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【BT财报瞬析】中国铝业2023三季报:净利润增长105.35%,资产负债率下降,业绩稳健

[Instant Analysis of BT Financial Report] China Aluminum 2023 Third Quarter Report: Net profit increased by 105.35%, balance ratio declined, and performance was steady

businesstimes cn ·  10/26/2023 17:07

Announcement time of this financial report: 2023-10-25 17:47:55

Aluminum Corporation Of China Ltd (Stock Code: 601600) is one of the largest aluminum producers in China, mainly engaged in the production, processing and sales of aluminum and aluminum alloys. The company was founded in 2001 and is headquartered in Beijing, China. Aluminum Corporation Of China Ltd has many production bases and branches at home and abroad, and its products cover many fields such as aluminum sheet, aluminum coil, aluminum profile and so on.

In terms of assets and liabilities, Aluminum Corporation Of China Ltd's total assets in the third quarter of 2023 were 210.34 billion yuan, down slightly from 212.348 billion yuan at the end of the previous year. The total liabilities were 114.299 billion yuan, down about 10.3 billion yuan from 124.593 billion yuan at the end of last year. This shows that the company has improved its solvency. Net assets increased from 87.754 billion yuan at the end of last year to 96.041 billion yuan at the end of this report, an increase of 9.44%, reflecting the improvement of the intrinsic value of the company. The asset-liability ratio dropped from 58.67% at the end of last year to 54.34% at the end of this reporting period, which means that the company's financial structure has been optimized.

In terms of profit, Aluminum Corporation Of China Ltd's operating income in the third quarter of 2023 was 188.404 billion yuan, down from 227.621 billion yuan in the same period last year. Operating profit was 11.203 billion yuan, down from 13.386 billion yuan in the same period last year. However, despite the decline in operating income and operating profit, the company's net profit increased from 11.004 billion yuan in the same period last year to 9.201 billion yuan at the end of the reporting period, an increase of 105.35%. This is mainly due to the impact of an increase in the company's primary aluminum profit margin in the third quarter of this year compared with the same period last year.

In terms of cash flow, the net cash flow generated by operating activities was 20.4024 million yuan, down from 24.1379 million yuan in the same period last year. Cash inflow from operating activities totaled 178 million yuan, down from 229 million yuan in the same period last year. Cash outflow from operating activities totaled 158 million yuan, down from 205 million yuan in the same period last year. This shows that the cash flow generated by the company's operating activities has decreased, but the speed of cash outflow is also slowing down, and the overall cash flow situation is relatively stable.

To sum up, Aluminum Corporation Of China Ltd's business performance in the third quarter of 2023 is generally sound. Despite the decline in operating income and operating profit, the company has achieved a substantial increase in net profit by improving the profit margin of primary aluminum. At the same time, the company's asset-liability structure has been optimized and its financial position is healthier. In terms of cash flow, although the cash flow generated by operating activities has decreased, the speed of cash outflow is also slowing down, and the overall cash flow situation is relatively stable.

For investors, Aluminum Corporation Of China Ltd, as one of the largest aluminum production enterprises in China, has sound performance, healthy financial position and good investment value. However, when investing, investors should also take into account risk factors such as the decline of the company's operating income and operating profits. Investors are advised to make prudent decisions according to their own risk tolerance and investment objectives.

This article only represents the judgment made by the analyst himself or the analyst on the basis of AI analysis, and can not be used as any investment index, nor does it constitute any investment advice. The original intention of this paper is to help investors analyze and judge the capital market data in the most intuitive and fast way and from the most professional perspective.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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