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Metallurgical Corporation of China Ltd. Class H
(Frankfurt:1618)
Metallurgical Corporation of China Ltd. Class H (1618) vs. iShares MSCI Hong Kong ETF (EWH)
Metallurgical Corporation of China Ltd. Class H Business Overview & Revenue Model
Metallurgical Corporation of China Ltd. Class H Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 524.35B | 552.02B | 633.87B | 592.67B | 500.57B | 400.11B | Gross Profit |
| 52.01B | 53.48B | 61.41B | 57.15B | 53.14B | 45.43B | EBIT |
| 7.80B | 9.08B | 13.72B | 24.27B | 22.16B | 18.73B | EBITDA |
| 11.46B | 17.01B | 20.34B | 21.88B | 19.61B | 17.96B | Net Income Common Stockholders |
| 5.67B | 6.75B | 8.67B | 10.28B | 11.61B | 7.86B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 45.66B | 52.56B | 44.44B | 45.66B | 41.83B | 55.35B | Total Assets |
| 585.38B | 808.02B | 661.60B | 585.38B | 543.47B | 506.39B | Total Debt |
| 62.88B | 78.59B | 66.19B | 62.88B | 60.54B | 68.15B | Net Debt |
| 17.40B | 26.03B | 21.75B | 17.40B | 18.71B | 15.05B | Total Liabilities |
| 423.48B | 625.68B | 493.61B | 423.48B | 392.08B | 366.04B | Stockholders Equity |
| 121.11B | 153.04B | 145.48B | 121.11B | 107.49B | 97.89B |
| Cash Flow | Free Cash Flow | ||||
| 5.75B | 985.05M | 1.30B | 13.84B | 14.09B | 24.29B | Operating Cash Flow |
| 0.00 | 7.85B | 5.89B | 18.15B | 17.64B | 28.03B | Investing Cash Flow |
| -10.93B | -9.58B | -6.72B | -6.56B | -12.57B | -12.29B | Financing Cash Flow |
| 462.82M | 11.06B | 1.16B | -9.67B | -16.24B | -5.31B |
Metallurgical Corporation of China Ltd. Class H Technical Analysis
Metallurgical Corporation of China Ltd. Class H Peers Comparison
Metallurgical Corporation of China Ltd. Class H Corporate Events
Metallurgical Corporation of China Ltd. announced that the value of its newly signed contracts from January to May 2025 reached RMB396.01 billion, marking a 22.2% decrease compared to the same period last year. However, the company saw a 9.8% increase in the value of its newly signed overseas contracts, totaling RMB28.30 billion. This mixed performance highlights the company’s ongoing challenges in the domestic market while showing growth potential in international projects.
Metallurgical Corporation of China Ltd. has announced a final cash dividend of RMB 0.56 per 10 shares for the financial year ending December 31, 2024. The announcement, updated with the date of shareholders’ approval set for June 30, 2025, reflects the company’s commitment to returning value to its shareholders, although key dates regarding the dividend’s payment and related processes remain to be announced.
Metallurgical Corporation of China Ltd. has announced its 2024 Annual General Meeting, scheduled for June 30, 2025, in Beijing. The meeting will address various resolutions, including the approval of work reports, financial accounts, profit distribution, director emoluments, and auditor appointments. Additionally, the company will discuss entering a new framework agreement with China Minmetals and plans for asset-backed securitization. Amendments to the Articles of Association and procedural rules will also be considered, potentially impacting company governance and strategic operations.
Metallurgical Corporation of China Ltd. has announced a proposed change of its auditor and internal control auditor, deciding not to re-appoint Ernst & Young Hua Ming LLP. Instead, the company plans to appoint Deloitte Touche Tohmatsu Certified Public Accountants LLP for the year 2025. This decision, recommended by the Finance and Audit Committee, is based on Deloitte’s audit experience, industry knowledge, and technical expertise, aiming to maintain audit quality and serve the interests of the company and its shareholders.
Metallurgical Corporation of China Ltd. has signed a New Framework Agreement with China Minmetals, subject to shareholder approval, to continue their transactions from January 2026 to December 2026. This agreement is expected to maintain the company’s strategic partnership with China Minmetals, potentially strengthening its industry position and ensuring continued collaboration in the metallurgical sector.
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.
