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 ...

Core Viewpoint - China Aluminum has renewed several financial agreements with its affiliated companies, aiming to enhance financing channels, reduce costs, and improve capital efficiency without affecting its independence [1] Group 1: Financial Agreements - The company has renewed the "Financial Service Agreement" with Chalco Finance Co., Ltd. for a term of three years, effective from January 1, 2026, to December 31, 2028, with a maximum daily deposit balance of 22 billion yuan (including accrued interest) and a maximum daily loan balance of 24 billion yuan (including accrued interest) [1] - The company has also renewed the "Financing Lease Cooperation Framework Agreement" with Chalco Leasing Co., Ltd., with a transaction limit of 3 billion yuan (including lease principal, interest, and fees) over three years [1] - Additionally, the company has renewed the "Factoring Cooperation Framework Agreement" with Chalco Commercial Factoring Co., Ltd., with a transaction limit of 1.8 billion yuan (including factoring amounts, fees, and other charges) over three years [1] Group 2: Impact and Approval - These transactions are classified as related party transactions and will require approval from the company's shareholders [1] - The company asserts that these agreements will facilitate the expansion of financing channels, lower financing costs, and enhance the efficiency of capital utilization [1] - The company emphasizes that these agreements will not impact its independence [1]

Financial Performance - The company's operating revenue for Q3 2025 was CNY 60,123,601, a decrease of 4.66% compared to the same period last year[5] - Total profit for Q3 2025 reached CNY 7,527,729, representing a significant increase of 64.76% year-on-year[5] - Net profit attributable to shareholders was CNY 3,801,332, up 90.31% from the previous year[5] - The basic earnings per share for Q3 2025 was CNY 0.222, a 91.38% increase compared to the same period last year[5] - Total revenue for the first three quarters of 2025 reached CNY 176,515,725, a 2.0% increase from CNY 173,779,231 in the same period of 2024[19] - Operating profit for the first three quarters of 2025 was CNY 20,787,185, up 19.0% from CNY 17,403,610 in 2024[19] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was CNY 10,872,083, representing a 20.5% increase from CNY 9,011,452 in 2024[19] - The net profit for the first three quarters of 2025 was CNY 5,597,430, reflecting a growth of 10.63% from CNY 5,059,702 in the previous year[30] Cash Flow and Assets - The net cash flow from operating activities was CNY 11,115,473, an increase of 10.42% compared to the same period last year[5] - The company reported a net cash flow from operating activities of CNY 25,380,218 for the first three quarters of 2025, compared to CNY 23,613,076 in 2024[23] - Cash and cash equivalents increased to RMB 30,331,630,000 from RMB 22,210,452,000, representing a growth of approximately 36.5%[16] - The total current assets as of September 30, 2025, are RMB 73,777,351,000, up from RMB 59,054,039,000[16] - The company's cash and cash equivalents at the end of September 2025 were CNY 28,915,019, compared to CNY 21,537,885 at the end of September 2024[25] - Cash and cash equivalents at the end of the third quarter of 2025 were CNY 7,154,867, a decrease from CNY 7,350,763 at the beginning of the period[34] Assets and Liabilities - The total assets at the end of the reporting period were CNY 230,398,939, a 6.70% increase from the beginning of the year[5] - The total assets as of September 30, 2025, amounted to CNY 136,249,718, up from CNY 132,702,435 at the end of 2024, indicating a growth of 2.08%[28] - Total liabilities as of September 30, 2025, amounted to CNY 106,853,962, an increase from CNY 103,886,153 in the previous year[17] - The total liabilities increased to CNY 81,870,137 as of September 30, 2025, compared to CNY 78,729,409 at the end of 2024, representing a rise of 2.93%[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 356,252[12] - China Aluminum Group holds 5,235,235,416 shares, accounting for 30.52% of total shares[12] - China Aluminum Group and its concerted parties have cumulatively increased their shareholding by 193,029,583 shares, representing approximately 1.13% of the total issued shares[14] - The company plans to repurchase shares worth no less than RMB 1 billion and no more than RMB 2 billion within 12 months[13] Production and Investments - The production of metallurgical-grade alumina was 1,304,000 tons, a year-on-year increase of 3.74%[11] - The output of primary aluminum (including alloys) was 600,000 tons, reflecting a growth of 6.76% year-on-year[11] - The company has made strategic acquisitions, including a 56.6% stake in Ningbo Xinyu New Energy Co., Ltd., enhancing its market position[6] Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 2,821,906, an increase from CNY 2,486,695 in 2024[19] - The company’s research and development expenses for the first three quarters of 2025 were CNY 81,787, down from CNY 108,920 in the previous year, indicating a reduction of 25%[30] Financial Expenses - The company’s financial expenses decreased to CNY 1,660,836 in 2025 from CNY 2,106,391 in 2024, primarily due to lower interest expenses[19] - The company’s financial expenses for the first three quarters of 2025 were CNY 932,456, a decrease from CNY 1,007,250 in the same period of 2024[30]

