Financial Performance - Operating revenue for the reporting period was CNY 60,123,601, a decrease of 4.66% compared to the same period last year[8] - Total profit for the reporting period reached CNY 7,527,729, an increase of 64.76% year-on-year[8] - Net profit attributable to shareholders was CNY 3,801,332, reflecting a significant increase of 90.31% compared to the previous year[8] - Basic earnings per share for the reporting period was CNY 0.222, representing a 91.38% increase compared to the same period last year[8] - Net profit attributable to shareholders increased by 64.76% in the reporting period, driven by effective operational strategies and cost control[16] - The total profit for the reporting period reached a growth of 90.31%, reflecting improved sales volume and profitability[16] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 11,115,473, up by 10.42% year-on-year[8] - Cash and cash equivalents increased to CNY 30,331,630 as of September 30, 2025, up from CNY 22,210,452 at the end of 2024, showing improved liquidity[28] - Cash flow from operating activities for the first three quarters of 2025 was CNY 25,380,218, an increase from CNY 23,613,076 in 2024, showing a rise of about 7.5%[35] - The net increase in cash and cash equivalents for the first three quarters of 2025 was CNY 8,166,338 thousand, compared to CNY 3,098,348 thousand in the same period of 2024, indicating a growth of 163.5%[40] - Cash inflow from financing activities totaled CNY 11,209,982 thousand in the first three quarters of 2025, compared to CNY 9,525,439 thousand in the same period of 2024, representing an increase of 17.7%[39] - Net cash flow from financing activities was negative CNY 9,164,513 thousand in the first three quarters of 2025, an improvement from negative CNY 19,260,772 thousand in the same period of 2024[39] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 230,398,939, an increase of 6.70% from the previous year[10] - Total liabilities increased to CNY 106,853,962 in 2025 from CNY 103,886,153 in 2024, suggesting a rise in financial obligations[30] - Total assets as of September 30, 2025, amounted to CNY 136,249,718 thousand, up from CNY 132,702,435 thousand at the end of 2024, reflecting a growth of 2.1%[42] - Total liabilities reached CNY 81,870,137 thousand as of September 30, 2025, compared to CNY 78,729,409 thousand at the end of 2024, representing a rise of 2.9%[43] - The company’s total liabilities to equity ratio improved to 1.51 as of September 30, 2025, compared to 1.46 at the end of 2024, indicating a slight increase in leverage[43] Shareholder Information - Equity attributable to shareholders increased to CNY 73,406,524, up by 6.09% year-on-year[10] - The total number of common shareholders at the end of the reporting period was 356,252[18] - The largest shareholder, China Aluminum Group, holds 5,235,235,416 shares, accounting for 30.52% of total shares[19] - The company plans to increase its shareholding by no less than RMB 1 billion and no more than RMB 2 billion within 12 months[24] - As of the end of the reporting period, the cumulative increase in shares by China Aluminum Group and its concerted actions amounted to 193,029,583 shares, approximately 1.13% of total shares[24] Production and Sales - The production of metallurgical-grade alumina was 1,304,000 tons, a year-on-year increase of 3.74%[17] - The output of primary aluminum (including alloys) was 600,000 tons, representing a 6.76% increase compared to the previous year[17] - The external sales volume of self-produced metallurgical alumina reached 491,000 tons, up by 2.94% year-on-year[17] - The power generation from external sales reached 128 billion kWh, marking a 7.56% increase compared to the previous year[17] - The company reported a total revenue from sales of goods and services of CNY 153,151,695 for the first three quarters of 2025, slightly up from CNY 152,480,509 in 2024[35] Research and Development - Research and development expenses rose to CNY 2,821,906 in 2025, compared to CNY 2,486,695 in 2024, reflecting a focus on innovation[32] - Research and development expenses for the first three quarters of 2025 were CNY 81,787 thousand, down 25% from CNY 108,920 thousand in 2024[46] Financial Management - The company reported a decrease in financial expenses to CNY 1,660,836 in 2025 from CNY 2,106,391 in 2024, indicating improved cost management[32] - The company reported a decrease in financial expenses to CNY 932,456 thousand in 2025 from CNY 1,007,250 thousand in 2024, indicating improved cost management[46] - The company’s investment income increased to CNY 981,897 in 2025, up from CNY 739,514 in 2024, highlighting better returns on investments[32] - The company achieved investment income of CNY 3,405,757 thousand in the first three quarters of 2025, a decrease of 9.52% from CNY 3,764,595 thousand in 2024[46]

