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Aluminum of China
(2600)
Aluminum of China (2600) vs. iShares MSCI Hong Kong ETF (EWH)
Aluminum of China Business Overview & Revenue Model
Aluminum of China Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 242.74B | 237.07B | 225.07B | 290.99B | 298.89B | 185.99B |
| Gross Profit | 37.75B | 37.34B | 28.81B | 32.33B | 36.10B | 13.42B |
| EBITDA | 25.55B | 34.64B | 28.53B | 24.66B | 24.91B | 14.95B |
| Net Income | 12.45B | 12.40B | 6.72B | 4.19B | 5.76B | 764.31M |
Balance Sheet | ||||||
| Total Assets | 227.49B | 215.90B | 211.76B | 212.35B | 192.38B | 194.90B |
| Cash, Cash Equivalents and Short-Term Investments | 29.93B | 24.21B | 26.12B | 16.82B | 18.55B | 10.71B |
| Total Debt | 57.09B | 64.52B | 77.65B | 86.46B | 88.60B | 92.23B |
| Total Liabilities | 106.65B | 103.85B | 112.87B | 124.59B | 119.59B | 123.73B |
| Stockholders Equity | 72.64B | 69.19B | 60.60B | 54.40B | 57.26B | 54.33B |
Cash Flow | ||||||
| Free Cash Flow | 11.56B | 22.45B | 20.33B | 22.99B | 26.09B | 9.84B |
| Operating Cash Flow | 14.26B | 32.81B | 27.04B | 27.75B | 28.23B | 14.88B |
| Investing Cash Flow | -13.94B | -7.63B | -11.18B | -3.42B | -744.30M | 1.93B |
| Financing Cash Flow | -18.67B | -22.93B | -14.14B | -27.04B | -18.48B | -15.77B |
Aluminum of China Technical Analysis
Aluminum of China Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$324.33B | 11.17 | 24.18% | 4.93% | 15.38% | 41.07% | |
77 Outperform | HK$60.91B | 17.66 | 20.71% | 2.16% | -6.03% | 37.62% | |
75 Outperform | HK$3.12B | 4.01 | 12.58% | 8.64% | 10.71% | -22.12% | |
73 Outperform | HK$200.67B | 14.24 | 19.96% | 3.33% | 20.06% | 20.03% | |
72 Outperform | HK$922.28B | 18.49 | 29.60% | 1.59% | 9.69% | 54.43% | |
70 Outperform | HK$143.05B | 14.54 | 9.95% | 3.46% | -4.55% | 9.15% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
Aluminum of China Corporate Events
Aluminum Corporation of China Limited has announced a supplemental notice for its Extraordinary General Meeting (EGM) scheduled for December 22, 2025. The meeting will consider a new resolution proposed by the controlling shareholder, Aluminum Corporation of China, regarding the acquisition of minority equity interests in subsidiaries by Yunnan Aluminum. This proposal reflects the company’s strategic move to consolidate its holdings and potentially enhance its operational efficiency and market positioning.
Aluminum Corporation of China Limited announced it will hold an online briefing to discuss its 2025 third-quarter results, production, operations, and future strategies. The meeting aims to provide investors with a comprehensive understanding of the company’s performance and plans, facilitating transparent communication and addressing investor concerns.
Yunnan Aluminum, a subsidiary of Aluminum of China, has announced its intention to acquire minority equity interests in three subsidiaries, Yunlv Yongxin, Yunlv Runxin, and Yunlv Hongxin, from Yunnan Metallurgical. This acquisition will increase Yunnan Aluminum’s ownership to 96.0766%, 97.4560%, and 100% in these subsidiaries, respectively. The transaction, considered a connected transaction under Hong Kong Listing Rules, is subject to reporting and announcement requirements but does not require independent shareholders’ approval. However, it requires approval at a general meeting according to Shanghai Stock Exchange rules, highlighting the strategic move to consolidate control over its subsidiaries.
Aluminum Corporation of China Limited announced the approval of a resolution to repurchase and cancel 654,408 restricted shares granted to 13 participants under its 2021 Restricted Share Incentive Scheme. The decision, made during the 34th meeting of the eighth session of the Board and the 18th meeting of the Supervisory Committee, also includes an adjustment to the repurchase price. However, the implementation of this resolution has been delayed due to ongoing company processes, including dividend distributions and unlocking periods.
Aluminum Corporation of China Limited announced the approval of the satisfaction of unlocking conditions for the second unlocking period of restricted shares under its 2021 Restricted Share Incentive Scheme. This development signifies a positive step in the company’s equity incentive strategy, potentially enhancing stakeholder confidence and aligning employee interests with corporate goals.
Chinalco High-end, Yunnan Aluminum, and Kunming Copper have agreed to contribute a total of RMB906.45 million to Yunnan Aluminum Foil, increasing its registered capital from RMB800 million to RMB1,147.3974 million. This capital contribution, classified as a connected transaction under Hong Kong Listing Rules, will adjust the ownership stakes in Yunnan Aluminum Foil, with Chinalco High-end holding the majority share, thereby strengthening its position in the aluminum foil market.
