中国铝业股份有限公司 董事会审核委员会 2024 年度工作报告 2024 年，在中国铝业股份有限公司（以下简称"公司"）董事会 的正确领导下，公司董事会审核委员会（以下简称"审核委员会"）认 真落实"防风险、强内控"的总体要求，围绕公司经营重大事项，积极 履行监督职责，指导公司不断加强和改进内部控制评价、全面风险管理、 法治与合规管理等各项工作，促进了内控体系的有效运行和重大风险的 在控可控，确保了公司经营工作的顺利进行。现就审核委员会 2024 年 工作情况报告如下： 一、整体情况 2024 年，审核委员会积极履行监督职责，围绕会计师事务所选聘、 财务信息及其披露、内部控制评价、全面风险管理、法治与合规管理及 其他专业性事项进行研究，全年共召开 8 次审核委员会会议，对公司定 期财务报告、内部控制、风险评估、合规管理、内部审计计划及预算、 会计师事务所选聘、关联交易、计提资产减值准备等共 39 项议案进行 了审议。 二、工作情况 审核委员会各位委员认真履行监督职责，在监督审计师独立性发表 意见的同时，指导、督促公司在重大经营决策、内部控制评价、法治与 合规管理、财务报告合规披露、内外部审计监督等防范经营风险 ...

经核查三位独立非执行董事邱冠周先生、余劲松先生及陈远秀 女士的任职情况及其各自签署的年度独立性确认函，公司三位独立 非执行董事的独立性均符合《上市公司独立董事管理办法》及境内 外上市规则等的要求，不存在违反独立性及可能妨碍其进行独立客 观判断的情形。 中国铝业股份有限公司董事会 关于独立非执行董事独立性情况的专项意见 根据中国证监会《上市公司独立董事管理办法》《上海证券交易 所股票上市规则》《上海证券交易所上市公司自律监管指引第 1 号— 规范运作》《香港联合交易所有限公司证券上市规则》等的要求，中 国铝业股份有限公司（以下简称"公司"）董事会，就公司独立非 执行董事邱冠周先生、余劲松先生及陈远秀女士的独立性情况进行 评估并出具如下专项意见： 中国铝业股份有限公司董事会 2025 年 3 月 26 日 ...

2025年3月26日，中国铝业股份有限公司（以下简称"公司"）召开第八届监 事会第十六次会议。会议应到监事5人，实到监事3人，有效表决人数5人。公司监 事张文军先生、丁超先生因其他公务未能出席本次会议，张文军先生和丁超先生已 分别书面委托林妮女士和徐淑香女士代为出席会议，并按其已表示的意愿进行表决。 会议由公司监事会主席林妮女士主持。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、法规和《中国铝业股份有限公司章程》（以下 简称"《公司章程》"）的规定。与会监事共同审议并一致通过了以下7项议案： 一、关于公司2024年度拟计提资产减值准备的议案 经公司对2024年各项资产进行减值迹象的识别和测试，公司2024年度合并财务 报表口径拟发生资产减值损失人民币26.20亿元（含债权减值），其中：计提坏账 准备净额（含转回）人民币-1.31亿元；计提存货跌价准备人民币4.29亿元；计提 长期资产减值准备人民币23.22亿元。前述事项将减少公司2024年度合并财务报表 税前利润人民币26.20亿元，减少归属于上市公司股东的净利润人民币17.77亿元。 经审议，监事会同意上述计提资产减值准备事项，并 ...

第八届董事会第三十二次会议决议公告 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3月26日，中国铝业股份有限公司（以下简称"公司"）召开第八届董 事会第三十二次会议。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。公司董事蒋涛先生因其他公务未能出席本次会议，其已书面委托何文建先生 代为出席会议，并按其已表示的意愿进行表决。会议由公司代行董事长何文建先生 主持。公司部分监事、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》（以下简称"《公司章程》"）的规定。会议审议并一致通过了以下议案： 股票代码：601600 股票简称：中国铝业 公告编号：临2025-012 中国铝业股份有限公司 一、关于公司2024年度拟计提资产减值准备的议案 经公司对2024年末各项资产进行减值迹象的识别和测试，公司2024年度合并财 务报表口径拟发生资产减值损失人民币26.20亿元（含债权减值），其中：计提坏 账准备净额（含转回）人民币- ...

