On August 30th and September 6th, MCC convened the 2016 Interim Performance Communication Meeting in Beijing and Hong Kong. MCC Executive Director and President Zhang Zhaoxiang led all the management levels and related department heads to attend the press conference, and conducted face-to-face exchanges with over 80 domestic and overseas investment organizations such as Huatai Securities, Morgan Stanley, Harvest Fund and analysts, as well as over 20 financial and economic media groups such as the China Securities Journal and Hong Kong Economic Times. All the seats at the communication meeting venue were occupied with swarming crowds, fully showing the warm attention of the current capital market for the Company.
Continuing its good situation with the operating performance of 2015 hitting a new high yet again, during the first half of 2016, MCC’s business structure continued upgrading to realize the net profit of affiliated listed companies’ shareholders reaching RMB 2.42 billion, with a year-on-year growth of 11.2%. The performance showed strong growth in new energy, and the newly signed contract amount was RMB 244.24 billion, with a year-on-year growth of 37.8%. The proportion of newly signed non-metallurgical engineering contracts in the newly signed contract amount was 89.8%, and the amount of newly signed overseas engineering contracts had a year-on-year growth of 1.5 times. The MCC Group with MCC as its core capital was rated as a Class A enterprise for the first time in the results of the business performance evaluation for central enterprises’ principals in 2015 by SASAC.
At the communication meeting, the Company's management expressed sincere thanks for the concern, understanding and support constantly given by its investors, analysts and financial and economic media, and explained the business development situations of the Company that concerned them. President Zhang Zhaoxiang pointed out that in the first half of 2016, in the general de-capacity background of the steel and iron industry domestically and overseas and the strict and complex economic situation, the Company’s performance realized stable progress. Currently, the strategic recombination between the Company’s controlling shareholders the MCC Group and China Minmetals is accelerating. MCC is also due to enter a new stage of comprehensive promotion and development. The Company will confirm its strategic guidance, strengthen its management and control, and continue its transformation and upgrading, persisting in creating greater value for its investors in accordance with the new strategic positioning of being the 'national team of metallurgical construction, the main force of capital construction and the pacesetter of emerging industries, insisting on taking the path of high-tech construction in the long term'.
From August 31st to September 14th, the Company's Performance Road Show Team respectively arrived in Shanghai, Shenzhen, Guangzhou, Hong Kong, and New York in America, visited investors from 50 institutions including Huaan Funds, Rosefinch Investment, HSBC Asset and Indus Capital, carried out many one-to-one exchanges and discussions with institutional investors in terms of such concrete situations as the Company’s achievements in the first half of 2016, new strategic positioning and future business expectations, and earnestly listened to the suggestions of investors concerning the Company’s development. Along with the Company’s new strategic positioning of being the 'national team of metallurgical construction, the main force of capital construction and the pacesetter of emerging industries, insisting on taking the path of high-tech construction in the long term' being gradually carried forward and carried out, the investors generally accepted the Company’s future development direction, and their confidence in the Company’s development was reinforced.
2016 Interim Performance Communication Meeting (Share A)
2016 Interim Performance Communication Meeting (Share H)