Metallurgical Corporation of China Ltd.
1618Company Overview
As the largest and only A+H listed company under China Minmetals, China Metallurgical is the world's largest and strongest metallurgical construction contractor and metallurgical enterprise operation and service provider; it is one of the key resource enterprises determined by the country; it is one of the 16 central enterprises with the largest domestic production capacity; it is also one of the 16 central enterprises with real estate development as the main business determined by the State Council's State-owned Assets Administration Commission; it is also the main force of infrastructure construction in China. It created the famous “Shenzhen Speed” in the early stages of reform and opening up, and ranked 6th in the “Top 250 Global Contractors” published by ENR in 2022. China Metallurgical aims to strive for “one innovation, two greatest five”, adhere to integrity and innovation, and accelerate integrated development. According to the strategic position of “being a world-class metallurgical construction national team, the main force, pioneer, leader and pioneer in emerging industries, and adhering to the path of high-tech, high-quality innovation and development for a long time”, China Metallurgical has always stood at a high level at the international level and at the height of the development of the entire metallurgical industry, with world-class core technology, continuous innovation and development, independent and controllable capabilities, and irreplaceable integrated advantages of the entire metallurgical industry chain. Greening, greening, low The responsibility of a “steel power” for carbonized and efficient development; always relied on excellent scientific research, survey, design, and construction capabilities to accelerate transformation and upgrading, and build a “four beams and eight pillars” integrated business system to become the leading force in national infrastructure; always using innovation as a new engine and new driving force for enterprise development, taking on the heavy responsibility of being a breakthrough, innovator, and leader in the development of the country's emerging industries, and continuously creating a beautiful new “business card” to promote sustainable development under the new normal. As a national innovative enterprise, the company has 5 comprehensive design grade A qualifications and 42 general construction general contracting special qualifications, including 5 subsidiaries with 4 special general construction contracting qualifications, 3 subsidiaries with 3 special general construction contracting qualifications, and 4 subsidiaries with 2 special general construction contracting qualifications, ranking among the top in the country. The company has 28 national science and technology research and development platforms, with more than 47,000 active patents, and has received 84 Chinese patent awards since 2009 (of which 2015-2017 won the Chinese Patent Gold Award for three consecutive years), 55 national science and technology awards since 2000, 63 international standards have been issued, and 602 national standards have been issued. The company's total of 135 projects received the China Construction Engineering Luban Award (including participation in construction), 288 projects received the National Quality Engineering Award (including participation in construction), a total of 27 projects received the China Civil Engineering Zhan Tianyou Award (including participation in construction), and 913 projects received the Metallurgical Industry Engineering Quality Outstanding Achievement Award and the Metallurgical Industry Quality Engineering Award (including participation in construction). The company has 60,000 engineers and technicians, 1 academician from the Chinese Academy of Engineering, 13 national engineering survey and design masters, 5 engineering experts with 10 million talents from the country, and more than 400 personnel receiving special allowances from the State Council government. At the same time, the company has 3 winners of the China Skills Awards, 3 gold medalists in the WorldSkills Competition, 77 national technical experts, and 6 national skill master studios. China Metallurgical was listed on the main boards of the Shanghai Stock Exchange and the Hong Kong Stock Exchange on September 21, 2009 and September 24, 2009, respectively. Currently, the Company's A shares have been included in the SSE Central Enterprise Index, the MSCI Concept Index, the SSE 180 Stability Index, the 300 Innovation Index, etc.; H shares have been included in the Hang Seng Composite Index, the Hang Seng Shanghai-Shenzhen-Hong Kong Stock Exchange Index, and the Bloomberg ESG Data Index.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
Name | Metallurgical Corporation of China Ltd. |
Ticker | 1618 |
Main Business | Engineering & Construction |
Type | Common Stock |
Industry | Engineering & Construction |
Country | HK |
Market Cap | $4.04 B |
Shariah Analysis Breakdown
Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
---|---|---|---|
Engineering contract | $315,850.0 | $0.0 | - |
Real estate development | $7,780.0 | $0.0 | - |
Equipment manufacturing | $6,510.0 | $0.0 | - |
Resource development | $4,160.0 | $0.0 | - |
Other | $165.5 | $0.0 | - |
Interest income | $-2,423.3 | $-2,423.3 | - |
Total | $332,042.2 | $-2,423.3 | -0.74% (passed) |
Liability Item | Value ($M) | % of Market Cap |
---|---|---|
short term borrowing | $3,952,380,952.4 | 97.89% |
notes payable | $4,442,577,030.8 | 110.03% |
long term bank loan | $4,785,714,285.7 | 118.52% |
Total Interest-Bearing Debt | $13,180,672,268.9 | 326.44% |
Market Capitalization | $4,037,743,589.7 | 100.00% |
Compliance Status | Threshold: 33% | failed |