本次担保金额及已实际提供的担保余额：2024 年 10 月，中国中冶子公司中 冶瑞木镍钴有限公司（以下简称"中冶瑞木"）为瑞木镍钴管理公司提供 5,000 万美 元（折合人民币 3.56 亿元）授信担保；中国中冶子公司上海宝冶集团有限公司（以 下简称"上海宝冶"）为宝冶柬埔寨公司提供 700 万美元（折合人民币 4,987.5 万 元）授信担保。截至 2024 年 10 月末，包含本公告中的两笔担保在内，中冶瑞木实 际为瑞木镍钴管理公司提供的担保余额为人民币 3.56 亿元，上海宝冶实际为宝冶柬 埔寨公司提供的担保余额为人民币 4,987.5 万元。 A 股简称：中国中冶 A 股代码：601618 公告编号：临 2024-051 中国冶金科工股份有限公司 关于 2024 年 10 月提供担保的公告 中国冶金科工股份有限公司（以下简称"中国中冶"、"本公司"、"公司"） 董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示: 被担保人名称及是否为公司关联人：被担保人瑞木镍钴管理（中冶）有限公 司（以下简称"瑞木镍钴管理公司"） ...

Investment Rating - The investment rating for China Metallurgical Group Corporation is "Buy" [3] Core Views - The report highlights a significant increase in net profit for Q3, showcasing the company's resilience amid industry pressures. The implementation of new fiscal policies and progress in mineral resource projects are expected to further enhance performance [5][6] - The company has experienced a 16.5% year-on-year decline in net profit for the first three quarters of 2024, but a remarkable 177.5% increase in net profit for Q3 alone exceeded expectations [6][7] - The target price is maintained at 4.89, corresponding to an 11x PE for 2024 [6] Financial Summary - For the first three quarters of 2024, revenue was 412.6 billion, down 11.71% year-on-year, while net profit was 6.831 billion, down 16.53% [6][7] - The company’s operating cash flow for the first three quarters was -30.7 billion, compared to -22.5 billion in the same period of 2023 [6][7] - New signed contracts decreased by 9.2% year-on-year, with overseas contracts increasing by 85.2% [6][16] Market Data - The stock price range over the past 52 weeks was between 2.57 and 3.55, with a total market capitalization of 69.217 billion [6] - The company’s total shares are 20.724 billion, with 17.853 billion in circulation [6] Order and Contract Data - The total new signed contracts for the first three quarters of 2024 amounted to 891.69 billion, with a notable decline in domestic contracts but a significant increase in overseas contracts [16][17] - The breakdown of new signed contracts shows a decline in housing construction and municipal infrastructure projects, while industrial manufacturing and other engineering contracts saw an increase [16]

Investment Rating - The investment rating for the company is "Outperform the Market" and is maintained [1] Core Views - The report highlights that the company has shown signs of improvement in Q3, with a notable recovery in net profit, primarily due to the reversal of asset impairment and credit impairment losses [4][7] - Despite a decline in revenue and net profit for the first three quarters of 2024, the company is expected to benefit from its leading position in the metallurgical engineering industry, with a projected EPS of 0.37 and 0.39 for 2024 and 2025 respectively [7] Summary by Sections Financial Performance - For the first three quarters of 2024, the company achieved operating revenue of 412.617 billion yuan, a decrease of 11.71% year-on-year, and a net profit attributable to shareholders of 6.831 billion yuan, down 16.53% year-on-year [4] - The quarterly performance showed a narrowing decline in revenue, with Q3 revenue down 14.37% year-on-year, while net profit for Q3 increased by 177.45% year-on-year [4] - The gross profit margin for the first three quarters decreased by 0.18 percentage points to 9.04%, while the net profit margin fell by 0.38 percentage points to 1.87% [5] Cash Flow and Contracts - The company experienced a net cash outflow from operating activities of 30.736 billion yuan, an increase of 82.59% year-on-year, although Q3 showed some improvement [6] - New contracts signed in the first nine months of 2024 totaled 891.69 billion yuan, a decrease of 9.2% year-on-year, with overseas contracts increasing by 85.2% [6] Earnings Forecast - The company is projected to have an EPS of 0.37 in 2024 and 0.39 in 2025, with a reasonable valuation range of 3.35 to 3.72 yuan based on a P/E ratio of 9-10 times for 2024 [7][8]

