6-kAnnouncement

1934 ACT FILE NO. 001-15264


SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________

FORM 6-K
___________________

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934

For the month of October 2010
___________________

Aluminum Corporation of China Limited
(Translation of Registrant's name into English)
___________________

No. 62 North Xizhimen Street
Haidian District, Beijing
People's Republic of China 100082

(Address of principal executive offices)
___________________

         Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F      X       Form 40-F               

         Indicate by check mark if the registrant is submitting the Form 6-K in papers as permitted by Regulation S-T Rule 101(b)(1): __________

         Indicate by check mark if the registrant is submitting the Form 6-K in papers as permitted by Regulation S-T Rule 101(b)(7): __________

         Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes                No      X      

         If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-              


SIGNATURES

          Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Aluminum Corporation of China Limited         
                (Registrant)

 

Date  October 25, 2010       

 

By                 /s/    Liu Qiang                     
Name: Liu Qiang
Title: Company Secretary


Certain statements contained in this announcement may be regarded as "forward-looking statements" within the meaning of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The forward-looking statements included in this announcement represent the Company's views as of the date of this announcement. While the Company anticipates that subsequent events and developments may cause the Company's views to change, the Company specifically disclaims any obligation to update these forward-looking statements, unless required by applicable laws. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this announcement.

 

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

 


logo
logo
Aluminum Corporation of China Limited*
(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 2600)

OVERSEAS REGULATORY ANNOUNCEMENT
2010 THIRD QUARTERLY REPORT

 

1

IMPORTANT NOTICE

 

 

 

1.1

The board of directors (the "Board"), the supervisory committee, the directors, supervisors and senior management of Aluminum Corporation of China Limited* (the "Company") guarantee that this report contains no false representation, misleading information or material omission. All of them jointly and severally accept full responsibility for the truthfulness, accuracy and completeness of the contents of this report.

 

 

 

 

1.2

All Directors of the Company attended the Board meeting.

 

 

 

 

1.3

The financial report of the Company in this 2010 third quarterly report has not been audited.

 

 

 

 

1.4

Mr. Xiong Weiping, Person-in charge of the Company, Mr. Chen Jihua, Person-in charge of Accounting, and Lu Dongliang, Head of the Accounting Department warrant the truthfulness and completeness of the financial statements in this quarterly report.

 

 

 

2

BASIC FINANCIAL CONDITIONS OF THE COMPANY

 

 

 

2.1

Principal accounting information and financial indicators

 

 

 

 

 

Currency: RMB

 

 

 

 

 

 

The end of the

The end of the

Change from the end

 

 

 

reporting period

previous year

of the previous year

 

 

 

 

 

(%)

 

 

 

 

 

 

 

 

Total assets (Thousand RMB)

139,911,168.00

133,975,190.11

4.43

 

 

Owner's equity (or shareholders' equity)

 

 

 

 

 

   (Thousand RMB)

51,181,866.00

50,400,716.36

1.55

 

 

Net assets attributable to shareholders

 

 

 

 

 

   of the Company per share (RMB)

3.78

3.73

1.34

 

 

 

 

 

 

 

 

 

 

From the beginning of

 

 

 

 

 

  the year to the end of

 

 

 

 

 

  the reporting period

Changes from the same

 

 

 

 

 (January-September)

period last year

 

 

 

 

 

(%)

 

 

 

 

 

 

 

 

Net cash flow from operating activities

 

 

 

 

 

   (Thousand RMB)

 

5,415,105.00

N/A

 

 

Net cash flow from operating activities

 

 

 

 

 

   per share (RMB)

 

0.4

N/A

 

 

 

 

 

 

 

 

 

 

From the

 

 

 

 

 

beginning of

 

 

 

 

 

the year to the end

Changes from

 

 

 

The reporting

of the reporting

the same

 

 

 

period (July-

period (January-

period

 

 

 

September)

September)

last year

 

 

 

 

 

(%)

 

 

 

 

 

 

 

 

Net profit attributable to shareholders

 

 

 

 

 

   of the Company (Thousand RMB)

-117,807.00

412,789.00

N/A

 

 

Basic earnings per share (RMB)

-0.0087

0.0305

N/A

 

 

Basic profit per share after

 

 

 

 

 

   extraordinary items (RMB)

-0.0111

0.0067

N/A

 

 

Diluted earnings per share (RMB)

-0.0087

0.0305

N/A

 

 

Return on net assets

-0.24

0.81

Decreased by 0.28

 

 

    (weighted average) (%)

 

 

percentage points

 

 

Return on net assets after extraordinary

-0.29

0.18

Decreased by 0.11

 

 

   items (weighted average) (%)

 

 

percentage points

 

 

 

 

 

 

 

 

Deducting the gain or loss arising from extraordinary items

 

 

 

 

 

 

Amount from the

 

 

 

beginning of the year

 

 

 

to the end of

 

 

Extraordinary items

the reporting period

 

 

 

(Thousand RMB)

 

 

 

 

 

 

Profit and loss from disposal of non-current assets

-1,607

 

 

Government subsidies included in the profit and

 

 

 

   loss of the period (excluding government

 

 

 

   subsidies closely related to the business of

 

 

 

   the Company and are of fixed amount or

 

 

 

   fixed quantity in accordance with

 

 

 

   the State's unified standards)

90,332

 

 

Except for the hedging business that is related to

 

 

 

   the ordinary business of the Company,

 

 

 

   the fair value gains or losses arising from held-for-trading

 

 

 

   financial assets and liabilities and

 

 

 

   investment income from disposing

 

 

 

   held-for-trading financial assets and

 

 

 

   liabilities and available-for-sale financial assets

339,564

 

 

Impairment of receivables subject to separate test

 

