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 April 2013
___________________

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  April 26, 2013             

 

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.


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

(Stock Code: 2600)

2013 FIRST QUARTERLY REPORT

This announcement is made by Aluminum Corporation of China Limited* (the "Company" or, together with its subsidiaries, the "Group") pursuant to Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rules 13.09 and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

 

1

IMPORTANT NOTICE

 

 

 

1.1

The board of directors, the supervisory committee, the directors, supervisors and senior management of the Company guarantee that this report contains no false representation, misleading statement or material omission. All of them jointly and severally accept responsibility for the truthfulness, accuracy and completeness of the contents of this report.

 

 

 

 

1.2

All the directors of the Company attended the Board meeting.

 

 

 

 

1.3

The first quarterly financial report of the Company has not been audited.

 

 

 

 

1.4

Name of Person-in-charge of the Company

Xiong Weiping

 

 

Name of Person-in-charge of Accounting

Xie Weizhi

 

 

Name of Head of the Accounting Department

Lu Dongliang

 

 

 

 

 

Xiong Weiping, Person-in-charge of the Company, Xie Weizhi, 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

COMPANY PROFILE

 

 

 

2.1

Principal accounting information and financial indicators

 

 

 

 

 

Currency: RMB

 

 

 

 

 

 

 

 

Change from

 

 

 

The end of the

The end of the

the end of

 

 

 

reporting period

previous year

the previous year

 

 

 

 

 

(%)

 

 

 

 

 

 

 

 

Total assets (Thousand RMB)

216,015,714

175,016,882

23.43

 

 

Owner's equity (or shareholders' equity)

 

 

 

 

 

   (Thousand RMB)

42,838,767

43,835,118

-2.27

 

 

Net assets per share attributable to shareholders

 

 

 

 

 

    of the Company (RMB per share)

3.17

3.24

-2.16

 

 

 

 

 

 

 

 

 

From the beginning

 

 

 

 

of the year

 

 

 

 

to the end of

Change from

 

 

 

the reporting

the same period

 

 

 

period

last year

 

 

 

 

(%)

 

 

 

 

 

 

 

Net cash flow from operating activities (Thousand RMB)

-1,091,020

Net outflow

 

 

 

 

decreased by 46.27%

 

 

Net cash flow per share generated from operating activities (RMB per share)

-0.08

Net outflow

 

 

 

 

decreased by 46.27%

 

 

 

 

 

 

 

 

 

From the beginning

 

 

 

 

 

of the year to

Change from

 

 

 

The reporting

the end of the

the same period

 

 

 

period

reporting period

last year

 

 

 

 

 

(%)

 

 

 

 

 

 

 

 

Net profit attributable to shareholders of the Company

 

 

 

 

 

   (Thousand RMB)

-975,040

-975,040

Loss reduction of 10.42%

 

 

Basic earnings per share (RMB per share)

-0.07

-0.07

Loss reduction of 10.42%

 

 

Basic profit per share after extraordinary gains and losses

 

 

 

 

 

   (RMB per share)

-0.13

-0.13

N/A

 

 

Diluted earnings per share (RMB per share)

-0.07

-0.07

Loss reduction of 10.42%

 

 

Return on net assets (weighted average) (%)

-2.28

-2.28

Decreased by 0.14

 

 

 

 

 

percentage point

 

 

Return on net assets after extraordinary gains and losses

 

 

Decreased by 1.82

 

 

   (weighted average) (%)

-4.09

-4.09

percentage points

 

 

 

 

 

 

 

 

Deducting the gains and losses arising from extraordinary items and amount:

 

 

 

   

Unit: '000   Currency: RMB

     
   

Items

Amount

       
   

Gains and losses from disposal of non-current assets

-4,493

   

Government subsidies included in the gains and losses for the period (excluding government subsidies closely

 
   

   related to the ordinary business of the Company and are granted on an ongoing basis under

 
   

    the state's policies according to certain standard amount or quantity)

337,113

   

Profit arising from investment cost for acquisition of a subsidiary, an associate and a joint venture

 
   

    by the Company being less than its share of fair value of identifiable net assets of the investee on acquisition

578,218

   

    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

-34,853

   

Written back of the provision for impairment of

 
   

    accounts receivable that is individually tested for impairment

4,251

   

Other non-operating income and expenses other than above items

2,941

   

Income tax effect

-81,552

   

Minority interests effect (after tax)

-24,725

     


