Zhitong Finance App News, China Aluminum (02600) announced that in recent years, with strong support from all parties, the company has anchored to build “four superpowers” and build world-class strategic goals, continue to deepen quality and efficiency, enhance value creation capabilities, and steadily improve business quality and business performance. In order to further implement the Shanghai Stock Exchange's public initiative for listed companies to carry out “improve quality, increase efficiency and focus on return”, implement the “investor-centered” development concept, further improve the quality of listed companies, and establish a good capital market image, China Aluminum focused on production and operation management, scientific and technological innovation development, value creation and improvement, information disclosure and investor relationship management, and formulated a special action plan to “improve quality, increase efficiency and focus on return”.

The company will closely focus on strategic goals, continuously optimize the industrial layout, promote project investment in accordance with the construction principles of higher standards, better quality, better configuration and stronger competitiveness, establish industry demonstration benchmarks, and ensure competitive industry leadership. The first is to concentrate on developing the main business, increase investment in the main business, promote the concentration of capital, technology, talents and other resources in the main business, continuously enhance the profitability and market competitiveness of the core business, and strive to be an example of a listed company with outstanding and strong development of the main business; the second is to advance the “two seas” strategy in depth, adhere to mineral production, optimize and upgrade existing alumina production capacity, promote the transfer of inefficient alumina production capacity to the coast and overseas, and accelerate the construction of the Guangxi Huasheng Phase II 2 million ton alumina project, focusing on promoting the sustainable development of overseas bauxite and alumina companies Capability; the third is to speed up implementation Electrolytic aluminum clean energy conversion, promoting “new energy +” for enterprises in Inner Mongolia, Qinghai and Gansu in an orderly manner, focusing on promoting the 420,000 ton light alloy material project in Inner Mongolia and the 500,000 ton electrolytic aluminum upgrade project of the Qinghai branch to create a new model for integrated source network load storage development; using new technology to transform and upgrade stock production capacity, reduce electricity consumption and carbon emission levels, increase the company's share of clean energy use, reduce energy resource consumption, and actively promote the achievement of the country's “double carbon” strategic goal.

2024 is a key year under the “14th Five-Year Plan”. China Aluminum will further expand the scale of alumina and electrolytic aluminum production capacity, maintain the number one in the world, further promote cost reduction and efficiency, strengthen overall budget management, improve capital operation efficiency, etc., and continue to consolidate the development foundation and enhance the company's ability to create value by promoting alumina's “three chemicals and one upgrade” and “five standards and one control” management model for electrolytic aluminum.

In 2024, China Aluminum will further focus on “technology+resources”, “technology+energy saving”, “technology+new products” and “technology+solid waste” to promote technical research in key key areas such as low-grade resource utilization, green and low-carbon, small metals, and red clay, recycling of three waste aluminum electrolysis, fine alumina, high-purity materials, aluminum alloys, digital intelligence, etc., to solve the “stuck neck” technology problem, create a source of innovative technology, and lead the high-quality development of the aluminum industry.

The company attaches great importance to returns to investors. After fully considering the characteristics of the company's industry, development stage and strategic plan, as well as the company's business model, profit level and major financial arrangements, the company's operating model, profit level and major financial arrangements, the company gradually raised the annual cash dividend ratio to no less than 30% of the distributable profit achieved during the year, and further increased the dividend ratio as the company's layout optimization, resource acquisition, green and low-carbon projects were implemented and business performance improved.