 

 

   back to the impairment

2,879

 

 

Other non-operating income and expenses

 

 

 

   other than above items

32,164

 

 

Income tax effect of extraordinary items

-110,359

 

 

Minority interest effect of extraordinary items (after tax)

-30,926

 

 

 


 

 

 

 

 

 

Total

322,047

 

 

 


 

 

 

 

 

2.2

Total number of shareholders and the top ten shareholders not subject to trading moratorium as at the end of the reporting period

 

 

 

 

 

Unit: share

 

 

 

 

 

Total number of shareholders as at the end of the reporting period

596,170

 

 

 

 

 

 

The top ten shareholders of tradable shares not subject to trading moratorium

 

 

 

 

 

 

Number of

 

 

 

 

tradable shares not

 

 

 

 

subject to trading

 

 

 

 

moratorium held

 

 

 

 

as at the end

 

 

 

 

of the reporting

 

 

 

Name of shareholders (in full)

period

Class of share

 

 

 

 

 

 

 

HKSCC Nominees Limited

3,927,217,637

Overseas listed

 

 

 

 

foreign shares

 

 

 

 

 

 

 

China Cinda Asset Management Corporation

900,559,074

RMB denominated

 

 

 

 

ordinary shares

 

 

 

 

 

 

 

China Construction Bank Corporation

709,773,136

RMB denominated

 

 

 

 

ordinary shares

 

 

 

 

 

 

 

Guokai Financial Limited Company

532,070,780

RMB denominated

 

 

 

 

ordinary shares

 

 

 

 

 

 

 

Guizhou Provincial Materials Development

72,800,000

RMB denominated

 

 

   and Investment Corporation

 

ordinary shares

 

 

 

 

 

 

 

Guangxi Investment Group Co., Ltd.

45,824,742

RMB denominated

 

 

 

 

ordinary shares

 

 

 

 

 

 

 

ICBC - Shanghai 50 ETF Index Securities Investment Fund

18,759,551

RMB denominated

 

 

 

 

ordinary shares

 

 

 

 

 

 

 

Guotai Junan - China Construction Bank

17,279,626

RMB denominated

 

 

   - The Hong Kong and Shanghai

 

ordinary shares

 

 

   Banking Corporation Ltd

 

 

 

 

 

 

 

 

 

UBS AG

12,337,472

RMB denominated

 

 

 

 

ordinary shares

 

 

 

 

 

 

 

Bank of China - Harvest Shanghai Shenzhen 300

12,130,617

RMB denominated

 

 

   Index Securities Investment Fund

 

ordinary shares

 

 

 

 

 

3

SIGNIFICANT EVENTS

 

 

 

3.1

Material changes in major accounting items and financial indicators and the reasons thereof

 

 

 

 

 

   Applicable

   Not Applicable

 

 

 

 

 

1.

Revenue increased by 97% year-on-year, mainly due to the increase in production and sales volume as a result of the substantial rebound in market price of the Group's major products.

 

 

 

 

 

 

2.

Operating costs increased by 82% year-on-year, mainly due to the increase in production and sales volume as a result of the substantial rebound in market price of the Group's major products.

 

 

 

 

 

 

3.

Financial assets held for trading increasing by 32,719% to reach RMB21,004,000 as compared with the beginning of the year, mainly due to the floating earnings from futures positions held by the Company.

 

 

 

 

 

 

4.

Bills receivable decreased by 38% as compared with the beginning of the year, mainly due to certain bills receivable being received by the Company.

 

 

 

 

 

 

5.

Net accounts receivable increased by 76% as compared with the beginning of the year, mainly due to the growth of accounts receivable as a result of the increased sales volume during the period.

 

 

 

 

 

 

6.

Prepayments increased by 160% as compared with the beginning of the year, mainly due to the increase in the purchase of raw and ancillary materials during the period.

 

 

 

 

 

 

7.

Other net receivable increased by 79% as compared with the beginning of the year, mainly due to the increase in prepaid contribution in resources restructuring during the period.

 

 

 

 

 

 

8.

Provision for inventory impairment increased by 151% as compared with the beginning of the year, mainly due to the provision for inventory impairment of RMB290 million during the period and the write-off of certain impairment provision from cost of main operations following the sales of products as a result of the continuous rally in aluminum price.

 

 

 

 

 

 

9.

Other current assets increased by 33% as compared with the beginning of the year, mainly due to the increase of RMB540 million in the assets held for sale held by Henan Aluminum Co., Limited* ("Henan Aluminum") during the period.

 

 

 

 

 

 

10.

Long-term equity investments increased by 129% as compared with the beginning of the year, mainly due to the increase in both the investment in an associated company, Zhaogu Coal, and the investment gains in associated companies and joint ventures during the period.

 

 

 

 

 

 

11.

Impairment provision for fixed assets decreased by 74% as compared with the beginning of the year, mainly due to the write-off of impairment of original fixed assets as a result of assets scrapping.

 

 

 

 

 

 

12.

Impairment provision for construction in progress decreased by 90% as compared with the beginning of the year, mainly due to the decrease in transfer of construction in progress to assets held for sale of Henan Aluminum, a subsidiary of the Group, during the period.

 

 

 

 

 

 

13.

Financial liabilities held for trading decreased by 94% as compared with the beginning of the year, mainly due to the decrease in floating losses from futures positions held by the Company.

 

 

 

 

 

 

14.

Advance receipts increased by 86% as compared with the beginning of the year, mainly due to advance receipts in respect of sales of alumina and aluminum to the Company.

 

 

 

 

 

 

15.

Interest payable increased by 54% as compared with the beginning of the year, mainly due to the interests accrued as a result of the issue of long-term bonds by the Company.

