Balance Sheet Aluminum Corporation of China Limited

Equities

2600

CNE1000001T8

Aluminum

Market Closed - Hong Kong S.E. Other stock markets 03:08:04 2024-12-09 am EST			5-day change	1st Jan Change
4.860 ^HKD	+2.53%		+5.19%	+24.62%

Nov. 20	Chalco Plans to Acquire Chinalco High-end Manufacturing's Slab Ingots Assets	MT
Nov. 20	Chalco Terminates Subsidiary Asset, Equity Transfer Proposals	MT

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Published financial data: ALUMINUM CORPORATION OF CHINA LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	187B	183B	266B	287B	222B
Other Revenues, Total	2.96B	3.34B	3.38B	3.53B	3.22B
Total Revenues	190B	186B	270B	291B	225B
Cost of Goods Sold, Total	177B	172B	242B	259B	196B
Gross Profit	12.61B	13.95B	27.6B	32.33B	28.81B
Selling General & Admin Expenses, Total	4.62B	4.47B	3.97B	4.4B	4.72B
Provision for Bad Debts	153M	339M	327M	-3.67M	-196M
R&D Expenses	941M	1.43B	2.36B	4.81B	3.73B
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	-	-	-
Other Operating Expenses	1.35B	1.52B	2.16B	2.7B	2.07B
Other Operating Expenses, Total	7.07B	7.77B	8.82B	11.9B	10.33B
Operating Income	5.54B	6.18B	18.79B	20.43B	18.48B
Interest Expense, Total	-4.38B	-4.34B	-3.92B	-3.83B	-3.33B
Interest And Investment Income	1.42B	1.17B	276M	1.15B	671M
Net Interest Expenses	-2.95B	-3.17B	-3.65B	-2.68B	-2.65B
Income (Loss) On Equity Invest.	295M	-	-	-	-
Currency Exchange Gains (Loss)	2.32M	-76.32M	-20.32M	-67.13M	-13.22M
Other Non Operating Income (Expenses)	-624M	-687M	-1.1B	-505M	-301M
EBT, Excl. Unusual Items	2.26B	2.24B	14.01B	17.18B	15.52B
Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-15.5M	-
Gain (Loss) On Sale Of Investments	-9.85M	-10.39M	-276M	-16.93M	-3.49M
Gain (Loss) On Sale Of Assets	260M	448M	-679M	331M	7.75M
Asset Writedown	-261M	-562M	-2.59B	-3.86B	-590M
Insurance Settlements	-	-	-	36.35M	-
Legal Settlements	-	-	-	-331M	-77.06M
Other Unusual Items	-139M	39.51M	-294M	-113M	238M
EBT, Incl. Unusual Items	2.11B	2.16B	10.18B	13.21B	15.09B
Income Tax Expense	626M	582M	2.39B	2.37B	2.51B
Earnings From Continuing Operations	1.49B	1.57B	7.79B	10.84B	12.58B
Net Income to Company	1.49B	1.57B	7.79B	10.84B	12.58B
Minority Interest	-637M	-832M	-2.71B	-6.65B	-5.87B
Net Income - (IS)	851M	741M	5.08B	4.19B	6.72B
Preferred Dividend and Other Adjustments	219M	261M	210M	117M	60.39M
Net Income to Common Incl Extra Items	632M	480M	4.87B	4.07B	6.66B
Net Income to Common Excl. Extra Items	632M	480M	4.87B	4.07B	6.66B
Per Share Items
Net EPS - Basic	0.04	0.03	0.29	0.24	0.39
Basic EPS - Continuing Operations	0.04	0.03	0.29	0.24	0.39
Basic Weighted Average Shares Outstanding	17.02B	17.02B	17.02B	17.02B	17.02B
Net EPS - Diluted	0.04	0.03	0.29	0.24	0.39
Diluted EPS - Continuing Operations	0.04	0.03	0.29	0.24	0.39
Diluted Weighted Average Shares Outstanding	17.02B	17.02B	17.02B	17.02B	17.02B
Normalized Basic EPS	0.05	0.03	0.36	0.24	0.23
Normalized Diluted EPS	0.05	0.03	0.36	0.24	0.23
Dividend Per Share	-	-	0.03	0.04	0.08
Payout Ratio	566.45	551.43	73.14	92.66	51.72
American Depositary Receipts Ratio (ADR)	25	25	25	25	25
Supplemental Items