       
   

Total

776,900

     


       
 

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

526,111

       
   

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

 

 

 

Name of shareholders (in full)

of the period

Class

 

 

 

 

 

 

 

Aluminum Corporation of China

5,214,407,195

RMB denominated ordinary shares

 

 

HKSCC Nominees Limited

3,924,987,330

Overseas listed foreign shares

 

 

China Cinda Assets Management Corporation

800,759,074

RMB denominated ordinary shares

 

 

China Construction Bank Corporation Limited

609,146,645

RMB denominated ordinary shares

   

Guokai Financial Limited Company

415,168,145

RMB denominated ordinary shares

   

Baotou Aluminum (Group) Co., Ltd.

325,767,795

RMB denominated ordinary shares

   

Lanzhou Aluminum Factory

79,472,482

RMB denominated ordinary shares

 

 

Guizhou Provincial Materials Development and Investment Corporation

59,000,000

RMB denominated ordinary shares

   

Guangxi Investment Group Co., Ltd.

39,259,793

RMB denominated ordinary shares

 

 

Bank of China Limited - Harvest Shanghai

 

 

   

   Shenzhen 300 ETF Index Securities Investment Fund

   

 

 

   ()

19,187,944

RMB denominated ordinary shares

         

3

SIGNIFICANT EVENTS

 

 

 

3.1

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

     
   

Applicable

Not Applicable

       
   

1.

Business tax and surcharges increased by 75%, mainly attributable to the rising turnover tax deriving from the improved net income or expense from other operations of the Group.

       
   

2.

Financial expenses increased by 41%, mainly attributable to the larger size of interest-bearing debts from last year resulting from the new incorporation of the consolidated statements of China Aluminum Ningxia Energy Group Co., Ltd. into the Group.

       
   

3.

Loss on asset impairment increased by 8589%, mainly attributable to the increase in the provision for inventory impairment following the lower price of major products of the Group at the end of the period.

       
   

4.

Loss on fair value changes increased by 464%, mainly attributable to the increasing floating loss on fair value changes arising from futures contracts held by the Group.

       
   

5.

Investment income increased by 80%, mainly attributable to the increase in gains from associated companies and joint ventures resulting from the new incorporation of the consolidated statements of China Aluminum Ningxia Energy Group Co., Ltd. into the Group.

       
   

6.

Non-operating income increased by 1289%, mainly attributable to the higher fair value of the mining rights over the considerations engendered as a result of acquiring China Aluminum Ningxia Energy Group Co., Ltd. by the Group.

       
   

7.

Non-operating expenses decreased by 43%, mainly attributable to less donations made by the Group.

       
   

8.

Total profit increased by 33%, mainly attributable to the enhanced gross profit margin resulting from the strict control on costs, fees and expenses as well as the expansion of income sources.

       
   

9.

Income tax expenses increased by 89%, mainly attributable to the non-provision of deferred income tax assets for most of the losses occurred during the period.

       
   

10.

Minority interests increased by 177%, mainly attributable to the profit increase of subsidiaries controlled by the Group.

       
   

11.

Held-for-trading financial assets decreased by 80%, mainly attributable to less floating profit on the positions of the futures and forward foreign exchange contracts of the Group.

       
   

12.

Notes receivables increased by 46%, mainly attributable to the tightening national currency policy, which increased the use of bank's acceptance notes in settlement.

       
   

13.

Accounts receivables increased by 219%, mainly attributable to the extension of the credit period as a result of the tightening national currency policy, keen market competition and the increase in trade volume, as well as the new incorporation of the consolidated statements of China Aluminum Ningxia Energy Group Co., Ltd..

       
   

14.

Prepayments increased by 65%, mainly attributable to the prepayments for certain procurement with a view to expanding trading channels.

       
   

15.

Interest receivable increased by 2834%, mainly attributable to the increasing accrued interests resulted from the entrusted loans to associates.

       
   

16.

Other receivables increased by 40%, mainly attributable to the additional entrusted loans to associates.

       
   

17.

Other current assets increased by 52%, mainly attributable to the new incorporation of the consolidated statements of China Aluminum Ningxia Energy Group Co., Ltd. into the Group, which increased deductible input tax under value-added tax.

   

18.

Investment properties increased from nil at the beginning of the period, mainly attributable to the new incorporation of the consolidated statements of China Aluminum Ningxia Energy Group Co., Ltd. into the Group.

       
   

19.

