Core Viewpoint - China Aluminum International's Q3 report for 2025 shows steady revenue growth and profit, emphasizing a "technology + international" development strategy to enhance core competitiveness and operational stability [1] Financial Performance - The company achieved a total operating revenue of 15.219 billion yuan and a net profit attributable to shareholders of 119 million yuan in the first three quarters of 2025 [1] - Cash inflow from operating activities was reported, indicating a positive cash flow situation [1] Business Strategy - The company focuses on the non-ferrous metal sector and advantageous industrial fields, optimizing its business structure and market layout [1] - New contracts signed in the first three quarters amounted to 21.460 billion yuan, a 21.68% increase compared to the same period last year [1] Project Management - The company emphasizes meticulous project management, with successful completions of significant projects such as the cloud copper zinc industry relocation and the Baotou aluminum new energy project [1] - The company has implemented a comprehensive plan for the promotion of technological achievements, enhancing the industrialization process [1] Innovation and R&D - The company has planned over 100 key research projects for 2025 and achieved 20 new technological breakthroughs at an internationally advanced level [1] - A "technology +" diversified development model is being utilized to accelerate the commercialization of technological achievements [1] Reform and Efficiency - The company is promoting mechanism innovation in six "scientific reform enterprises," achieving significant improvements in innovation capability, operational efficiency, and business performance [2] - Efforts to improve financial management and accelerate digital transformation are ongoing, aimed at enhancing operational cash flow and ensuring stable operations [2]

Core Viewpoint - China Aluminum International Corporation (中铝国际) has experienced a decline in stock price recently, with a notable drop in trading volume and net outflow of funds, indicating potential investor concerns about its financial performance and market position [1][2]. Financial Performance - Year-to-date, the stock price of China Aluminum International has increased by 17.46%, but it has seen a decline of 12.65% over the last five trading days [2]. - For the period from January to September 2025, the company reported a revenue of 15.219 billion yuan, a year-on-year decrease of 5.72%, and a net profit attributable to shareholders of 119 million yuan, down 52.68% year-on-year [2]. Shareholder Information - As of September 30, 2025, the number of shareholders for China Aluminum International was 37,400, a decrease of 9.34% from the previous period [2]. - The company has distributed a total of 102 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Stock Market Activity - The company has appeared on the "龙虎榜" (a list of stocks with significant trading activity) four times this year, with the most recent appearance on October 22, where it recorded a net buy of -11.455 million yuan [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 10.216 million shares, an increase of 4.7297 million shares from the previous period [3].

Core Insights - The company reported a decline in revenue and net profit for the first three quarters of 2025 compared to the same period last year [1][2] - Despite the financial downturn, the company secured a significant increase in new contracts, particularly in overseas markets [2] Financial Performance - The company achieved operating revenue of 15,219,018 thousand yuan, a decrease of 5.72% year-on-year [1] - Total profit amounted to 302,860 thousand yuan, down 22.36% compared to the previous year [1] - Net profit attributable to shareholders was 118,876 thousand yuan, reflecting a 52.68% decline year-on-year [1] - The net profit after deducting non-recurring gains and losses was 71,489 thousand yuan, a decrease of 38.51% [1] - Total assets at the end of the reporting period were 41,919,831 thousand yuan, an increase of 1.85% from the end of the previous year [1] - Shareholders' equity attributable to the company increased by 44.47% to 9,509,473 thousand yuan [1] Contractual Developments - The total value of new contracts signed in the first three quarters reached 214.60 billion yuan, an increase of 21.68% year-on-year [2] - New industrial contracts accounted for 205.11 billion yuan, representing 95.58% of the total new contracts [2] - New EPC (Engineering, Procurement, and Construction) contracts amounted to 182.47 billion yuan, a year-on-year growth of 29.92% [2] - New overseas contracts reached 50.20 billion yuan, showing a significant increase of 115.91% [2] Legal Matters - The company is currently involved in several ongoing litigation and arbitration matters related to construction contract disputes, which are still in the first instance and have not resulted in any estimated liabilities [2]

Core Viewpoint - China Aluminum International (601068.SH) reported a decline in both revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The total operating revenue for the first three quarters reached 15.219 billion yuan, representing a year-on-year decrease of 5.72% [1] - The net profit attributable to shareholders was 119 million yuan, down 52.68% year-on-year [1] - The basic earnings per share were 0.0078 yuan [1]

