MCC Shares Jump Over 5% in Morning Trading as Huatai Securities Maintains "Buy" Rating

Deep News11-02 12:10

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Simulated trading client. MCC (01618) shares rose after its earnings release. As of press time, the stock is up 5.12%, trading at HK$1.34, with a turnover of HK$13.24605 million.

MCC's 2026 third-quarter report shows that in the first three quarters, the company achieved operating revenue of RMB 252.827 billion, down 24.55% year-on-year; net profit attributable to shareholders of the parent company was RMB 3.458 billion, down 12.91% year-on-year. Among this, third-quarter single-quarter operating revenue was RMB 76.92 billion, down 21.16% year-on-year; single-quarter net profit attributable to shareholders of the parent company was RMB 1.131 billion, up 29.92% year-on-year and up 63% quarter-on-quarter.

Huatai Securities believes that MCC's third-quarter profit exceeded the firm's expectations (RMB 780 million), mainly due to gross margin stabilizing year-on-year and impairment provisions narrowing significantly. Considering that the company is a leading domestic metallurgical construction player, it is expected to benefit if macroeconomic demand improves in the future. The firm maintains its "Overweight"/"Buy" rating on the A/H shares.

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