Metallurgical Corporation of China Ltd. (MCC) disclosed that newly-signed contracts in the second quarter of 2026 reached RMB 207.54 billion, a year-on-year decline of 34.6%. This pulled first-half 2026 contract value to RMB 413.64 billion, down 24.5% from the same period last year.
Quarterly performance weakened across key segments. Principal business—covering industrial and capital construction—fell 31.6% year on year to RMB 126.98 billion. Within this, capital construction slumped 36.2% to RMB 90.24 billion, while industrial construction contracted 20.6% to RMB 36.74 billion. Core business generated RMB 54.36 billion, flat versus the prior year in ferrous metallurgy (+23.0%) but sharply lower in non-ferrous metallurgy (–53.8%) and mining (–3.9%). Featured business, which includes engineering services, new materials and digital intelligence applications, contributed RMB 24.87 billion, down 22.6%.
For the January–June period, principal business remained the largest contributor at RMB 256.00 billion, declining 29.8% year on year. Core business delivered RMB 104.03 billion, easing 6.9%. Growth in ferrous metallurgy (+23.0% to RMB 61.72 billion) partially offset contractions in non-ferrous metallurgy and mining. Featured business added RMB 47.71 billion, down 22.6%, while other activities totaled RMB 5.89 billion, a 40.6% decrease.
The company reported no stalled major projects as of 30 June 2026. All figures are preliminary and may differ from data in forthcoming periodic reports.
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