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for the next six months [4][5]. Core Insights - The company experienced a significant increase in net profit in Q3, primarily due to a reduction in asset and credit impairment losses, which decreased by 1.5 billion [1][3]. - Despite a slight decline in overall revenue, the company reported a year-on-year profit increase of 177.45% in Q3, attributed to improved operational efficiency and reduced impairment losses [1][3]. - The company is focusing on a diversified business structure characterized by "one core, two main bodies, and five features," which is expected to enhance profitability and project execution [4]. Revenue and Profitability - For the first three quarters of 2024, the company achieved a revenue of 412.617 billion, a year-on-year decrease of 11.71%, while the net profit attributable to the parent company was 6.831 billion, down 16.53% [1]. - The gross profit margin for the first three quarters of 2024 was 9%, a slight decrease of 0.18 percentage points year-on-year, while the Q3 gross profit margin was 9.03%, down 0.09 percentage points [3]. Order Intake and Business Segments - The company signed new orders worth 891.69 billion in the first three quarters of 2024, a decrease of 9.2% year-on-year, with Q3 new orders at 213.89 billion, down 17.7% [2]. - Notably, new overseas orders reached 60.76 billion, reflecting a robust year-on-year growth of 85.2%, indicating strong international demand [2]. Financial Forecast - The company is projected to achieve net profits of 7.204 billion, 7.870 billion, and 8.693 billion for 2024, 2025, and 2026, respectively, with corresponding P/E ratios of 8.5, 7.8, and 7.0 [4][5]. - The report anticipates a gradual recovery in revenue growth rates, with expected growth rates of 0.03%, 5.80%, and 9.65% for the years 2024, 2025, and 2026 [10].

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責,對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明,並 明 確 表 示,概 不 對 因 本 公 告 全 部 或 任 何 部 份 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任何損失承擔任何責任。 METALLURGICAL CORPORATION OF CHINA LTD. * 中國冶金科工股份有限公司 (於中華人民共和國註冊成立的股份有限公司) (股份代號：1618) 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而發表。 以 下 為 中 國 冶 金 科 工 股 份 有 限 公 司 (「 本 公 司 J) 於 二 零 二 四 年 十 月 二 十 九 日 在 上 海 證 券 交 易 所 網 站 刊 發 的 資 料 全 文 · 僅 供 提 供 信 息 之 用 。 承 董事 會 命 中國冶金科工股份有限公司 王 震 聯 席 公 司 秘 書 北京,中國 二 零 二 四 年 十 月 二 十 九 日 A 股简称： ...

以 下 為 中 國 冶 金 科 工 股 份 有 限 公 司（「本公司」）於 二 零 二 四 年 十 月 二 十 九 日在 上 海 證 券 交 易 所 網 站 刊 發 的 資 料 全 文，僅 供 提 供 信 息 之 用。 承董事會命 中國冶金科工股份有限公司 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而發表。 王 震 聯席公司秘書 北 京，中 國 二零二四年十月二十九日 於 本 公 告 日 期，本 公 司 董 事 會 包 括 執 行 董 事：陳 建 光 先 生；非 執 行 董 事： 郎 加 先 生 及 閆 愛 中 先 生（職 工 代 表 董 事）；以 及 獨 立 非 執 行 董 事：周 紀 昌 先 生、劉 力 先 生 及 吳 嘉 寧 先 生。 * 僅供識別 A 股简称：中国中冶 A 股代码：601618 ...

