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02600 CHALCO
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About CHALCO Company
China Aluminum Co., Ltd. (“China Aluminum”, the “Company” or the “Company”) is a limited company incorporated in the People's Republic of China (“China”); its shares are listed on the Hong Kong Stock Exchange Limited (“Hong Kong Stock Exchange”) and the Shanghai Stock Exchange (“Shanghai Stock Exchange”) respectively. The Company and its subsidiaries (hereinafter collectively referred to as the “Group”) are leading enterprises in China's aluminum industry. Their comprehensive strength is at the forefront of the global aluminum industry. They are also large-scale aluminum manufacturers and operators integrating exploration and mining of resources such as bauxite and coal, production, sales, technology research and development of alumina, primary aluminum, aluminum alloys and carbon products, international trade, logistics industry, thermal power and new energy power generation. The Group's core competitiveness is mainly reflected in: It has a clear and pragmatic development strategy with the goal of becoming a world-class aluminum company with global competitiveness; Have stable and reliable bauxite resources to ensure sustainable development capacity; Having a complete industrial chain, the overall competitive advantage is obvious; Have advanced management concepts to promote the achievement of the company's business goals; Having a team of experienced and skilled personnel to ensure the continuous improvement of the company's labor productivity; Have an excellent management team to achieve the efficient operation of the company; It has continuous scientific and technological innovation capabilities, and the transformation of scientific and technological achievements has achieved remarkable results; Party building is deeply integrated with operation and management, leading the way to guarantee the high-quality development of the company. As of the end of the reporting period, the Group mainly included the following branches, subsidiaries, joint ventures and joint ventures: Main branches: Guangxi branch (mainly produces alumina products); Qinghai branch (mainly produces raw aluminum and alloy products); Guizhou branch (mainly mining bauxite and producing alloy products); Major Subsidiaries: China Aluminum Shanxi New Materials Co., Ltd. (“Shanxi New Materials”) (mainly produces alumina products and raw aluminum and alloy products); Fushun Aluminum Co., Ltd. (“Fushun Aluminum”) (mainly produces carbon products); Zunyi Aluminum Co., Ltd. (“Zunyi Aluminum”) (mainly produces alumina and raw aluminum products); Baotou Aluminum Co., Ltd. (“Baotou Aluminum”) (mainly produces raw aluminum and alloy products); China Aluminum Mining Co., Ltd. (“China Aluminium Mining”) (mainly exploits bauxite and produces alumina products); China Alcoa International Trading Co., Ltd. (“China Alcoa International Trade”) (mainly engaged in the trade of non-ferrous metal products); China Aluminum Hong Kong Limited (“China Alcoa Hong Kong”) (mainly engaged in overseas project development); China Alcoa Zhengzhou Nonferrous Metals Research Institute Co., Ltd. (“Zhengzhou Research Institute”) (mainly engaged in R&D services); China Alcoa Energy Co., Ltd. (“China Alcoa Energy”) (mainly engaged in energy development); China Aluminum (Shanghai) Carbon Co., Ltd. (“Chinalco Shanghai Carbon”) (mainly produces carbon products); China Aluminum New Materials Co., Ltd. (“China Aluminum New Materials”) (mainly produces fine alumina); China Alcoa Ningxia Energy Group Co., Ltd. (“Ningxia Energy”) (mainly engaged in power generation and coal resource development); Guizhou Huajin Aluminum Co., Ltd. (“Guizhou Huajin”) (mainly produces alumina products); China Alcoa Logistics Group Co., Ltd. (“China Aluminum Logistics”) (mainly engaged in logistics and transportation services); China Aluminum (Shanghai) Co., Ltd. (“China Aluminum Shanghai”) (mainly engaged in trade and project engineering management); Guangxi Huasheng New Materials Co., Ltd. (“Guangxi Huasheng”) (mainly produces alumina products); China Aluminum Materials Co., Ltd. (“China Aluminum Materials”) (mainly engaged in the procurement of materials such as raw fuel materials); Shanxi Huaxing Aluminum Co., Ltd. (“Shanxi Huaxing”) (mainly produces alumina products); China Alcoa International Trade Group Co., Ltd. (“China Alcoa International Trade Group”) (mainly engaged in trade and import and export of non-ferrous metal products); Shanxi Zhonglu Huarun Co., Ltd. (“Shanxi Zhongrun”) (mainly produces raw aluminum products); Guizhou Huaren New Materials Co., Ltd. (“Guizhou Huaren”) (mainly produces raw aluminum products); Lanzhou Aluminum Co., Ltd. (“Lanzhou Aluminum”) (mainly produces raw aluminum products); China Aluminum Group Shanxi Jiaokou Xinghua Technology Co., Ltd. (“Xinghua Technology”) (mainly produces alumina products); Gansu Hualu Aluminum Co., Ltd. (“Gansu Hualu”) (mainly produces carbon products); Yunnan Aluminum Co., Ltd. (“Yunlu Co., Ltd.”) (mainly produces alumina and raw aluminum products); Pingguo Aluminum Co., Ltd. (“Pingguo Aluminum”) (mainly engaged in land leasing and logistics services); Major Joint Ventures and Joint Ventures: Guangxi Huayin Aluminum Co., Ltd. (“Guangxi Huayin”) (mainly produces alumina products); Guangxi Hualei New Materials Co., Ltd. (“Guangxi Hualei”) (mainly produces raw aluminum and aluminum processing products); Heqing Yixin Aluminum Co., Ltd. (“Yunlu Yixin”) (mainly produces raw aluminum, aluminum alloys and processed products).
Revenue Breakdown
News
[Brokers Focus] Citi says downstream PMI demand in the mainland steel industry remains stable and optimistic about China Aluminum (02600), etc.
Jinwu Financial News | According to a report, downstream PMI demand in the mainland steel industry remains stable, but the order trend is weak. The downstream steel purchasing managers' index for September 2023 was 50.35%, an increase of 0.2 percentage points month-on-month, but a year-on-year decrease of 0.35 percentage points. Overall downstream demand remained stable in September, and utilization improved slightly. However, the volume of orders from the downstream industry showed a weak trend, especially the construction industry and the home appliance industry. New orders fell 0.4% and 2%, respectively, from the previous month. Recently, the bank is optimistic about China Aluminum (02600), Conch Cement (00914), and China Shenhua (01088).
Changes in Hong Kong stocks | Nonferrous metals stocks had the highest decline, the Fed strengthened its hawkish stance, and the US dollar strongly suppressed non-ferrous metals
Nonferrous metals stocks had the highest decline. As of press release, China Nonferrous Mining (01258) fell 3.99% to HK$4.81; China Gold International (02099) fell 2.9% to HK$35.15; and China Aluminum (02600) fell 2.63% to HK$4.45.
Changes in Hong Kong stocks | Nonferrous metals stocks are falling collectively, the Fed is still raising interest rates, and copper and aluminum inventories are all expected to pick up
Nonferrous metals stocks declined collectively. As of press release, Minmetals Resources (01208) fell 3.15% to HK$2.46; Zijin Mining (02899) fell 2.12% to HK$12.9; Luoyang Molybdenum (03993) fell 1.89% to HK$5.19; and China Aluminum (02600) fell 0.43% to HK$4.6.
Comments
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