Aluminum Corporation of China (2600) Q2 2026 earnings summary

Executive summary

• Achieved record interim results for H1 2026, with significant year-on-year improvements in revenue, profit, and cash flow.

• Strategic focus on lean operations, cost control, and high-quality development drove performance.

• Major projects in Guinea and Brazil advanced, strengthening global resource integration.

• Re-admitted to the Hang Seng Index and included in the SSE 50 Index, with S&P upgrading credit outlook.

Financial highlights

• Operating revenue rose 7.74% year-over-year to RMB125.413 billion.

• Net profit attributable to owners surged 67.91% to RMB11.871 billion.

• Basic EPS increased to RMB0.693 from RMB0.413.

• Net operating cash inflow grew 84.91% to RMB26.235 billion.

• Interim dividend of RMB0.276 per share, totaling RMB4.735 billion (39.88% payout ratio).

Outlook and guidance

• Focus on stable, high-quality production, cost reduction, and efficiency improvement in H2 2026.

• Plans to optimize procurement, sales, logistics, and asset turnover.

• Continued commitment to industrial upgrading, green transition, and risk management.