Aluminum Corporation of China (2600) Q2 2026 earnings summary

Executive summary

• Achieved record-high operating results for H1 2026, with significant year-on-year improvements in revenue, profit, and cash flow.

• Strategic focus on lean operations, cost control, and high-quality development drove performance.

• Successfully included in the SSE 50 Index and re-admitted to the Hang Seng Index after 18 years, with S&P upgrading credit outlook to "Positive" and standalone credit profile to "bbb".

• Major projects in Guinea and Brazil advanced, strengthening global resource integration.

Financial highlights

• Operating revenue: RMB125.413 billion, up 7.74% year-over-year.

• Net profit attributable to owners: RMB11.871 billion, up 67.91% year-over-year.

• Basic EPS: RMB0.693, up from RMB0.413 in H1 2025.

• Net operating cash inflow: RMB26.235 billion, up 84.91% year-over-year.

• Interim dividend: RMB0.276 per share, totaling RMB4.735 billion (39.88% payout ratio).

Outlook and guidance

• Focus on lean operations, cost control, and efficiency improvements in H2 2026.

• Plans to optimize procurement, sales, logistics, and asset turnover.

• Commitment to innovation, digital empowerment, green transition, and risk management to enhance competitiveness.