OREANDA-NEWS. April 16, 2014. MCC Limited released the Annual Report of 2013 on March 28, 2014. Afterwards, the Communication Conferences on Operational Performance of 2013 were respectively convened in Beijing for A-share on March 28 and in Hong Kong for H-share.

In addition, visits were conducted to overseas investment institutions in HK.

Chairman Guo Wenqing, President Zhang Zhaoxiang, the senior management members and the relevant department heads were present at the press conference. Representatives and analysts from over 20 domestic and overseas institutional investors (such as Shenyin Wanguo Securities, Haitong Securities and HSBC), as well as representatives from more than 20 domestic and overseas news agencies (such as China Securities Journal and Economic Daily), took part in the conferences held in the two cities.

At the Communication Conferences on A-share and H-share Performance, BOD Secretary Kang Chengye made a briefing on the operational performance and business development of MCC in 2013. Then MCC leaders communicated with the representatives from the domestic and overseas investors, analysts and news agencies, and answered questions put forward by them on the operational performance, financial performance, development strategy and reforming measures of MCC. In addition, they exchanged views on the hot topics in the market, for instance, the reform of state-owned enterprises.

Chairman Guo Wenqing attached great importance to the Communication Conferences, and conducted communication and view-exchanges in person with the domestic and overseas investors, analysts and news agencies. He also expressed gratitude to all of them for their long-lasting concern, understanding and support extended to MCC.

Guo Wenqing mentioned at the conference that, MCC Group once got deeply stuck in the low ebb with heavy burden and downturn in benefits, and faced great difficulties for enterprise development. Such a situation mainly derived from various factors, for example, the tough economic conditions on domestic and international markets, mindless merging and reorganization of enterprises.

In the face of unprecedented difficulties and tough situation, the management team of MCC led all the employees to launch a great campaign on deepening reform in two ways: (i) resolving the major historical burden; and (ii) redoubling efforts on reform, transformation, management and boosting growth, with the aims to conquer difficulties and realize self-rescue. Thanks to the continuous endeavors made in nearly two years, the shackles restricting enterprise development have been basically tackled, and thus MCC Group has achieved a rebirth and led itself out of its doldrums.

In 2013, MCC realized net profit belonging to parent company with an amount of RMB 3 billion yuan, making up deficits and increasing surpluses by RMB 9.9 billion yuan, which was deemed to be a gorgeous turn of the operational performance. In this view, MCC has realized a good start in line with the vision of “Focusing upon core businesses in building a better MCC”. Chairman Guo Wenqing emphasized that, the year of 2014 would be a key year for laying consolidated foundation of the company. Taking the opportunity of turning losses into gains, MCC will focus upon the core business sector, recreate the integrated core advantages, take steady step and make persistent efforts to achieve much better results for the capital market and the investors.

During the visit in Hong Kong, Chairman Guo Wenqing and President Zhang Zhaoxiang respectively led delegations to visit quite a few overseas investment organizations such as China Life Insurance (Overseas), COVEC Finance, BOC International, JPMorgan Asset Management, CIFM Asset Management (Hong Kong) and CITIC Asset Management. They conducted one-to-one full communication with these investment organizations.

The institutional investors spoke highly of the effective measures taken by the new management team of MCC for enhancement of operational performance and promotion of reform, 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.

Through these operational performance press conferences, MCC attracted keen attention from various parties and presented with a brand new image at the capital market.