Aluminum Corporation of China (2600) Q3 2025 earnings summary

Executive summary

• Net profit attributable to shareholders surged 90.31% year-over-year for Q3 2025, driven by increased production, sales, and effective cost control.

• Revenue for the first nine months of 2025 reached RMB 176.5 billion, up 1.57% year-over-year.

• Significant business combinations under common control were completed, impacting comparative figures.

Financial highlights

• Q3 2025 revenue: RMB 60.1 billion, down 4.66% year-over-year; nine-month revenue: RMB 176.5 billion, up 1.57%.

• Q3 2025 net profit attributable to shareholders: RMB 3.8 billion, up 90.31% year-over-year; nine-month net profit: RMB 10.87 billion, up 20.65%.

• Basic EPS for Q3: RMB 0.222, up 91.38% year-over-year; nine-month EPS: RMB 0.635, up 20.95%.

• Net cash flow from operating activities for nine months: RMB 25.38 billion, up 7.48% year-over-year.

• Total assets as of September 30, 2025: RMB 230.4 billion, up 6.70% from year-end 2024.

Outlook and guidance

• Management attributes profit growth to strategic operations, market opportunity capture, and cost/resource optimization.