Aluminum Corporation of China Ltd (NYSE: ACH, SHA: 601600, HKG: 2600), commonly known Chinalco, is the nation's largest producer of the metal. It is engaged in the mining of bauxite and the manufacture and distribution of alumina, primary aluminum and aluminum fabrication products. It was incorporated in Beijing, listed in Hong Kong and New York in 2001 and listed in Shanghai in 2007.
The company posted ¥120.99 billion in revenues and ¥778.01 million in net profits for 2010; revenue was up 72.2% and the profit was compared to ¥4.62 billion in losses in the year before. It credited the turnaround to increased prices of its major products and effective cost control. As of the end of 2010, it had 108,256 employees and ¥141.32 billion in assets with a 59.53% debt ratio.
Revenue breakdown by major products 2010, ¥ million
Product Revenue Gross margin Growth
Alumina 26,109 12.15% 63.89%
Primary al 52,507 6.17% 24.18%
Al processing 9,243 2.23% 42.40%
Trade 89,246 1.00% 134.20%
Total 118,374 6.46% 72.67%
Revenue breakdown by region 2010, ¥ million
Region Revenue Growth
Domestic 118,374.12 72.72%
Overseas 0.23 -98.97%
$1 = ¥6.37
You are currently reading
total words in this article.
To continue reading this article, you must be a subscriber. Log in now..