HK Stock Market Move | Metallurgical Corporation of China (01618) falls nearly 4%, expected to see a drop of over 50% in net profit attributable to the parent in 2025 compared to the previous year.

Metallurgical Corporation of China (01618) fell nearly 4%, dropping 3.83% as of the time of publication, closing at 1.76 Hong Kong dollars, with a turnover of 76.09 million Hong Kong dollars. In terms of news, on the evening of January 16th, Metallurgical Corporation of China announced that, based on preliminary calculations by the company's finance department, it is anticipated that the company will achieve profitability in 2025. However, the net profit attributable to the owners of the parent company is expected to decline by more than 50% compared to the same period last year. The main reasons are due to losses in the company's real estate business in 2025, as well as increased provisions for impairment of various assets such as inventory, fixed assets, and investment properties. In addition, the company's income has declined due to the downturn in the construction industry.