Financial Performance - The company's operating revenue for the third quarter was CNY 113,775,947, a decrease of 14.37% compared to the same period last year[5] - Net profit attributable to shareholders of the listed company reached CNY 2,681,017, an increase of 177.45% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,404,329, up 148.41% from the previous year[5] - Basic earnings per share for the quarter were CNY 0.13, reflecting a significant increase of 160.0%[5] - Total revenue for the first three quarters of 2024 was CNY 412.62 billion, a decrease of 11.7% compared to CNY 467.32 billion in the same period of 2023[26] - Operating profit for the first three quarters of 2024 was CNY 8.92 billion, down 29.0% from CNY 12.66 billion in the same period of 2023[27] - Net profit for the first three quarters of 2024 was CNY 7.70 billion, a decline of 26.0% compared to CNY 10.50 billion in the same period of 2023[27] - Total comprehensive income for the first three quarters of 2024 was 7,403,428 thousand RMB, down from 10,651,642 thousand RMB in 2023, representing a decrease of approximately 30.5%[28] - Basic and diluted earnings per share for the first three quarters of 2024 were both 0.24 RMB, down from 0.31 RMB in 2023, indicating a decrease of approximately 22.6%[28] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 725,006,073, representing a year-on-year increase of 9.58%[5] - The total assets as of September 30, 2024, were 187,796,378 thousand RMB, an increase from 171,684,805 thousand RMB at the end of 2023, reflecting a growth of approximately 9.5%[34] - Current liabilities rose to CNY 496.99 billion as of September 30, 2024, compared to CNY 448.82 billion at the end of 2023, an increase of 10.7%[25] - The company's total liabilities increased significantly, with cash paid for debt repayment rising to 228,169,005 thousand RMB in 2024 from 124,303,273 thousand RMB in 2023, an increase of approximately 83.7%[32] - As of September 30, 2024, total liabilities increased to CNY 70,534,165 thousand from 56,299,332 thousand as of December 31, 2023, representing a growth of approximately 25.3%[35] Shareholder Information - The total number of common shareholders at the end of the reporting period is 337,866[10] - China Metallurgical Group Corporation holds 10,190,955,300 shares, accounting for 49.18% of total shares[10] - Hong Kong Central Clearing Limited holds 2,842,787,901 shares, representing 13.72% of total shares[10] - China National Petroleum Corporation owns 1,227,760,000 shares, which is 5.92% of total shares[10] - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest shareholder holding nearly half[10] - There are no preferred shareholders with restored voting rights reported[10] - The company has no shares under pledge, marking a stable ownership structure[10] - The report indicates no frozen shares among the top shareholders, suggesting liquidity[10] - The shareholder structure reflects a strong presence of state-owned enterprises, indicating potential government support[10] Cash Flow and Investments - The company reported a cash flow from operating activities of CNY (30,735,612), indicating a negative cash flow situation[5] - Net cash flow from operating activities for the first three quarters of 2024 was (30,735,612) thousand RMB, compared to (22,476,964) thousand RMB in 2023, indicating a worsening cash flow situation[30] - Cash inflow from financing activities increased to 278,517,449 thousand RMB in 2024 from 184,123,421 thousand RMB in 2023, marking a growth of approximately 51.3%[32] - The net cash flow from investing activities for the first three quarters of 2024 was (2,956,379) thousand RMB, slightly improved from (3,367,004) thousand RMB in 2023[31] - Cash inflow from investment activities totaled CNY 31,747,030 thousand in the first three quarters of 2024, compared to CNY 19,783,858 thousand in the same period of 2023, marking an increase of approximately 60.5%[40] Cost Management and Efficiency - The company has made progress in cost reduction and efficiency improvement, contributing to the substantial increase in profit[8] - Research and development expenses for the first three quarters of 2024 were CNY 11.90 billion, down 12.1% from CNY 13.54 billion in the same period of 2023[26] - The company reported a total of CNY 1.00 billion in asset disposal gains in the first three quarters of 2024, compared to CNY 51.26 million in the same period of 2023[26] - The company's interest expenses for the first three quarters of 2024 were CNY 1,020,669 thousand, compared to CNY 1,665,498 thousand in the same period of 2023, showing a decrease of approximately 38.7%[37]

A 股简称：中国中冶 A 股代码：601618 公告编号：临 2024-050 中国冶金科工股份有限公司 第三届董事会第六十四次会议决议公告 中国冶金科工股份有限公司（以下简称"中国中冶"、"本公司"或"公司"）董事 会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其 内容的真实性、准确性和完整性承担法律责任。 公司第三届董事会第六十四次会议于 2024 年 10 月 29 日在中冶大厦召开。会议应 出席董事六名，实际出席董事六名，会议由陈建光董事长主持。本次会议的召开符合《公 司法》等法律法规及《中国冶金科工股份有限公司章程》的有关规定。 会议审议通过相关议案并形成决议如下： 一、通过《关于中国中冶 2024 年第三季度报告的议案》 1、同意中国中冶 2024 年第三季度报告。 本议案已经公司董事会财务与审计委员会 2024 年第七次会议事前认可，同意提交 董事会审议。（表决结果：三票赞成、零票反对、零票弃权。） 有关该报告的具体内容详见本公司另行发布的有关资料。 二、通过《关于十七冶收购中国中冶所持中冶华南建设投资有限公司 51%股权的 议案》 同意中国十七冶集团有限公司以非公开 ...

A 股简称：中国中冶 A 股代码：601618 公告编号：临 2024-049 中国冶金科工股份有限公司 2024 年三季度主要经营数据公告 | 细分行业 | 2024 年 | 7-9 月 | 2024 | 年本年累计 | | | --- | --- | --- | --- | --- | --- | | | 新签项目 | 新签合同额 | 新签项目 | 新签合同额 | 同比 | | | 数量（个） | （亿元） | 数量（个） | （亿元） | 增减 | | 冶金工程与运 营服务 | 599 | 199.5 | 2,271 | 1,218.9 | -2.1% | | 房屋建筑工程 | 422 | 1,077.0 | 1,497 | 4,194.4 | -14.6% | | 市政与基础设 施工程 | 227 | 359.9 | 776 | 1,377.7 | -22.8% | | 工业制造及其 他工程 | 181 | 293.5 | 624 | 1,378.4 | 22.7% | | 总计 | 1429 | 1,929.9 | 5,168 | 8,169.4 | -9.9% | 截至 2024 年 9 月 30 ...

