China's Largest Metals, Minerals Group Expects Record-High Revenue

China Minmetals Corporation, the country's largest metals and minerals group, is expected to see record-high revenue in 2021. [Photo/IC]

China Minmetals Corporation, the country's largest metals and minerals group, is expected to see record-high revenue in 2021, with a falling debt-to-asset ratio and more efficient corporate management.

The operating revenue of the mineral giant in 2021 will surpass 800 billion yuan ($125 billion) for the first time, with a year-on-year increase of 20 percent, the company said in its annual work conference.

The growth of the company's net profits is likely to reach 10 percent in 2021.

The company vows to improve the competitiveness of its core businesses such as metal mining, with continued efforts on brand building, innovation and risk management.