股票代码：601600 股票简称：中国铝业 公告编号：临2025-015 中国铝业股份有限公司 关于2024年度利润分配方案的公告 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： 一、利润分配方案内容 经安永华明会计师事务所（特殊普通合伙）及安永会计师事务所审计，公司 2024年度母公司财务报表净利润为人民币4,935,803千元，合并财务报表归属于上 市公司股东的净利润为人民币12,400,160千元。 根据《中国铝业股份有限公司章程》（以下简称"《公司章程》"）的有关规 定，公司拟按照2024年度母公司财务报表净利润的10%提取法定盈余公积金人民币 493,580千元（含2024年中期已预提法定盈余公积金人民币334,666千元），并拟按 1 中国铝业股份有限公司（以下简称"公司"）2024年度拟每股派发现金红利人民 币0.217元（含税），其中：2024年中期已派发现金红利每股人民币0.082元（含 税），2024年末期拟派发现金红利每股人民币0.135元（含税）。 公司已于2024年12月27日完 ...

Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.082 per share for the 2024 interim dividend, totaling approximately CNY 1.407 billion[4]. - For the 2024 annual dividend, the company intends to distribute a total of approximately CNY 3.723 billion, which represents 30.02% of the net profit attributable to shareholders[5]. - The proposed cash dividend for the year-end distribution is CNY 0.135 per share, amounting to approximately CNY 2.316 billion, after deducting the interim dividend[5]. Financial Performance - The company's operating revenue for 2024 reached CNY 237,065,629, representing a 5.21% increase compared to CNY 225,319,044 in 2023[24]. - Net profit attributable to shareholders for 2024 was CNY 12,400,160, an 85.38% increase from CNY 6,689,067 in 2023[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 11,979,301, up 81.12% from CNY 6,614,183 in 2023[24]. - The net cash flow from operating activities for 2024 was CNY 32,807,186, a 21.37% increase from CNY 27,030,025 in 2023[24]. - The total assets at the end of 2024 were CNY 215,895,530, reflecting a 1.89% increase from CNY 211,896,104 at the end of 2023[24]. - The net assets attributable to shareholders at the end of 2024 were CNY 69,191,321, a 14.18% increase from CNY 60,598,030 at the end of 2023[24]. Production and Capacity - The company produced 1,687,000 tons of metallurgical-grade alumina in 2024, a 1.20% increase from 1,667,000 tons in 2023[32]. - The production of primary aluminum (including alloys) reached 761,000 tons in 2024, marking a 12.08% increase from 679,000 tons in 2023[32]. - The company imported approximately 159 million tons of bauxite in 2024, a 12.3% increase year-on-year[35]. - By the end of 2024, China's alumina production capacity was 10.435 million tons/year, a year-on-year increase of 600,000 tons/year, while the total alumina production was 8.581 million tons, up 4.3% year-on-year[39]. - China's electrolytic aluminum production capacity reached 44.62 million tons/year by the end of 2024, an increase of 190,000 tons/year, with a running capacity of 43.61 million tons/year, up 1.52 million tons/year[42]. Market Outlook and Strategy - The company plans to continue expanding its market presence and investing in new technologies to enhance production efficiency[24]. - The company is focusing on the development of new products to meet increasing market demand and improve profitability[24]. - Future guidance indicates a positive outlook for revenue growth driven by increased production capacity and market expansion efforts[24]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the industry[24]. - The company aims to enhance its core competitiveness by focusing on technological innovation, green low-carbon initiatives, and digital empowerment as part of its strategic development plan[141]. Research and Development - The company has established a comprehensive technology innovation system, with 13 national-level research platforms and 51 provincial-level platforms, enhancing its technological leadership in the aluminum industry[64]. - In 2024, the company's R&D expenses amounted to 3.064 billion RMB, a decrease of 17.83% from 3.729 billion RMB in the same period last year[72]. - A total of 519 new patents were authorized in 2024, keeping the company at the forefront of the industry[48]. Risk Management and Governance - The company has established a comprehensive risk management framework to mitigate various trading risks associated with derivatives[133]. - The company’s risk management and internal control systems are designed to manage risks rather than eliminate them, providing reasonable assurance of achieving business objectives[182]. - The company conducted two annual reviews of its risk management and internal control systems, with no significant deficiencies reported in financial and non-financial reporting controls[185]. Corporate Governance - The company has established a governance structure that complies with relevant laws and regulations, ensuring the protection of shareholder rights[159]. - The management team ensured the achievement of operational goals and smooth business development, contributing to positive performance in 2024[171]. - The company emphasizes fair, complete, and timely information disclosure, having received an A-level rating for information disclosure from the Shanghai Stock Exchange for six consecutive years[180]. Environmental and Social Responsibility - The company is committed to high-quality development and aims to become a world-class aluminum company with global competitiveness[57]. - The domestic electrolytic aluminum green energy proportion exceeded 25% in 2024, reflecting the industry's shift towards sustainability[52]. - The company received the "Top 100" and "Top 50 Central Enterprises" awards at the Guoxin Cup ESG Golden Bull Awards, and was included in the CCTV "Pioneer 100" list for Chinese ESG-listed companies in 2024[188].

