2 1 Shi Ji Jing Ji Bao Dao·2025-11-06 09:41Core Viewpoint - The aluminum sector in China is experiencing a significant surge, with China Aluminum's stock hitting a 15-year high, driven by a systemic rise in the aluminum industry and favorable market conditions [2][3][5]. Group 1: Market Performance - As of November 6, China Aluminum's stock price reached 10.86 CNY, marking a new high since 2011, with over 2.2 million buy orders stacked [2]. - The aluminum industry index rose by 5.06%, ranking second among major concept sectors, alongside other aluminum companies like Minfa Aluminum and Chang Aluminum, which also saw stock price increases [3]. - The aluminum sector's performance contrasts with its previous underperformance in the non-ferrous metals market, where it lagged behind sectors like rare earths and gold [5][11]. Group 2: Financial Performance - China Aluminum's revenue for the first three quarters of the year showed slight growth, with net profit reaching 10.872 billion CNY, a 21% increase year-on-year [8]. - The company's gross profit margin improved to 17.3%, up 2.1 percentage points year-on-year, with a notable increase in the third quarter [8]. - Forecasts suggest that the company's annual net profit could exceed 14 billion CNY, potentially surpassing the historical high of 12.4 billion CNY set in 2024 [10]. Group 3: Market Dynamics - The recent rise in aluminum prices, with LME aluminum up 12.28% and domestic futures up 9.44%, has contributed to the improved profitability of China Aluminum [8]. - The shift in market sentiment has led to a "high-low switch" in the non-ferrous metals sector, with aluminum stocks gaining traction as other sectors like gold and rare earths faced declines [16]. - The aluminum sector's performance has been relatively weak compared to other non-ferrous metal sectors earlier this year, but recent trends indicate a potential turnaround [14][16].