Core Viewpoint - China Metallurgical Group Corporation (China MCC) announced a significant business restructuring, deciding to divest its real estate and mineral resources segments for a total transaction value of 60.7 billion yuan, which has led to a sharp decline in its stock price [1] Group 1: Business Restructuring - The divestiture involves the separation of the real estate and mineral resources businesses, which has raised considerable market attention [1] - The total transaction amount for the divestiture is reported to be 60.7 billion yuan [1] Group 2: Market Reaction - Following the announcement, China MCC's stock price fell by 21% and continued to drop over 5%, currently trading at 1.82 HKD, with a total market capitalization of 37.7 billion HKD [1] - Market analysts suggest that while the strategy to focus on core business is understandable, the removal of the real estate and resource segments leaves China MCC primarily with its engineering business [1] Group 3: Industry Comparison - The situation is compared to China Railway Group, which also has significant reserves of copper, cobalt, and molybdenum; if similar assets were divested, it could lead to a substantial decline in stock value [1]

（文章来源：每日经济新闻） 每经AI快讯，中国中冶(01618.HK)跌超4%，该股昨日重挫逾21%。截至发稿，跌4.26%，报1.8港元，成 交额1.78亿港元。 ...

中国中冶（601618）(01618)跌超4%，该股昨日重挫逾21%。截至发稿，跌4.26%，报1.8港元，成交额 1.78亿港元。 消息面上，中国中冶日前公告，公司拟将所持有的中冶置业100%股权及对中冶置业的标的债权一并出 售给五矿地产控股，将所持有的有色院、中冶铜锌、瑞木管理100%股权和中冶金吉67.02%股权出售给 中国五矿，公司控股子公司中国华冶拟将其持有的华冶杜达100%股权出售给中国五矿或其指定主体。 本次交易为现金交易，交易价格约为607亿元。 值得关注的是，中国中冶近年来业绩承压，2022年—2024年度归母净利润分别为102.7亿元、86.7亿元、 67.46亿元。公司公告中指出，通过本次交易，公司将剥离非核心资产并优化配置资源，有利于优化公 司业务结构、聚焦核心主业、提升核心竞争力与持续盈利能力。 ...

值得关注的是，中国中冶近年来业绩承压，2022年—2024年度归母净利润分别为102.7亿元、86.7亿元、 67.46亿元。公司公告中指出，通过本次交易，公司将剥离非核心资产并优化配置资源，有利于优化公 司业务结构、聚焦核心主业、提升核心竞争力与持续盈利能力。 消息面上，中国中冶日前公告，公司拟将所持有的中冶置业100%股权及对中冶置业的标的债权一并出 售给五矿地产控股，将所持有的有色院、中冶铜锌、瑞木管理100%股权和中冶金吉67.02%股权出售给 中国五矿，公司控股子公司中国华冶拟将其持有的华冶杜达100%股权出售给中国五矿或其指定主体。 本次交易为现金交易，交易价格约为607亿元。 智通财经APP获悉，中国中冶(01618)跌超4%，该股昨日重挫逾21%。截至发稿，跌4.26%，报1.8港元， 成交额1.78亿港元。 ...

Group 1 - The core point of the news is that China Metallurgical Group Corporation (China MCC) plans to sell its 100% stake in MCC Real Estate and other subsidiaries to China Minmetals, with a total transaction value of 60.676 billion yuan [1] - The transaction involves the sale of four mining companies, which collectively reported a net profit of approximately 701 million yuan for the first seven months of 2025, with valuation appreciation rates exceeding 120% [1] - Following the announcement, China MCC's stock price experienced a significant decline, with a drop of over 20% in Hong Kong and a 10.03% drop in A-shares, reducing its market value to 59.36 billion yuan [1] Group 2 - China MCC stated that the transaction aims to divest non-core assets and optimize resource allocation, allowing the company to focus on its core business areas, including metallurgical engineering and emerging industries [2] - The company has faced declining performance due to external factors such as reduced demand in the steel industry and adjustments in the real estate sector, with net profit dropping from 10.276 billion yuan in 2022 to 6.746 billion yuan in 2024 [2] - In the first three quarters of 2025, China MCC reported a revenue of 335.094 billion yuan, a year-on-year decrease of 18.79%, and a net profit of 3.970 billion yuan, down 41.88% year-on-year [2]

Core Viewpoint - China Metallurgical Group Corporation (China MCC) announced the sale of assets worth 60.68 billion yuan to China Minmetals Corporation and its wholly-owned subsidiary, Minmetals Real Estate Holdings Limited, aiming to optimize its business structure and enhance profitability [1][2] Group 1: Transaction Details - The transaction involves the sale of 100% equity in MCC Real Estate and related debts to Minmetals Real Estate Holdings, as well as the sale of 100% equity in several subsidiaries, including Nonferrous Institute and MCC Copper Zinc, to China Minmetals [1] - This transaction is classified as a related party transaction but does not constitute a major asset restructuring [1] Group 2: Strategic Focus Post-Transaction - After the transaction, China MCC will be positioned as a core platform under China Minmetals, focusing on engineering contracting, metallurgy engineering, and emerging industries [2] - The funds obtained from the transaction will be primarily used to strengthen core businesses in metallurgy construction and support new industrialization and urbanization efforts [2] Group 3: Financial Performance - For the first three quarters of 2025, China MCC reported a revenue of 335.09 billion yuan, a year-on-year decrease of 18.79%, and a net profit attributable to shareholders of 3.97 billion yuan, down 41.88% [2] - The decline in performance is attributed to external factors such as decreased demand in the steel industry, sluggish growth in the construction sector, and significant adjustments in the real estate industry, along with internal factors related to business restructuring [2]

