/E and a ~3.9% dividend yield) and currently positive TTM cash flow.
Positive Factors
Improving leverage
Debt-to-equity near 0.42 (improved from ~0.51–0.56) and steady equity growth materially strengthen the balance sheet. This durability supports bidding on large EPC projects, cushions execution risk, preserves access to financing for working capital and capex, and enables measured strategic investment.
Negative Factors
Revenue decline
Sustained top-line contraction (TTM down ~6.6%; recent annual declines) reduces scale and pricing leverage for project bidding. Lower revenue limits ability to spread fixed costs, constrains reinvestment in capabilities, and may signal softer backlog or demand, pressuring medium-term growth prospects.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage
Debt-to-equity near 0.42 (improved from ~0.51–0.56) and steady equity growth materially strengthen the balance sheet. This durability supports bidding on large EPC projects, cushions execution risk, preserves access to financing for working capital and capex, and enables measured strategic investment.
Read all positive factors
Metallurgical Corporation of China Ltd. Class H (1618) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$58.91B
Dividend Yield3.21%
Average Volume (3M)49.24M
Price to Earnings (P/E)8700.0
Beta (1Y)1.19
Revenue Growth-17.50%
EPS Growth-75.50%
CountryHK
Employees89,982
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.02
Shares Outstanding2,839,000,000
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)0.27
Revenue Forecast (FY)HK$418.44B
Metallurgical Corporation of China Ltd. Class H Business Overview & Revenue Model
Company Description
Metallurgical Corporation of China Ltd. (MCC), through its various subsidiaries, conducts extensive operations both within China and globally across four primary business segments. Its Engineering Contracting division provides comprehensive engine...
How the Company Makes Money
MCC primarily generates revenue by contracting and delivering engineering and construction projects. Its core revenue model is project-based: it signs contracts with clients (often government entities, industrial companies, and property developers...
Metallurgical Corporation of China Ltd. Class H Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
62
Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 425.28B | 455.38B | 552.02B | 633.87B | 592.67B | 500.57B |
| Gross Profit | 43.06B | 45.93B | 53.48B | 61.41B | 57.15B | 53.14B |
| EBITDA | 8.66B | 13.23B | 17.01B | 20.34B | 21.88B | 19.61B |
| Net Income | 1.35B | 1.32B | 6.75B | 8.67B | 10.28B | 11.61B |
Balance Sheet | ||||||
| Total Assets | 825.44B | 839.49B | 808.02B | 661.60B | 585.38B | 543.47B |
| Cash, Cash Equivalents and Short-Term Investments | 84.53B | 77.77B | 52.56B | 44.44B | 45.66B | 41.83B |
| Total Debt | 80.22B | 65.98B | 78.59B | 66.19B | 62.88B | 60.54B |
| Total Liabilities | 639.52B | 655.93B | 625.68B | 493.61B | 423.48B | 392.08B |
| Stockholders Equity | 157.28B | 155.76B | 153.04B | 145.48B | 121.11B | 107.49B |
Cash Flow | ||||||
| Free Cash Flow | 9.24B | 9.05B | 985.05M | 1.30B | 13.84B | 14.09B |
| Operating Cash Flow | 15.61B | 15.32B | 7.85B | 5.89B | 18.15B | 17.64B |
| Investing Cash Flow | 51.06B | 23.71B | -9.58B | -6.72B | -6.56B | -12.57B |
| Financing Cash Flow | -31.87B | -12.69B | 11.06B | 1.16B | -9.67B | -16.24B |
Metallurgical Corporation of China Ltd. Class H Technical Analysis
Positive
2.45
Price Trends
1.48
Positive
1.60
Negative
1.88
Negative
Market Momentum
<0.01
Negative
63.68
Neutral
92.53
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1618, the sentiment is Positive. The current price of 2.45 is above the 20-day moving average (MA) of 1.41, above the 50-day MA of 1.48, and above the 200-day MA of 1.88, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 63.68 is Neutral, neither overbought nor oversold. The STOCH value of 92.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$40.30B | 4.60 | 11.37% | 6.69% | -5.48% | -4.24% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | HK$58.91B | 8,700.00 | 1.05% | 3.21% | -17.50% | -75.50% | |
57 Neutral | HK$71.46B | 19.09 | 4.96% | 3.90% | 5.40% | -33.06% | |
53 Neutral | HK$95.20B | 5.04 | 5.71% | 5.92% | -2.50% | -10.45% | |
52 Neutral | HK$99.78B | 7.60 | 4.60% | 6.36% | -5.33% | -38.33% | |
42 Neutral | HK$13.73B | 46.57 | 6.83% | ― | -3.56% | 49.92% |
* Industrials Sector Average
HK:1618
Metallurgical Corporation of China Ltd. Class H
1.50
-0.26
-14.77%
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3.74
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7.82
-3.25
-29.36%
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4.96
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-12.06%
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1.08
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Metallurgical Corporation of China Ltd. Class H Corporate Events
Metallurgical Corporation of China Wins Strong Shareholder Backing at 2025 AGM
Jun 29, 2026
Metallurgical Corporation of China Ltd. held its 2025 annual general meeting in Beijing on 29 June 2026, with the session chaired by board chairman Li Zhongze and attended by a majority of directors. The meeting confirmed robust shareholder partic...