 

 

 

 

 

 

16.

Non-current liabilities due within one year increased by 184% as compared with the beginning of the year, mainly due to new medium-term notes and long-term borrowings due within one year recorded during the period.

 

 

 

 

 

 

17.

Other current liabilities increased by 9,588% as compared with the beginning of the year, mainly due to the issue of short-term bonds of RMB10.7 billion during the period.

 

 

 

 

 

 

18.

Special payables increased by 1,106% as compared with the beginning of the year, mainly due to the actual government financial subsidy received during the period.

 

 

 

 

 

 

19.

Deferred income tax liabilities decreased by 86% as compared with the beginning of the year, mainly due to the reversal of the deferred income tax liabilities recognized in the previous year by certain subsidiaries during the period.

 

 

 

 

 

 

20.

Special reserve increased by 48% as compared with the beginning of the year, mainly due to the excess of safety reserve fund newly accrued over the amount used during the period.

 

 

 

 

 

 

21.

Currency translation differences increased by 72% as compared with the beginning of the year, mainly due to the increase in the value of Australian dollar assets held by Chalco Hong Kong Limited on the back of the appreciation in Australian dollar.

 

 

 

 

 

3.2

Significant events and their effect and analysis on solutions

 

 

 

 

 

   Applicable

   Not Applicable

 

 

 

 

3.3

Implementation of undertakings by the Company, its shareholders and de facto controller

 

 

 

 

 

   Applicable

   Not Applicable

 

 

 

 

 

During the A share issue, the Company undertook to sell its aluminum fabrication business or acquire Chinalco's aluminum fabrication business, and acquire Chinalco's pseudo-boehmite business within a certain period of time following the listing of its A shares.

 

 

 

 

 

Certain subsidiaries of the Company had minor activities in the pseudo-boehmite business. However, as the pseudo-boehmite business was not among the principal activities of the Company, sales revenue from this segment made up an insignificant portion of the Company's revenue and the sales locations of pseudo-boehmite of the Company and Chinalco were different, the competition between Chinalco and the Company in respect of pseudo-boehmite business was limited.

 

 

 

 

 

Up till now, in consideration of that pseudo-boehmite business of Chinalco have yet fulfilled the conditions for injection to the Company in terms of profitability and ownership, the Company will complete the acquisition of the business when such conditions are fulfilled.

 

 

 

 

 

Apart from non-performance of the undertaking in relation to injection of the pseudo-boehmite business to the Company's portfolio due to objective factors, other undertakings of Chinalco have been duly performed.

 

 

 

 

3.4

Warning on any potential loss in accumulated net profit for the period from the beginning of the year to the end of the next reporting period or any material change from the corresponding period of last year and the reason thereof

 

 

 

 

 

   Applicable

   Not Applicable

 

 

 

 

 

As the global economy continues to regain its momentum and the PRC economy grows steadily, aluminum consumption gradually increases. As cost reduction measures adopted by the Group gradually take effect, and production and sales volume and profitability of major products gradually pick up, financial performance has been improved. Therefore, the Group is expected to record a profit from the beginning of the year to the end of the next reporting period. Details will be disclosed in the 2010 annual results of the Company.

 

 

 

 

3.5

Implementation of cash dividend distribution policy during the reporting period

 

 

 

 

 

The Company had specified its cash dividend distribution policy in the prospectus.

 

 

 

 

 

There was no implementation of cash dividend distribution during the reporting period.

 

 

 

 

Aluminum Corporation of China Limited*

 

Legal representative: Xiong Weiping

 

 

4

APPENDICES

 

 

 

4.1

Consolidated Balance Sheet

 

 

As at 30 September 2010

 

 

Prepared by: Aluminum Corporation of China Limited*

Unit: Thousand RMB, Unaudited

 

 

 

 

 

 

Items

Closing balance

Opening balance

 

 

 

 

 

 

 

Current assets:

 

 

 

 

   Cash

8,445,744

7,858,760

 

 

   Settlement reserve

 

 

 

 

   Placements with banks and

 

 

 

 

      other financial institutions

 

 

 

 

   Held-for-trading financial assets

21,004

64

 

 

   Bills receivable

1,109,760

1,785,631

 

 

   Accounts receivable

2,500,950

1,417,451

 

 

   Prepayments

3,230,971

1,240,937

 

 

   Premiums receivable

 

 

 

 

   Receivables from reinsurers

 

 

 

 

   Deposits receivable from

 

 

 

 

      reinsurance agreements

 

 

 

 

   Interests receivable

 

 

 

 

   Dividends receivable

 

 

 

 

   Other receivable

2,112,274

1,183,029

 

 

   Purchases of resold financial assets

 

 

 

 

   Inventories

20,575,690

20,423,227

 

 

   Non-current assets due within one year

243,614

443,128

 

 

   Other current assets

2,631,174

1,981,650

 

 

 



 

 

 

 

 

 

 

Total current assets

40,871,181

36,333,877

 

 

 



 

 

 

 

 

 

 

Non-current assets:

 

 

 

 

   Entrusted loans and advances granted

 

 

 

 

   Financial assets available-for-sale

0

1,435

 

 

   Held-to-maturity investments

 

 

 

 

   Long-term receivables

 

 

 

 

   Long-term equity investments

2,149,135

937,407

 

 

   Investment properties

 

 

 

 

   Fixed assets

68,400,508

70,199,889

 

 

   Construction in progress

21,118,284

18,978,257

 

 

   Construction materials

400,259

482,935

 

 

   Disposals of fixed assets

 

 

 

 

   Biological assets for production

 

 

 

 

   Oil and gas assets

 

 

 

 

   Intangible assets

2,760,439

2,630,287

 

 

   Development expenses

 