Construction materials increased by 119%, mainly attributable to new incorporation of the consolidated statements of China Aluminum Ningxia Energy Group Co., Ltd..

       
   

20.

Intangible assets increased by 156%, mainly attributable to the new incorporation of the consolidated statements of China Aluminum Ningxia Energy Group Co., Ltd. into the Group, which increased raising the number of coal mining rights.

       
   

21.

Financial liabilities held for trading increased by 288%, mainly attributable to the increased floating loss on the positions of the futures and forward foreign exchange contracts of the Group.

       
   

22.

Notes payable increased by 186%, mainly attributable to the tightening of national currency policy, resulting in a proper increase of notes used in settling procurement.

       
   

23.

Accounts payables increased by 46%, mainly attributable to the tightening of national currency policy, resulting in the proper extension of credit period in procurement.

       
   

24.

Advances from customers increased by 74%, mainly attributable to the portion of payment received in advance based on clients' credibility.

       
   

25.

Accrued interest increased by 77%, mainly attributable to the larger size of interest-bearing debts of the Group.

       
   

26.

Dividends payable increased by 71%, mainly attributable to the cash dividends payable accounted by subsidiaries under the Group.

       
   

27.

Long-term loans increased by 85%, mainly attributable to the new incorporation of consolidated statements of China Aluminum Ningxia Energy Group Co., Ltd. into the Group, making additional long-term bank loans.

       
   

28.

Special payables increased by 108%, mainly attributable to the government subsidies added by the new incorporation of consolidated statements of China Aluminum Ningxia Energy Group Co., Ltd. into the Group.

       
   

29.

Projected liabilities increased from nil at the beginning of the period, mainly attributable to the projected mining rights considerations payable upon acquisition of China Aluminum Ningxia Energy Group Co., Ltd..

       
   

30.

Other non-current liabilities increased by 58%, mainly attributable to the additional deferred income arising from the new incorporation of consolidated statements of China Aluminum Ningxia Energy Group Co., Ltd. into the Group.

       
   

31.

Minority interests increased by 39%, mainly attributable to minority interests added by the new incorporation of consolidated statements of China Aluminum Ningxia Energy Group Co., Ltd. into the Group.

       
   

32.

For the first quarter of 2013, the Group recorded a revenue of RMB34.213 billion. Included in its total profit was a loss of RMB948 million, representing a reduction of loss of RMB466 million or 32.96% from the loss of RMB1.414 billion for the corresponding period last year. Vested in the net profit attributable to owners of the parent company was a loss of RMB975 million, representing a reduction of loss of RMB113 million or 10.42% from the loss of RMB1.088 billion for the corresponding period last year.

       
   

33.

For the first quarter of 2013, the Group had increased its operating gross profit by 37% compared to the corresponding period last year, of which, cost reduction of major products ranged between 6% and 9%, cutting the loss by approximately RMB1.4 billion. However, price reduction of major products ranged between 5% and 7% compared to the corresponding period last year, reducing the profit by approximately RMB1.3 billion.

       
   

34.

For the first quarter of 2013, the Group continued to increase its effort in controlling the production and operating costs. During the period, selling expenses amounted to RMB458 million, representing an increase of RMB12 million from RMB446 million for the same period last year. Upon deduction of the additional RMB14 million resulting from the incorporation of China Aluminum Ningxia Energy Group Co., Ltd., such expenses decreased slightly as compared with the same period last year. Administrative expenses for the period amounted to RMB645 million, representing an increase of RMB23 million as compared with RMB622 million for the same period last year. Upon deduction of additional RMB80 million resulting from the incorporation of China Aluminum Ningxia Energy Group Co., Ltd., such expenses decreased by RMB57 million as compared with the same period last year. Finance expenses for the period amounted to RMB1.518 billion, representing an increase of RMB442 million as compared with RMB1.076 billion for the same period of last year. Upon deduction of additional RMB277 million resulting from the incorporation of China Aluminum Ningxia Energy Group Co., Ltd., such expenses increased by RMB165 million as compared with the same period last year, mainly attributable to the increase in the size of interest-bearing debts of the Group, offset by a decrease of 0.43 percentage point in the weighted average interest rate in the end of the first quarter of 2013 as compared with the end of the first quarter of last year.

       
 

3.2

Progress of significant events and effects thereof and analysis on solutions

     
   

Applicable

Not Applicable

       
 

3.3

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

     
   

Applicable

Not Applicable

       
   

1.