MCC Secures Over RMB300 Billion in New Contracts Through May 2026
Jun 16, 2026
Metallurgical Corporation of China Ltd. reported that newly signed contracts from January to May 2026 reached RMB304.67 billion, including RMB18.60 billion in overseas deals, underscoring continued momentum in both domestic and international marke...
Metallurgical Corporation of China Seals New Connected-Transaction Framework With China Minmetals
May 26, 2026
Metallurgical Corporation of China has signed a new framework agreement with its controlling shareholder China Minmetals to govern various continuing connected transactions for the period from 1 January 2027 to 31 December 2027, subject to approva...
Metallurgical Corporation of China Books RMB248 Billion in New Contracts for First Four Months of 2026
May 15, 2026
Metallurgical Corporation of China Ltd. reported that newly signed contracts from January to April 2026 reached RMB248.03 billion, including RMB14.17 billion from overseas projects, underscoring steady business momentum in both domestic and intern...
Metallurgical Corporation of China Wins Shareholder Backing at 2026 Extraordinary Meeting
May 8, 2026
Metallurgical Corporation of China Ltd. held its second extraordinary general meeting of 2026 in Beijing, with the session chaired in accordance with its articles by director Yan Aizhong and attended by key board members and proposed directors. Th...
MCC Details Board Line-up and Committee Roles to Bolster Governance
May 8, 2026
Metallurgical Corporation of China Ltd. has outlined the composition of its board of directors, naming executive, non-executive and independent non-executive members, including Chairman Li Zhongze and an employee representative director. The compa...
MCC’s Q1 2026 New Contracts Fall Overall but Core and Overseas Business Grow
Apr 29, 2026
Metallurgical Corporation of China Ltd. reported major operating data for the first quarter of 2026, highlighting performance across its core, principal and featured business segments. The group remains active in metallurgy and mining-related cons...
Metallurgical Corp of China Announces Planned Exit of Independent Director
Apr 29, 2026
Metallurgical Corporation of China Ltd. announced that independent non-executive director Mr. Ng, Kar Ling Johnny has tendered his resignation after serving six consecutive years, in line with regulatory limits and the company’s articles. Hi...
Metallurgical Corporation of China Releases Unaudited Q1 2026 Report Under Hong Kong Disclosure Rules
Apr 29, 2026
Metallurgical Corporation of China Ltd. has released its unaudited first-quarter 2026 report, prepared under Chinese Accounting Standards for Business Enterprises and published in line with Hong Kong listing and securities regulations. The board a...
MCC Seeks New Mandate for RMB 500 Million H Share Buyback
Apr 29, 2026
Metallurgical Corporation of China Ltd. has proposed a new H share repurchase mandate as the existing authorization nears expiry, aiming to buy back up to 10% of its H shares in issue, capped at RMB 500 million, using its own funds. All repurchase...
Metallurgical Corporation of China Appoints New Hong Kong Process Agent
Apr 29, 2026
Metallurgical Corporation of China Ltd. has changed its authorized representative for accepting legal process and notices in Hong Kong, replacing Mr. Wang Qi with Mr. Yang Yonglin effective 29 April 2026. The new process agent will receive such do...
Metallurgical Corporation of China Calls May 2026 EGM to Elect New Executive Directors
Apr 23, 2026
Metallurgical Corporation of China Ltd. has called its second extraordinary general meeting of 2026 for 8 May in Beijing, inviting both A and H shareholders to participate, primarily to vote on changes to the composition of its board. Shareholders...
MCC Proposes New Executive Directors and Names New President
Apr 16, 2026
Metallurgical Corporation of China Ltd. has proposed appointing Li Zhongze and Chen Yang as executive directors of its third-session board, subject to approval at an upcoming extraordinary general meeting. The move would bring in Li, a veteran of ...
Metallurgical Corp of China Sets May 2026 EGM and Closes H Share Register
Apr 16, 2026
Metallurgical Corporation of China Ltd. has scheduled its 2026 second extraordinary general meeting for 8 May 2026 in Hong Kong, with H shareholders entitled to attend and vote based on the register as of 5 May 2026. The H share register will be c...
Metallurgical Corporation of China Schedules Board Meeting to Approve First-Quarter 2026 Results
Apr 16, 2026
Metallurgical Corporation of China Ltd. has announced that its board of directors will convene on 29 April 2026 to review and approve the publication of its first quarterly results for the three months ended 31 March 2026. The scheduled meeting si...
MCC Secures Over RMB200 Billion in New Contracts in First Quarter 2026
Apr 15, 2026
Metallurgical Corporation of China Ltd. reported that it signed RMB206.1 billion in new contracts between January and March 2026, including RMB13.19 billion from overseas projects. This underscores the company’s active presence in both domes...
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.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower 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.
Disclaimer
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.