 

 

 

   Goodwill

2,362,736

2,362,735

 

 

   Long-term deferred expenditures

136,362

163,572

 

 

   Deferred income tax assets

1,572,264

1,647,240

 

 

   Other non-current assets

140,000

237,555

 

 

   Total non-current assets

99,039,987

97,641,312

 

 

 



 

 

 

 

 

 

 

Total assets

139,911,168

133,975,189

 

 

 



 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

   Short-term borrowings

18,468,513

22,993,285

 

 

   Borrowings from central bank

 

 

 

 

   Deposit taking and deposit in

 

 

 

 

      inter-bank market

 

 

 

 

   Placements from banks and other

 

 

 

 

      financial institutions

 

 

 

 

   Held-for-trading financial liabilities

2,902

47,855

 

 

   Notes payable

1,863,153

1,731,707

 

 

   Accounts payable

4,932,752

4,440,736

 

 

   Payments received in advance

1,837,990

989,734

 

 

   Disposal of repurchased financial assets

 

 

 

 

   Handling charges and commissions payable

 

 

 

 

   Staff remuneration payable

405,547

318,703

 

 

   Taxes payable

476,645

415,365

 

 

   Interests payable

521,373

338,476

 

 

   Dividends payable

92,099

115,978

 

 

   Other payable

4,604,710

5,249,808

 

 

   Reinsurance accounts payable

 

 

 

 

   Deposits for insurance contracts

 

 

 

 

   Agent brokage fee

 

 

 

 

   Agent underwriting fee

 

 

 

 

   Non-current liabilities due within one year

9,314,032

3,277,931

 

 

   Other current liabilities

10,684,758

110,283

 

 

 



 

 

 

 

 

 

 

Total current liabilities

53,204,474

40,029,861

 

 

 



 

 

 

 

 

 

 

Non-current liabilities:

 

 

 

 

   Long-term borrowings

20,210,898

25,899,249

 

 

   Debentures payable

8,969,416

11,905,233

 

 

   Long-term payables

16,710

25,090

 

 

   Special payables

273,192

22,660

 

 

   Accrued liabilities

 

 

 

 

   Deferred income tax liabilities

4,946

34,535

 

 

   Other non-current liabilities

395,115

477,404

 

 

   Total non-current liabilities

29,870,277

38,364,171

 

 

 



 

 

 

 

 

 

 

Total liabilities

83,074,751

78,394,032

 

 

 



 

 

 

 

 

 

 

Shareholder's equity:

 

 

 

 

   Share capital

13,524,488

13,524,488

 

 

   Capital reserve

13,556,337

13,282,199

 

 

   Less: Treasury stock

 

 

 

 

   Special reserve

83,810

56,747

 

 

   Surplus reserve

5,799,021

5,799,232

 

 

   General risk provision

 

 

 

 

   Undistributed profit

18,233,410

17,820,353

 

 

   Foreign currencies translations differences

-15,200

-54,926

 

 

   Total owners' equity attributable

 

 

 

 

      to the parent company

51,181,866

50,428,093

 

 

   Minority interests

5,654,551

5,153,064

 

 

   Total shareholders' equity

56,836,417

55,581,157

 

 

 



 

 

 

 

 

 

 

Total liabilities and shareholders' equity

139,911,168

133,975,189

 

 

 



 

 

 

 

 

 

 

Company Legal

Person-in-charge

Head of Accounting

 

 

Representative:

of Accounting:

Department:

 

 

Xiong Weiping

Chen Jihua

Lu Dongliang

 

 

 

 

 

 

 

Balance Sheet of the Parent Company

 

 

As at 30 September 2010

Unit: Thousand RMB, Unaudited

 

 

Prepared by: Aluminum Corporation of China Limited*

 

 

 

 

 

 

 

Items

Closing balance

Opening balance

 

 

 

 

 

 

 

Current assets:

 

 

 

 

   Cash and cash equivalents

4,667,656

4,382,291

 

 

   Held-for-trading financial assets

 

 

 

 

   Bills receivable

651,131

1,170,264

 

 

   Accounts receivable

1,931,558

1,754,022

 

 

   Prepayments

913,791

375,940

 

 

   Interests receivable

 

 

 

 

   Dividends receivable

141,651

141,651

 

 

   Other receivable

3,749,794

2,952,559

 

 

   Inventories

10,600,183

10,586,033

 

 

   Non-current assets due within one year

28,000

28,000

 

 

   Other current assets

557,275

588,173

 

 

 



 

 

 

 

 

 

 

Total current assets

23,241,039

21,978,933

 

 

 



 

 

 

 

 

 

 

Non-current assets:

 

 

 

 

   Financial assets available-for-sale

 

 

 

 

   Held-to-maturity investment

 

 

 

 

   Long-term receivables

 

 

 

 

   Long-term equity investments

14,098,881

13,027,237

 

 

   Investment properties

 

 

 

 

   Fixed assets

45,195,588

46,188,672

 

 

   Construction in progress

10,983,476

9,625,242

 

 

   Construction materials

164,070

155,661

 

 

   Disposal of fixed assets

 

 

 

 

   Biological assets for production

 

 

 

 

   Oil and gas assets

 

 

 

 

   Intangible assets

1,197,531

1,089,898

 

 

   Development expenses

 

 

 

 

   Goodwill

2,330,946

2,330,945

 

 

   Long-term deferred expenditures

67,963

80,156

 

 

   Deferred income tax assets

1,051,524

1,199,094

 

 

   Other non-current assets

140,000

168,000

 

 

   Total non-current assets

75,229,979

73,864,905

 

 

 



 

 

 

 

 

 

 

Total assets

98,471,018

95,843,838

 

 

 