Core Viewpoint - China Aluminum's Q3 2025 performance report highlights strong growth in profits and effective management of the supply chain, showcasing the company's robust operational capabilities and strategic initiatives [1][2]. Financial Performance - Total profit reached 20.775 billion yuan, a year-on-year increase of 18.47% - Net profit was 17.296 billion yuan, up 15.15% year-on-year - Net profit attributable to shareholders was 10.872 billion yuan, reflecting a 20.65% increase year-on-year - The asset-liability ratio stood at 46.38%, down 1.73 percentage points from the beginning of the year [1]. Operational Efficiency - The company enhanced supply chain management and established a dynamic cost control system to address industry supply-demand adjustments and aluminum price fluctuations - Mining volume and shipment of overseas bauxite increased by 27.9% and 55.3% respectively year-on-year - Core products like bauxite and electrolytic aluminum maintained stable and high production levels, with continuous optimization of economic and technical indicators [1]. Strategic Initiatives - The company accelerated the iteration and upgrading of traditional industries, achieving key breakthroughs in major projects - The Qinghai branch's 600kA electrolytic aluminum project was fully commissioned, and the Baotou Aluminum's 1.2 million kW green electricity project achieved full capacity grid connection - The company is focusing on integrating production, supply, sales, research, and finance to enhance market competitiveness [2]. Recognition and Future Outlook - The company received widespread market and investor recognition, with institutions issuing "buy" and "recommend" ratings - MSCI upgraded its ESG rating from B to BB, achieving an A grade in ESG ratings - The company won six awards at the "6th Panoramic Investor Relations Gold Award," highlighting its excellence in investor relations and corporate governance - Moving forward, the company aims to achieve its annual targets through precise cost control and sustainable value creation [2].

() () ( ) N 9 C () U C J C W () U C U U U U C C C U U D t a 中铝铝箔（云南）有限公司 审计报告 天 职 业 字 [2025]33113 号 目 录 审计报告 -- -1 -3 2025 年 1-4 月财务报表— -15 2025 年 1-4 月财务报表附注— "的" 报告编码:京25PBH 审计报告 天职业字[2025]33113 号 二、形成审计意见的基础 我们按照中国注册会计师审计准则的规定执行了审计工作。审计报告的"注册会计师对财 务报表审计的责任"部分进一步阐述了我们在这些准则下的责任。按照中国注册会计师职业道 _德守则,我们独立于云南铝箔,并履行了职业道德方面的其他责任。我们相信,我们获取的审 计证据是充分、适当的,为发表审计意见提供了基础。 三、强调事项 -- 编制基础 我们提醒财务报表使用者关注财务报表附注二编制基础的说明。云南铝箔编制财务报表是 为了转让股权。因此，财务报表不适用于其他用途。本段内容不影响已发表的审计意见。 四、其他事项――对审计报告的发送对象和使用的限制 我们的报告仅向云南铝箔出具,供其为股权转让事宜使用,不应被分发 ...

本报告依据中国资产评估准则编制 中国铝业集团高端制造股份有限公司 拟对子公司引入战略投资者涉及的 中铝铝箔（云南）有限公司 股东全部权益价值项目 资产评估报告 中瑞评报字[2025]第 502076 号 （共一册，第一册） 2025 年 10 月 11 日 | 报告编码: | 4743020020202502076 | | --- | --- | | 合同编号: | 2025-301047-1 | | 报告类型: | 法定评估业务资产评估报告 | | 报告文号: | 中瑞评报字[2025]第502076号 | | 报告名称: | 中国铝业集团高端制造股份有限公司拟对子公司引入战略投资者 涉及的中铝铝箔(云南)有限公司股东全部权益价值项目资产评 估报告 | | 评估结论: | 2,087,409,190.62元 | | 评估报告日: | 2025年10月11日 | | 评估机构名称: | 中瑞世联资产评估集团有限公司 | | 签名人员: | 游新会 (资产评估师) 正式会员 编号: 11180134 | | | 李志谦 (资产评估师) 正式会员 编号:23080053 | | | 游新会、李志谦已实名认可 | ...

每经头条（nbdtoutiao）——拉1人入伙返1500元，投10万元成亿万富翁？这家公司大肆宣传将房产海外 代币化，有交了钱的人称是"牙签撬动地球" （记者 王晓波） 每经AI快讯，中国铝业（SH 601600，收盘价：9.4元）10月27日晚间发布三季度业绩公告称，2025年前 三季度营收约1765.16亿元，同比增加1.57%；归属于上市公司股东的净利润约108.72亿元，同比增加 20.65%；基本每股收益0.635元，同比增加20.95%。 截至发稿，中国铝业市值为1613亿元。 ...

股票代码：601600 股票简称：中国铝业 公告编号：临2025-061 中国铝业股份有限公司 关于云南铝业股份有限公司拟参股投资 中铝铝箔（云南）有限公司暨关联交易的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 1.中国铝业股份有限公司（以下简称"公司"）的控股子公司云南铝业股份有限 公司（以下简称"云铝股份"）拟以货币资金出资人民币5亿元参股投资中铝铝箔（云 南）有限公司（以下简称"云南铝箔"），获得云南铝箔16.70%的股权（以最终经备 案评估值计算的股权比例为准）。 2.由于云南铝箔及其现有股东中国铝业集团高端制造股份有限公司（以下简称 "中铝高端"）、西北铝业有限责任公司（以下简称"西北铝"）以及本次另一增资方 中铜（昆明）铜业有限公司（以下简称"昆明铜业"）均为公司控股股东中国铝业集 团有限公司（以下简称"中铝集团"）的附属公司，根据《上海证券交易所股票上市 规则》的相关规定，本次交易构成关联交易。 3.本次交易不构成《上市公司重大资产重组管理办法》规定的重大资产重组。 4.本次关联交易经公 ...