During the A share issue of the Company in 2007, Aluminum Corporation of China ("Chinalco") undertook that Chinalco would arrange to dispose of its aluminum fabrication business, or the Company would acquire the aluminum fabrication business from Chinalco, and acquire the pseudo-boehmite business from Chinalco within a certain period of time following the listing of the Company's A shares.

       
     

In 2008, the Company successfully bid for the five aluminum fabrication enterprises under the control of Chinalco in an open tender process through the equity exchange. Since the market conditions for pseudo-boehmite are immature, Chinalco does not propose to inject its pseudo-boehmite business to the Company's portfolio. When conditions become mature, Chinalco will continue to duly complete the matters undertaken within the time limit.

       
   

2.

On 22 August 2011, the Company issued a letter of undertaking of Aluminum Corporation of China Limited* to resolve the horizontal competition with Jiaozuo Wanfang Aluminum Company Limited in the aluminum business (
), pursuant to which it undertook to make its best endeavors to eliminate by proper means the competition in aluminum business with Jiaozuo Wanfang within five years.

       
 

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 last year and the reason thereof

     
   

Applicable

Not Applicable

       
 

3.5

Implementation of cash dividend policy during the reporting period

     
   

The terms for the distribution of cash dividend were prescribed in the Articles of Association of the Company: 1) the Company takes full account of the returns to investors and distributes dividends to shareholders every year according to the prescribed ratio of distributable profit for the prevailing year; 2) the Company upkeeps a continuous and stable profit distribution policy whilst considering the long-term interest of the Company, the overall interest of its shareholders as a whole and the sustainable development of the Company; 3) cash dividends shall be considered first when the Company distributes dividends.

     
   

No final dividend was distributed during the reporting period.

     

 

Aluminum Corporation of China Limited*

 

Legal representative: Xiong Weiping

 

26 April 2013

   

4

APPENDICES

 

 

 

4.1

Consolidated Balance Sheet

   

As at 31 March 2013

   

Prepared by: Aluminum Corporation of China Limited*

     
   

Unit: Thousand RMB, Unaudited

     

 

 

Items

Closing balance

Opening balance

 

 

 

 

 

 

 

Current assets:

 

 

 

 

   Cash and cash equivalents

12,260,366

10,191,608

 

 

   Settlement reserve

 

 
   

   Placements with banks and

   
   

      other financial institutions

   
   

   Held-for-trading financial assets

1,754

8,983

   

   Bills receivable

1,743,292

1,190,643

   

   Accounts receivable

4,546,464

1,425,219

   

   Prepayments

7,415,895

4,481,005

   

   Premiums receivable

   
   

   Receivables from reinsurers

   
   

   Deposits receivable from

   
   

      reinsurance agreements

   
   

   Interest receivable

36,602

1,248

   

   Dividends receivable

189,638

189,638

   

   Other receivables

3,545,987

2,530,189

   

   Purchases of resold financial assets

   
   

   Inventories

29,105,785

25,596,476

   

   Non-current assets due within one year

28,000

28,000

   

   Other current assets

5,141,209

3,373,007

     



         
   

Total current assets

64,014,992

49,016,016

     



         
   

Non-current assets:

   
   

   Entrusted loans and advances granted

   
   

   Financial assets available for sale

   
   

   Held-to-maturity investments

   
   

   Long-term receivables

   
   

   Long-term equity investments

18,207,573

19,213,415

   

   Investment properties

7,443

0

   

   Fixed assets

97,292,807

81,675,584

   

   Construction in progress

18,464,278

14,382,407

   

   Construction materials

415,572

190,100

   

   Disposals of fixed assets

   

   Biological assets for production

   

   Oil and gas assets

   
   

   Intangible assets

11,519,148

4,491,491

   

   Development expenses

   
   

   Goodwill

2,362,735

2,362,735

   

   Long-term deferred expenditures

311,198

277,702

   

   Deferred income tax assets

2,311,933

2,116,986

   

   Other non-current assets

1,108,035

1,290,446

   

   Total non-current assets

152,000,722

126,000,866

     



         
   

Total assets

216,015,714

175,016,882

     



         
   

Current liabilities:

   
   

   Short-term borrowings

46,660,575

40,313,218

   

   Borrowings from central bank

   
   

   Deposit taking and deposit in

   
   

      inter-bank market

   
   

   Placements from banks and

   
   

      other financial institutions

   
   

