China Metallurgical Group released its 2026 interim report, showing first-half net profit attributable to the parent down 24.9% year on year to 2.33 billion yuan. Operating revenue was 175.91 billion yuan, down 25.9% year on year. Net profit attributable to the parent excluding non-recurring items was 1.71 billion yuan, down 26.6%. Net operating cash flow was negative 22.801 billion yuan, down 3.7% year on year. Earnings per share were 0.1124 yuan. In the second quarter, operating revenue was 83.7 billion yuan, down 27.4% year on year. Net profit attributable to the parent was 693 million yuan, down 53.5%. Net profit attributable to the parent excluding non-recurring items was 216 million yuan, down 70%. As of the end of the second quarter, total assets were 806.794 billion yuan, down 3.9% from the end of the previous year. Net assets attributable to the parent were 156.68 billion yuan, up 0.6% from the end of the previous year. The company said that in the first half it implemented top-level design for the 15th Five-Year Plan, strengthened its core metallurgical construction business, promoted a shift toward quality and efficiency, maintained leadership in metallurgical engineering, nonferrous metals and mining engineering, and increased market development in industrial construction and infrastructure.
Metallurgical Corporation of China LtdFirst-half net profit attributable to parent fell 24.9% to 2.33 billion yuan, with Q2 profit down 53.5%.
