前三季度营收约为1765.15亿元，同比增长1.57%，净利润108.72亿元，同比增长20.65%。 格隆汇10月27日丨中国铝业(02600.HK)公布2025年第三季度报告。营业收入约为人民币601.23亿元，同 比下降4.66%。净利润约为38.01亿元，同比增长90.31%。基本每股收益为0.222元。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 公 告 與中鋁集團之日常性持續關連交易 茲提述本公司日期為2023年3月21日 及2024年10月29日 的 公 告、日 期 為 2023年5月5日 及2024年9月13日 的 通 函、日 期 為2023年5月23日 及2024 年11月4日 的 補 充 通 函，內 容 有 關（其 中 包 括）本 公 司 與 中 鋁 集 團 的 日 常 性 持 續 關 連 交 易。 鑒於日常性持續關連交易將於2025年12月31日 到 期，本 公 司 於2025年 10月27日 與中鋁集團(i)簽 訂 了 附 帶 生 效 條 件 的 新 補 充 協 議，對 社 會 和 生 活 後 勤 服 務 供 應 協 議、產 品 和 服 務 互 供 總 協 議、礦 石 供 應 協 議 和 工 程 設 計、施 工 和 監 理 服 務 供 應 協 議 的 有 效 期 進 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 海外監管公告 此海外監管公告是根據香港聯合交易所有限公司證券上市規則第 13.10B條 作 出。 茲載列中國鋁業股份有限公司在上海證券交易所網站刊登的以下資料全文， 僅 供 參 閱。 承董事會命 中國鋁業股份有限公司 葛小雷 公司秘書 中國‧北京 2025年10月27日 於 本 公 告 刊 發 日 期，董 事 會 成 員 包 括 執 行 董 事 何 文 建 先 生、毛 世 清 先 生 及 蔣 濤 先 生，非 執 行 董 事 李 謝 華 先 生 及 江 皓 先 生，獨 立 非 執 行 董 事 余 勁 松 先 生、陳 遠 秀 女 士 及 李 小 斌 先 生。 * 僅供識別 – 1 – 股 票 代 碼：601600 股 票 簡 稱：中 國 鋁 業 公 告 編 號：臨2025-058 中國鋁業股份有限公司 第九屆董事會第五次會議決議公告 本 公 ...

Financial Performance - Operating revenue for the reporting period was CNY 60,123,601, a decrease of 4.66% compared to the same period last year[8] - Total profit for the reporting period reached CNY 7,527,729, an increase of 64.76% year-on-year[8] - Net profit attributable to shareholders was CNY 3,801,332, reflecting a significant increase of 90.31% compared to the previous year[8] - Basic earnings per share for the reporting period was CNY 0.222, representing a 91.38% increase compared to the same period last year[8] - Net profit attributable to shareholders increased by 64.76% in the reporting period, driven by effective operational strategies and cost control[16] - The total profit for the reporting period reached a growth of 90.31%, reflecting improved sales volume and profitability[16] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 11,115,473, up by 10.42% year-on-year[8] - Cash and cash equivalents increased to CNY 30,331,630 as of September 30, 2025, up from CNY 22,210,452 at the end of 2024, showing improved liquidity[28] - Cash flow from operating activities for the first three quarters of 2025 was CNY 25,380,218, an increase from CNY 23,613,076 in 2024, showing a rise of about 7.5%[35] - The net increase in cash and cash equivalents for the first three quarters of 2025 was CNY 8,166,338 thousand, compared to CNY 3,098,348 thousand in the same period of 2024, indicating a growth of 163.5%[40] - Cash inflow from financing activities totaled CNY 11,209,982 thousand in the first three quarters of 2025, compared to CNY 9,525,439 thousand in the same period of 2024, representing an increase of 17.7%[39] - Net cash flow from financing activities was negative CNY 9,164,513 thousand in the first three quarters of 2025, an improvement from negative CNY 19,260,772 thousand in the same period of 2024[39] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 230,398,939, an increase of 6.70% from the previous year[10] - Total liabilities increased to CNY 106,853,962 in 2025 from CNY 103,886,153 in 2024, suggesting a rise in financial obligations[30] - Total assets as of September 30, 2025, amounted to CNY 136,249,718 thousand, up from CNY 132,702,435 thousand at the end of 2024, reflecting a growth of 2.1%[42] - Total liabilities reached CNY 81,870,137 thousand as of September 30, 2025, compared to CNY 78,729,409 thousand at the end of 2024, representing a rise of 2.9%[43] - The company’s total liabilities to equity ratio improved to 1.51 as of September 30, 2025, compared to 1.46 at the end of 2024, indicating a slight increase in leverage[43] Shareholder Information - Equity attributable to shareholders increased to CNY 73,406,524, up by 6.09% year-on-year[10] - The total number of common shareholders at the end of the reporting period was 356,252[18] - The largest shareholder, China Aluminum Group, holds 5,235,235,416 shares, accounting for 30.52% of total shares[19] - The company plans to increase its shareholding by no less than RMB 1 billion and no more than RMB 2 billion within 12 months[24] - As of the end of the reporting period, the cumulative increase in shares by China Aluminum Group and its concerted actions amounted to 193,029,583 shares, approximately 1.13% of total shares[24] Production and Sales - The production of metallurgical-grade alumina was 1,304,000 tons, a year-on-year increase of 3.74%[17] - The output of primary aluminum (including alloys) was 600,000 tons, representing a 6.76% increase compared to the previous year[17] - The external sales volume of self-produced metallurgical alumina reached 491,000 tons, up by 2.94% year-on-year[17] - The power generation from external sales reached 128 billion kWh, marking a 7.56% increase compared to the previous year[17] - The company reported a total revenue from sales of goods and services of CNY 153,151,695 for the first three quarters of 2025, slightly up from CNY 152,480,509 in 2024[35] Research and Development - Research and development expenses rose to CNY 2,821,906 in 2025, compared to CNY 2,486,695 in 2024, reflecting a focus on innovation[32] - Research and development expenses for the first three quarters of 2025 were CNY 81,787 thousand, down 25% from CNY 108,920 thousand in 2024[46] Financial Management - The company reported a decrease in financial expenses to CNY 1,660,836 in 2025 from CNY 2,106,391 in 2024, indicating improved cost management[32] - The company reported a decrease in financial expenses to CNY 932,456 thousand in 2025 from CNY 1,007,250 thousand in 2024, indicating improved cost management[46] - The company’s investment income increased to CNY 981,897 in 2025, up from CNY 739,514 in 2024, highlighting better returns on investments[32] - The company achieved investment income of CNY 3,405,757 thousand in the first three quarters of 2025, a decrease of 9.52% from CNY 3,764,595 thousand in 2024[46]

