Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
WARNING ANNOUNCEMENT ON RESULTS FOR THE YEAR 2011
This announcement is made pursuant to Rule 13.09 of the Rules
Governing the Listing of
Securities on The Stock Exchange of Hong Kong Limited.
The board of directors (the "Board") of Metallurgical
Corporation of China Ltd.* (the "Company") hereby issues this
warning announcement on the annual results for the year ended
31 December 2011 of the Company and its subsidiaries.
The Board of the Company hereby notifies shareholders of the
Company and potential investors that, MCC Huludao Nonferrous
Import & Export Group Co., Ltd., a
51.06%-owned subsidiary of the Company, which primarily
engages in the smelting and value-added processing of
nonferrous metals such as zinc and copper, has continued to
suffer losses due to factors including the decline in the
market price of zinc and continued low processing fees. In
addition, the profits of the property business of the Company
have
decreased due to external related factors.
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According to preliminary assessment on the Company's
operation and financial conditions for the year 2011, as a
result of the above major factors, the net profit
attributable to shareholders of the Company for the year 2011
is expected to decrease by 20-30% as compared with the year
2010 (RMB5,320,780,000, based on the assessment under the PRC
GAAP).
The Board of the Company wishes to remind investors that the
audited annual results for the year ended 31 December 2011 of
the Company are still under preparation. The above figures
are only preliminary estimates of the Company and the
relevant accounts are yet to be audited by the Company's
accountants. The actual results and other financial
information of the Company will be reflected in the audited
annual results for the year ended 31 December 2011 as
disclosed by the Company in due course.
By order of the Board Metallurgical Corporation of China Ltd.* Kang Chengye
Joint Company Secretary
Beijing, the PRC
30 January 2012
As at the date of this announcement, the board of directors of the Company comprises two executive directors, Mr. Wang Weimin and Mr. Shen Heting; two non-executive directors, Mr. Jing Tianliang and Mr. Guo Wenqing; and five independent non-executive directors, Mr. Jiang Longsheng, Mr. Wen Keqin, Mr. Liu Li, Mr. Chen Yongkuan and Mr. Cheung Yukming.
* For identification purpose only
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distribué par | Ce noodl a été diffusé par Metallurgical Corporation of China Ltd. et initialement mise en ligne sur le site http://www.mccchina.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-30 14:51:10 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
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