OREANDA-NEWS. September 23, 2014. The Communication Conferences on Interim Results of 2014 of MCC were respectively convened in Beijing and Hong Kong.

Chairman Guo Wenqing, President Zhang Zhaoxiang and the other relevant leaders of MCC were present at the meetings, and conducted face-to-face communication with dozens of domestic and overseas investors, analysts and financial media agencies. The conferences were presided over by Chairman Guo Wenqing.

In the first half of 2014, MCC attached great importance to the political and economic environment, the large platform, the major market, project and clients. As a result, the market exploration has brought about obvious achievements, the accumulated value of the newly-signed contract was increased by 62.1% than that in the corresponding period of last year.

MCC also redoubled efforts in enhancement of the overall lean management of the enterprise, made active adjustment on resources development methods, laid emphasis on collection of account receivable and inventory, and conduct risk prevention through lean management. MCC revitalized the stock assets for stable operation, made overall rationalization on the existing project, adopted various measures for appropriate utilization of precipitation funds, and increased the utilizing efficiency and benefit of both the funds and the assets. With the aim to improve the development quality and the benefits of the core businesses, MCC intensified endeavors in innovation, market and product transformation, as a result, the business scale and the revenue growth space have been expanded.

In the first half of 2014, MCC achieved an operating income of RMB 96.17 billion yuan, increased by 5.5% than that in the corresponding period of last year; a net profit attributable to the shareholders of the parent company of RMB 1.81 billion yuan, increased by 22.2% than that in the corresponding period of last year. Thus it is proved that MCC has maintained a strong growth momentum with a positive prospect.

At the Communication Conferences, Chairman Guo Wenqing emphasized that, the contract should be taken as the foundation for benefit growth. Against the background of the sluggish market for metallurgical industry, MCC has achieved benefit increasing in spite of the weak market, which should be ascribed to the endeavors made by MCC in mastering market opportunities, undertaking market transformation and exploration of regional markets. In the next stage, MCC will fully utilize the opportunities generated by the integrated development of Beijing, Tianjin and Hebei Province, and step onto a faster track for business growth. With regard to the mixed ownership reform, Chairman Guo Wenqing pointed out that, MCC will undertake the reform step by step on a trial basis, sticking to the principle that small companies and large projects shall enjoy the priority, so as to take advantage of the leading role and controlling force of the capital, and maximize the function of state-owned capital to its largest extent.

Afterwards President Zhang Zhaoxiang made a briefing on the specific business sectors concerned by the investors, analysts and financial media agencies. BOD Secretary Kang Chengye gave an introduction to the general information on the interim results and business development of MCC. Then they answered questions raised by domestic and overseas investors, analysts and financial media agencies in respect of business operation, financial performance, business development and reform measures.

The Performance Communication Team of MCC respectively visited 16 institutional investors from Hong Kong and Singapore from September 1 to September 3, 2014, including Zhongcai Financial Investment Co., Ltd., Allianz Global Investors, Value Partners and COVEC Finance. They conducted one-to-one full communication with these investment organizations on the operational performance and the business development situation of MCC. The institutional investors spoke highly of the effective measures taken by the new management team of MCC for enhancement of operational performance, promotion of reform and reduction of operational costs, gave full recognition to the clear positioning of MCC’s core businesses, and looked to the future of MCC with full confidence. From the viewpoints of investor, they also put forward pertinent suggestions to MCC on the future development, capital operation and the other issues of market value management.