Core Viewpoint - The aluminum sector in China is experiencing a significant surge, with China Aluminum's stock hitting a 15-year high, driven by a systemic rise in aluminum stocks and favorable market conditions [1][3][4]. Company Performance - China Aluminum's stock price reached 10.86 CNY, marking a new high since 2011, with over 2.2 million buy orders on November 6 [1]. - The company's revenue for the first three quarters of this year showed a slight increase, with a net profit of 10.872 billion CNY, reflecting a year-on-year growth of approximately 21% [9]. - The company's gross profit margin for the first three quarters was 17.3%, up by 2.1 percentage points year-on-year, with a notable increase in the third quarter to 18.4% [10][11]. Market Dynamics - The aluminum sector has seen a "high-low switch" in market sentiment, with funds flowing into aluminum stocks as other sectors like precious metals and rare earths faced declines [4][19]. - The aluminum industry index rose by 5.06%, outperforming other sectors, indicating a shift in investor preference towards aluminum stocks [3]. Historical Context - Over the past 15 years, China Aluminum has reached similar stock price levels twice, in April 2015 and September 2021, but the current market conditions are supported by both market sentiment and industry dynamics [6]. - The company is expected to exceed its historical net profit high of 12.4 billion CNY in 2024, with current forecasts suggesting annual profits could reach 14 billion CNY or more [12]. Comparative Analysis - Historically, aluminum stocks have been undervalued compared to other sectors, with some trading at price-to-earnings ratios below 10 [4][14]. - The aluminum sector's performance has lagged behind other metal sectors, with a year-to-date increase of only 35.39% compared to over 69% for other segments [16][19].

Corporate Governance - China Aluminum announced the election of He Wenjian as chairman and the appointment of Zhang Ruizhong as general manager, effective immediately [3] - Jiang Guiting, the actual controller and chairman of Jingjin Equipment, has had his detention lifted, allowing him to resume his duties [8] - Biao Bang Co. has terminated its plans for a change in control, with stock resuming trading [7] Industry Developments - Jiangbolong reported that its self-developed main control chip deployment has exceeded 100 million units, with rapid growth expected [4] - Asia Pacific Pharmaceutical received a notice of disapproval for its consistency evaluation application for a drug, which will not significantly impact its current performance [5] - Fuxiang Pharmaceutical successfully passed a cGMP inspection by the FDA, marking its third successful inspection [6] - Huahai Pharmaceutical's subsidiary passed an FDA inspection, enhancing its international market capabilities [13] Financial Performance - Daqin Railway reported a cargo transport volume of 32.51 million tons in October 2025, a year-on-year decrease of 4.7% [18] - Jingji Zhino achieved sales revenue of 317 million yuan from selling 233,300 pigs in October 2025 [19] - Baiyun Airport reported a passenger throughput of 7.64 million in October 2025, a year-on-year increase of 12.04% [20] - Dongfeng Motor's total vehicle production in October 2025 was 6,536 units, a year-on-year decrease of 23.40% [21] - Hongyang Real Estate reported a contract sales amount of 202 million yuan in October 2025 [22] Shareholder Actions - Xintonglian announced that a shareholder plans to reduce its stake by up to 3% [24] - Tonghua Dongbao conducted its first share buyback, acquiring 143,500 shares for 1.29 million yuan [25] - Guoci Materials plans to repurchase shares worth 100 million to 200 million yuan at a price not exceeding 30 yuan per share [26] Project Wins - Dayu Water-saving announced a pre-bid win for a 310 million yuan water conservancy project in Hainan [28] - Zhongjian Technology signed a significant sales contract worth 563 million yuan [29] - Longjian Co. won a project bid worth 441 million yuan for road construction in Heilongjiang [30] - Chongqing Construction's subsidiary won a project bid worth 781 million yuan for a residential project in Chongqing [31]

Core Viewpoint - The aluminum sector is experiencing a systemic rise, with China Aluminum's stock hitting a 15-year high, driven by improved market sentiment and performance metrics [1][3][9]. Market Performance - As of November 6, China Aluminum's stock price reached 10.86 CNY, marking a significant increase with over 2.2 million buy orders [1]. - The aluminum industry index rose by 5.06%, outperforming other sectors [3]. - Other aluminum stocks, such as Minfa Aluminum and Chang Aluminum, also saw price surges, indicating a broader trend in the aluminum market [3]. Valuation and Market Sentiment - Historically, aluminum companies have been undervalued compared to other metals like rare earths and gold, with many trading below a P/E ratio of 10 [5][14]. - Recent shifts in market dynamics, particularly a decline in international gold prices, have made aluminum stocks more attractive, leading to a "high-low switch" in investment preferences within the non-ferrous metals sector [5][18]. Financial Performance - China Aluminum's revenue for the first three quarters of the year showed a slight increase, with net profit reaching 10.872 billion CNY, a 21% year-on-year growth [10]. - The company's gross profit margin improved to 17.3%, with a notable increase in the third quarter, where the margin rose to 18.4% [11]. - Forecasts suggest that the company's annual net profit could exceed 14 billion CNY, potentially surpassing the historical high of 12.4 billion CNY in 2024 [12]. Price Trends and Future Outlook - The price of aluminum has increased, with LME aluminum up by 12.28% and domestic futures up by 9.44% year-to-date [11]. - The stock price movements of China Aluminum align closely with its earnings trajectory, indicating strong performance support for the recent price increases [12]. - The aluminum sector's performance has lagged behind other non-ferrous metals earlier this year, but recent trends suggest a potential turnaround [16][18].

