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Aluminum Corporation of China released its third quarter report, operating revenue of 194.9 billion yuan
27 Oct, 2021

Aluminum Corporation of China released its third quarter report, operating revenue of 194.9 billion yuan

   News from China Economic Net, Beijing, October 27 On October 26, Aluminum Corporation of China Limited (hereinafter referred to as Aluminum Corporation of China) released the 2021 third quarter report. From January to September this year, Chalco’s operating income was 194.9 billion yuan, an increase of 46.39% year-on-year, and its net profit was 8.1 billion yuan, an increase of 7.4 times over the same period last year. Its parent net profit was 5.3 billion yuan, a year-on-year increase of 10.4 times. The debt-to-asset ratio dropped by 3.33 percentage points from the beginning of the year. The company's net operating cash inflow increased by 8.5 billion yuan from the same period last year, the best level in the same period in history.

It is reported that in order to cope with the unfavorable factors of the rapid increase in logistics and transportation prices, Chalco actively builds a network freight platform, strengthens strategic cooperation with high-quality enterprises such as ports, shipping, railways, and actively taps internal potential to increase efficiency, and promotes the construction of a ton logistics cost optimization mechanism; Faced with the sharp increase in the price of bulk raw materials, Aluminum Corporation of China has actively leveraged its advantages in centralized procurement, and comprehensively promoted the application of the "aluminum procurement" platform and the "dual horse racing" mechanism. The three major operating platforms of Chinalco International Trade, Logistics, and Materials have created a specialized, base, clustered, and collaborative trade logistics platform to reduce internal costs, create external benefits, and achieve first-class cost competitiveness in the industry.

According to reports, since the beginning of this year, Aluminum Corporation of China has made significant progress in solving the "stuck neck" problem of key materials and import substitution of some products. New breakthroughs have been made in aluminum electrolysis hazardous waste disposal technology, red mud separation technology has opened up a new way for the full quantitative utilization of red mud, and the development of major energy-saving technologies for electrolytic aluminum has begun.

Thanks for the engage of Chinese Government and the insist of Xiangzheng Aluminum Company ,we keep eyes on the aluminum profile ,doing well on service and product production . With the help of different corporation , Xiangzhen Aluminum will explore more and more field of economic  .


Institutional analysis shows that through industrial layout adjustments and deepening structural reforms, Chalco has continuously strengthened its innovation, control and anti-risk capabilities in the face of a complicated external market environment.

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