Aluminum Corporation of China Limited logo

Aluminum Corporation of China Limited

2600.HK

HKSEBasic MaterialsAluminum

Latest quote

HK$8.56

+HK$0.175 · +2.08%

Aug 24, 3:59 PM HKT

2600.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Aluminum Corporation of China Limited (Chalco), established in Beijing in 2001, is a prominent industrial entity specializing in the manufacturing and global distribution of alumina, primary aluminum, aluminum alloys, and carbon products. The company's diverse operations are structured across five key segments. Its Alumina division is dedicated to sourcing bauxite through mining and procurement, subsequently refining it into a variety of alumina products, which include specialized forms, gallium, and advanced bauxite derivatives. The Primary Aluminum segment handles the acquisition of alumina, other raw materials, and essential electrical power to produce and supply primary aluminum, alongside related products like carbon, aluminum alloys, and electrolytic aluminum items. Through its Trading arm, Chalco facilitates the commerce of aluminum products, other non-ferrous metals, and coal, while also extending logistics and transportation solutions. The Energy segment manages coal extraction, generates and sells electricity to regional power grids utilizing thermal, wind, and solar sources, and manufactures power-related equipment. The Corporate and Other Operating segment focuses on research and development initiatives and a spectrum of additional activities pertinent to the aluminum industry. Furthermore, Chalco is involved in the acquisition and management of bauxite and limestone deposits, offers expertise in engineering project management, and conducts international import and export trade.

Industry
Aluminum
Sector
Basic Materials
Headquarters
CN
CEO
Ruizhong Zhang
Listed since
Dec 12, 2001
Employees
60,814

Market position

Volume
50.79M
0.92× average
Average volume
55.29M
Average daily volume
Market cap
147.1B HKD
Beta
1.52
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
190.82B CNY
EV / EBITDA
4.85×
Earnings yield
6.61%
Free cash flow yield
10.57%

Profitability & efficiency

Return on equity
16.47%
Return on assets
5.44%
Return on invested capital
12.05%

Financial health

Current ratio
1.36×
Altman Z-score
2.77
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends19%12%6%-0%Gross margin, FY2021: 12.08%Gross margin, FY2022: 11.11%Gross margin, FY2023: 12.80%Gross margin, FY2024: 15.75%Gross margin, FY2025: 17.01%Operating margin, FY2021: 5.10%Operating margin, FY2022: 4.70%Operating margin, FY2023: 6.80%Operating margin, FY2024: 9.41%Operating margin, FY2025: 12.26%Net margin, FY2021: 1.93%Net margin, FY2022: 1.44%Net margin, FY2023: 2.98%Net margin, FY2024: 5.23%Net margin, FY2025: 5.26%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 12.08%. Gross margin FY2022 11.11%. Gross margin FY2023 12.80%. Gross margin FY2024 15.75%. Gross margin FY2025 17.01%. Operating margin FY2021 5.10%. Operating margin FY2022 4.70%. Operating margin FY2023 6.80%. Operating margin FY2024 9.41%. Operating margin FY2025 12.26%. Net margin FY2021 1.93%. Net margin FY2022 1.44%. Net margin FY2023 2.98%. Net margin FY2024 5.23%. Net margin FY2025 5.26%.

