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Aluminum of China
(OTC: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 | ||||
| 243.89B | 237.07B | 225.07B | 290.99B | 298.89B | 185.99B | Gross Profit |
| 38.68B | 37.34B | 28.81B | 32.33B | 36.10B | 13.42B | EBIT |
| 24.06B | 22.32B | 15.30B | 13.68B | 15.25B | 2.34B | EBITDA |
| 24.59B | 34.64B | 28.53B | 24.66B | 24.91B | 14.95B | Net Income Common Stockholders |
| 13.71B | 12.40B | 6.72B | 4.19B | 5.76B | 764.31M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 27.08B | 24.21B | 26.12B | 16.82B | 18.55B | 10.71B | Total Assets |
| 226.13B | 215.90B | 211.76B | 212.35B | 192.38B | 194.90B | Total Debt |
| 58.80B | 55.13B | 58.49B | 86.46B | 88.60B | 92.23B | Net Debt |
| 32.72B | 32.92B | 37.38B | 69.64B | 70.75B | 82.59B | Total Liabilities |
| 108.39B | 103.85B | 112.87B | 124.59B | 119.59B | 123.73B | Stockholders Equity |
| 73.23B | 69.19B | 60.60B | 54.40B | 57.26B | 54.33B |
| Cash Flow | Free Cash Flow | ||||
| 13.53B | 22.45B | 20.33B | 22.99B | 26.09B | 9.84B | Operating Cash Flow |
| 9.97B | 32.81B | 27.04B | 27.75B | 28.23B | 14.88B | Investing Cash Flow |
| -10.88B | -7.63B | -11.18B | -3.42B | -744.30M | 1.93B | Financing Cash Flow |
| -18.69B | -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 |
|---|---|---|---|---|---|---|---|
80 Outperform | $120.43B | 6.57 | 20.63% | 3.43% | 2.84% | ― | |
80 Outperform | $70.19B | 6.79 | 9.58% | 5.03% | -2.20% | 0.46% | |
79 Outperform | HK$3.26B | 3.64 | 14.76% | 8.26% | 6.80% | 1.55% | |
75 Outperform | $532.46B | 13.04 | 27.63% | 1.60% | 3.41% | 60.46% | |
74 Outperform | HK$141.18B | 5.94 | 22.43% | 12.83% | 14.65% | 93.98% | |
72 Outperform | €26.92B | 8.56 | 19.19% | 3.66% | 5.48% | 38.91% | |
51 Neutral | $2.04B | -1.21 | -21.10% | 3.95% | 2.90% | -30.45% |
Aluminum of China Corporate Events
Aluminum Corporation of China Limited has announced a supplemental notice for its 2024 Annual General Meeting (AGM), scheduled for June 26, 2025. The meeting will address several key resolutions, including the renewal of liability insurance for directors and management, re-appointment of auditors, the abolition of the Supervisory Committee, and amendments to the company’s Articles of Association. Additionally, the election of new executive directors for the ninth session of the Board will be considered. These resolutions are expected to impact the company’s governance structure and operational oversight.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$6.80 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 allows participants to apply for unlocking 30% of the restricted shares granted to them, following the satisfaction of the unlocking conditions. This move is part of the company’s ongoing efforts to implement its equity incentive plans, which could have implications for its operational dynamics and stakeholder interests.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$7.60 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 significant changes to its corporate governance structure, including the abolition of its Supervisory Committee and the introduction of an Audit Committee within the Board to assume its responsibilities. Additionally, the company plans to amend its Articles of Association and procedural rules to align with new regulatory standards, which includes adding an employee director to the Board. These changes are intended to enhance corporate governance and are subject to shareholder approval.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$6.80 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 proposed election of directors for the ninth session of its board, with several current directors being re-elected and new candidates being introduced. The changes aim to align with the company’s strategic goals and ensure compliance with Hong Kong’s listing rules, while also expressing gratitude to outgoing directors for their contributions.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$6.80 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 its controlling shareholder, Chinalco, along with its concert parties, has increased their shareholdings in the company. This move reflects Chinalco’s confidence in Chalco’s future prospects and aims to protect minority investors’ interests. The increase involves a total of 191,729,583 shares, accounting for approximately 1.12% of Chalco’s total issued share capital, with a cumulative investment of around RMB1,007 million, reaching the lower limit of their proposed shareholding increase plan.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$6.80 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 participants under the 2021 Restricted Share Incentive Scheme. This decision, made during the company’s board and supervisory committee meetings, involves adjusting the repurchase price of these shares, reflecting the company’s ongoing efforts to manage its equity incentives effectively.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$6.80 price target. To see the full list of analyst forecasts on Aluminum of China stock, see the HK:2600 Stock Forecast page.
