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    1618   CNE100000FF3

METALLURGICAL CORPORATION OF CHINA LTD.

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Delayed Hong Kong Stock Exchange  -  05/27 04:08:54 am EDT
1.960 HKD   -0.51%
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Metallurgical of China : Steel Structure of Phase I Nanjing Jiangbei New Financial Center Project by MCC Steel Structure Starts Construction

01/06/2022 EDT

Steel Structure of Phase I Nanjing Jiangbei New Financial Center Project by MCC Steel Structure Starts Construction

+ . -

  On January 5, the steel structure of the second section of phase I Nanjing Jiangbei New Financial Center project contracted by MCC Steel Structure started construction.

  Jiangbei New Financial Center is located in the core area of the CBD of Jiangbei New District, Nanjing, and will be constructed in two phases. MCC Steel Structure has undertaken the production and installation of all the steel structures for a 150-meter-high tower and a 100-meter-high tower. The first phase is expected to be completed in 2023. After completion, it will focus on new financial formats such as financial asset management, regional equity trading, technology and finance and insurance innovation to support the new district to speed up the construction of the new financial cluster along Yangtze River and to build a national first-class New Financial Center.

  Following the simple but solemn spirit of "waste no day and never stop progressing", the project team of MCC Steel Structure will efficiently perform the contract in strict accordance with the company's five policies and five goals on project management. It will also ensure the safe, quality and efficient completion of the project to the satisfaction of all parties.

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Metallurgical Corporation of China Ltd. published this content on 06 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 January 2022 01:34:05 UTC.


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Financials
Sales 2022 718 B 91 481 M 91 481 M
Net income 2022 11 904 M 1 517 M 1 517 M
Net Debt 2022 19 221 M 2 449 M 2 449 M
P/E ratio 2022 3,37x
Yield 2022 6,07%
Capitalization 79 674 M 10 150 M 10 150 M
EV / Sales 2022 0,14x
EV / Sales 2023 0,11x
Nbr of Employees 97 972
Free-Float 44,9%
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Number of Analysts 2
Last Close Price 1,96 HKD
Average target price 2,94 HKD
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Managers and Directors
Meng Xing Zhang President & Executive Director
Hong Ying Zou VP, Chief Accountant & Financial Officer
Si Song Yin Chairman-Supervisory Board
Jian Guang Chen Chairman
Ji Chang Zhou Independent Non-Executive Director