Chang Jiang Shang Bao·2025-06-26 00:07Core Viewpoint - Chinalco International has expanded its overseas infrastructure footprint by signing a mining operation contract worth approximately $267 million in Guinea, which is expected to positively impact the company's current and future performance [1][2]. Group 1: Contract and Financial Impact - The contract with Sinfer Limited for the Simfer mining area in Guinea amounts to approximately $267 million, equivalent to about 1.913 billion RMB, representing 7.97% of the company's audited revenue for 2024 [1][2]. - Chinalco International reported a revenue of 24 billion RMB in 2024, a year-on-year increase of 7.46%, and a net profit of 221 million RMB, marking a return to profitability [1][3]. - The company has a total order backlog of 43.173 billion RMB as of March 2025, providing strong revenue assurance for the year [2]. Group 2: Overseas Expansion and Performance - In 2024, Chinalco International signed new overseas contracts totaling 6.095 billion RMB, a 65.09% increase compared to the previous year, with overseas revenue reaching 4.133 billion RMB, up 22.5% [2]. - The company has established a presence in 54 countries and regions, covering the entire industry chain of non-ferrous metals [2]. - In the first quarter of 2025, new contracts signed totaled 8.565 billion RMB, a 51.04% increase year-on-year, with overseas market contracts reaching 900 million RMB, reflecting a 42.67% growth [2]. Group 3: Research and Development - Chinalco International has invested significantly in research and development, with total R&D expenses reaching 4.18 billion RMB over the past five years, showing a consistent upward trend [4]. - The company has advanced mining technology and holds a leading position in metallurgical technology, with electrolytic aluminum design capacity exceeding 80% of China's total capacity [4].