中国铝业第三季度营收601.2亿元人民币。 ...

中国铝业10月27日公告，2025年第三季度实现营业收入601.24亿元，同比下降4.66%；归属于上市公司 股东的净利润38.01亿元，同比增长90.31%；基本每股收益0.222元。前三季度实现营业收入1765.16亿 元，同比增长1.57%；归属于上市公司股东的净利润108.72亿元，同比增长20.65%；基本每股收益0.635 元。 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 进一步统计，近3个月内该股累计发生7笔大宗交易，合计成交金额为1.62亿元。该股近5个交易日累计 上涨12.31%，主力资金合计净流入4.87亿元。 责任编辑：小浪快报 第1笔成交价格为9.40元，成交1,400.00万股，成交金额13,160.00万元，溢价率为0.00%，买方营业部为 中信证券股份有限公司总部(非营业场所)，卖方营业部为中信证券股份有限公司深圳滨海大道证券营业 部。 10月27日，中国铝业收涨1.84%，收盘价为9.40元，发生1笔大宗交易，合计成交量1400万股，成交金额 1.32亿元。 ...

Group 1 - China Aluminum's stock price increased by 1.84% to 9.40 CNY per share, with a trading volume of 3.747 billion CNY and a turnover rate of 3.07%, resulting in a total market capitalization of 161.263 billion CNY [1] - The stock has risen for five consecutive days, with a cumulative increase of 12.31% during this period [1] - China Aluminum's main business includes exploration and mining of bauxite and coal, production and sales of alumina, primary aluminum, and aluminum alloy products, as well as international trade and logistics [1] Group 2 - The fund "Chuangjin Hexin Xinrui Mixed A" holds a significant position in China Aluminum, with 34,200 shares, unchanged from the previous period, representing 0.23% of the fund's net value [2] - The fund has generated a floating profit of approximately 5,814 CNY today and 35,200 CNY during the five-day increase [2] - The fund was established on April 26, 2021, with a current scale of 10.953 million CNY and a year-to-date return of 4.21% [2] Group 3 - The fund manager Wang Yibing has a tenure of 10 years and 169 days, managing assets totaling 5.003 billion CNY, with the best fund return of 21.02% during his tenure [3] - Co-manager Huang Haodong has a tenure of 5 years and 317 days, managing assets of 373 million CNY, with the best fund return of 17.54% during his tenure [3]

