Summary by Moomoo AI
CHINA ALUMINUM CO., LTD. ANNOUNCED ITS PROFIT DISTRIBUTION PLAN FOR 2023, WHICH PROPOSES A CASH DIVIDEND OF RMB0.08 PER SHARE (TAX INCLUDED). The distribution plan is based on the Company's 2023 consolidated financial statements attributable to the shareholders of the listed company of 20.44% of the net profit attributable to the shareholders of the listed company. The company's parent financial report for 2023 reported a net profit of RMB3,740,362 thousand, and the consolidated financial statements attributed to the shareholders of the listed company were RMB6,716,945 thousand. In addition, the company will withdraw RMB374,036 thousand from the statutory provident fund. The distribution plan is still subject to approval at the 2023 Annual General Meeting. The company said that, taking into account factors such as industry cyclicality and national policy, the remaining unallocated profit will be transferred to the next year for industry expenses and reduced interest-bearing liabilities to achieve long-term returns to shareholders. The plan was approved by the Board of Directors and the Board of Supervisors on March 27, 2024.