Aluminum of China announced that the conditions for the second unlocking period of the restricted shares under the first grant of its 2021 Restricted Share Incentive Scheme have been satisfied. This development signifies a positive step in the company’s equity incentive plan, 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$6.80 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 its controlling shareholder, Chinalco, along with its concert parties, plans to increase their shareholdings in the company. The proposed increase involves purchasing A shares and H shares worth between RMB1,000 million and RMB2,000 million, not exceeding 2% of the company’s total share capital. As of the latest disclosure, Chinalco has already increased its shareholdings by approximately 1.05% of the total issued share capital, amounting to around RMB941 million. However, there is a risk that the plan may not be fully implemented due to potential changes in market conditions.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$6.80 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 convening of its 2025 first quarterly results briefing, scheduled for May 29, 2025. The briefing aims to provide investors with a comprehensive understanding of the company’s first-quarter performance and future strategies through an online interaction at the SSE Roadshow Center, allowing stakeholders to engage and have their questions addressed.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$6.80 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 an update regarding its final cash dividend for the year ended December 31, 2024. The dividend is set at RMB 0.135 per share, with key dates including a shareholders’ approval on June 26, 2025, and a payment date on August 8, 2025. The announcement also detailed the withholding tax rates applicable to different types of shareholders, which could impact the net dividend received by stakeholders.
Aluminum Corporation of China Limited has announced its 2024 annual general meeting, scheduled for June 26, 2025, in Beijing. Key resolutions to be considered include approving the 2024 financial reports, profit distribution plan, and remuneration standards for directors and supervisors. Additionally, the company plans to issue bonds in 2025 and seeks authorization to repurchase shares, which could impact its financial strategy and shareholder value.
Aluminum Corporation of China Limited has announced a special resolution for the 2025 first class meeting of H Shareholders to grant the board a general mandate to repurchase up to 10% of its A Shares and H Shares. This move is aimed at enhancing shareholder value and optimizing the company’s capital structure, reflecting a strategic decision to strengthen its market position and potentially increase stockholder returns.
Aluminum Corporation of China Limited announced that its controlling shareholder, Chinalco, along with its concert parties, has increased their shareholdings in the company. This move, involving an investment of approximately RMB555 million, reflects Chinalco’s confidence in the company’s future prospects and aims to protect minority investors’ interests. The shareholding increase accounts for about 0.63% of the total issued share capital and is funded through internal resources and special loans.
Aluminum Corporation of China Limited reported a strong financial performance for the first quarter of 2025, with a 13.95% increase in revenue and a 58.78% rise in net profit attributable to shareholders compared to the same period last year. This growth is partly attributed to the acquisition of Chalco High-End’s ingot business, which has enhanced the company’s asset base and market positioning.
Aluminum Corporation of China Limited announced the successful passing of a resolution at its 2025 second extraordinary general meeting held on April 24, 2025. The meeting, which was attended by seven out of eight directors, was conducted in compliance with the Company Law of the People’s Republic of China and included both on-site and network voting options, reflecting the company’s commitment to inclusive and transparent governance practices.
Aluminum Corporation of China Limited announced that its controlling shareholder, Chinalco, plans to increase its shareholdings in the company. This move, backed by a special loan commitment from the Industrial and Commercial Bank of China, reflects Chinalco’s confidence in the company’s future prospects and aims to protect minority investors’ interests. The shareholding increase will involve an investment between RMB1,000 million and RMB2,000 million, not exceeding 2% of the total share capital, over a twelve-month period.
