Hong Kong Stock Movement: MCC (01618) Rises Nearly 5% as Q3 Net Profit Jumps Almost 30% Year-on-Year, Impairment Provisions Narrow Markedly

Stock News10:16

MCC (01618) shares climbed after the company released its results, rising 4.72% to HK$1.33 as of press time, with a turnover of HK$9.0671 million.

According to the company's 2026 third-quarter report, MCC recorded revenue of RMB 252.827 billion in the first three quarters, down 24.55% year-on-year, while net profit attributable to shareholders reached RMB 3.458 billion, down 12.91% year-on-year.

For the third quarter alone, revenue came in at RMB 76.92 billion, down 21.16% year-on-year, while quarterly net profit attributable to shareholders 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 its expectation of RMB 780 million, mainly due to a year-on-year stabilization in gross margin and a marked narrowing of impairment provisions.

Considering the company's position as a leading domestic metallurgical construction player, it is expected to benefit if macroeconomic demand improves in the future. The brokerage maintains its "Overweight" rating on the A-shares and "Buy" rating on the H-shares.

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