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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 |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$276.05B | 19.23 | 19.96% | 3.32% | 20.06% | 20.03% | |
76 Outperform | $1.24T | 24.11 | 29.60% | 1.55% | 9.69% | 54.43% | |
76 Outperform | HK$399.48B | 13.75 | 24.18% | 5.10% | 15.38% | 41.07% | |
75 Outperform | HK$3.31B | 4.26 | 12.58% | 8.68% | 10.71% | -22.12% | |
74 Outperform | HK$66.61B | 19.31 | 20.71% | 2.28% | -6.03% | 37.62% | |
71 Outperform | $218.26B | 20.87 | 9.95% | 3.23% | -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 announced the immediate resignation of executive director, deputy general manager and ESG Committee member Jiang Tao, who is leaving all positions within the company and its subsidiaries, with the board stressing there is no disagreement, no impact on statutory board size, and no material effect on day-to-day operations. The company moved quickly to refresh its leadership bench, nominating current general manager and party committee deputy secretary Zhang Ruizhong as an executive director and industry veteran Guo Gang as a non-executive director, signaling a continuity-focused transition underpinned by Zhang’s extensive non-ferrous metals and corporate management experience while Jiang’s shareholdings will remain subject to strict post-departure trading rules.
The most recent analyst rating on (HK:2600) stock is a Sell with a HK$9.00 price target. To see the full list of analyst forecasts on Aluminum of China stock, see the HK:2600 Stock Forecast page.
Aluminum Corporation of China Limited has announced the current composition of its board of directors, confirming He Wenjian and Mao Shiqing as executive directors, Jiang Hao as non-executive director, and Yu Jinsong, Chan Yuen Sau Kelly, and Li Xiaobin as independent non-executive directors. The company has also detailed the structure and membership of its five key board committees—Audit, Nomination, Remuneration, Development and Planning, and ESG—clarifying chairmanships and memberships, which underscores its corporate governance framework and delineates oversight responsibilities across financial reporting, executive appointments, pay, strategic planning, and environmental, social and governance matters.
The most recent analyst rating on (HK:2600) stock is a Sell with a HK$9.00 price target. To see the full list of analyst forecasts on Aluminum of China stock, see the HK:2600 Stock Forecast page.
Aluminum Corporation of China Limited has reported progress on the establishment of its previously announced joint venture with Chinalco, Yunnan Copper, Chihong Zinc & Germanium and Chinalco Capital, which has been incorporated in the PRC as Chinalco Qianxing (Chengdu) Technology Co., Ltd. All partners except the company have fully met their paid-in capital commitments, and the company has so far contributed RMB100 million toward its total RMB300 million obligation. Following a unanimous shareholders’ resolution to amend the joint venture’s articles of association, the company’s contribution method has been changed from a mix of a high-purity gallium production line and cash to an all-cash injection, while the total capital, shareholding ratios and overall contribution timetable remain unchanged, signaling a shift toward greater funding flexibility and a cleaner capital structure without altering ownership or dilution dynamics for stakeholders.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$12.50 price target. To see the full list of analyst forecasts on Aluminum of China stock, see the HK:2600 Stock Forecast page.
Aluminum Corporation of China Limited has approved a plan for its wholly owned subsidiary, Chalco Logistics Group, to acquire a 51% stake in Yunnan Yunlv Logistics Investment from fellow Chinalco-controlled entity Yunnan Aluminum for approximately RMB263.84 million in cash, with the final price subject to valuation. Following completion, Chalco Logistics will hold a controlling 51% interest and consolidate Yunlv Logistics into its financial statements, while Yunnan Aluminum will retain a 49% stake, and the deal is classified as a connected transaction under Hong Kong listing rules, with a definitive agreement yet to be signed and investors urged to exercise caution.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$12.50 price target. To see the full list of analyst forecasts on Aluminum of China stock, see the HK:2600 Stock Forecast page.