中国铝业股份有限公司(以下简称"公司")第九届董事会第二次独立 董事专门会议于 2025年10月27日以通讯方式召开,公司全部三名独立董 事余劲松先生、陈远秀女士及李小斌先生出席会议。会议应到独立董事3 人,实到独立董事3人,本次会议的召开符合相关法律、法规、规范性文件 及《中国铝业股份有限公司独立董事工作管理细则》的相关规定。 会议审议通过了以下5项议案,并形成决议: 一、关于公司拟与中国铝业集团有限公司继续签订持续关联交易相 关协议及该等交易于 2026-2028 年三个年度交易上限额度的议案 中国铝业股份有限公司第九届董事会 第二次独立董事专门会议纪要 鉴于公司与中国铝业集团有限公司(以下简称"中铝集团")前次签 订的持续关联交易相关协议即将于 2025年 12月 31 日到期,考虑公司未 来三年对相关业务的实际需求情况,经会议研究、审议,同意公司与中 铝集团继续签订持续关联交易相关协议,包括:(1)《补充协议》,对《社 会和生活后勤服务供应协议》《产品和服务互供总协议》《矿石供应协议》 《工程设计、施工和监理服务供应协议》的有效期进行调整;(2)《固定 资产租赁框架协议》;(3)《综合服务总协议》(以 ...

股票代码：601600 股票简称：中国铝业 公告编号：临2025-060 中国铝业股份有限公司 关于拟与中铝财务有限责任公司续签《金融服务协议》、 拟与中铝融资租赁有限公司续签《融资租赁合作框架协议》、 拟与中铝商业保理有限公司续签《保理合作框架协议》 及相关交易于 2026-2028 年三个年度交易上限额度的公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、误 导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： | 一、《金融服务协议》 | | | --- | --- | | 每日最高存款余额 | 人民币 220 亿元（含应计利息） | | 每日最高贷款余额 | 人民币 240 亿元（含应计利息） | | 其他金融服务费用 | 人民币 1 亿元/年 | | 协议有效期 | 3 年（2026 年 1 月 1 日-2028 年 12 月 31 日） | | 存款利率范围 | 在中国人民银行统一颁布的同期同类存款的利率上限 范围内，原则上不低于同期国内主要商业银行同类存款 | | | 利率。 | | 贷款利率范围 | 参考中国人民银行授权全国银行间同业拆借 ...

股票代码：601600 股票简称：中国铝业 公告编号：临 2025-059 中国铝业股份有限公司 关于拟与中国铝业集团有限公司续签持续关联交易相关协议 及该等交易于 2026-2028 年三个年度交易上限额度的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 1.鉴于中国铝业股份有限公司（以下简称"公司"）与控股股东中国铝业集团有 限公司（以下简称"中铝集团"）前次签订的一系列持续关联交易协议即将于 2025 年 12 月 31 日到期，考虑该等交易仍将持续发生，公司拟与中铝集团继续签订该等 持续关联交易协议，新协议有效期自 2026 年 1 月 1 日起至 2028 年 12 月 31 日止。 2.公司与中铝集团进行的若干持续关联交易，均为日常生产经营所需，不存在 损害公司及股东特别是中小股东利益的情形。公司不会因该等交易而对关联方形成 依赖，该等交易亦不会影响公司的独立性。 3．本次交易尚需提交公司股东会审议、批准。 一、有关持续关联交易的基本情况 （一）持续关联交易情况概述 公司与中铝集团于 2 ...

一、关于公司2025年第三季度报告的议案 经审议，董事会通过公司2025年第三季度报告。 本议案在提交董事会审议前已经董事会审核委员会审议通过。 报告具体内容请参见公司同日披露于上海证券交易所网站（www.sse.com.cn） 的《中国铝业股份有限公司2025年第三季度报告》。 股票代码：601600 股票简称：中国铝业 公告编号：临2025-058 中国铝业股份有限公司 第九届董事会第五次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 2025年10月27日，中国铝业股份有限公司（以下简称"公司"）召开第九届董 事会第五次会议。本次会议应出席董事8人，实际出席董事7人，有效表决人数8人。 公司董事李谢华先生因其他公务未能出席本次会议，其已书面委托江皓先生代为出 席，并按其已表示的意愿进行表决。会议由公司代董事长何文建先生主持。公司部 分高级管理人员列席了会议。本次会议的召集、召开和表决程序符合《中华人民共 和国公司法》等有关法律、法规及《中国铝业股份有限公司章程》的规定。会议审 议并一致通过了以下7项议 ...