Zhi Tong Cai Jing·2025-11-17 06:35Core Points - China Metallurgical Group Corporation (China MCC) experienced a nearly 3% decline in stock price, trading at HKD 2.27 with a transaction volume of HKD 37.68 million [1] - As of November 14, China MCC announced that its new contract value for January to October 2025 was RMB 845.07 billion, a decrease of 11.8% compared to the same period last year [1] - The company reported that its new overseas contract value reached RMB 71.16 billion, reflecting a growth of 7.3% year-on-year [1] - Everbright Securities has downgraded the company's net profit forecasts for 2025 and 2026 to RMB 4.79 billion and RMB 4.99 billion, representing reductions of 30% and 26% respectively [1] - The new net profit forecast for 2027 is set at RMB 5.23 billion [1] - Despite the challenges faced in the steel, construction, and real estate sectors, Everbright Securities remains optimistic about the company's overseas and resource business development, maintaining a "buy" rating for both A-shares and H-shares [1]