   Held-for-trading financial liabilities

49,177

12,662

   

   Bills payable

6,232,202

2,175,710

   

   Accounts payable

7,144,644

4,883,484

   

   Payments received in advance

2,231,083

1,278,746

   

   Disposal of repurchased financial assets

   
   

   Handling charges and commissions payable

   
   

   Staff remuneration payable

475,639

400,807

   

   Taxes payable

443,211

452,763

   

   Interest payable

968,929

548,381

   

   Dividends payable

211,905

123,707

   

   Other payables

6,001,894

6,045,854

   

   Reinsurance accounts payable

   
   

   Deposits for insurance contracts

   
   

   Agent brokerage fee

   
   

   Agent underwriting fee

   
   

   Non-current liabilities due within one year

10,475,637

10,946,325

   

   Other current liabilities

17,681,830

16,671,754

     



         

Total current liabilities

98,576,726

83,853,411

     



         
   

Non-current liabilities:

   
   

   Long-term borrowings

36,768,894

19,910,787

   

   Debentures payable

20,708,269

16,724,865

   

   Long-term payables

   
   

   Special payables

242,954

116,979

   

   Projected liabilities

2,030,812

0

   

   Deferred income tax liabilities

   
   

   Other non-current liabilities

1,008,005

639,690

   

   Total non-current liabilities

60,758,934

37,392,321

     



         
   

Total liabilities

159,335,660

121,245,732

     



         
   

Owner's equity (or shareholder's equity):

   
   

   Paid-up capital (or share capital)

13,524,488

13,524,488

   

   Capital reserve

13,987,858

13,987,858

   

   Less: Treasury stock

   
   

   Special reserve

115,118

92,193

   

   Surplus reserve

5,867,557

5,867,557

   

   General risk provision

   
   

   Retained profit

9,405,364

10,380,404

   

   Foreign currency translation differences

-61,618

-17,382

   

   Total owner's equity attributable to

   
   

      the parent company

42,838,767

43,835,118

   

   Minority interests

13,841,287

9,936,032

   

   Total owner's equity

56,680,054

53,771,150

     



         
   

Total liabilities and owner's equity

216,015,714

175,016,882

     



         
   

Legal Representative

Person-in-charge

Head of Accounting

   

of the Company:

of Accounting:

Department:

   

Xiong Weiping

Xie Weizhi

Lu Dongliang

         
   

Balance Sheet of the Parent Company

   

As at 31 March 2013

   

Prepared by: Aluminum Corporation of China Limited*

     
   

Unit: Thousand RMB, Unaudited

     
   

Items

Closing balance

Opening balance

         
   

Current assets:

   
   

   Cash and cash equivalents

3,871,523

4,939,505

   

   Held-for-trading financial assets

   
   

   Bills receivable

581,689

651,601

   

   Accounts receivable

2,184,209

1,516,759

   

   Prepayments

1,265,687

1,145,561

   

   Interest receivable

32,608

5,814

   

   Dividends receivable

240,348

240,348

   

   Other receivables

9,510,099

7,812,881

   

   Inventories

13,277,583

12,917,041

   

   Non-current assets due within one year

28,000

28,000

   

   Other current assets

918,524

992,623

     



         
   

Total current assets

31,910,270

30,250,133

     



         
   

Non-current assets:

   
   

   Financial assets available for sale

   
   

   Held-to-maturity investments

   
   

   Long-term receivables

   
   

   Long-term equity investments

29,815,764

26,096,514

   

   Investment properties

   
   

   Fixed assets

51,767,755

52,636,716

   

   Construction in progress

6,902,619

6,339,611

   

   Construction materials

64,440

60,017

   

   Disposal of fixed assets

   
   

   Biological assets for production

   
   

   Oil and gas assets

   
   

   Intangible assets

2,281,040

2,319,689

   

   Development expenses

   
   

   Goodwill

2,330,945

2,330,945

   

   Long-term deferred expenditures

69,168

70,829

   

   Deferred income tax assets

1,511,195

1,525,206

   

   Other non-current assets

322,430

322,430

   

   Total non-current assets

95,065,356

91,701,957

     



   

Total assets

126,975,626

121,952,090

     



         
   

Current liabilities:

   
   

   Short-term borrowings

22,470,000

19,370,000

   

   Held-for-trading financial liabilities

0

11,222

   

   Bills payable

3,600

0

   