Income trends

Revenue

234.88B CNY-0.92%

Operating income

28.8B CNY+29.02%

Net income

12.35B CNY-0.44%
Income trends across reported periods328.35B CNY210.48B CNY92.6B CNY−25.28B CNYRevenue, FY2021: 298.89B CNYRevenue, FY2022: 290.99B CNYRevenue, FY2023: 225.07B CNYRevenue, FY2024: 237.07B CNYRevenue, FY2025: 234.88B CNYOperating income, FY2021: 15.25B CNYOperating income, FY2022: 13.68B CNYOperating income, FY2023: 15.3B CNYOperating income, FY2024: 22.32B CNYOperating income, FY2025: 28.8B CNYNet income, FY2021: 5.76B CNYNet income, FY2022: 4.19B CNYNet income, FY2023: 6.72B CNYNet income, FY2024: 12.4B CNYNet income, FY2025: 12.35B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 298.89B CNY. Revenue FY2022 290.99B CNY. Revenue FY2023 225.07B CNY. Revenue FY2024 237.07B CNY. Revenue FY2025 234.88B CNY. Operating income FY2021 15.25B CNY. Operating income FY2022 13.68B CNY. Operating income FY2023 15.3B CNY. Operating income FY2024 22.32B CNY. Operating income FY2025 28.8B CNY. Net income FY2021 5.76B CNY. Net income FY2022 4.19B CNY. Net income FY2023 6.72B CNY. Net income FY2024 12.4B CNY. Net income FY2025 12.35B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue234.88B CNY237.07B CNY225.07B CNY290.99B CNY298.89B CNY
Cost of goods sold194.93B CNY199.72B CNY196.26B CNY259.7B CNY262.22B CNY
Gross profit39.96B CNY37.34B CNY28.81B CNY32.33B CNY36.1B CNY
Research and development3.79B CNY3.06B CNY3.73B CNY4.81B CNY2.36B CNY
Selling, general, and administrative1.48B CNY1.52B CNY1.43B CNY3.77B CNY3.52B CNY
Operating expenses11.16B CNY15.02B CNY13.52B CNY11B CNY7.73B CNY
Interest income335.09M CNY370.49M CNY395.18M CNY477.14M CNY276M CNY
Interest expense2.28B CNY671.65M CNY2.69B CNY3.83B CNY3.92B CNY
Depreciation and amortization10.51B CNY11.64B CNY10.77B CNY10.73B CNY10.34B CNY
Operating income28.8B CNY22.32B CNY15.3B CNY13.68B CNY15.25B CNY
Net income12.35B CNY12.4B CNY6.72B CNY4.19B CNY5.76B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
60%
6 beats, 4 misses, 0 met estimates
Average EPS surprise
+19.47%
10 comparable reports
Latest EPS result
0.36
Estimate 0.31 · Beat by 17.52%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.470.350.220.1Q4 '24MissQ1 '25MissQ2 '25No estimateQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Oct 29, 2024: actual 0.12, estimate 0.19, surprise -36.84%, Miss. Q1 2025, reported Mar 26, 2025: actual 0.341, estimate 0.415, surprise -17.95%, Miss. Q2 2025, reported Apr 24, 2025: actual 0.224, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 27, 2025: actual 0.23, estimate 0.427, surprise -46.23%, Miss. Q4 2025, reported Oct 27, 2025: actual 0.24, estimate 0.21, surprise +14.48%, Beat. Q1 2026, reported Mar 27, 2026: actual 0.367, estimate 0.12, surprise +206.26%, Beat. Q2 2026, reported Apr 23, 2026: actual 0.364, estimate 0.31, surprise +17.52%, Beat. Q3 2026, reported Aug 27, 2026: actual —, estimate 0.36, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates151.4B95.57B39.74B-16.1BQ4 '24MissQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26MetQ3 '26Estimate
Q4 2024, reported Oct 29, 2024: actual 69.78B HKD, estimate 78.16B HKD, surprise -10.72%, Miss. Q1 2025, reported Mar 26, 2025: actual 134.48B HKD, estimate 118.45B HKD, surprise +13.53%, Beat. Q2 2025, reported Apr 24, 2025: actual 59.53B HKD, estimate 61.83B HKD, surprise -3.72%, Miss. Q3 2025, reported Aug 27, 2025: actual 127.54B HKD, estimate 139.85B HKD, surprise -8.80%, Miss. Q4 2025, reported Oct 27, 2025: actual -4.55B HKD, estimate 67.04B HKD, surprise -106.78%, Miss. Q1 2026, reported Mar 27, 2026: actual 138.81B HKD, estimate 69.58B HKD, surprise +99.51%, Beat. Q2 2026, reported Apr 23, 2026: actual 66.6B HKD, estimate 66.6B HKD, surprise 0.00%, Met estimate. Q3 2026, reported Aug 27, 2026: actual —, estimate 67.55B HKD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.2827

2025 complete year+2379.8% since 2011

2026 partial: HK$0.169

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 30, 2026

HK$0.169

Semi-Annual

Record Jul 2, 2026 · Payment Aug 14, 2026

Dividend

Ex-dividend Sep 9, 2025

HK$0.1348

Semi-Annual

Record Sep 10, 2025 · Payment Oct 17, 2025

Dividend

Ex-dividend Jun 30, 2025

HK$0.1479

Semi-Annual

Record Jul 2, 2025 · Payment Aug 8, 2025

Dividend

Ex-dividend Nov 21, 2024

HK$0.0887

Semi-Annual

Record Nov 22, 2024 · Payment Dec 27, 2024

Dividend

Ex-dividend Jun 27, 2024

HK$0.0877

Annual

Record Jun 28, 2024 · Payment Jul 26, 2024

Dividend

Ex-dividend Jun 23, 2023

HK$0.0394

Annual

Record Jun 26, 2023 · Payment Aug 18, 2023

2600.HK peers

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