Core Points - The Shanghai Composite Index rose by 0.97% on November 6, with 19 out of 28 sectors experiencing gains, led by the non-ferrous metals and electronics sectors, which increased by 3.05% and 3.00% respectively [2] - The net inflow of capital in the two markets was 6.174 billion yuan, with 12 sectors seeing net inflows, primarily in the electronics sector, which had a net inflow of 12.224 billion yuan [2] - The non-ferrous metals sector had a net inflow of 3.647 billion yuan, with 120 out of 137 stocks in this sector rising, including 6 stocks hitting the daily limit [3] Industry Summary - The non-ferrous metals sector saw a significant increase of 3.05%, with a total net inflow of 3.647 billion yuan. Key stocks included China Aluminum with a net inflow of 784.793 million yuan, followed by Nanshan Aluminum and Zijin Mining with inflows of 559.112 million yuan and 358.543 million yuan respectively [3][4] - The sector's outflow was led by Northern Rare Earth, which experienced a net outflow of 2.3869 billion yuan, followed by Zhongtung High-tech and Zhongzhou Special Materials with outflows of 1.102845 billion yuan and 972.863 million yuan respectively [5] - The top gainers in the non-ferrous metals sector included China Aluminum (+10.03%), Nanshan Aluminum (+9.96%), and Zijin Mining (+2.38%), while the top losers included Northern Rare Earth (+0.46%) and Zhongtung High-tech (+0.20%) [4][5]

致：中國鋁業股份有限公司（「公司」） 本人╱吾等 （附註1 （中文名稱）： ） （英文名稱）： 地址為 為公司股本中每股面值人民幣1.00元之 股 （附註2） A股╱H股 （附註3） 的註冊持有人，茲通知公司，本人╱吾 等擬親自或委託代理人出席公司將於2025年12月22日（星期一）下午2時正在中華人民共和國北京市海淀區西直門北大街62號公 司會議室舉行的2025年第三次臨時股東會。 2025年第三次臨時股東會 回 執 （附註4） ： 附註： * 僅供識別 1. 請用正楷填上全名（中文或英文，須與登記在股東名冊的相同）及登記地址。 2. 請填上以 閣下名義登記的股份數目。 3. 請刪去不適用者。 4. 請將此回執在填妥及簽署後於2025年12月17日（星期三）或之前送達公司財務部（資本運營部）證券事務處，地址為中華人民共和國北京 市海淀區西直門北大街62號（郵編100082）。此回執可親身交回公司，亦可以郵遞或以圖文傳真方式、電子郵件方式交回（圖文傳真號碼 為：（8610） 8229 8158；電子郵件地址：IR@chinalco.com.cn）。 日期：2025年 月 日 簽署 ...

Core Viewpoint - The aluminum sector in China is experiencing a significant surge, with China Aluminum's stock hitting a 15-year high, driven by a systemic rise in the aluminum industry and favorable market conditions [2][3][5]. Group 1: Market Performance - As of November 6, China Aluminum's stock price reached 10.86 CNY, marking a new high since 2011, with over 2.2 million buy orders stacked [2]. - The aluminum industry index rose by 5.06%, ranking second among major concept sectors, alongside other aluminum companies like Minfa Aluminum and Chang Aluminum, which also saw stock price increases [3]. - The aluminum sector's performance contrasts with its previous underperformance in the non-ferrous metals market, where it lagged behind sectors like rare earths and gold [5][11]. Group 2: Financial Performance - China Aluminum's revenue for the first three quarters of the year showed slight growth, with net profit reaching 10.872 billion CNY, a 21% increase year-on-year [8]. - The company's gross profit margin improved to 17.3%, up 2.1 percentage points year-on-year, with a notable increase in the third quarter [8]. - Forecasts suggest that the company's annual net profit could exceed 14 billion CNY, potentially surpassing the historical high of 12.4 billion CNY set in 2024 [10]. Group 3: Market Dynamics - The recent rise in aluminum prices, with LME aluminum up 12.28% and domestic futures up 9.44%, has contributed to the improved profitability of China Aluminum [8]. - The shift in market sentiment has led to a "high-low switch" in the non-ferrous metals sector, with aluminum stocks gaining traction as other sectors like gold and rare earths faced declines [16]. - The aluminum sector's performance has been relatively weak compared to other non-ferrous metal sectors earlier this year, but recent trends indicate a potential turnaround [14][16].