Aluminum Corporation of China Limited announced that shareholders at its third extraordinary general meeting of 2025, held on 22 December in Beijing with both on-site and online voting channels, approved all resolutions previously circulated in November and December. The meeting, convened by the board and chaired by director He Wenjian, met all legal and corporate governance requirements under PRC company law and the company’s articles of association, underscoring procedural compliance and paving the way for the company to proceed with the matters endorsed by its shareholders.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$12.50 price target. To see the full list of analyst forecasts on Aluminum of China stock, see the HK:2600 Stock Forecast page.
Aluminum Corporation of China Limited has confirmed that all regulatory and corporate approvals have been obtained for Yunnan Aluminum’s acquisition of minority equity interests in three subsidiaries—Yunlv Yongxin, Yunlv Runxin, and Yunlv Hongxin—from Yunnan Metallurgical via a cash transaction. The company also disclosed additional details on the valuation methods used by China United Appraisal, which applied an income-based discounted cash flow approach for Yunlv Yongxin and Yunlv Runxin and an asset-based approach for Yunlv Hongxin, with Yunlv Yongxin assessed on the basis of perpetual operation and cash flow generation. The completion of these conditions and the transparent disclosure of appraisal methodologies underscore Chalco’s efforts to optimize its equity structure in key Yunnan-based assets and may enhance operational integration and value realization within its regional aluminum businesses.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$12.50 price target. To see the full list of analyst forecasts on Aluminum of China stock, see the HK:2600 Stock Forecast page.
Aluminum Corporation of China Limited has announced the unlocking of the second unlocking period under its 2021 Restricted Share Incentive Scheme. This development marks a significant step in the company’s equity incentive program, potentially impacting its operational strategies and shareholder value by aligning the interests of participants with the company’s long-term goals.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$12.50 price target. To see the full list of analyst forecasts on Aluminum of China stock, see the HK:2600 Stock Forecast page.
Aluminum Corporation of China Limited has announced the completion of capital contributions to Yunnan Aluminum Foil by Chinalco High-end, Yunnan Aluminum, and Kunming Copper. This investment, totaling RMB906.45 million, is aimed at supporting the construction of a new energy high-precision sheet, strip, and foil project. The valuation of Yunnan Aluminum Foil was conducted using an asset-based approach, with the equity interests determined based on the contributions and appraised value. This strategic move is expected to enhance Yunnan Aluminum Foil’s capabilities and strengthen its market position.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$12.50 price target. To see the full list of analyst forecasts on Aluminum of China stock, see the HK:2600 Stock Forecast page.
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.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$12.50 price target. To see the full list of analyst forecasts on Aluminum of China stock, see the HK:2600 Stock Forecast page.
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.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$12.50 price target. To see the full list of analyst forecasts on Aluminum of China stock, see the HK:2600 Stock Forecast page.
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.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$12.50 price target. To see the full list of analyst forecasts on Aluminum of China stock, see the HK:2600 Stock Forecast page.
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.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$12.50 price target. To see the full list of analyst forecasts on Aluminum of China stock, see the HK:2600 Stock Forecast page.
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.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$12.50 price target. To see the full list of analyst forecasts on Aluminum of China stock, see the HK:2600 Stock Forecast page.
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.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$13.50 price target. To see the full list of analyst forecasts on Aluminum of China stock, see the HK:2600 Stock Forecast page.
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.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$13.50 price target. To see the full list of analyst forecasts on Aluminum of China stock, see the HK:2600 Stock Forecast page.
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.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$12.41 price target. To see the full list of analyst forecasts on Aluminum of China stock, see the HK:2600 Stock Forecast page.
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.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$12.41 price target. To see the full list of analyst forecasts on Aluminum of China stock, see the HK:2600 Stock Forecast page.
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.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$12.41 price target. To see the full list of analyst forecasts on Aluminum of China stock, see the HK:2600 Stock Forecast page.
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.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$15.20 price target. To see the full list of analyst forecasts on Aluminum of China stock, see the HK:2600 Stock Forecast page.
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.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$11.50 price target. To see the full list of analyst forecasts on Aluminum of China stock, see the HK:2600 Stock Forecast page.