China Nonferrous Metal Industry's Foreign Engineering and Construction Company disclosed its engineering contracting business performance for the second quarter of 2026. In Q2, it signed three new project contracts with a total value of RMB 24.3995 million. As of the end of Q2 2026, the company had 27 uncompleted project contracts in execution, with a total contract value of RMB 29.942 billion. There was one signed but not yet effective project contract worth RMB 9.628 billion, and three projects awarded but not yet signed, with a total contract value of RMB 380 million. Regarding major projects under execution, the Amman copper smelter project in Indonesia has a contract value of RMB 6.561 billion and is 99.97 percent complete. The Amman copper concentrator expansion project in Indonesia has a contract value of RMB 3.075 billion and is 99.77 percent complete. The Dak Nong electrolytic aluminum project in Vietnam has a contract value of RMB 4.196 billion, with Phase I and Phase II 77.45 percent complete. None of these projects have experienced delays in settlement or payment collection as stipulated in the contracts, and there have been no material changes in the counterparties' ability to perform.
China Nonferrous Metal Industry’s Foreign Engineering and Construction Co LtdCompany signed new contracts and has large backlog of uncompleted projects, indicating sustained demand for its engineering services.