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Aluminum Corporation of China (2600) investor relations material
Aluminum Corporation of China Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue reached RMB241.1 billion in 2025, up 1.69% year-over-year; net profit attributable to owners was RMB12.67 billion, up 2.25% year-over-year.
Gross profit increased 16.69% to RMB41.45 billion, driven by higher primary aluminum margins.
Operating cash flow hit a record RMB33.84 billion; basic EPS was RMB0.74.
Final dividend proposed at RMB0.147 per share, total annual dividend RMB0.27 per share, payout ratio 36.55%.
Financial highlights
Operating revenue: RMB241.1 billion (+1.69% YoY); net profit: RMB21.52 billion (+11.1% YoY).
Net profit attributable to owners: RMB12.67 billion (+2.25% YoY); basic EPS: RMB0.74 (+2.49% YoY).
Gross margin improved to 17.2% from 15% in 2024.
Net cash from operating activities: RMB33.84 billion (+3.91% YoY).
Debt-to-asset ratio decreased to 46.01% from 48.11% in 2024.
Outlook and guidance
Focus on high-end transformation, global supply chain resilience, and green development in 2026.
Plans to enhance product competitiveness, expand overseas bauxite resources, and accelerate intelligent manufacturing.
Market expects stable domestic supply, volatile global prices, and continued demand growth in new energy and electronics sectors.
- Net profit surged 105% year-over-year to RMB7.016 billion, with improved margins and lower leverage.2600
Q2 20248 Dec 2025 - Q1 2025 saw strong profit and revenue growth, with robust output and cash flow increases.2600
Q1 20258 Dec 2025 - Record H1 2025 revenue and profit, strong cost control, and interim dividend declared.2600
Q2 20258 Dec 2025 - Q3 2025 net profit attributable to shareholders soared 90.31% year-over-year.2600
Q3 202527 Oct 2025 - Net profit jumped 68.46% year-over-year to RMB 9.02 billion despite lower revenue.2600
Q3 202413 Jun 2025 - Net profit surged 85% to RMB12.4B on record revenue and strong cost control.2600
Q4 20246 Jun 2025
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