MCC(SH:601618) Xin Lang Cai Jing·2025-04-23 08:25Group 1 - The company is a leading player in the metallurgical engineering sector, holding approximately 90% of the Chinese market share and nearly 60% of the global market share as of 2022 [1] - The company is undergoing a strategic transformation from traditional metallurgical engineering to infrastructure and emerging markets, with a projected revenue of 552 billion yuan in 2024, a decrease of 12.9%, and a net profit of 6.75 billion yuan, down 22.2% [1] - The low-carbon transition in the metallurgical industry presents development opportunities, with the company actively expanding its non-steel engineering business and leveraging its technological advantages in low-carbon equipment [1] Group 2 - The company is recognized as a key resource enterprise in China, with substantial mineral reserves including 1,795,000 tons of copper, 184,200 tons of nickel, 64,290 tons of zinc, 32,110 tons of lead, and 20,900 tons of cobalt as of the end of 2024 [2] - The demand for the company's metal products, such as copper, nickel, and cobalt, is strong due to the steady growth of downstream industries like electricity and new energy, which is expected to enhance the profitability of its resource segment [2] - The company has two pending production mines with a copper reserve of 1,614,000 tons, which are anticipated to contribute significantly to performance once operational [2]