Aluminum Corporation of China Class H ( (ALMMF) ) has released its Q4 earnings. Here is a breakdown of the information Aluminum Corporation of China Class H presented to its investors.
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Aluminum Corporation of China Limited, commonly known as Chalco, is a leading enterprise in the aluminum industry, operating in the People’s Republic of China. The company is involved in the exploration and mining of bauxite, production and sales of alumina, primary aluminum, and aluminum alloys, among other activities, and is listed on the Hong Kong and Shanghai Stock Exchanges.
In its latest annual earnings report, Chalco announced a revenue of RMB 237,066 million for the year ended December 31, 2024, marking a 5.21% increase from the previous year. The net profit attributable to the owners of the parent company was RMB 12,400 million, with basic earnings per share of RMB 0.723.
Key financial highlights from the report include a gross profit of RMB 35,528 million, an increase in profit before income tax by 48.19% to RMB 22,321 million, and a significant rise in net profit attributable to owners by 85.38% compared to 2023. The company also reported a proposed final dividend of RMB 0.217 per share, subject to approval at the upcoming annual general meeting.
Looking ahead, Chalco’s management remains focused on leveraging its comprehensive industrial chain and stable bauxite resources to sustain its growth trajectory. The company aims to enhance its global competitiveness through strategic investments and continuous innovation in technology and management practices.