Zhi Tong Cai Jing·2026-01-23 13:46Core Viewpoint - China Metallurgical Group Corporation (China MCC) is forecasting a significant decline in net profit for the year 2025, primarily due to losses in its real estate business and substantial asset impairment provisions [1][2] Group 1: Financial Performance - The company expects a net profit attributable to shareholders of between RMB 1.3 billion and RMB 1.6 billion for 2025, a decrease of RMB 51.46 billion to RMB 54.46 billion compared to RMB 6.746 billion in the previous year, representing a year-on-year decline of 76.28% to 80.73% [1] - The projected net profit after deducting non-recurring gains and losses is estimated to be between RMB 400 million and RMB 600 million, down from RMB 5.103 billion in the previous year, indicating a reduction of RMB 45.03 billion to RMB 47.03 billion, or a decline of 88.24% to 92.16% year-on-year [1] Group 2: Business Challenges - The decline in operating performance is attributed to losses in the real estate sector, with expected asset impairment provisions exceeding RMB 26 billion for inventory, fixed assets, and investment properties [1] - The construction industry downturn has also contributed to a decrease in the company's revenue [1] Group 3: Future Outlook - In 2026, the company anticipates gradually overcoming the losses from its real estate business as asset disposal efforts are completed [2] - The company plans to focus on a diversified business system centered around "one core, two main bodies, and five characteristics," aiming to integrate technological innovation with industrial innovation to foster high-quality development and improve long-term performance [2]