Aluminum Corporation of China Limited has announced that its board of directors will meet on April 24, 2025, to consider and approve the unaudited first quarterly results for the period ending March 31, 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 announced an increase in shareholdings by its controlling shareholder, Chinalco, and its concert parties. This move, reflecting confidence in the company’s future prospects, involves acquiring A and H shares worth between RMB1,000 million and RMB2,000 million, not exceeding 2% of the total share capital, over a twelve-month period. On April 9, 2025, Chinalco increased its holdings by approximately 0.15% of the total issued share capital, investing around RMB130 million, signaling a strategic reinforcement of its stake in the company.
Aluminum Corporation of China Limited announced that its controlling shareholder, Chinalco, along with its concert parties, plans to increase their shareholdings in the company. This move, involving an investment of between RMB1,000 million and RMB2,000 million, aims to enhance investor confidence and support the company’s sustainable development. The plan is to be executed over the next twelve months, although it is subject to market conditions and unforeseen factors.
Aluminum Corporation of China Limited has announced an estimated profit increase for the first quarter of 2025, with total profits expected to range from RMB6.2 billion to RMB6.7 billion, marking a 30% to 40% increase compared to the previous year. The net profit attributable to shareholders is projected to be between RMB3.4 billion and RMB3.6 billion, reflecting a significant increase of 53% to 63%. This growth is attributed to the company’s strategic efforts in market analysis and cost reduction, leading to enhanced operational results and increased output of major products.
Aluminum of China, through its subsidiary Ningxia Energy, has entered into a Capital Contribution Agreement with China Copper Tibet and Tibet Development and Investment to establish a joint venture. The joint venture will have a registered capital of approximately RMB4,766.7711 million, with China Copper Tibet holding a 56.10% stake, Ningxia Energy 23.90%, and Tibet Development and Investment 20.00%. This transaction is classified as a connected transaction under Hong Kong Listing Rules, subject to reporting and announcement requirements but exempt from independent shareholders’ approval.
Aluminum Corporation of China Limited has announced its audited financial results for the year ending December 31, 2024. The release of these results complies with the Hong Kong Stock Exchange’s regulations and will be available on both the exchange’s and the company’s websites by April 30, 2025. This announcement is crucial for stakeholders as it provides insights into the company’s financial health and operational performance over the past year.
Aluminum Corporation of China Limited announced the resignation of Mr. Qiu Guanzhou from his roles as an independent non-executive director and various committee positions due to work requirements. His departure will temporarily reduce the number of independent non-executive directors to below one-third of the board, prompting the company to elect a new director promptly to maintain board operations. Mr. Qiu’s tenure was marked by significant contributions to the company’s development, and he will continue his duties until a successor is appointed.
Aluminum Corporation of China Limited announced a substantial asset impairment loss of RMB2,620 million for the year 2024, impacting its financial results by reducing profit before tax by the same amount. The company plans to focus on revitalizing and disposing of impaired assets to recover their residual value, reflecting its commitment to maintaining financial health and operational efficiency.
Aluminum Corporation of China Limited has announced a profit distribution proposal for the year 2024, which includes a cash dividend of RMB0.217 per share. This distribution is split between an interim dividend of RMB0.082 and a proposed final dividend of RMB0.135 per share. The proposal reflects a 30.02% distribution of net profit attributable to shareholders, and it is pending approval at the company’s 2024 annual general meeting. The company plans to maintain the per-share distribution amount even if the total share capital changes before the equity registration date, ensuring stability for shareholders.
Aluminum Corporation of China Limited has announced a final cash dividend of RMB 0.135 per share for the financial year ending December 31, 2024. The payment date for this dividend is set for August 8, 2025, with other details such as the exchange rate and ex-dividend date to be announced later. This announcement reflects the company’s financial performance and commitment to shareholder returns, potentially impacting its market position and stakeholder interests.
Aluminum Corporation of China Limited has announced the convening of its 2024 annual results and cash dividends distribution briefing. This event, scheduled for April 2, 2025, will be held both on-site and online, allowing investors to gain a comprehensive understanding of the company’s annual performance, profit distribution plan, and future strategies. The briefing aims to enhance communication with investors and address common concerns, reflecting Chalco’s commitment to transparency and stakeholder engagement.
Aluminum Corporation of China Limited has announced that its board of directors will meet on March 26, 2025, to review and approve the annual results for the year ending December 31, 2024. The meeting will also consider the recommendation for the distribution of a final dividend, which could have implications for shareholders and the company’s financial strategy.