   Accounts payable

3,030,797

2,900,794

   

   Payments received in advance

392,059

170,979

   

   Staff remuneration payables

258,610

257,796

   

   Taxes payable

253,742

230,190

   

   Interests payable

753,638

421,281

   

   Dividends payable

   
   

   Other payables

2,380,397

3,598,165

   

   Non-current liabilities due within one year

8,321,342

8,321,342

   

   Other current liabilities

17,669,510

16,669,968

     



         
   

Total current liabilities

55,533,695

51,951,737

     



         
   

Non-current liabilities:

   
   

   Long-term borrowings

8,844,902

9,147,902

   

   Debentures payable

18,910,491

15,927,504

   

   Long-term payables

 

0

   

   Special payables

96,880

96,880

   

   Projected liabilities

   
   

   Deferred income tax liabilities

   
   

   Other non-current liabilities

479,205

490,292

   

   Total non-current liabilities

28,331,478

25,662,578

     



         
   

Total liabilities

83,865,173

77,614,315

     



         
   

Owner's equity (or shareholder's equity):

   
   

   Paid-up capital (or share capital)

13,524,488

13,524,488

   

   Capital reserve

14,401,214

14,401,214

   

   Less: Treasury stock

   
   

   Special reserve

45,583

25,686

   

   Surplus reserve

5,867,557

5,867,557

   

   General risk provision

   
   

   Retained profit

9,271,611

10,518,830

     



         
   

Total owner's equity

   
   

   (or shareholder's equity)

43,110,453

44,337,775

     



         
   

Total liabilities and owners' equity

   
   

   (or shareholder's equity)

126,975,626

121,952,090

     



         
   

Legal Representative

Person-in-charge

Head of Accounting

   

of the Company:

of Accounting:

Department:

   

Xiong Weiping

Xie Weizhi

Lu Dongliang

         
 

4.2

Consolidated Income Statement

   

January to March 2013

   

Prepared by: Aluminum Corporation of China Limited*

     
   

Unit: Thousand RMB, Unaudited

     
       

Amount for

     

Amount for

the previous

   

Items

the period

period

         
   

I.

Total operating revenue

34,213,296

33,589,657

     

Including:

Operating revenue

34,213,296

33,589,657

       

Interest income

   
       

Premiums earned

   
       

Handling charges and commission income

   
             
   

II.

Total cost of operations

36,319,071

35,187,086

     

Including:

Operating cost

33,404,017

32,997,696

       

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

83,233

47,485

       

Selling expenses

457,625

446,125

       

Administrative expenses

645,200

622,358

       

Finance expenses

1,517,509

1,075,913

       

Loss on assets impairment

211,487

-2,491

     

Add:

Gains on fair value changes (loss stated with "-")

-28,543

-5,058

       

Investment income (loss stated with "-")

234,330

130,168

       

Including:

Investment income

   
         

   from associated companies and

   
         

   joint ventures

198,861

97,518

       

Foreign currency exchange gains (loss stated with "-")

   
             
   

III.

Operating profit (loss stated with "-")

-1,899,988

-1,472,319

     

Add:

Non-operating income

958,079

68,956

     

Less:

Non-operating expenses

5,929

10,440

       

Including:

Loss from disposal of non-current assets

41

0

               
   

IV.

Total profit (total loss stated with "-")

-947,838

-1,413,803

     

Less:

Income tax expenses

-28,995

-252,717

             
   

V.

Net profit (net loss stated with "-")

-918,843

-1,161,086

     

Net profit attributable to owners of the parent company

-975,040

-1,088,439

     

Minority interests

56,197

-72,647

           
   

VI.

Earnings per share:

   
     

(i)

Basic earnings per share

-0.07

-0.08

     

(ii)

Diluted earnings per share

-0.07

-0.08

             
   

VII.

Other comprehensive income

-44,237

6,664

           
   

VIII.

Total comprehensive income

-963,080

-1,154,422

     

Total comprehensive income attributable to owners of

   
     

   the parent company

-1,019,277

-1,081,775

     

Total comprehensive income attributable to

   
     

   minority shareholders

56,197

-72,647

           
   

Legal Representative

Person-in-charge

Head of Accounting

   

of the Company:

of Accounting:

Department:

   

Xiong Weiping

Xie Weizhi

Lu Dongliang

         
   

Income Statement of the Parent Company

   

January to March 2013

   

Prepared by: Aluminum Corporation of China Limited*

     
   

Unit: Thousand RMB, Unaudited

     
       

Amount for

     

Amount for

the previous

   

Items

the period

period

         
   

I.