2025年10月，全球第二大矿业巨头澳大利亚的必和必拓，其股价在一天之内暴跌4.8%，创下年度最大单日跌幅，数十亿美元市值凭空蒸发。 这并非源于矿难或全球经济衰退，而是来自中国的一纸指令。 同一时间，澳大利亚总理安东尼·阿尔巴尼斯罕见地公开喊话，急切地希望铁矿石贸易能够"保持畅通"。 是什么让这家百年矿企和其背后的国家如此紧张？ 答案指向一场仅仅持续了9天的对峙，一场被外界称为"没有硝烟的战争"。 而战争的结局，颠覆了全球大宗商品贸易近半个世纪的规则。 在新一轮的铁矿石定价谈判中，必和必拓面对全球最大的买家——中国，不仅无视了降价请求，反而傲慢地提出涨价15%，报价高达109.5美元/吨。 更关键的是，他们坚持必须使用美元计价和结算，言语间还夹杂着"不答应就可能断供"的威胁。 这种场景，在过去二十年里，我们已经见过太多次。 中国作为世界工厂，生产了全球一半以上的钢铁，却不得不忍受着全球最高的矿价。 2024年的数据刺痛着每一个从业者：中国整个钢铁行业吭哧吭哧干一年，利润仅30多亿美元，利润率不足1%。 而澳大利亚，同年靠着出口铁矿石，轻松赚取了200亿美元的巨额利润。 他们的开采成本不过20-40美元/吨，卖 ...

Core Viewpoint - China Aluminum's Q3 2025 performance report highlights strong growth in profits and effective management of the supply chain, showcasing the company's robust operational capabilities and strategic initiatives [1][2]. Financial Performance - Total profit reached 20.775 billion yuan, a year-on-year increase of 18.47% - Net profit was 17.296 billion yuan, up 15.15% year-on-year - Net profit attributable to shareholders was 10.872 billion yuan, reflecting a 20.65% increase year-on-year - The asset-liability ratio stood at 46.38%, down 1.73 percentage points from the beginning of the year [1]. Operational Efficiency - The company enhanced supply chain management and established a dynamic cost control system to address industry supply-demand adjustments and aluminum price fluctuations - Mining volume and shipment of overseas bauxite increased by 27.9% and 55.3% respectively year-on-year - Core products like bauxite and electrolytic aluminum maintained stable and high production levels, with continuous optimization of economic and technical indicators [1]. Strategic Initiatives - The company accelerated the iteration and upgrading of traditional industries, achieving key breakthroughs in major projects - The Qinghai branch's 600kA electrolytic aluminum project was fully commissioned, and the Baotou Aluminum's 1.2 million kW green electricity project achieved full capacity grid connection - The company is focusing on integrating production, supply, sales, research, and finance to enhance market competitiveness [2]. Recognition and Future Outlook - The company received widespread market and investor recognition, with institutions issuing "buy" and "recommend" ratings - MSCI upgraded its ESG rating from B to BB, achieving an A grade in ESG ratings - The company won six awards at the "6th Panoramic Investor Relations Gold Award," highlighting its excellence in investor relations and corporate governance - Moving forward, the company aims to achieve its annual targets through precise cost control and sustainable value creation [2].

