

Core Viewpoint - China Aluminum's mid-year performance report for 2025 indicates strong momentum in high-quality development, with record production and profit levels for key products [1][2] Financial Performance - The company achieved a revenue of 116.39 billion yuan and a total profit of 13.25 billion yuan, with a net profit attributable to shareholders of 7.07 billion yuan [1] - Production volumes for alumina, primary aluminum, and fine alumina increased by 4.88%, 9.37%, and 0.48% year-on-year, respectively [1] Operational Efficiency - China Aluminum has strengthened its operational efficiency by focusing on cost control, achieving the lowest production line costs and optimal supply chain costs [1] - The self-sufficiency rate for alumina ore increased by 6 percentage points since the beginning of the year [1] Technological Innovation - The company has enhanced its R&D capabilities, with 403 patents granted in the first half of the year, a 28.3% increase year-on-year, and 36 international patent applications, up 44% [2] - Key technological breakthroughs include advancements in CO capture and recovery, with 16 significant results applied in practice [2] Market Recognition - The company's strong performance has been recognized by the capital market, maintaining the highest credit ratings in the non-ferrous industry from S&P and Zhongxin Credit [2] - Morgan Stanley has rated China Aluminum as "overweight" [2] Future Outlook - China Aluminum plans to continue enhancing operational excellence and accelerating technological innovation to solidify its market leadership and build a world-class enterprise [2]