Metallurgical Corporation of China (01618) released its annual performance forecast for 2025, expecting net profit to decrease to 1.3 billion to 1.6 billion yuan, a year-on-year decrease of 76.28% to 80.73%.

Metallurgical Corporation of China (01618) released its 2025 annual performance forecast. According to preliminary calculations by the finance department, it is expected that the net profit attributable to the shareholders of the listed company in 2025 will be between RMB 13.00 billion and RMB 16.00 billion. Compared with RMB 67.46 billion in the same period last year, this represents a decrease of RMB 51.46 billion to RMB 54.46 billion, a year-on-year decrease of 76.28% to 80.73%. It is expected that the net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses in 2025 will be between RMB 4.00 billion and RMB 6.00 billion. Compared with RMB 51.03 billion in the same period last year, this represents a decrease of RMB 45.03 billion to RMB 47.03 billion, a year-on-year decrease of 88.24% to 92.16%. The company's operating performance has declined, mainly due to losses in the real estate business in 2025. The company is also expected to make provisions for impairment of various assets, including inventories, fixed assets, and investment properties, exceeding RMB 26 billion. In addition, the company's revenue has declined due to the downturn in the construction industry. In 2026, as the disposal of assets in the real estate business is basically completed, the company will gradually overcome the drag of losses in the real estate business. Combined with the "15th Five-Year Plan" and the strategic adjustment of the business structure, the company will focus on building a diversified business system around the "one core, two main bodies, five characteristics" strategy. It will plan the top-level design of science and technology industrial projects, promote deep integration of technological innovation and industrial innovation, open up new tracks, create new engines, and help the company achieve high-quality development and enhance long-term performance levels.