Changes in Hong Kong stocks | China Metallurgical (01618) fell nearly 6%, net profit to mother in the second quarter fell year-on-year, and the company optimized its business structure and returned to the main business

The Zhitong Finance App learned that China Metallurgical (01618) fell nearly 66%. As of press release, it was down 5.88% to HK$1.36, with a turnover of HK$15.785,500.

According to the news, China Metallurgical announced its 2026 interim results. The group achieved operating income of 175.907 billion yuan during the period, a year-on-year decrease of 25.94%; net profit attributable to shareholders of listed companies was 2,326 billion yuan, a year-on-year decrease of 24.95%. Looking at the second quarter alone, the company achieved revenue of 83.703 billion yuan, a year-on-year decrease of 27.38%; net profit to mother for the single quarter was 693 million yuan, a year-on-year decrease of 53.53%.

Regarding the decline in revenue, the company explained that it was due to actively optimizing the business structure, returning to the main business, and focusing on profitable and cash-flowing businesses. Specifically, in the first half of the year, main business revenue fell 29.2%, and core business revenue fell 5.11%.