Operating revenue

11,281,182

11,644,680

     

Less:

Operating costs

11,178,820

11,779,910

       

Business tax and surcharges

52,139

30,485

       

Selling expenses

253,389

257,492

       

Administrative expenses

319,102

369,806

       

Finance expenses

773,650

629,370

       

Loss on assets impairment

99,909

-2,490

     

Add:

Gains on fair value changes

   
       

   (loss stated with "-")

11,222

-2,461

       

Investment income (loss stated with "-")

844

41,023

       

Including:

Investment income from associated

   
         

   companies and joint ventures

-21,465

2,100

               
   

II.

Operating profit (loss stated with "-")

-1,383,761

-1,381,331

     

Add:

Non-operating income

154,440

27,304

     

Less:

Non-operating expenses

3,888

9,720

       

Including:

Loss from disposal of non-current assets

4

4,381

               
   

III.

Total profit (total loss stated with "-")

-1,233,209

-1,363,747

     

Less:

Income tax expenses

14,011

-270,925

             
   

IV.

Net profit (net loss stated with "-")

-1,247,220

-1,092,822

           
   

V.

Earnings per share:

   
     

(i)

Basic earnings per share

   
     

(ii)

Diluted earnings per share

   
             
   

VI.

Other comprehensive income

   
           
   

VII.

Total comprehensive income

-1,247,220

-1,092,822

           
   

Legal Representative

Person-in-charge

Head of Accounting

   

of the Company:

of Accounting:

Department:

   

Xiong Weiping

Xie Weizhi

Lu Dongliang

         
 

4.3

Consolidated Cash Flow Statement

   

January to March 2013

   

Prepared by: Aluminum Corporation of China Limited*

     
   

Unit: Thousand RMB, Unaudited

     
       

Amount for

     

Amount for

the previous

   

Items

the period

period

         
   

I.

Cash flow from operating activities:

   
     

Cash received from product sales and rendering of services

40,166,561

41,509,164

     

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

40,360

6,133

     

Other cash received relating to operating activities

384,116

106,973

     

Sub-total of cash inflow from operating activities

40,591,037

41,622,270

     

Cash paid for purchase of goods and receipt of services

36,719,807

40,177,772

     

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

1,904,542

1,835,916

     

Taxes and surcharges paid

583,207

943,196

     

Other cash paid relating to operating activities

2,474,501

695,881

     

Sub-total of cash outflow from operating activities

41,682,057

43,652,765

       



           
     

Net cash flow from operating activities

-1,091,020

-2,030,495

       



           
   

II.

Cash flows from investment activities:

   
     

Cash received from disposal of investments

16,806

0

     

Cash received from returns on investments

269,242

85,540

     

Net cash received from disposal of fixed assets,

   
     

   intangible assets and other long-term assets

203,388

5,018

     

Net cash received from disposal of subsidiaries

   
     

   and other operating entities

   
     

Other cash received relating to investment activities

31,846

18,776

     

Sub-total of cash inflow from investment activities

521,282

109,334

     

Cash paid to acquire fixed assets, intangible assets

   
     

   and other long-term assets

2,420,930

2,241,422

     

Cash paid for investment

234,412

490,000

     

Net increase in pledged loans

   
     

Net cash paid for acquisition of subsidiaries

   
     

   and other operating entities

403,187

0

     

Other cash paid relating to investment activities

1,099,874

127,728

     

Sub-total of cash outflow from investment activities

4,158,403

2,859,150

       



           
     

Net cash flows from investment activities

-3,637,121

-2,749,816

           
   

III.

Cash flow from financing activities:

   
     

Proceeds received from investments

   
     

Including:

Proceeds received by subsidiaries

   
       

   from minority shareholders' investment

   
     

Cash received from borrowings

20,884,209

25,240,588

     

Cash received from issue of debentures

5,971,500

2,000,000

     

Other cash received relating to financing activities

365,400

0

     

Sub-total of cash inflow from financing activities

27,221,109

27,240,588

     

Cash paid for repayment

18,100,772

17,131,398

     

Cash paid for dividend and profit

   
     

   distribution or interest repayment

1,569,160

804,686

     

Including:

Dividend and profit paid

   
       

   by subsidiaries to minority shareholders

   
     

Other cash paid relating to financing activities

470,689

0

     

Sub-total of cash outflow from financing activities

20,140,621

17,936,084

       



           
     

Net cash flows from financing activities

7,080,488

9,304,504

       



           
   

IV.

