Metallurgical Corporation Of China Ltd. (601618.SH) recently released its 2025 annual report. The disclosed financial data shows the company achieved operating revenue of 455.38 billion yuan, a year-on-year decrease of 17.51%. Net profit attributable to shareholders was 1.322 billion yuan, falling by 80.41% compared to the previous year. Basic earnings per share were 0.002 yuan, equivalent to 0.2 yuan per lot of shares.
Concurrently, MCC's stock performance in the secondary market during 2025 was volatile with intensified fluctuations. Starting from around 3.25 yuan at the beginning of the year, the stock initially rose alongside the overall strength of the non-ferrous metals sector, reaching a peak of 4.3 yuan in early October 2025. Subsequently, the stock experienced a minor correction following the short-term impact of the complete divestiture of its mining assets and real estate development businesses. By the end of 2025, the stock closed at 2.97 yuan, representing a modest decline of 8.21% for the full year.
In the same year, the CSI 300 Index saw only a slight increase of 17.68%, while the SSE 180 Index rose by a modest 15.9%. Amid significant overall volatility in the A-share market, MCC successfully achieved stable stock performance, serving as a "ballast" for stabilizing investor expectations and returns.
The latest 2025 annual report further reveals a world-class investment and construction group with strong value creation capabilities, market competitiveness, innovation drive, resource allocation efficiency, and cultural influence.
Despite the 80% drop in net profit and increased stock price volatility, the annual report conveys a sense of inspiration. This is particularly evident in the "Chairman's Statement" section, where MCC Chairman Chen Jianguang delivered several impactful messages. Key opening sentences from each part of the statement, which were emphasized, are excerpted below:
In 2025, we advanced under pressure, solidifying our development foundation through dedicated action. In 2025, we focused on our core businesses, forging competitive advantages through structural reshaping. In 2025, we deepened our presence in strategic markets, building our brand legacy through foundational reinvention. In 2025, we intensified innovation, driving industrial upgrade with technological strength.
Despite the profit decline and stock volatility, the four parts of the Chairman's Statement portray an MCC that has "consolidated the foundation for long-term development," "continuously optimized its supply chain cooperation ecosystem," "achieved dual enhancement in technological innovation and industrial competitiveness," and "opened up new space for high-quality development."
The final sentence of the Chairman's Statement remains particularly鼓舞人心: "MCC will keep in mind the mission of a central state-owned enterprise and bravely shoulder the responsibilities of the era. With the resilience to withstand adversity and the courage to overcome challenges, we will work in unity with all shareholders to navigate difficulties. Through solid action, we will write a progressive answer sheet for high-quality development, repaying the trust and support of all shareholders and society with excellent performance, and contributing MCC's strength to serving national strategies, promoting industry advancement, and achieving Chinese-style modernization."
Comments