 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

   Short-term borrowings

4,400,000

10,800,000

 

 

   Held-for-trading financial liabilities

368

29,952

 

 

   Notes payable

149,500

511,202

 

 

   Accounts payable

2,522,786

2,060,028

 

 

   Payments received in advance

308,587

281,294

 

 

   Staff remuneration payable

248,179

208,994

 

 

   Taxes payable

282,414

209,526

 

 

   Interests payable

475,908

304,855

 

 

   Dividends payable

 

 

 

 

   Other payable

2,846,367

3,389,733

 

 

   Non-current liabilities due within one year

7,605,725

470,346

 

 

   Other current liabilities

9,982,972

49,486

 

 

 



 

 

 

 

 

 

 

Total current liabilities

28,822,806

18,315,416

 

 

 



 

 

 

 

 

 

 

Non-current liabilities:

 

 

 

 

   Long-term borrowings

9,060,723

14,626,268

 

 

   Debentures payable

8,969,416

11,905,233

 

 

   Long-term payables

16,710

25,090

 

 

   Special payables

164,700

22,660

 

 

   Accrued liabilities

 

 

 

 

   Deferred income tax liabilities

 

 

 

 

   Other non-current liabilities

252,196

272,722

 

 

   Total non-current liabilities

18,463,745

26,851,973

 

 

 



 

 

 

 

 

 

 

Total liabilities

47,286,551

45,167,389

 

 

 



 

 

 

 

 

 

 

Shareholder's equity:

 

 

 

 

   Share capital

13,524,488

13,524,488

 

 

   Capital reserve

14,184,987

14,172,556

 

 

   Less: Treasury stock

 

 

 

 

   Special Reserve

44,014

26,290

 

 

   Surplus Reserve

5,799,232

5,799,232

 

 

   General risk provision

 

 

 

 

   Undistributed profit

17,631,746

17,153,883

 

 

   Total shareholder's equity

51,184,467

50,676,449

 

 

 



 

 

 

 

 

 

 

Total liabilities and owners' equity

98,471,018

95,843,838

 

 

 



 

 

 

 

 

 

 

Company Legal

Person-in-charge

Head of Accounting

 

 

Representative:

of Accounting:

Department:

 

 

Xiong Weiping

Chen Jihua

Lu Dongliang

 

 

 

 

 

 

4.2

Consolidated Income Statement

 

 

Prepared by: Aluminum Corporation of China Limited

 

 

 

 

 

 

 

 

Unit: Thousand RMB Unaudited

 

 

 

 

 

 

 

 

 

 

From the

 

 

 

 

 

From the

beginning of

 

 

 

 

 

beginning

previous year to

 

 

 

 

Amount for the

of year to

the end of the

 

 

 

 

corresponding

the end of

reporting

 

 

 

Amount

period of the

the reporting

period of the

 

 

 

for the period

previous year

period

previous year

 

 

 

(July -

(July -

(January -

(January -

 

 

Items

September)

September)

September)

September)

 

 

 

 

 

 

 

 

 

1.

Total operating revenue

28,794,263

17,076,185

88,572,732

45,060,869

 

 

 

Including:

operating revenue

28,794,263

17,076,185

88,572,732

45,060,869

 

 

 

 

Interest income

 

 

 

 

 

 

 

 

Premiums earned

 

 

 

 

 

 

 

 

Handling charges and

 

 

 

 

 

 

 

 

   commission income

 

 

 

 

 

 

2.

Total cost of operations

29,035,325

17,090,073

88,550,425

49,916,160

 

 

 

Including:

operating cost

27,479,116

15,608,882

83,193,278

45,605,866

 

 

 

 

Interest expenses

 

 

 

 

 

 

 

 

Handling charges and

 

 

 

 

 

 

 

 

   commission expenses

 

 

 

 

 

 

 

 

Returned premium

 

 

 

 

 

 

 

 

Net expenditure for

 

 

 

 

 

 

 

 

   compensation

 

 

 

 

 

 

 

 

   payments

 

 

 

 

 

 

 

 

Net provision for

 

 

 

 

 

 

 

 

   insurance deposits

 

 

 

 

 

 

 

 

Policyholder dividend

 

 

 

 

 

 

 

 

   expenses

 

 

 

 

 

 

 

 

Reinsurance costs

 

 

 

 

 

 

 

 

Business tax and

 

 

 

 

 

 

 

 

   surcharges

81,686

75,183

253,371

181,589

 

 

 

 

Selling expenses

369,440

312,132

1,157,522

866,495

 

 

 

 

Administrative expenses

483,233

526,005

1,722,458

1,648,470

 

 

 

 

Finance expenses

624,282

567,973

1,922,756

1,617,068

 

 

 

 

Loss on assets

 

 

 

 

 

 

 

 

   impairment

-2,432

-102

301,040

-3,328

 

 

 

Add:

Gains on fair

 

 

 

 

 

 

 

 

   value changes

 

 

 

 

 

 

 

 

    (loss stated with "-")

-26,711

-64,998

65,892

14,708

 

 

 

 

Investment income

 

 

 

 

 

 

 

 

    (loss stated with "-")

122,679

186,438

634,904

385,247

 

 

 

Including:

Investment income

 

 

 

 

 

 

 

 

   from associated

 

 

 

 

 

 

 

 

   Companies and

 

 

 

 

 

 

 

 

   jointly controlled

 

 

 

 

 

 

 

 

   entities

91,214

21,024

362,600

-48,360

 

 

 

 

Foreign currency

 

 

 

 

 

 

 

 

   exchange gains

 

 

 

 

 

 

 

 

    (loss stated with "-")

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.

