Xin Jing Bao·2026-01-20 14:29Core Viewpoint - China Metallurgical Group Corporation (China MCC) expects to achieve profitability in 2025, but the net profit attributable to shareholders is projected to decline by over 50% compared to the previous year, primarily due to losses in the real estate sector and increased asset impairment provisions [1][2] Financial Performance - In 2025, China MCC's real estate segment, MCC Real Estate, reported a net loss of 1.777 billion yuan in the first half of the year, following losses of 4.856 billion yuan in 2024 and 3.022 billion yuan in 2023 [2] - The company’s total new contract value for 2025 is expected to be 1,113.6 billion yuan, a decrease of 10.8% year-on-year, while overseas contracts increased by 1.9% to 94.88 billion yuan [2] - The net profit attributable to shareholders for 2025 is projected to drop to approximately 3.3 billion yuan, following a trend of declining profits over the past three years: 10.276 billion yuan in 2022, 8.670 billion yuan in 2023, and 6.746 billion yuan in 2024 [3] Business Structure and Strategy - China MCC operates a diversified business model centered around metallurgical construction, with a focus on real estate and municipal infrastructure as primary segments, and mining resources, engineering services, new materials, high-end equipment, and energy conservation as secondary features [2] - The company is seeking to optimize its business structure by divesting non-core assets, including its real estate business and certain non-ferrous resource operations, for a transaction price of 60.676 billion yuan [4][5] - Following the divestiture, China MCC plans to concentrate on metallurgical engineering, non-ferrous and mining engineering, high-end infrastructure, industrial construction, and emerging industries to foster high-quality development and create new growth momentum [5]