Aluminum Corporation of China Limited has announced a shareholding reduction plan involving its director and vice general manager, Mr. Jiang Tao. Mr. Jiang plans to reduce his holdings by up to 57,500 A shares, which is approximately 0.00034% of the company’s total share capital, due to personal financial needs. This move is expected to have minimal impact on the company’s overall share capital structure, as it represents only a small fraction of Mr. Jiang’s total holdings.
Aluminum Corporation of China Limited has announced the election of Mr. He Wenjian as the new chairman of its board, following a vacancy in the position. Concurrently, Mr. He has resigned as the general manager, with Mr. Zhang Ruizhong appointed as his successor. This leadership change is not expected to impact the company’s operations, as Mr. He will continue to serve in various strategic roles within the board, and Mr. Zhang brings extensive experience in non-ferrous metal smelting and corporate management.
Aluminum Corporation of China Limited has announced the composition of its board of directors, including executive, non-executive, and independent non-executive directors. The board has established five committees to oversee various aspects of the company’s operations, which may enhance governance and strategic planning, potentially impacting the company’s market positioning and stakeholder relations.
Aluminum Corporation of China Limited has announced its 2025 third extraordinary general meeting to approve several resolutions related to ongoing connected transactions with Chinalco. These transactions, which include agreements on social and logistics services, production supplies, mineral supply, and financial services, are crucial for the company’s operational continuity and strategic partnerships, potentially impacting its market positioning and stakeholder interests.
Aluminum Corporation of China Limited has announced the composition of its board of directors and the roles they will play within the company. The announcement outlines the executive, non-executive, and independent non-executive directors, along with their membership in various board committees, such as the Audit, Nomination, Remuneration, Development and Planning, and ESG Committees. This organizational update is crucial for stakeholders as it highlights the leadership structure and governance framework, potentially impacting the company’s strategic direction and operational focus.
Aluminum Corporation of China Limited announced the resignation of Mr. Li Xiehua from his roles as a non-executive director and committee member, effective immediately. His departure will not affect the board’s statutory requirements or the company’s operations, and a new director will be elected promptly.
Aluminum of China has announced the renewal of several key agreements with its subsidiary, Chinalco, to continue its financial and leasing operations. These agreements, including the New Financial Services Agreement and the New Finance Lease Cooperation Framework Agreement, are crucial for maintaining the company’s financial stability and operational efficiency, with implications for shareholder approval and regulatory compliance under Hong Kong Listing Rules.
Aluminum Corporation of China Limited announced a capital contribution to its subsidiary, Yunnan Aluminum Foil, involving several connected entities. The contribution, totaling RMB906.45 million, aims to increase the registered capital of Yunnan Aluminum Foil and adjust the equity interests among the contributing parties. This strategic move is part of Chalco’s efforts to strengthen its position in the aluminum industry and enhance its operational capabilities.
Aluminum of China has announced the renewal of several key agreements with its controlling shareholder, Chinalco, to continue their Daily Continuing Connected Transactions beyond 2025. These agreements include the Comprehensive Social and Logistics Services Agreement, the General Agreement on Mutual Provision of Production Supplies and Ancillary Services, and others, which are subject to reporting and approval requirements under Hong Kong and Shanghai Stock Exchange rules. The renewal of these agreements underscores the company’s ongoing collaboration with Chinalco and its strategic positioning within the industry.
Aluminum Corporation of China Limited reported its third-quarter financial results for 2025, showing a decrease in revenue by 4.66% compared to the same period last year. However, the company experienced significant growth in profitability, with total profit increasing by 64.76% and net profit attributable to shareholders rising by 90.31%. This improvement in profitability, despite the decline in revenue, suggests enhanced operational efficiency and cost management. The increase in net cash flow from operating activities by 10.42% further indicates a strong financial position, which could positively impact the company’s market standing and stakeholder confidence.
Aluminum of China has announced the formation of a joint venture with Chinalco, Yunnan Copper, Chihong Zinc & Germanium, and Chinalco Capital, each holding varying equity interests. This joint venture, established through a Capital Contribution Agreement, will not be a subsidiary of Aluminum of China, and its financials will not be consolidated into the company’s accounts. The transaction is classified as a connected transaction under Hong Kong Listing Rules, requiring reporting and announcement but exempt from independent shareholders’ approval.
Aluminum Corporation of China Limited has announced that its board of directors will meet on October 27, 2025, to review and approve the company’s unaudited third-quarter results for the period ending September 30, 2025. This meeting is significant as it will provide insights into the company’s financial performance and could impact its market positioning and stakeholder interests.
Aluminum Corporation of China Limited has announced the convening of its 2025 interim results briefing, scheduled for October 14, 2025. The briefing aims to provide investors with a comprehensive understanding of the company’s performance in the first half of 2025, its production operations, and future development strategies, facilitating better communication and addressing investor concerns.