Operating profit

 

 

 

 

 

 

 

   (loss stated with "-")

-145,094

107,552

723,103

-4,455,336

 

 

 

Add:

Non-operating income

55,338

20,085

164,022

150,307

 

 

 

Less:

Non-operating expenses

13,951

15,815

42,963

29,990

 

 

 

Including:

Net loss from disposal

 

 

 

 

 

 

 

 

   of non-current assets

1,080

313

7,718

6,866

 

 

 

 

 

 

 

 

 

 

 

4.

Total profit (total loss stated with "-")

-103,707

111,822

844,162

-4,335,019

 

 

 

Less:

Income tax expenses

-310

-41,269

148,587

-713,402

 

 

 

 

 

 

 

 

 

 

 

5.

Net profit (net loss stated with "-")

-103,397

153,091

695,575

-3,621,617

 

 

 

Net profit attributable to

 

 

 

 

 

 

 

   shareholders of the

 

 

 

 

 

 

 

   parent company

-117,807

21,266

412,789

-3,500,492

 

 

 

Minority interests

14,410

131,825

282,786

-121,125

 

 

 

 

 

 

 

 

 

 

6.

Earnings per share:

 

 

 

 

 

 

 

(i)

Basic earnings per share

-0.0087

0.0016

0.0305

-0.2588

 

 

 

(ii)

Diluted earnings per share

-0.0087

0.0016

0.0305

-0.2588

 

 

 

 

 

 

 

 

 

 

 

7.

Other comprehensive income

84,310

-39,431

39,726

106,341

 

 

 

 

 

 

 

 

 

 

8.

Total comprehensive income

-19,087

113,660

735,301

-3,515,276

 

 

 

Total comprehensive income

 

 

 

 

 

 

 

   attributable to owners

 

 

 

 

 

 

 

   of the parent company

-33,497

-18,165

452,515

-3,394,151

 

 

 

Total comprehensive income

 

 

 

 

 

 

 

   attributable to minority interest

14,410

131,825

282,786

-121,125

 

 

 

 

 

 

 

 

 

 

Company Legal

Person-in-charge

Head of Accounting

 

 

Representative:

of Accounting:

Department:

 

 

Xiong Weiping

Chen Jihua

Lu Dongliang

 

 

 

 

 

 

 

Income Statement of the Parent Company

 

 

Prepared by: Aluminum Corporation of China Limited

 

 

 

 

 

 

 

 

Unit: Thousand RMB Unaudited

 

 

 

 

 

 

 

 

 

 

From the

 

 

 

 

 

From the

beginning of

 

 

 

 

 

beginning

previous year to

 

 

 

 

 

of year to

the end of the

 

 

 

 

Amount for the

the end of

reporting

 

 

 

Amount

corresponding

the reporting

period of the

 

 

 

for the period

period of the

period

previous year

 

 

 

(July -

previous year

(January -

(January -

 

 

Items

September)

(July -September)

September)

September)

 

 

 

 

 

 

 

 

 

1.

Operating revenue

10,619,404

8,838,139

32,859,325

22,412,020

 

 

 

Less:

operating costs

10,106,111

8,132,713

29,901,935

23,554,920

 

 

 

 

Business tax and

 

 

 

 

 

 

 

 

   surcharges

55,207

45,627

167,704

100,733

 

 

 

 

Selling expenses

210,376

179,177

686,671

491,242

 

 

 

 

Administrative expenses

307,094

341,859

1,105,543

1,073,055

 

 

 

 

Finance expenses

321,147

335,725

1,068,595

914,438

 

 

 

 

Loss on assets

 

 

 

 

 

 

 

 

   impairment

-1,874

-8,981

87,270

-12,754

 

 

 

Add:

Gains on fair value

 

 

 

 

 

 

 

 

   changes (loss stated

 

 

 

 

 

 

 

 

   with "-")

250

 

29,585

 

 

 

 

 

Investment income

 

 

 

 

 

 

 

 

    (loss stated with "-")

484,780

32,011

689,204

15,504

 

 

 

Including:

Investment income

 

 

 

 

 

 

 

 

   from associated

 

 

 

 

 

 

 

 

   companies and

 

 

 

 

 

 

 

 

   jointly controlled

 

 

 

 

 

 

 

 

   entities

22,050

20,029

189,439

-17,471

 

 

 

 

 

 

 

 

 

 

 

2.

Operating profit

 

 

 

 

 

 

 

    (loss stated with "-")

106,373

-155,970

560,396

-3,694,110

 

 

 

Add:

Non-operating income

45,502

11,432

89,005

100,987

 

 

 

Less:

Non-operating expenses

8,408

10,393

28,950

20,178

 

 

 

Including:

Net loss from disposal

 

 

 

 

 

 

 

 

   of non-current assets

161

149

6,572

6,359

 

 

 

 

 

 

 

 

 

 

 

3.

Total profit (total loss stated with "-")

143,467

-154,931

620,451

-3,613,301

 

 

 

Less:

Income tax expenses

104,638

-11,026

142,589

-676,352

 

 

 

 

 

 

 

 

 

 

 

4.

Net profit (net loss stated with "-")

38,829

-143,905

477,862

-2,936,949

 

 

 

 

 

 

 

 

 

 

5.

Earnings per share:

 

 

 

 

 

 

 

(i)

Basic earnings per share

 

 

 

 

 

 

 

(ii)

Diluted earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6.

Other comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7.

Total comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company Legal

Person-in-charge

Head of Accounting

 

 

Representative:

of Accounting:

Department:

 

 

Xiong Weiping

Chen Jihua

Lu Dongliang

 

 

 

 

 

 

4.3

Consolidated Cash Flow Statement

 

 

January-September 2010

 

 

 

Prepared by: Aluminum Corporation of China Limited

 

 

 

 

 

 

 

 

Unit: Thousand RMB Unaudited

 

 

 

 

 

 

 

 

From the

 

 

 

From the

beginning of the

 

 

 

beginning of the

previous year to

 

 

 

year to the end

the end of the

 

 

 

of the reporting

reporting period of

 

 

Items

period

the previous year

 

 

 

 

 

 

 

1.