Effect on cash and cash equivalents due to

   
     

   change in foreign currency exchange rate

-3,484

7,863

           
   

V.

Net increase in cash and cash equivalents

2,348,863

4,532,056

     

Add:

Balance of cash and cash equivalents at

   
       

   the beginning of the period

9,063,593

11,644,741

             
   

VI.

Balance of cash and cash equivalents at

   
     

   the end of the period

11,412,456

16,176,797

           
   

Legal Representative

Person-in-charge

Head of Accounting

   

of the Company:

of Accounting:

Department:

   

Xiong Weiping

Xie Weizhi

Lu Dongliang

         
   

Cash Flow Statement of the Parent Company

   

January to March 2013

   

Prepared by: Aluminum Corporation of China Limited*

     
   

Unit: Thousand RMB, Unaudited

     
       

Amount for

     

Amount for

the previous

   

Items

the period

period

         
   

I.

Cash flow from operating activities:

   
     

Cash received from product sales and rendering of services

13,117,368

13,978,147

     

Refund of tax and levies received

14,431

4,133

     

Other cash received relating to operating activities

174,676

43,432

     

Sub-total of cash inflow from operating activities

13,306,475

14,025,712

     

Cash paid for purchase of goods and receipt of services

12,342,654

12,668,162

     

Cash paid to and on behalf of employees

1,130,131

1,125,869

     

Taxes and surcharges paid

653,589

579,371

     

Other cash paid relating to operating activities

666,418

402,664

     

Sub-total of cash outflow from operating activities

14,792,792

14,776,066

       



           
     

Net cash flow from operating activities

-1,486,317

-750,354

       



           
   

II.

Cash flows from investment activities:

   
     

Cash received from disposal of investments

   
     

Cash received from returns on investments

12,160

23,695

     

Net cash received from disposal of fixed assets,

   
     

   intangible assets and other long-term assets

56,705

15,811

     

Net cash received from disposal of subsidiaries

   
     

   and other operating entities

   
     

Other cash received relating to investment activities

0

15,228

     

Sub-total of cash inflow from investment activities

68,865

54,734

     

Cash paid to acquire fixed assets, intangible

   
     

   assets and other long-term assets

863,190

999,540

     

Cash paid for investment

583,000

1,023,110

     

Net cash paid for acquisition of

   
     

   subsidiaries and other operating entities

4,387,630

0

     

Other cash paid relating to investment activities

21,087

78,183

     

Sub-total of cash outflow from investment activities

5,854,907

2,100,833

       



           
     

Net cash flows from investment activities

-5,786,042

-2,046,099

       



           
   

III.

Cash flows from financing activities:

   
     

Proceeds received from investments

   
     

Cash received from borrowings

7,900,000

14,508,000

     

Cash received from bond issue

6,000,000

2,000,000

     

Other cash received relating to financing activities

365,400

0

     

Sub-total of cash inflow from financing activities

14,265,400

16,508,000

     

Cash paid for repayment

7,103,000

8,820,400

     

Cash paid for dividend and profit

   
     

   distribution or interest repayment

550,941

573,149

     

Other cash paid relating to financing activities

   
     

Sub-total of cash outflow from financing activities

7,653,941

9,393,549

       



           
     

Net cash flows from financing activities

6,611,459

7,114,451

       



           
   

IV.

Effect on cash and cash equivalents due to

   
     

   change in foreign currency exchange rate

53

3,485

           
   

V.

Net increase in cash and cash equivalents

-660,847

4,321,483

     

Add:

Balance of cash and cash

   
       

   equivalents at the beginning of the period

4,396,234

4,081,999

             
   

VI.

Balance of cash and cash equivalents at

   
     

   the end of the period

3,735,387

8,403,482

           
   

Legal Representative

Person-in-charge

Head of Accounting

   

of the Company:

of Accounting:

Department:

   

Xiong Weiping

Xie Weizhi

Lu Dongliang

         

As at the date of this announcement, the members of the Board of Directors comprise Mr. Xiong Weiping, Mr. Luo Jianchuan and Mr. Liu Xiangmin (Executive Directors); Mr. Shi Chungui and Mr. Lv Youqing and Mr. Liu Caiming (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