Report Title - "Non-ferrous Metals Weekly Report - Alumina, Electrolytic Aluminum, and Aluminum Alloys" [1] Core Viewpoint - The easing of Sino-US trade relations and the decline in domestic social inventories have made aluminum prices cautiously bullish [2] Industry Investment Rating - Not provided in the report Summary by Section Alumina - **Supply Side** - Domestic: The construction of China National Aluminum's Guixi Nadou sedimentary bauxite mine has started, with an expected annual output of 800,000 physical tons. The first phase of the bauxite recycling project in Qingzhen City has started producing 440,000 tons of aluminum concentrate per year. The production of domestic bauxite in October may increase month-on-month. Several alumina projects are under construction or in production, which may increase the domestic alumina production in October [3][18][26] - Overseas: The third-phase project of Nanshan Aluminum's Bintan Alumina in Indonesia with a capacity of 1 million tons started trial production in early May and is expected to reach full production in 2025. The overseas alumina production in October may increase, and the domestic alumina imports in October may increase month-on-month [3][35] - **Demand Side** - The matching surplus of China's alumina operating capacity compared to electrolytic aluminum in September has expanded month-on-month [3][26] - **Inventory** - The total inventory of China's alumina has increased compared to last week, including the inventory in ports, warehouses, and factories [15][17][27] - **Price and Cost** - The alumina basis is positive, and the monthly spread is negative, both within a reasonable range. The near-far month contract closing prices show a Contango structure. The average daily full production cost of China's alumina is about 2,850 yuan/ton [12][22][14] - **Investment Strategy** - The domestic alumina supply and demand are expected to be loose, but production losses may limit the downside of alumina prices. Investors are advised to wait for the price to rise to a high level to lay out short positions, paying attention to the support level around 2,600 - 2,800 and the resistance level around 3,300 - 3,600 [4] Electrolytic Aluminum - **Supply Side** - Domestic: The first phase of the energy-saving renovation project of Guangxi Baise Guangtou Yinhai Electrolytic Aluminum's second phase has started production, and the second phase of Inner Mongolia Huomei Hongjun Aluminum's green power aluminum project is expected to be put into production in December 2025. The domestic electrolytic aluminum production in October may increase month-on-month. The import volume in October may also increase month-on-month due to the restart of overseas capacities [5][56][60] - Overseas: Several overseas electrolytic aluminum projects are restarting or expanding production [60] - **Demand Side** - The capacity utilization rate of China's downstream leading aluminum processing enterprises has remained flat compared to last week. The production of remelted rods (aluminum rods) in October may increase month-on-month [5] - **Inventory** - The social inventory of China's electrolytic aluminum has decreased compared to last week, and the inventory in bonded areas, LME, and COMEX has also decreased [45][46] - **Price and Cost** - The Shanghai aluminum basis is negative and at a relatively low level, and the monthly spread is negative and within a reasonable range. The theoretical weighted average full cost of domestic electrolytic aluminum is about 16,080 yuan/ton [39][41][56] - **Investment Strategy** - The expectation of the Fed's future interest rate cuts and the end of balance sheet reduction, the preliminary agreement reached in Sino-US economic and trade negotiations, and the increasing proportion of domestic electrolytic aluminum molten aluminum production leading to a decline in inventories may make Shanghai aluminum prices cautiously bullish. Investors are advised to lay out long positions when the price drops, paying attention to the support and resistance levels [6] Aluminum Alloys - **Supply Side** - Domestic: The production of domestic scrap aluminum in October may increase month-on-month, while the import volume may decrease. The production of primary (recycled, ADC12) aluminum alloys in October may decrease month-on-month [7][70][81] - Overseas: The competition for overseas scrap aluminum procurement is fierce, and the export of scrap aluminum to China has declined [7] - **Demand Side** - The capacity utilization rate of China's downstream leading aluminum processing enterprises has decreased compared to last week [90] - **Inventory** - The social inventory of China's aluminum alloys has decreased compared to last week, and the raw material (finished product) inventory of recycled aluminum alloy enterprises has also decreased [86][81] - **Price and Cost** - The basis of cast aluminum alloy is positive and at a relatively high level, and the monthly spread is negative and within a reasonable range. The daily full production cost of China's primary aluminum alloy is 20,920 yuan/ton, and that of recycled aluminum alloy ADC12 is 20,700 yuan/ton [64][75][78] - **Investment Strategy** - The expectation of the Fed's future interest rate cuts and the end of balance sheet reduction, the preliminary agreement reached in Sino-US economic and trade negotiations, and the expected tight supply and demand of domestic scrap aluminum may make aluminum alloy prices cautiously bullish. Investors are advised to lay out long positions when the price drops or try to go long on the spread between electrolytic aluminum and aluminum alloys with a light position in the short term, paying attention to the support and resistance levels [8]