Cash flow from operating activities:

 

 

 

 

 

Cash received from product sales and

 

 

 

 

 

   rendering of services

107,596,248

55,366,666

 

 

 

Net increase in deposits from customers and

 

 

 

 

 

   placements from banks and

 

 

 

 

 

   other financial institutions

 

 

 

 

 

Net increase in borrowings from central bank

 

 

 

 

 

Net increase in placements from

 

 

 

 

 

   other financial institutions

 

 

 

 

 

Cash received from premiums of

 

 

 

 

 

   original insurance contracts

 

 

 

 

 

Net cash received from reinsurance business

 

 

 

 

 

Net increase in deposits from

 

 

 

 

 

   policyholders and investments

 

 

 

 

 

Net increase in disposal of held-for-trading

 

 

 

 

 

   financial assets

 

 

 

 

 

Cash received from interest, handling charges

 

 

 

 

 

   and commissions

 

 

 

 

 

Net increase in capital due to banks and

 

 

 

 

 

   other financial institutions

 

 

 

 

 

Net increase in repurchases

 

 

 

 

 

Refund of tax and levies received

123,925

136,212

 

 

 

Other cash received relating to

 

 

 

 

 

   operating activities

213,858

158,148

 

 

 

Sub-total of cash inflow

 

 

 

 

 

   from operating activities

107,934,031

55,661,026

 

 

 

Cash paid for purchase of goods and

 

 

 

 

 

   receipt of services

93,592,513

47,389,014

 

 

 

Net increase in loans and advances to customers

 

 

 

 

 

Net increase in placements with central bank

 

 

 

 

 

   and other financial institutions

 

 

 

 

 

Cash paid for claims on original insurance contracts

 

 

 

 

 

Cash payment for interest, handling charges

 

 

 

 

 

   and commissions

 

 

 

 

 

Cash payment for policyholder dividend

 

 

 

 

 

Cash paid to and on behalf of employees

4,678,102

3,941,692

 

 

 

Taxes and surcharges paid

2,481,205

3,038,919

 

 

 

Other cash paid relating to operating activities

1,767,106

1,412,103

 

 

 

Sub-total of cash outflow from operating activities

102,518,926

55,781,728

 

 

 

 



 

 

 

 

 

 

 

 

 

Net cash flow from operating activities

5,415,105

-120,702

 

 

 

 



 

 

 

 

 

 

 

 

2.

Cash flows from investment activities:

 

 

 

 

 

Cash received from disposal of investments

510,826

0

 

 

 

Cash received from returns on investments

1,520

3,029

 

 

 

Net cash received from disposal of fixed assets,

 

 

 

 

 

   intangible assets and other long-term assets

131,429

5,877

 

 

 

Net cash received from disposal of subsidiaries

 

 

 

 

 

   and other operating entities

 

 

 

 

 

Other cash received relating to investment activities

429,605

257,550

 

 

 

Sub-total of cash inflow from investment activities

1,073,380

266,456

 

 

 

Cash paid to acquire fixed assets, intangible assets

 

 

 

 

 

   and other long-term assets

6,082,775

7,168,055

 

 

 

Cash paid for investment

781,569

54,001

 

 

 

Net increase in pledged loans

 

 

 

 

 

Net cash paid for acquisition of subsidiaries

 

 

 

 

 

   and other operating entities

-22,893

69,356

 

 

 

Other cash paid relating to investment activities

697,166

571,510

 

 

 

Sub-total of cash outflow

 

 

 

 

 

   from investment activities

7,538,617

7,862,922

 

 

 

 



 

 

 

 

 

 

 

 

 

Net cash flows from investment activities

-6,465,237

-7,596,466

 

 

 

 



 

 

 

 

 

 

 

 

3.

Cash flow from financing activities:

 

 

 

 

 

Proceeds received from investments

201,040

0

 

 

 

Including:

Proceeds received by subsidiaries

 

 

 

 

 

 

   from minority shareholders'

 

 

 

 

 

 

   investment

201,040

0

 

 

 

Cash received from borrowings

23,513,465

20,502,559

 

 

 

Cash received from issue of debentures

12,724,470

0

 

 

 

Other cash received relating to financing activities

 

 

 

 

 

Sub-total of cash inflow from financing activities

36,438,975

20,502,559

 

 

 

Cash paid for repayment

32,558,619

18,166,334

 

 

 

Cash paid for dividend and profit

 

 

 

 

 

   distribution or interest repayment

2,265,760

2,519,966

 

 

 

Including:

Dividend and profit

 

 

 

 

 

 

   paid by subsidiaries

 

 

 

 

 

 

   to minority shareholders

102,890

50,636

 

 

 

Other cash paid relating to financing activities

29,410

503,270

 

 

 

Sub-total of cash outflow from financing activities

34,853,789

21,189,570

 

 

 

 



 

 

 

 

 

 

 

 

 

Net cash flows from financing activities

1,585,186

-687,011

 

 

 

 



 

 

 

 

 

 

 

 

4.

Effect on cash and cash equivalents due to

 

 

 

 

 

change in foreign currency exchange rate

48,845

20,609

 

 

 

 

 

 

 

 

5.

Net increase in cash and cash equivalents

583,899

-8,383,570

 

 

 

Add:

Balance of cash and cash equivalents

 

 

 

 

 

 

   at the beginning of the period

7,401,410

15,982,130

 

 

 

 

 

 

 

 

 

6.

