Core Viewpoint - The core strategy of the company is to enhance its core competitiveness and focus on its main business, particularly in the non-ferrous metal industry, while undergoing a significant strategic transformation [1][2]. Group 1: Strategic Focus - The company has shifted its focus from low-margin, high-risk non-core businesses to core operations in the non-ferrous metal sector, with new contracts in this area rising from 22% to 95% since 2022 [1]. - The company has exited non-core businesses such as municipal construction and trade, emphasizing the importance of long-term value creation [1]. Group 2: Technological and International Development - The company has seen its revenue from strategic emerging industries increase from 30% to 48% and overseas contracts rise from 9% to over 20% in the past three years [2]. - The company plans to focus on international markets, particularly in Southeast Asia, Africa, and Central Asia, with overseas contract amounts expected to grow by over 65% in 2024 and 284% in the first half of 2025 [2]. Group 3: Core Competitiveness - The company believes that its core competitiveness lies in a comprehensive system of technological breakthroughs, talent support, and management assurance, which has been developed through long-term practice [2]. - The company is committed to continuous technological innovation, focusing on market demand and ensuring that operational results validate technological success [2].

"要始终把提高核心竞争力、增强核心功能作为改革的出发点和落脚点。"中铝国际董事长李宜华近日在 接受上海证券报记者专访时表示，一家工程技术企业的核心竞争力，从来不是单一维度的"技术领先"， 而是"技术硬实力、人才软实力、管理巧实力"三维一体协同发力，是能在复杂市场环境中解决"别人解 决不了的难题"、交付"超出客户预期的价值"的综合能力。 在国企改革深化提升的浪潮中，作为有色金属行业工程技术服务领域的领军企业，中铝国际近年来经历 了一场深刻的战略转型。从剥离低质业务到聚焦核心主业，从传统工程承包到技术创新驱动，中铝国际 正以"壮士断腕"的决心重构发展逻辑。 专注用好"看家本领" 李宜华 ■董事长专访 中铝国际李宜华： 用好"看家本领" 持续深耕主航道 ◎记者 窦世平 "我不干建筑，我真不干建筑。"一句轻松的玩笑背后，是李宜华对公司战略定位的清晰界定。他表 示，"聚焦主业"是公司近年来战略调整的核心，也是应对市场变化、谋求高质量发展的主动选择和必然 路径，公司的定位是一家工程技术服务企业，而非建筑施工单位。 据介绍，自2022年起，中铝国际已退出此前占营收相当比重、但风险高且低效的非主营业务，全面回归 有色金属及优 ...

Core Viewpoint - The stock price of China Aluminum International (中铝国际) has increased by 2.79% to 5.16 CNY as of October 17, 2025, with a market capitalization of 15.417 billion CNY, ranking 5th in the professional engineering sector and 1192nd in the A-share market [1][2]. Company Announcements - China Aluminum International will hold a board meeting on October 28, 2025, to review and approve the third-quarter performance results for the period ending September 30, 2025 [2].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 CHALIECO 中鋁國際工程股份有限公司 中鋁國際工程股份有限公司（「本公司」）董事會（「董事會」）謹 此 宣 佈，本 公 司 將 於二零二五年十月二十八日（星 期 二）舉 行 董 事 會 會 議，其 中 議 程 包 括 審 議 及 批 准本公司及其附屬公司截至二零二五年九月三十日止第三季度業績及其發佈 該 業 績 公 告。 承董事會命 中鋁國際工程股份有限公司 陶甫倫 執行董事兼聯席公司秘書 中 國 北 京，二 零 二 五 年 十 月 十 六 日 於 本 公 告 日 期，非 執 行 董 事 為 劉 長 奎 先 生 及 胡 未 熹 女 士；執 行 董 事 為 李 宜 華 先 生、劉 敬 先 生 及 陶 甫 倫 先 生；職 工 代 表 董 事 為 劉 東 軍 先 生；以 及 獨 立 非 執 行 董 事 為 張 廷 安 先 生、蕭 志 雄 先 生 及 ...

格隆汇10月16日丨中铝国际(02068.HK)宣布，公司将于2025年10月28日(星期二)举行董事会会议，其中 议程包括审议及批准公司及其附属公司截至2025年9月30日止第三季度业绩及其发布该业绩公告。 ...

（於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：2068） 董事會召開日期 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 中鋁國際工程股份有限公司（「本公司」）董事會（「董事會」）謹 此 宣 佈，本 公 司 將 於二零二五年十月二十八日（星 期 二）舉 行 董 事 會 會 議，其 中 議 程 包 括 審 議 及 批 准本公司及其附屬公司截至二零二五年九月三十日止第三季度業績及其發佈 該 業 績 公 告。 CHALIECO 承董事會命 中鋁國際工程股份有限公司 中鋁國際工程股份有限公司 China Aluminum International Engineering Corporation Limited 陶甫倫 執行董事兼聯席公司秘書 中 國 北 京，二 零 二 五 年 十 月 十 六 日 於 本 公 告 日 期，非 執 行 董 事 為 劉 長 ...

