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 ...

（原标题：中国中冶12月9日龙虎榜数据） 中国中冶(601618)今日跌停，全天换手率4.36%，成交额23.94亿元，振幅5.90%。龙虎榜数据显示，机构净买入4599.93万元，沪股通净卖出 3597.77万元，营业部席位合计净卖出1.30亿元。 上交所公开信息显示，当日该股因日跌幅偏离值达-9.66%上榜，机构专用席位净买入4599.93万元，沪股通净卖出3597.77万元。 证券时报•数据宝统计显示，上榜的前五大买卖营业部合计成交4.97亿元，其中，买入成交额为1.88亿元，卖出成交额为3.09亿元，合计净卖出1.20 亿元。 具体来看，今日上榜的营业部中，共有1家机构专用席位现身，即买二，合计净买入4599.93万元，沪股通为第三大买入营业部及第二大卖出营业 部，买入金额为4559.37万元，卖出金额为8157.14万元，合计净卖出3597.77万元。 资金流向方面，今日该股主力资金净流出4.86亿元，其中，特大单净流出4.99亿元，大单资金净流入1259.89万元。近5日主力资金净流出3.31亿 元。 融资融券数据显示，该股最新（12月8日）两融余额为16.71亿元，其中，融资余额为16.68亿元 ...

其中，在此次高达606.76亿元的资产出售计划中，中国中冶拟将所持有的中冶置业100%的股权及公司 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%的股 权和中冶金吉67.02%的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%的 股权出售给中国五矿或其指定主体。 MACD金叉信号形成，这些股涨势不错！ 上证报中国证券网讯（记者 何昕怡）12月9日，中国中冶股价突发异动，A股股价触及跌停，报3.05元/ 股；港股股价一度跌超20%。 12月8日晚间，中国中冶披露出售资产暨关联交易的公告。公告显示，中国中冶拟将旗下包括房地产、 有色矿产设计与开发在内的多项资产打包出售，交易总对价高达606.76亿元。 来源：上海证券报·中国证券网 ...

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][4]. Group 1: Transaction Details - China MCC plans to sell 100% equity of MCC Real Estate and related debts to Minmetals Real Estate for approximately 312.4 billion yuan, which constitutes over half of the total transaction value of 606.76 billion yuan [3][8]. - The transaction includes the sale of 100% equity of several subsidiaries, including the Nonferrous Institute and MCC Copper Zinc, to China Minmetals [2][4]. 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, thereby enhancing core competitiveness and sustainable profitability [4][6]. - Post-transaction, China MCC will concentrate on metallurgical engineering, non-ferrous and mining engineering construction, high-end infrastructure, industrial construction, and emerging industries [4][6]. Group 3: Historical Context - The transaction marks a significant step in the integration process between China MCC and China Minmetals, which has been anticipated since their merger announcement ten years ago [5][6]. - Both companies have faced challenges in achieving operational performance and have been under pressure to reduce competition between their real estate segments [9][10]. Group 4: Market Conditions - The real estate sector has been under significant pressure, with both China MCC and Minmetals Real Estate experiencing declines in revenue and profits due to market adjustments [9]. - Minmetals Real Estate has reported losses for three consecutive years and is undergoing privatization to enhance operational flexibility and focus on core business areas [9][10].

