智通财经网·2025-11-05 02:18Core Viewpoint - China Metallurgical Group Corporation (China MCC) has experienced a significant decline in its financial performance for the first three quarters, attributed to external market conditions and internal restructuring challenges [1] Financial Performance - For the first three quarters, China MCC reported operating revenue of 335.094 billion yuan, a year-on-year decrease of 18.79% [1] - The net profit attributable to shareholders was 3.97 billion yuan, down 41.88% year-on-year, with basic earnings per share at 0.13 yuan [1] Contractual Performance - The total new contracts signed by China MCC for the first three quarters amounted to 760.67 billion yuan, a decrease of 14.7% compared to the same period last year [1] - New overseas contracts reached 66.9 billion yuan, reflecting a year-on-year increase of 10.1% [1] Industry Context - The decline in China MCC's performance is primarily due to the ongoing decrease in demand within the steel industry, sluggish growth in the construction sector, and significant adjustments in the real estate market [1] - Additionally, the company's own transformation and restructuring efforts have contributed to a slowdown in contract revenue conversion rates and a reduction in both ongoing and newly signed contracts [1]