Group 1 - Company won the 2025 Nonferrous Metal Enterprise Management Modernization Innovation Achievement Award for seven management achievements [1] - Company is a leading engineering technology player in the nonferrous metal industry, backed by China Aluminum Group, with a direct and indirect stake of 76.42% [1] - Company has a comprehensive advantage in technology, talent, qualifications, full industry chain, and internationalization [1] Group 2 - Company is expected to benefit from the high prosperity of the nonferrous metal industry, with significant growth in fixed asset investment and profit totals in 2024 and early 2025 [2] - Company signed new contracts worth 282.8 billion yuan in industrial sectors in 2024, a year-on-year increase of 43% [2] - Company implemented a "technology + international" strategy, achieving substantial growth in overseas contracts and revenue [2] Group 3 - Company’s gross profit margin improved to 12.21% in 2024 and 10.84% in the first half of 2025, with year-on-year increases of 3.45 and 1.26 percentage points [3] - Company set performance targets for stock incentives, aiming for a net profit growth of no less than 2.19% and 26.54% in 2025 and 2026 respectively [3] - Company forecasts net profits of 231 million yuan, 260 million yuan, and 282 million yuan from 2025 to 2027, with corresponding EPS of 0.08, 0.09, and 0.09 yuan [3]

Investment Rating - The report assigns a "Buy" rating for the company, indicating a positive outlook for its stock performance in the next 6-12 months [5][15]. Core Insights - The company is a leader in the non-ferrous metal engineering technology sector, backed by the China Aluminum Group, and is positioned for high-quality development through a focus on its core business and international expansion [2][8]. - The company has achieved significant management results, winning awards for its innovative management practices in the non-ferrous metal industry [1]. - The company is expected to benefit from the high prosperity of the non-ferrous metal industry, with substantial growth in investment and profit forecasts for the coming years [2][3]. Summary by Sections Company Overview - Established in 2003, the company became the first "A+H" listed non-ferrous engineering technology stock in 2012 and 2018, with a controlling stake of 76.42% held by the China Aluminum Group [2][5]. - The company has a comprehensive advantage in technology, talent, qualifications, and internationalization within the non-ferrous metal industry [2][8]. Financial Performance - The company reported a revenue of 22.34 billion yuan in 2023, with projections of 25.07 billion yuan in 2025, reflecting a growth rate of 4.4% [4][13]. - The net profit attributable to the parent company is expected to recover from a loss of 2.66 billion yuan in 2023 to a profit of 231 million yuan in 2025, with a growth rate of 4.6% [4][14]. Business Segments - The company’s revenue from industrial contracts is projected to grow significantly, with new contracts signed in 2024 reaching 28.28 billion yuan, a year-on-year increase of 43% [3][12]. - The equipment manufacturing segment is expected to see a revenue increase of 20% in 2025, driven by technological advancements and strong demand [10][12]. - The design consulting business is also anticipated to maintain steady growth, with revenues projected to reach 1.8 billion yuan in 2025 [12][13]. Profitability and Valuation - The company’s gross margin is expected to improve, with projections of 12.16% in 2025, up from 8.76% in 2023 [4][13]. - The report estimates a price-to-book (P/B) ratio of 2.5 for 2025, corresponding to a target price of 5.70 yuan per share [15][16].

Core Insights - The article highlights the top and bottom AH premium rates for various stocks as of October 9, with Northeast Electric (00042) leading at a premium of 743.75% [1][2]. AH Premium Rate Rankings - The top three stocks with the highest AH premium rates are: - Northeast Electric (00042): 743.75% - Andeli Juice (02218): 235.25% - Zhejiang Shibao (01057): 227.36% [1][2] - The bottom three stocks with the lowest AH premium rates are: - Contemporary Amperex Technology (03750): -16.12% - Heng Rui Medicine (01276): -2.39% - China Merchants Bank (03968): 3.49% [1][2] Deviation Values - The stocks with the highest deviation values are: - Changfei Optical Fiber (06869): 28.93% - Zhejiang Shibao (01057): 12.23% - Red Star Macalline (01528): 11.20% [1][2] - The stocks with the lowest deviation values are: - Northeast Electric (00042): -72.24% - Shanghai Electric (02727): -54.73% - Dazhong Public Utilities (01635): -29.80% [1][2]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中鋁國際工程股份有限公司 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02068 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 399,476,000 | RMB | | 1 | RMB | | 399,476,000 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | | | 本月底結存 | | | 399,476,000 | RMB | | 1 | RMB | | 399,476,000 | | 2. 股份分類 ...