Hua Er Jie Jian Wen·2025-04-07 11:43Core Viewpoint - China Aluminum Corporation, the largest aluminum producer in China, expects a significant increase in net profit for Q1 2025, driven by extreme operational efficiency and precise market analysis [1] Financial Performance - For Q1 2025, the company anticipates a net profit of 3.4 to 3.6 billion yuan, representing a year-on-year increase of 53% to 63% [1] - The total profit for Q1 2025 is projected to be between 6.2 to 6.7 billion yuan, reflecting a year-on-year growth of 30% to 40% [1] - In Q4 2024, the company reported revenue of 63.29 billion yuan, a year-on-year increase of 72.6% [3] - The net profit attributable to shareholders for Q4 2024 was 3.38 billion yuan, up 147.96% year-on-year and 69.14% quarter-on-quarter [3] - For the full year 2024, the company achieved a net profit of 12.4 billion yuan, an increase of 85.38% year-on-year, with revenue reaching 237.07 billion yuan, up 5.3% [4] Production and Market Dynamics - In 2024, the production of alumina and primary aluminum increased to 16.87 million tons and 7.61 million tons, respectively [5] - The external sales of primary aluminum rose by 11.76% to 7.6 million tons, indicating strong market demand [5] - The market price of alumina showed an upward trend in 2024, with domestic prices peaking at 5,780 yuan per ton and averaging 4,084 yuan per ton, a year-on-year increase of 39.9% [6] - Internationally, the average price of alumina was $502 per ton, reflecting a 46% year-on-year increase [6] Strategic Insights - The company has successfully implemented extreme cost reduction and efficiency enhancement strategies, leading to substantial performance improvements despite fluctuations in raw material prices and global market conditions [6] - The investment in the Boffa project in Guinea is expected to yield high-quality bauxite with a long remaining exploitable life, contributing to the company's self-sufficiency in bauxite supply [6]