Trade Metallurgical Corporation of China Ltd. - 1618 CFD

Metallurgical Corp Company profile

About Metallurgical Corporation of China Ltd.

Metallurgical Corporation of China Ltd. is a China-based company principally engaged in the engineering construction related businesses. The Company’s businesses mainly include the engineering contracting, real estate development, resources development and equipment manufacturing. The Company's engineering contracting businesses mainly include the metallurgical engineering, municipal engineering, transportation facilities and urban infrastructure construction, among others. Its real estate development businesses mainly include the development and construction of commercial and residential real estates. Its resource development businesses mainly include the mining and processing of iron, copper, nickel, lead and zinc, among others. Its equipment manufacturing businesses mainly include the manufacturing of metallurgical equipments and steel structures.

Financial summary

BRIEF: For the nine months ended 30 September 2021,Metallurgical Corporation of China Ltd. revenues increased30% to RMB349.49B. Net income applicable to commonstockholders increased 37% to RMB5.39B. Revenues reflect anincrease in demand for the Company's products and servicesdue to favorable market conditions. Net income benefitedfrom Credit Impairment Loss decrease of 28% to RMB1.93B(expense).