长江商报消息 ●长江商报记者 沈右荣 央企中国五矿旗下资产大整合！ 12月8日晚，中国中冶（601618.SH，01618.HK）发布重大业务调整公告，拟剥离旗下的地产资产和矿 产资产，交易价款约为607亿元。 本次资产剥离分为两部分：第一部分，中国中冶拟将中冶置业集团有限公司（简称"中冶置业"）100% 股权及公司对中冶置业的相关债权转让给五矿地产，交易作价312.37亿元；第二部分，中国中冶拟将另 外五家矿业子公司全部或部分股权转让给中国五矿，交易价款约为294.40亿元。 中国中冶是以冶金建设为核心主业的特大型建筑央企，是全球最大的冶金建设承包商和冶金企业运营服 务商。剥离地产资产、矿产资产，中国中冶称，旨在优化公司业务结构、聚焦核心主业。 长江商报记者发现，五矿地产受让中冶置业后，将诞生一家新的千亿地产央企。 中冶置业是国务院国资委首批认定的16家以房地产为主业的中央企业之一，总资产超过800亿元。五矿 地产是中国五矿下属一级公司，主营地产开发，总资产超过300亿元。 剥离地产和矿产聚焦主业 出售607亿元资产，中国中冶大"瘦身"。 值得一提的是，10年前的2015年，央企中冶集团与中国五矿联合重组， ...

Core Viewpoint - China Metallurgical Group Corporation (China MCC) announced a significant transaction involving the sale of various assets to China Minmetals, aimed at optimizing resource allocation and focusing on core business areas [2][3]. Group 1: Transaction Details - China MCC plans to sell 100% equity of MCC Real Estate and related debts to Minmetals Real Estate, along with 100% equity of several subsidiaries to China Minmetals [1][2]. - The total transaction price is approximately 60.676 billion yuan, constituting an associated transaction rather than a major asset restructuring [2]. - The sale of MCC Real Estate accounts for over half of the total transaction value, approximately 31.24 billion yuan, despite a significant discount from its assessed value of 46.17 billion yuan due to market value decline [5][6]. Group 2: Strategic Implications - This transaction is part of a broader strategy to respond to the central government's call for state-owned enterprises to focus on their main responsibilities and optimize resource allocation [2][3]. - Post-transaction, China MCC will concentrate on metallurgical engineering, non-ferrous and mining engineering, high-end infrastructure, industrial construction, and emerging industries, enhancing its core competitiveness and sustainable profitability [2][3]. - The transaction is expected to lead to a new round of personnel and structural adjustments, helping both companies focus on their strengths and reduce competition [4]. Group 3: Industry Context - The merger between China MCC and China Minmetals marks another significant consolidation in the state-owned enterprise sector, following previous mergers like CSR and CNR [3]. - China Minmetals, established in 1950, has a total asset value exceeding 1.3 trillion yuan and is ranked 86th in the Fortune Global 500 [3]. - Both companies have faced challenges in recent years, with declining revenues and profits attributed to the deep adjustment in the real estate sector [7].

Core Viewpoint - China Metallurgical Group Corporation (China MCC) plans to sell assets worth 60.676 billion yuan to China Minmetals Corporation and its wholly-owned subsidiary, Minmetals Real Estate Holdings [1] Group 1: Transaction Details - The transaction involves the sale of 100% equity in MCC Real Estate and related debts to Minmetals Real Estate Holdings, as well as the sale of 100% equity in several subsidiaries to China Minmetals [1] - This transaction is classified as a related party transaction but does not constitute a major asset restructuring [1] Group 2: Strategic Implications - Post-transaction, China MCC will focus on engineering contracting, emerging industries, and core business areas such as metallurgy engineering and high-end infrastructure [2] - The funds obtained from the transaction will be used to strengthen core businesses and develop five key areas: engineering services, new materials, high-end equipment, energy and environmental protection, and digital applications [2] Group 3: Financial Performance - For the first three quarters of 2025, China MCC reported revenue of 335.094 billion yuan, a year-on-year decrease of 18.79%, and a net profit attributable to shareholders of 3.970 billion yuan, down 41.88% [2] - The decline in performance is attributed to external factors such as decreased demand in the steel industry, sluggish growth in the construction sector, and adjustments in the real estate market, as well as internal factors related to business restructuring [2]

根据公告，中国中冶作价312.36亿元出售中冶置业全部股权及债权予五矿地产控股。此次交易，终结了两大央企地产业务长达十年的"双平台并存"格局。 回溯至2015年12月，国资委批准中冶集团（中国中冶母公司）整体并入五矿集团，总资产超6000亿元的新集团横空出世，但旗下地产业务始终保持独立运 营。 12月8日晚，中国中冶一则流传月余的市场传闻尘埃落定。 | 首页 五矿新闻 | | 五矿简介 | 组织机构 | 信息公开 | 社会责任 | 媒体五矿 | 人才招聘 | 联系我 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 当前位置:德 德 首页 >> 媒体五矿 >> >> >> > | | | | | | | | | | | 新华社《五矿集团与中冶集团实施战略重组》 | | | | | | | | | | 文章来源: 新华社 作者:华晔迪 | | | | | | | | | | 2015-12-10 | | | | | | | | | | 字体:【大中小】【打印】颜色:■■■■ | | | | | | | | 如今时隔十年，这场央企巨头间的整合终 ...