Metallurgical Corporation of China Wins Shareholder Backing at 2026 Extraordinary Meeting

TipRanksMay 8 20:49

China Metallurgical Group Corporation (MCC) (01618): Zhongze Li has been appointed as an executive director.

China Metallurgical Group Corporation (CMCC) (01618) announced that at the extraordinary general meeting, Mr. Li Zhongze was appointed as an executive director of the third board of directors of the company, and Mr. Chen Yang was appointed as an executive director of the third board of directors of the company, with their respective terms commencing on May 8, 2026.

Zhitong FinanceMay 8 20:33

China Metallurgical Group Corporation (CMCC) (01618): As of the end of April, a total of 50.2775 million A-shares and 19.637 million H-shares have been repurchased.

China Metallurgical Group Corporation (CMCC) (01618) announced the progress of its A-share repurchase: As of April 30, 2026, the company has repurchased 50.2775 million A-shares through the Shanghai Stock Exchange system using centralized competitive bidding. The repurchased A-shares account for 0.2426% of the company's total share capital. The highest purchase price was RMB 3.25 per share, the lowest purchase price was RMB 3.01 per share, and the total transaction amount was RMB 159.5 million (excluding transaction fees).

Zhitong FinanceMay 7 17:48

Huatai Securities raised its target price for China Metallurgical Group Corporation (01618.HK) to HKD 1.92, citing a reversal in the declining trend of net profits.

Huatai Securities issued a report stating that China Metallurgical Group Corporation (01618.HK) reported first-quarter revenue of RMB 92.204 billion (hereinafter the same), representing a year-on-year decrease of 24.59% and a quarter-on-quarter decline of 23.35%. Net profit amounted to RMB 1.633 billion, increasing by 1.59% year-on-year and surging 161.65% quarter-on-quarter. Excluding non-recurring items, net profit was RMB 1.491 billion, marking a year-on-year decrease of 7.19%. Considering the company’s divestment of non-core business assets and reduced drag from its real estate segment, future performance is expected to improve as the company streamlines operations. The first-quarter net profit has reversed the previous downward trend and achieved growth. Huatai Securities maintains its 'Overweight' rating for China Metallurgical Group Corporation (601618.SH) A-shares and a 'Buy' recommendation for its H-shares.

AASTOCKSMay 4 10:33

China Metallurgical Group Corporation (601618): Net profit reverses declining trend

China Metallurgical Group Corporation released its Q1 2026 report, achieving revenue of 92.204 billion yuan (yoy -24.59%, qoq -23.35%) and net profit attributable to shareholders of 1.633 billion yuan (yoy +1.59%,

Huatai SecuritiesMay 1 00:00

China Metallurgical Group Corporation: First Quarter Report for 2026

SZSIApr 30 00:00 · Announcements