Core Viewpoint - China Ruilin (603257.SH) has initiated its subscription with an issue price of 20.52 CNY per share and a price-to-earnings ratio of 18.17 times, targeting both domestic and international clients in the non-ferrous metal industry [1] Financial Performance - The company reported revenues of approximately 1.497 billion CNY, 1.664 billion CNY, and 2.005 billion CNY for the years 2019, 2020, and 2021 respectively, with net profits of about 179 million CNY, 147 million CNY, and 157 million CNY during the same periods [2] - As of June 30, 2022, total assets amounted to approximately 355.51 million CNY, with total liabilities of about 197.20 million CNY and shareholders' equity of around 158.31 million CNY [3] - For the first half of 2022, the company achieved an operating income of approximately 1.13 billion CNY and a net profit of about 361 million CNY [3] Business Segments - The company provides engineering technical services primarily for the non-ferrous metal mining, selection, smelting, and processing industries, with clients including major state-owned enterprises and international mining groups [1] - The gross profit margins for the company's engineering contracting business have shown a declining trend, with rates of 8.80%, 8.18%, 7.45%, and 5.42% over the reporting periods, while the engineering design and consulting business maintained higher margins of 41.04%, 38.16%, 37.24%, and 38.51% [4]

Core Viewpoint - Northern Copper Industry has seen a significant increase in stock price, with the non-ferrous metal ETF fund (516650) experiencing over 10 million inflows in the past 10 days [1][3]. Group 1: Market Performance - As of March 24, 2025, the CSI Non-ferrous Metal Industry Theme Index (000811) rose by 1.55%, with Northern Copper Industry hitting the daily limit, Jiangxi Copper up by 5.72%, and Baotai Co. up by 5.13% [3]. - The non-ferrous metal ETF fund (516650) increased by 1.50% [3]. - Over the past two weeks, the non-ferrous metal ETF fund has accumulated a rise of 1.53% and a net subscription of 10.6644 million yuan [3]. Group 2: Fund Characteristics - The management fee for the non-ferrous metal ETF fund is 0.50%, and the custody fee is 0.10%, which are the lowest among comparable funds [3]. - The tracking error for the non-ferrous metal ETF fund over the past month is 0.005%, indicating the highest tracking precision among comparable funds [3]. Group 3: Index Composition - As of February 28, 2025, the top ten weighted stocks in the CSI Non-ferrous Metal Industry Theme Index account for 49.57% of the index, including Zijin Mining, China Aluminum, Northern Rare Earth, and others [4].

Core Viewpoint - The non-ferrous metal industry is experiencing a slight rebound, with several ETFs in this sector showing positive performance despite a general market adjustment in A-shares [1][5]. Group 1: ETF Performance - Multiple non-ferrous metal ETFs recorded gains of over 1.5% in half a day, with the Industrial Non-Ferrous ETF (560860) rising by 1.74% and the Non-Ferrous Metal ETF (512400) achieving a half-day trading volume of 1.45 billion yuan [1][2][10]. - The Industrial Non-Ferrous ETF (560860) has a total scale of 654 million units, with a half-day trading amount of 26.0254 million yuan [5]. - The Non-Ferrous Metal ETF (159871) also saw a half-day increase of 1.71%, with a scale of 97 million units and a trading amount of 7.2124 million yuan [7]. Group 2: Market Dynamics - Since March, the non-ferrous metal industry has shown a continuous rebound, with the Industrial Non-Ferrous ETF (560860) increasing by approximately 10 million units since the beginning of the month [5]. - The overall supply-demand dynamics indicate that domestic policies are stimulating copper demand while limiting new smelting capacity, which supports copper prices [5]. - The approach of the consumption peak season is leading to a recovery in order volumes and operating rates across most sectors, providing strong support for aluminum prices [5]. Group 3: Index Composition - The China Securities Industrial Non-Ferrous Metal Theme Index includes 30 large-cap companies involved in copper, aluminum, lead-zinc, and rare metals, reflecting the overall performance of the sector [5][8]. - The China Securities Non-Ferrous Metal Index selects companies engaged in the mining, smelting, and processing of non-ferrous metals, serving as a benchmark for the sector's performance [8].

Group 1 - The annual performance briefing of China Aluminum is scheduled for April 2, 2025, from 16:45 to 18:00, conducted in both in-person and online formats [1] - Key attendees of the briefing include the acting chairman and general manager He Wenjian, financial director and board secretary Ge Xiaolei, and independent non-executive director Chen Yuanxiu, along with heads of various business departments [1]