Financial Performance - The company's operating revenue for Q3 2024 was CNY 113,775,947, a decrease of 14.37% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2024 was CNY 2,681,017, an increase of 177.45% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,404,329, up 148.41% year-on-year[3] - Basic and diluted earnings per share for Q3 2024 were CNY 0.13, reflecting a 160.0% increase compared to the same period last year[3] - Total operating revenue for the first three quarters of 2024 was CNY 412.62 billion, a decrease of 11.7% compared to CNY 467.32 billion in the same period of 2023[14] - Operating profit for the first three quarters of 2024 was CNY 8.92 billion, down 29.3% from CNY 12.66 billion in the first three quarters of 2023[14] - Net profit attributable to shareholders of the parent company for the first three quarters of 2024 was CNY 6.83 billion, a decline of 16.5% from CNY 8.18 billion in the same period of 2023[14] - The company’s total comprehensive income for the first three quarters of 2024 was CNY 7.40 billion, a decrease of 30.5% from CNY 10.65 billion in the same period of 2023[15] - Basic earnings per share for the first three quarters of 2024 were CNY 0.24, down from CNY 0.31 in the same period of 2023[15] Assets and Liabilities - Total assets at the end of Q3 2024 reached CNY 725,006,073, representing a 9.58% increase from the end of the previous year[4] - The total liabilities increased to CNY 541.62 billion as of September 30, 2024, compared to CNY 493.61 billion at the end of 2023, reflecting a growth of 9.7%[13] - The company's total equity increased to CNY 183.38 billion as of September 30, 2024, up from CNY 167.99 billion at the end of 2023, representing a growth of 9.1%[13] - The total current assets as of September 30, 2024, were CNY 92,191,776,000, an increase from CNY 75,066,674,000 at the end of 2023, reflecting a growth of 22.8%[20] - The total liabilities increased to CNY 70,534,165,000 as of September 30, 2024, compared to CNY 56,299,332,000 at the end of 2023, indicating a rise of 25.3%[21] Cash Flow - The company reported a net cash flow from operating activities of CNY (30,735,612) for the year-to-date period[3] - The company reported a net cash outflow from operating activities of CNY 30.74 billion for the first three quarters of 2024, compared to a net outflow of CNY 22.48 billion in the same period of 2023[16] - The company’s cash inflow from operating activities was CNY 301.55 billion for the first three quarters of 2024, down 16.3% from CNY 360.26 billion in the same period of 2023[16] - The company reported a net cash outflow from investment activities of CNY 2,956,379,000 for the first three quarters of 2024, an improvement from CNY 3,367,004,000 in the same period of 2023[22] - The net cash flow from investment activities was negative CNY 14,161,922,000, worsening from negative CNY 4,829,176,000 in the previous year[23] - Total cash inflow from financing activities was CNY 525,279,622,000, up 32.7% from CNY 395,824,387,000 in 2023[23] - The net cash flow from financing activities increased to CNY 13,978,486,000, compared to CNY 2,502,108,000 in the same period last year[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 337,866[7] - Shareholders' equity attributable to the parent company was CNY 153,871,032, an increase of 5.77% from the end of the previous year[4] - The company has not reported any changes in the participation of major shareholders in margin trading and securities lending activities[10] Contracts and New Business - The total new contracts signed by the company in the first three quarters of 2024 amounted to RMB 891.69 billion, a decrease of 9.2% compared to the same period last year[11] - The new overseas contracts signed reached RMB 60.76 billion, representing an increase of 85.2% year-on-year[11] Other Financial Metrics - Non-recurring gains and losses for the current period totaled CNY 276,688, with significant contributions from asset disposals and government subsidies[5] - The weighted average return on equity for Q3 2024 was 2.64%, an increase of 1.63 percentage points compared to the same period last year[3] - Research and development expenses for the first three quarters of 2024 were CNY 11.90 billion, down 12.1% from CNY 13.54 billion in the first three quarters of 2023[14] - The company's cash and cash equivalents decreased to RMB 33.66 billion from RMB 44.44 billion year-on-year[12] - Accounts receivable increased to RMB 171.82 billion from RMB 130.04 billion year-on-year[12] - The company's inventory remained relatively stable at RMB 79.84 billion compared to RMB 80.08 billion in the previous year[12] - The company reported a significant increase in long-term receivables, rising to RMB 52.85 billion from RMB 50.83 billion year-on-year[12] - The company’s long-term equity investments decreased to CNY 94,671,309,000 as of September 30, 2024, from CNY 95,704,384,000 at the end of 2023, a decline of 1.1%[20]