Balance of cash and cash equivalents

 

 

 

 

 

   at the end of the period

7,985,309

7,598,560

 

 

 

 

 

 

 

 

Company Legal

Person-in-charge

Head of Accounting

 

 

Representative:

of Accounting:

Department:

 

 

Xiong Weiping

Chen Jihua

Lu Dongliang

 

 

 

 

 

 

 

Cash Flow Statement of the Parent Company

 

 

January-September 2010

 

 

 

Prepared by: Aluminum Corporation of China Limited

 

 

 

 

 

 

 

 

Unit: Thousand RMB Unaudited

 

 

 

 

 

 

 

 

From the

 

 

 

From the

beginning of the

 

 

 

beginning of the

previous year to

 

 

 

year to the end

the end of the

 

 

 

of the reporting

reporting period of

 

 

Items

period

the previous year

 

 

 

 

 

 

 

1.

Cash flow from operating activities:

 

 

 

 

 

Cash received from product sales and

 

 

 

 

 

   rendering of services

35,845,084

27,692,306

 

 

 

Refund of tax and levies received

 

 

 

 

 

Other cash received relating to operating activities

126,899

80,966

 

 

 

Sub-total of cash inflow from operating activities

35,971,983

27,773,272

 

 

 

Cash paid for purchase of goods and

 

 

 

 

 

   receipt of services

25,494,428

20,736,068

 

 

 

Cash paid to and on behalf of employees

3,452,046

2,950,881

 

 

 

Taxes and surcharges paid

1,919,516

894,671

 

 

 

Other cash paid relating to operating activities

1,920,116

1,255,309

 

 

 

Sub-total of cash outflow from operating activities

32,786,106

25,836,929

 

 

 

 



 

 

 

 

 

 

 

 

 

Net cash flow from operating activities

3,185,877

1,936,343

 

 

 

 



 

 

 

 

 

 

 

 

2.

Cash flows from investment activities:

   

 

 

 

Cash received from disposal of investments

510,826

428,000

 

 

 

Cash received from returns on investments

68,831

61,162

     

Net cash received from disposal of fixed assets,

   
     

   intangible assets and other long-term assets

305,916

2,161

     

Net cash received from disposal of subsidiaries

   
     

   and other operating entities

   
     

Other cash received relating to investment activities

340,223

4,017,255

     

Sub-total of cash inflow from investment activities

1,225,796

4,508,578

     

Cash paid to acquire fixed assets, intangible assets

   

 

 

 

   and other long-term assets

3,864,631

3,704,298

 

 

 

Cash paid for investment

71,325

1,554,001

 

 

 

Net cash paid for acquisition of subsidiaries

   

 

 

 

   and other operating entities

826,554

69,356

 

 

 

Other cash paid relating to investment activities

584,166

2,583,090

 

 

 

Sub-total of cash outflow

   

 

 

 

   from investment activities

5,346,676

7,910,745

 

 

 

 



 

 

 

 

 

 

 

 

 

Net cash flows from investment activities

-4,120,880

-3,402,167

 

 

 

 



 

 

 

 

 

 

 

 

3.

Cash flows from financing activities:

   

 

 

 

Proceeds received from investments

   

 

 

 

Cash received from borrowings

7,110,000

11,073,867

 

 

 

Other cash received relating to financing activities

12,049,833

0

 

 

 

Sub-total of cash inflow from financing activities

19,159,833

11,073,867

 

 

 

Cash paid for repayment

16,925,167

11,047,369

 

 

 

Cash paid for dividend and profit distribution

   

 

 

 

   or interest repayment

1,083,094

1,448,550

 

 

 

Other cash paid relating to financing activities

0

47,000

 

 

 

Sub-total of cash outflow from financing activities

18,008,261

12,542,919

 

 

 

 



 

 

 

 

 

 

 

 

 

Net cash flows from financing activities

1,151,572

-1,469,052

 

 

 

 



 

 

 

 

 

 

 

 

4.

Effect on cash and cash equivalents due to

   

 

 

 

   change in foreign currency exchange rate

21,064

433

 

 

 

 

 

 

 

 

5.

Net increase in cash and cash equivalents

237,633

-2,934,443

 

 

 

Add:

Balance of cash and cash equivalents

   
       

   at the beginning of the period

4,350,873

7,030,857

 

 

 

 

 

 

 

 

6.

Balance of cash and cash equivalents

   

 

 

 

   at the end of the period

4,588,506

4,096,414

 

 

 

 

 

 

 

 

Company Legal

Person-in-charge

Head of Accounting

 

 

Representative:

of Accounting:

Department:

 

 

Xiong Weiping

Chen Jihua

Lu Dongliang

 

 

 

 

 


 
 

By order of the Board of

 

Aluminum Corporation of China Limited*

 

Xiong Weiping

 

Chairman and CEO

   

Beijing, the PRC

25 October 2010

 

As at the date of this announcement, the members of the Board of Directors comprise Mr. Xiong Weiping, Mr. Luo Jianchuan, Mr. Chen Jihua and Mr. Liu Xiangmin (Executive Directors); Mr. Shi Chungui and Mr. Lv Youqing (Non-executive Directors); Mr. Zhang Zhuoyuan, Mr. Wang Mengkui and Mr. Zhu Demiao (Independent Non-executive Directors).

 

*   For identification purpose only

 

About the Company

Our contact information of this release is:

*

Business address: No. 62 North Xizhimen Street, Haidian District, Beijing, People's Republic of China, 100082

*

Telephone number: (86-10) 8229 8103

*

Website: http://www.chalco.com.cn

*

Contact person: Liu Qiang, Company Secretary