Company Announcements - Tongfu Microelectronics reported a net profit growth of 95.08% in Q3, with revenue of 7.08 billion yuan, up 17.94% year-on-year [1] - Guizhou Moutai's chairman Zhang Deqin resigned, with Chen Hua recommended as the new chairman [3] - Victory Shares is planning to acquire gas-related assets controlled by its major shareholder, leading to a stock suspension [3] - Northern Rare Earth's net profit increased by 280% in the first three quarters, driven by higher sales volume [5] - China Nuclear Engineering signed contracts for the construction of the Haiyang Nuclear Power Units 5 and 6 [5] - Kingsoft Office's net profit grew by 35.42% in Q3, with WPS 365 revenue increasing by 71.61% [6] - Postal Savings Bank received approval to establish a financial asset investment company with a registered capital of 10 billion yuan [8] - West Mining's subsidiary won exploration rights for a copper polymetallic mine for 8.609 billion yuan [4] Financial Performance - High德红外 reported a net profit increase of 1059% in Q3, with revenue of 1.134 billion yuan, up 71.07% year-on-year [17] - Purtai's net profit grew by 69% in Q3, supported by strong demand in the power and energy storage battery markets [18] - Yubo Technology's net profit surged by 384% in the first three quarters, driven by rapid growth in AIDC market orders [14] - Sichuan Gold's net profit increased by 184% in Q3, attributed to rising gold prices [16] - Hailey Wind Power's net profit skyrocketed by 779% in Q3, with revenue up 134.73% [7] - Huazhi Technology's net profit rose by 51% in Q3, mainly due to business expansion [5] Strategic Investments - Zhenyu Technology plans to invest 2.11 billion yuan in humanoid robot precision module and component projects [9] - China Aluminum's subsidiary plans to invest 500 million yuan in Yunnan Aluminum Foil [20] - Zhongfu Industrial intends to invest 356 million yuan in a new energy aluminum foil project [19] - Kaishan Group signed contracts for an 800 million USD green ammonia project in Kenya [19]

() () ( ) N 9 C () U C J C W () U C U U U U C C C U U D t a 中铝铝箔（云南）有限公司 审计报告 天 职 业 字 [2025]33113 号 目 录 审计报告 -- -1 -3 2025 年 1-4 月财务报表— -15 2025 年 1-4 月财务报表附注— "的" 报告编码:京25PBH 审计报告 天职业字[2025]33113 号 二、形成审计意见的基础 我们按照中国注册会计师审计准则的规定执行了审计工作。审计报告的"注册会计师对财 务报表审计的责任"部分进一步阐述了我们在这些准则下的责任。按照中国注册会计师职业道 _德守则,我们独立于云南铝箔,并履行了职业道德方面的其他责任。我们相信,我们获取的审 计证据是充分、适当的,为发表审计意见提供了基础。 三、强调事项 -- 编制基础 我们提醒财务报表使用者关注财务报表附注二编制基础的说明。云南铝箔编制财务报表是 为了转让股权。因此，财务报表不适用于其他用途。本段内容不影响已发表的审计意见。 四、其他事项――对审计报告的发送对象和使用的限制 我们的报告仅向云南铝箔出具,供其为股权转让事宜使用,不应被分发 ...

本报告依据中国资产评估准则编制 中国铝业集团高端制造股份有限公司 拟对子公司引入战略投资者涉及的 中铝铝箔（云南）有限公司 股东全部权益价值项目 资产评估报告 中瑞评报字[2025]第 502076 号 （共一册，第一册） 2025 年 10 月 11 日 | 报告编码: | 4743020020202502076 | | --- | --- | | 合同编号: | 2025-301047-1 | | 报告类型: | 法定评估业务资产评估报告 | | 报告文号: | 中瑞评报字[2025]第502076号 | | 报告名称: | 中国铝业集团高端制造股份有限公司拟对子公司引入战略投资者 涉及的中铝铝箔(云南)有限公司股东全部权益价值项目资产评 估报告 | | 评估结论: | 2,087,409,190.62元 | | 评估报告日: | 2025年10月11日 | | 评估机构名称: | 中瑞世联资产评估集团有限公司 | | 签名人员: | 游新会 (资产评估师) 正式会员 编号: 11180134 | | | 李志谦 (资产评估师) 正式会员 编号:23080053 | | | 游新会、李志谦已实名认可 | ...

每经头条（nbdtoutiao）——拉1人入伙返1500元，投10万元成亿万富翁？这家公司大肆宣传将房产海外 代币化，有交了钱的人称是"牙签撬动地球" （记者 王晓波） 每经AI快讯，中国铝业（SH 601600，收盘价：9.4元）10月27日晚间发布三季度业绩公告称，2025年前 三季度营收约1765.16亿元，同比增加1.57%；归属于上市公司股东的净利润约108.72亿元，同比增加 20.65%；基本每股收益0.635元，同比增加20.95%。 截至发稿，中国铝业市值为1613亿元。 ...