Group 1 - The core point of the article is that China Aluminum International Corporation (中铝国际) held its third board meeting of the fifth session on October 28, 2025, to review the proposal for the third quarter report of 2025 [1] - For the first half of 2025, the revenue composition of China Aluminum International is as follows: EPC engineering contracting and construction accounted for 75.78%, equipment manufacturing accounted for 18.03%, and design consulting accounted for 6.19% [1] - As of the time of reporting, the market capitalization of China Aluminum International is 15.8 billion yuan [1] Group 2 - The A-share market has surpassed 4,000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market transformation and a new "slow bull" pattern emerging [1]

Core Insights - The company reported significant growth in overseas orders and improved cash flow management in the context of its business transformation [1][2] Financial Performance - In Q3 2025, the company achieved a revenue of 5.521 billion yuan, representing a year-on-year increase of 1.64% [1] - The net cash inflow from operating activities for the first three quarters was 80 million yuan, a reduction in outflow by 2.168 billion yuan compared to the previous year, attributed to enhanced project settlement and cash flow management [1] Business Development - The total value of new contracts signed in the first three quarters reached 21.460 billion yuan, marking a year-on-year growth of 21.68%, with industrial contracts accounting for 95.58% [2] - The company experienced a remarkable increase in overseas business, with new contracts worth 5.020 billion yuan, a year-on-year surge of 115.91% [2] - Key projects such as the second phase of the State Power Investment Corporation's aluminum project and others have progressed steadily, while several projects have successfully commenced production [2] Innovation and Technology - The company introduced 20 new international advanced technology achievements and broke foreign technology monopolies with its self-developed 2300mm single-stand six-roll aluminum strip cold rolling mill [2] - Six experts were appointed as "Chief Engineers of China Aluminum Group," and two subsidiaries were selected for national industry technology service platforms [2] Strategic Focus - The company aims to deepen its business transformation by focusing on non-ferrous metals and advantageous industrial sectors, while accelerating the exit from low-efficiency businesses and enhancing high-value-added business layouts [3] - There is a commitment to strengthen innovation by establishing core research teams and promoting the industrialization of technological achievements [3] - The company plans to advance six "scientific reform enterprises" to enhance innovation mechanisms and improve performance assessment systems, thereby increasing employee satisfaction and corporate innovation vitality [3]

Core Insights - China Aluminum International (02068.HK) reported a revenue of approximately RMB 5.52 billion for Q3 2025, representing a year-on-year increase of 1.64% [1] - The net profit for the same period was approximately RMB 16.287 million, showing a significant decline of 82.9% year-on-year [1] - Basic earnings per share were reported at -0.0012 [1] Financial Performance Summary - For the first three quarters of 2025, the total revenue was approximately RMB 15.22 billion, reflecting a year-on-year decrease of 5.72% [1] - The net profit for the first three quarters was approximately RMB 118 million, which is a decline of 52.68% year-on-year [1]

Core Viewpoint - China Aluminum International (02068) reported a decline in revenue and net profit for the first three quarters of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company achieved an operating revenue of 15.219 billion yuan, a year-on-year decrease of 5.72% [1] - The net profit attributable to shareholders was 119 million yuan, reflecting a significant year-on-year decline of 52.68% [1] - Basic earnings per share were reported at 0.0078 yuan [1]

