HK Stock Market Move | Metallurgical Corporation of China (01618) fell nearly 6%, with the net profit attributable to shareholders in the second quarter halved year-on-year. The company is optimizing its business structure to return to its core operations.

Metallurgical Corporation of China (01618) fell nearly 66%. As of the time of writing, it dropped by 5.88%, trading at HKD 1.36, with a transaction volume of HKD 15.7855 million. In terms of news, Metallurgical Corporation of China announced its interim results for 2026, reporting an operating income of RMB 175.907 billion for the period, a decrease of 25.94% year-on-year; net profit attributable to shareholders of the listed company was RMB 2.326 billion, down 24.95% year-on-year. In the second quarter alone, the company achieved revenue of RMB 83.703 billion, a year-on-year decline of 27.38%; the net profit attributable to the parent company for the quarter was RMB 0.693 billion, a decrease of 53.53% year-on-year. Regarding the revenue decline, the company explained that it was due to a proactive optimization of the business structure, a return to its core operations, and a focus on businesses with effective benefits and cash flow. Specifically, in the first half of the year, the primary business revenue dropped by 29.2%, while core business revenue fell by 5.11%.