According to Zhitong Finance App, China Alcoa International (601068.SH) released its 2023 annual report. During the reporting period, the company achieved operating income of 22.337 billion yuan, a year-on-year decrease of 5.74%; net loss attributable to shareholders of listed companies was 2,658 billion yuan, which changed from profit to loss; net loss attributable to shareholders of listed companies after deducting non-recurring profit and loss was 3,010 billion yuan, an increase in year-on-year losses; and a basic loss per share was 0.8982 yuan/share.
In 2023, in order to further accelerate the pace of reform and development, focus on core competitiveness and core functions, reduce costs and increase efficiency in slimming down and fitness, the company accelerated the divestment of non-main business subsidiaries and inefficient and ineffective assets, and confirmed corresponding losses. In 2023, affected by the external economic environment and changes in customer repayment speed, the company further analyzed and determined items with repayment risk in accounts receivable and calculated impairment provisions. Furthermore, after performing impairment tests on assets such as inventory held by the company, asset impairment losses were calculated based on the difference from the net realizable value.