Financial Performance - The company's operating revenue for the reporting period was CNY 5,520,668, representing a year-on-year increase of 1.64%[7] - The total profit for the reporting period was CNY 67,543, a decrease of 44.07% compared to the same period last year[7] - The net profit attributable to shareholders was CNY 16,287, down 82.90% year-on-year[7] - Basic earnings per share were CNY -0.0012, a decrease of 106.32% year-on-year[7] - Diluted earnings per share were also CNY -0.0012, reflecting the same percentage decrease[7] - The company reported a decrease in net profit excluding non-recurring gains and losses to CNY 15,563, down 68.83% year-on-year[7] - The weighted average return on net assets was -0.13%, a decrease of 2.47 percentage points compared to the previous year[7] - The total profit attributable to shareholders decreased by 44.07% during the reporting period[12] - Net profit attributable to shareholders dropped by 82.90% in the current reporting period[12] - Basic earnings per share fell by 106.32% compared to the previous period[12] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 279,167, not applicable for comparison[7] - The net cash flow from operating activities showed a decrease of 2.168 billion RMB year-on-year[13] - The company has strengthened cash flow management, resulting in a net inflow of cash from operating activities by the end of the third quarter[13] - As of September 30, 2025, the company's cash and cash equivalents increased to CNY 4,724,650 thousand from CNY 3,948,297 thousand as of December 31, 2024, representing a growth of approximately 19.6%[34] - Cash inflows from operating activities for the first three quarters of 2025 totaled CNY 15,940,053,000, slightly down from CNY 16,235,970,000 in 2024, a decrease of about 1.8%[53] - Cash outflows from operating activities for the first three quarters of 2025 were CNY 15,860,187,000, compared to CNY 18,324,372,000 in 2024, showing a reduction of approximately 13.4%[55] - The net cash flow generated from operating activities for the first three quarters of 2025 was CNY 79,866,000, a turnaround from a negative cash flow of CNY 2,088,402,000 in the same period of 2024[55] - The total cash and cash equivalents at the end of September 2025 amounted to CNY 4,170,219,000, an increase from CNY 3,806,017,000 at the end of December 2024, reflecting a growth of about 9.6%[61] Assets and Liabilities - The total assets at the end of the reporting period were CNY 41,919,831, an increase of 1.85% from the previous year[9] - The total liabilities as of September 30, 2025, were CNY 30,095,086 thousand, a decrease of 6.8% from CNY 32,311,462 thousand at the end of 2024[39] - Current liabilities totaled CNY 24,186,180 thousand as of September 30, 2025, slightly down from CNY 24,838,671 thousand at the end of 2024, indicating a decrease of 2.6%[38] - Non-current liabilities decreased to CNY 5,908,906 thousand as of September 30, 2025, from CNY 7,472,791 thousand at the end of 2024, representing a decline of 21%[39] - The total equity attributable to shareholders increased to CNY 9,509,473 thousand as of September 30, 2025, compared to CNY 6,582,409 thousand at the end of 2024, marking a growth of 44%[40] Contracts and Business Development - The company signed new contracts worth 21.46 billion RMB in the first three quarters of 2025, an increase of 21.68% year-on-year, with industrial contracts accounting for 95.58% of the total[23] - New signed EPC engineering contracts reached 18.25 billion RMB, up 29.92% compared to the same period last year[23] - The company achieved a significant increase in overseas contracts, signing 5.02 billion RMB, which is a 115.91% increase year-on-year[23] - The company successfully launched major projects, including the cloud copper zinc project and the aluminum new energy project, which have commenced production[24] Research and Innovation - The company has completed over 100 key research projects for the 2025 fiscal year, enhancing its technological capabilities[25] - The company has developed 20 new technologies that meet international advanced standards, breaking foreign monopolies in key equipment and processes[25] - The company was selected as one of the 62 entities for the Ministry of Industry and Information Technology's first batch of digital transformation centers, highlighting its innovation capabilities[25] - The company has implemented a technology achievement promotion plan to accelerate the commercialization of technological innovations[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 37,383[15] - The largest shareholder, China Aluminum Group, holds 72.85% of the shares[16] Legal Matters - The company is currently involved in multiple lawsuits with total amounts involved of CNY 9,342.18 thousand, CNY 10,713.25 thousand, and CNY 14,679.45 thousand, among others, with various stages of litigation[30] - The company has ongoing litigation with a total involved amount of CNY 1,428.94 thousand and CNY 2,764.19 thousand, both currently in the first instance[32] Comprehensive Income - Total comprehensive income for the first three quarters of 2025 reached CNY 302,449,000, compared to CNY 211,212,000 in the same period of 2024, representing an increase of approximately 43%[51] - The total comprehensive income attributable to the parent company's owners was CNY 256,593,000, up from CNY 100,857,000 in the previous year, indicating a growth of about 154%[51] - The total comprehensive income for the first three quarters of 2025 was CNY -29,981,000, compared to CNY -145,463,000 in 2024, showing a notable reduction in losses[77]

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 China Aluminum International Engineering Corporation Limited （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 碼：2068） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條 刊 登。 茲載列該公告（於 上 海 證 券 交 易 所 網 站 刊 登）如 下，僅 供 參 閱。 特此公告 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 京，2025年10月28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 ...