Metallurgical Corporation of China Ltd. has announced proposed amendments to its Articles of Association, the Rules of Procedure for Shareholders’ Meetings, and the Rules of Procedure for Board Meetings. These changes, driven by the new Company Law and regulatory requirements, include the abolishment of the Supervisory Committee, with its functions being transferred to the Audit Committee. This strategic move aims to streamline governance and align with state regulations, potentially impacting the company’s operational efficiency and governance structure.
Metallurgical Corporation of China Ltd. has released its unaudited first quarterly report for 2025, prepared under Chinese Accounting Standards. The company assures stakeholders of the report’s accuracy and completeness, with senior management taking responsibility for its contents. This announcement is part of the company’s compliance with Hong Kong Stock Exchange regulations, reflecting its commitment to transparency and regulatory adherence.
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.
Metallurgical Corporation of China Ltd. announced a change in its senior management with the resignation of Mr. Wang Zhen as the Joint Company Secretary and Authorized Representative. Mr. Chang Qi has been appointed to the position, bringing extensive experience from his previous roles in various Chinese metallurgical and investment companies. This transition is expected to maintain the company’s stability and compliance with regulatory requirements, ensuring continued effective governance and operations.
Metallurgical Corporation of China Ltd. has announced a forthcoming board meeting scheduled for April 29, 2025, to review and approve the company’s first quarterly results for the period ending March 31, 2025. This announcement indicates the company’s commitment to transparency and timely disclosure, which may impact investor confidence and market perception.
Metallurgical Corporation of China Ltd. Class H reported a decline in its financial performance for 2024, with operating revenue decreasing by 12.91% and net profit dropping by 30.70% compared to 2023. Despite these challenges, the company increased its total assets by 22.13% and maintained a stable development trend, underscoring its resilience and core value creation capabilities as a central enterprise.
Metallurgical Corporation of China Ltd. announced the temporary use of idle proceeds from its H Share IPO to replenish working capital for its overseas engineering projects. This decision aims to enhance fund utilization efficiency and reduce finance costs, while maintaining the ability to fund the Aynak Copper Mine Project if needed. The company is actively working with the Afghan Interim Government to accelerate the project’s progress.
Metallurgical Corporation of China Ltd. has announced the approval of a New Framework Agreement with its controlling shareholder, China Minmetals, effective from January 1, 2026. This agreement, subject to shareholder approval, will govern various transactions, including engineering construction and asset financing services, and is designed to continue their business relationship beyond the expiration of the current agreement in 2025. The transactions under this agreement are classified as continuing connected transactions under Hong Kong’s Listing Rules, requiring specific reporting and approval processes due to the percentage ratios involved. The company has formed an Independent Board Committee and appointed Gram Capital Limited as an independent financial adviser to ensure compliance and provide guidance to shareholders.
Metallurgical Corporation of China Ltd. has announced a final cash dividend of RMB 0.56 per 10 shares for the financial year ending December 31, 2024. This announcement reflects the company’s continued commitment to providing returns to its shareholders, although specific dates for shareholder approval and payment details are yet to be disclosed.
Metallurgical Corporation of China Ltd. has announced a board meeting scheduled for March 28, 2025, to discuss and approve the annual results for the year ending December 31, 2024. The meeting will also consider the payment of a final dividend, which could impact stakeholders and the company’s financial positioning.
Metallurgical Corporation of China Ltd. announced that its newly signed contracts from January to February 2025 totaled RMB141.63 billion, marking a 27.5% decrease compared to the same period last year. Despite this decline, the company experienced a 15.4% increase in overseas contracts, totaling RMB5.66 billion. This shift indicates a growing emphasis on international projects, which could impact the company’s strategic direction and stakeholder interests.
Metallurgical Corporation of China Ltd. announced the resignation of Mr. Zhou Jichang as an independent non-executive director, effective immediately, after serving for six years. His departure leads to a reshuffle in the board’s committees, with Ms. Zhou Guoping being appointed as the chairlady of the Nomination Committee and a member of the Remuneration and Appraisal Committee, indicating a strategic shift in the company’s governance structure.
Metallurgical Corporation of China Ltd. has announced the composition of its board of directors, highlighting the roles and functions of its executive, non-executive, and independent non-executive directors. The announcement also details the membership of five special committees, indicating the leadership and participation of board members in strategic, financial, and sustainable development initiatives, which could influence the company’s governance and operational strategies.