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BALCAO · PRIMARY PRODUCTION OF ALUMINUM · LARGE CAP

Aluminum Corp. of China Ltd. ALMMF

8 fiscal years on record · CNY · FY2022 reported · SEC filings only
CNY 291.0B
▼ 2.6% YoY
CNY 4.2B
▼ 27.2% YoY
CNY 23.3B
▼ 27.0% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

The company refines bauxite into alumina, which it then smelts into primary aluminum. In addition to alumina and primary aluminum, it produces and sells chemical alumina products, including alumina hydrate and alumina-based industrial chemical products, and carbon products such as carbon anodes and cathodes. It is also engaged in the trading and logistics of alumina, primary aluminum, other non-ferrous metal products, coal products and bulk raw and ancillary materials, and in coal mining and power generation. As of December 31, 2022 it owned and operated 14 bauxite mines in China and a bauxite mine in Guinea. It currently operates 12 alumina refineries and one research institute, with two of the refineries integrated with primary aluminum smelters and a total designed annual production capacity of approximately 22.26 million tonnes as of December 31, 2022. The company also operates nine primary aluminum smelters in China, which had an aggregate annual production capacity of approximately 7.35 million tonnes as of December 31, 2022. Its operations are organized and managed in five business segments: alumina, primary aluminum, trading, energy, and corporate and other operating. After elimination of inter-segment sales, the alumina, primary aluminum, trading, energy, and corporate and other operating segments accounted for approximately 5.6%, 29.7%, 61.4%, 3.1% and 0.2% of total revenues in 2022.

Written from the business description in ALUMINUM CORP OF CHINA LTD's annual report to the U.S. Securities and Exchange Commission, filed 25 April 2023. Every sentence was checked against that document before publication.

Growth

CNY 291.0B
Revenue, FY2022 · full 8-year series below
Revenue CNY B Net income CNY B
FY2022 · Revenue 291.0 · Net income 4.2
150B300B
2015201820212022
Compound annual growth
+15.2%
+10.0%
+91.6%
+24.3%
+121.5%
+124.2%
+52.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +10.0% a year over the five years to FY2022 — but profit grew faster: net income at +24.3%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

4 cents
of every revenue dollar became profit
Operating margin Net margin
FY2022 · Operating 5.6% · Net 3.7%
2%4%6%
201520182022
ROE
FY2022 · ROE 7.3%
5%10%
201520182022
Three returns, three denominators.

Each CNY of equity produced 7 cents of profit this year.

Cash & shareholders

CNY 2.5B
returned in FY2022 · dividends + net buybacks
Free cash flow CNY B
FY2022 · FCF 23.3
15B30B
201520182022
Net buybacks CNY B Dividends CNY B
FY2022 · Dividends 2.5 · Net buybacks ·
1B2B
20152016201720182019202020212022

CNY 2.5B in dividends — 60% of the year's profit went back to shareholders.

Total assetsCNY 212.3B
EquityCNY 54.4B
CashCNY 16.8B
Gross debtCNY 87.3B
Net debtCNY 70.5B
Current ratio0.87×

Net debt stands at 130% of equity.

The 8-year record

8 fiscal years
Every figure from documents filed with the SEC · CNY

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
ALMMF, 8-year financial record
Metric 20222021202020192018201720162015
Revenue CNY B291.0298.9204.0190.2180.4181.0144.9123.7
Operating income CNY B16.418.77.66.26.8◌◌◌
EBITDA CNY B◌◌◌◌14.9◌◌◌
Income tax CNY B2.42.90.60.60.80.60.4−0.2
Net income CNY B4.25.80.90.60.71.40.40.1
Free cash flow CNY B23.332.09.13.56.34.35.3−1.9
EPS, diluted CNY 0.240.330.030.02◌◌◌◌
Dividend / sh CNY ◌◌◌◌◌◌◌◌
Payout %601049374622615
ROE %7.310.01.61.11.53.61.0◌
Shares out B◌◌◌14.9014.9014.90◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 38 reconciliationsAUDITED

Reconciled in 8 of the 8 fiscal years we could check. 18 checks were skipped: the balance sheet is not tagged before 2016. Eight checks were skipped: EPS is not tagged before 2015. Eight checks were skipped: revenue is not tagged before 2015.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityPrimary Production of Aluminum
Listed onOTC market
Incorporated innot stated in the filings
Fiscal year endsnot stated in the filings
Data on record since2015

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