Metallurgical Corporation of China (1618) Q1 2026 earnings summary

Executive summary

• Operating revenue for Q1 2026 was RMB92.20 billion, down 24.59% year-over-year, while net profit attributable to shareholders rose 1.59% to RMB1.63 billion.

• New contracts signed totaled RMB206.10 billion, a 10.6% decrease year-over-year; overseas contracts grew 9.6% to RMB13.19 billion.

Financial highlights

• Total profit for Q1 2026 was RMB2.37 billion, down 9.10% year-over-year.

• Net profit after deducting non-recurring items was RMB1.49 billion, a 7.19% decrease year-over-year.

• Basic and diluted EPS remained at RMB0.08.

• Net cash flow from operating activities was negative RMB25.07 billion, similar to last year.

• Total assets at quarter-end were RMB825.44 billion, down 1.67% from year-end 2025.

• Owners' equity attributable to shareholders increased 0.98% to RMB157.28 billion.

Outlook and guidance

• The company continues to secure new contracts, with a focus on overseas expansion as evidenced by the increase in overseas contract value.