Core Viewpoint - The merger between China Minmetals and China Metallurgical Group, valued at 312 billion yuan, aims to consolidate resources within state-owned enterprises, preserving state assets while achieving internal specialization [2][4]. Group 1: Transaction Details - China Minmetals plans to acquire 100% equity of China Metallurgical Group's subsidiary, China Metallurgical Real Estate, along with related debts, for a total transaction price of 606.76 billion yuan [2][8]. - The merger is expected to create a new real estate giant with assets potentially exceeding 1 trillion yuan [2][4]. Group 2: Financial Performance - China Metallurgical Real Estate reported a loss of 4.85 billion yuan in 2024, with a continued loss of 1.834 billion yuan in the first half of 2025 despite a 43.85% increase in revenue to 3.192 billion yuan [3][9]. - China Minmetals has faced financial difficulties, with a net loss of 3.748 billion HKD in 2024 and a significant drop in sales from 26 billion yuan in 2021 to 7.954 billion yuan in 2024 [3][9]. Group 3: Strategic Implications - The merger is seen as a strategic move to eliminate internal competition and enhance overall competitiveness, with expectations of improved market confidence post-merger [4][11]. - The new entity will benefit from increased land reserves and development qualifications, which could facilitate future growth if the real estate market recovers [4][11]. Group 4: Challenges Ahead - The merger faces challenges including debt management, organizational integration, and cultural alignment, which are critical for realizing the potential of the combined entity [5][11]. - Successful integration is essential for the new China Minmetals Real Estate to achieve its strategic goals and return to profitability by 2027 [5][11].

Core Viewpoint - China Metallurgical Group Corporation (China MCC) is selling its real estate assets, including 100% equity of MCC Real Estate and other subsidiaries, for a total of 60.676 billion yuan to related parties, aiming to optimize its business structure and focus on core competencies [1][2]. Group 1: Asset Sale Details - The asset sale is structured into two main parts: MCC is selling 100% equity of MCC Real Estate and corresponding debts to WISCO Real Estate Holdings for 31.236 billion yuan [1]. - Additionally, MCC is selling 100% equity of several subsidiaries, including the Nonferrous Institute and MCC Copper Zinc, to China Minmetals for 29.439 billion yuan [1]. Group 2: Performance and Challenges - MCC Real Estate has shown signs of fatigue, with a projected loss of 4.85 billion yuan in 2024 and a loss of 1.777 billion yuan in the first half of 2025, alongside a negative gross margin of -10.91% [2]. - The decline in performance is attributed to high land acquisition costs and a downturn in the real estate market [2]. Group 3: Strategic Implications - The asset sale aligns with the central government's push for state-owned enterprises to focus on their main responsibilities and optimize resource allocation [3]. - Post-transaction, China MCC will concentrate on engineering contracting and emerging industries, enhancing operational stability and risk management [3]. Group 4: Future Outlook - The integration of assets is expected to improve operational efficiency and create a more competitive ecosystem within the China Minmetals group [3][4]. - The real estate business will focus on core urban areas, light asset operations, and explore new models combining industry and real estate, such as logistics and integrated urban complexes [4].

Core Viewpoint - The article discusses the strategic decision of China Metallurgical Group Corporation (China MCC) to divest its real estate and resource-related assets in response to central government directives for focusing on core business and optimizing resource allocation [6][25]. Summary by Sections Real Estate Divestment - China MCC's real estate subsidiary, MCC Real Estate, reported a loss of 4.85 billion in 2024 and 25.4 billion from January to July 2025, with a net asset value of -16.2 billion as of July 31, 2025 [8]. - The real estate assets were sold to Wenkang Real Estate for 31.24 billion, while the resource-related assets were sold to the controlling shareholder, China Minmetals, for 29.44 billion, totaling 60.68 billion [9]. Financial Details of Divested Assets - The financial details of MCC Real Estate show total assets of approximately 84.58 billion and total liabilities of about 75.33 billion as of December 31, 2024, with a net profit of -4.86 billion [10]. - The company holds a debt claim of 46.1 billion against MCC Real Estate, which aligns closely with the sale price of 31.24 billion, indicating a reasonable divestment despite potential low sale prices [11][12]. Resource Divestment - The divested resource companies include five subsidiaries with valuations of 12.2 billion, 1.09 million, 5 billion, 1.66 billion, and 10.5 billion, totaling 29.4 billion [16]. - The combined net profit of these five companies for 2024 is projected to be 1.21 billion [17]. Implications of Divestment - The divestment raises concerns among investors, as it strips China MCC of significant resource assets, which were a key attraction for shareholders [25]. - The article suggests that the divestment may be perceived as "killing the goose that lays the golden eggs," as the company will primarily focus on engineering services post-divestment, potentially diminishing its overall value [25][24].