Core Viewpoint - The recent surge in the stock price of China Aluminum (601600) to a new high of 10.86 yuan, marking a 15-year peak, is part of a broader systemic rise in the aluminum sector, driven by a shift in market sentiment and relative valuation advantages compared to other metals [1][3][15]. Group 1: Market Performance - As of November 6, China Aluminum's stock saw over 2.2 million buy orders, indicating strong market interest [1]. - The aluminum sector index rose by 5.06%, ranking second among various concept sectors [1]. - Other aluminum stocks, such as Minfa Aluminum (002578) and Chang Aluminum (002160), also experienced significant gains, reflecting a collective upward trend in the industry [1]. Group 2: Historical Context - Over the past 15 years, China Aluminum has reached similar stock price levels twice before, in April 2015 and September 2021, during bullish market conditions [4]. - Current stock and aluminum prices are approaching historical highs, supported by positive market sentiment and industry dynamics [4]. Group 3: Financial Performance - China Aluminum's net profit for the first three quarters of this year reached 10.872 billion yuan, a 21% increase year-on-year [7]. - The company's gross profit margin improved to 17.3%, with a notable increase in the third quarter, where the margin rose to 18.4% [9]. - The rise in aluminum prices has significantly contributed to the company's profitability, with LME aluminum prices up 12.28% and domestic futures up 9.44% year-to-date [8]. Group 4: Future Outlook - Analysts predict that China Aluminum's net profit for the full year could exceed 14 billion yuan, potentially surpassing the historical high of 12.4 billion yuan set in 2024 [15]. - The company's earnings per share are expected to exceed 0.8 yuan, setting a new record since its listing in 2007 [15]. - The aluminum sector is experiencing a "high-low switch," with aluminum stocks gaining traction as other sectors face declines [23].

於2025年12月22日（星期一）舉行的 2025年第三次臨時股東會之委託書 | | | 普通決議案 | （附註5） 贊成 | （附註5） 反對 | （附註5） 棄權 | | --- | --- | --- | --- | --- | --- | | 1. | | 逐項審議及批准以下關於本公司與中鋁集團之間的日常性持續關連交易及建議交 | | | | | | | 易上限的決議案： | | | | | | 1.1 | 審議及批准本公司與中鋁集團於社會和生活後勤服務供應協議項 | | | | | | | 下的持續關連交易及建議交易上限。 | | | | | | 1.2 | 審議及批准本公司與中鋁集團於產品和服務互供總協議項下的持 | | | | | | | 續關連交易及建議交易上限。 | | | | | | 1.3 | 審議及批准本公司與中鋁集團於礦石供應協議項下的持續關連交 | | | | | | | 易及建議交易上限。 | | | | | | 1.4 | 審議及批准本公司與中鋁集團於工程設計、施工和監理服務供應 | | | | | | | 協議項下的持續關連交易及建議交易上限。 | | | | | | 1.5 ...

证券日报网讯 11月6日晚间，中国铝业发布公告称，公司于2025年11月6日召开的第九届董事会第六次 会议选举通过何文建先生为公司第九届董事会董事长。公司董事会于2025年11月6日收到何文建先生的 书面辞呈，因工作需要，何文建先生辞去公司总经理职务。经公司于2025年11月6日召开的第九届董事 会第六次会议审议通过，同意聘任张瑞忠先生为公司总经理。 （文章来源：证券日报） ...

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通告的內 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 不對因本通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。 葛小雷 公司秘書 中國‧北京 2025年11月7日 2025年第三次臨時股東會通告 茲通告 中 國 鋁 業 股 份 有 限 公 司（「本公司」）謹 定 於2025年12月22日（星 期 一） 下 午2時正在中華人民共和國北京市海淀區西直門北大街62號本公司會 議室舉行2025年 第 三 次 臨 時 股 東 會（「臨時股東會」），以 審 議 及 酌 情 批 准 以 下 決 議 案（除 非 文 義 另 有 所 指，否 則 本 通 告 所 用 詞 彙 與 本 公 司 日 期 為 2025年11月7日 的 通 函（「通 函」）界 定 者 具 有 相 同 涵 義）： 普通決議案 – 1 – 1. 逐項審議及批准以下關於本公司與中鋁集團之間的日常性持續關 連 交 易 及 建 議 交 易 上 限 的 決 議 案： (1) 審議及批准本公司與中鋁集團於 ...