Metallurgical Corporation of China (601618.SH): It is expected that the attributable net profit to the parent company in the year 2025 will decrease by more than 50% compared to the same period of the previous year.

Metallurgical Corporation of China (601618.SH) announced that, according to preliminary calculations by the company's finance department, it is expected to achieve profitability in 2025. However, the net profit attributable to the owners of the parent company is expected to decrease by more than 50% compared to the same period last year. This is mainly due to the company's loss in the real estate business in 2025, as well as increased provisions for impairment of various assets such as inventory, fixed assets, and investment properties. Additionally, the company's revenue has declined due to the downturn in the construction industry. In 2026, as the disposal of real estate business assets is expected to be mostly completed, the company will gradually overcome the drag of the real estate business performance losses. With the "15th Five-Year Plan" and the strategic adjustment of business structure, the company plans to build a diversified business system focusing on "one core, two main bodies, and five features." The company will plan the top-level design of technology industry projects, promote the deep integration of technological innovation and industrial innovation, explore new tracks, create new engines, and support the company in achieving high-quality development and improving long-term performance levels.