EBITDA	13.13B	13.98B	26.8B	30.16B	28.27B
EBITA	6.03B	6.82B	19.41B	21.19B	19.25B
EBIT	5.54B	6.18B	18.79B	20.43B	18.48B
EBITDAR	13.36B	14.14B	27.09B	30.39B	28.5B
Total Revenues (As Reported)	190B	186B	270B	291B	225B
Effective Tax Rate - (Ratio)	29.6	27.01	23.48	17.91	16.61
Total Current Taxes	720M	813M	2.34B	2.27B	2.48B
Total Deferred Taxes	-94.68M	-231M	47.64M	94.2M	25.47M
Normalized Net Income	778M	568M	6.05B	4.09B	3.83B
Interest Capitalized	289M	124M	1.73M	5.14M	15.61M
Interest on Long-Term Debt	-	880M	389M	689M	674M
Non-Cash Pension Expense	309M	282M	-	-	-
Supplemental Operating Expense Items
Marketing Expenses	3.35M	1.15M	4.43M	13.37M	-
Selling and Marketing Expenses	1.67B	1.46B	315M	419M	432M
General and Administrative Expenses	2.95B	3.02B	3.65B	3.98B	4.29B
Research And Development Expense From Footnotes	941M	1.43B	2.36B	4.81B	3.73B
Net Rental Expense, Total	234M	166M	291M	232M	225M
Imputed Operating Lease Interest Expense	85.84M	61.13M	101M	77.48M	73.28M
Imputed Operating Lease Depreciation	148M	105M	190M	155M	152M
Maintenance & Repair Expenses, Total	1.87B	1.6B	2.8B	341M	3.79B
Stock-Based Comp., G&A Exp. (Total)	-	-	-	48.26M	91.11M
Total Stock-Based Compensation	-	-	-	48.26M	91.11M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	9.08B	10.69B	19.18B	19.26B	21.1B
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	3.5B	17.31M	-	-	5.01B
Total Cash And Short Term Investments	12.59B	10.7B	19.18B	19.26B	26.12B
Accounts Receivable, Total	7.39B	9.29B	6.9B	5.87B	6.61B
Other Receivables	2.14B	4B	2.27B	1.71B	1.86B
Notes Receivable	2.85B	-	-	-	-
Total Receivables	12.39B	13.29B	9.18B	7.59B	8.47B
Inventory	19.52B	19.86B	18.68B	24.71B	22.85B
Other Current Assets, Total	4.22B	2.35B	1.68B	2.98B	1.01B
Total Current Assets	48.71B	46.2B	48.71B	54.54B	58.44B
Gross Property Plant And Equipment	186B	182B	185B	224B	226B
Accumulated Depreciation	-72.35B	-77.05B	-83.12B	-106B	-113B
Net Property Plant And Equipment	114B	105B	102B	119B	113B
Long-term Investments	15.14B	14.07B	13.23B	11.9B	12.2B
Goodwill	3.51B	3.51B	3.51B	3.49B	3.49B
Other Intangibles, Total	15.8B	16.18B	15.42B	16.89B	17.48B
Deferred Tax Assets Long-Term	1.52B	1.48B	1.39B	2.06B	2.02B
Deferred Charges Long-Term	649M	654M	593M	839M	944M
Other Long-Term Assets, Total	4.06B	7.94B	7.37B	3.97B	3.87B
Total Assets	203B	195B	192B	212B	212B
Liabilities
Accounts Payable, Total	12.58B	15.44B	15.51B	22.54B	21.11B
Accrued Expenses, Total	2.14B	2.33B	2.7B	2.27B	1.98B
Short-term Borrowings	30.57B	23.15B	14.66B	9.08B	9.98B
Current Portion of Long-Term Debt	3.34B	10.73B	8.86B	17.88B	16.36B
Current Portion of Leases	8.38B	828M	988M	890M	795M
Current Income Taxes Payable	217M	299M	570M	392M	827M
Unearned Revenue Current, Total	1.64B	1.4B	2.18B	2.05B	1.68B
Other Current Liabilities	10.3B	8.45B	6.72B	7.26B	5.97B
Total Current Liabilities	69.17B	62.63B	52.18B	62.37B	58.71B
Long-Term Debt	52.23B	51.26B	52.49B	49.39B	41.84B
Long-Term Leases	7.01B	6.26B	11.61B	9.21B	8.68B
Unearned Revenue Non Current	427M	385M	280M	288M	282M
Pension & Other Post Retirement Benefits	427M	218M	206M	138M	68.56M
Deferred Tax Liability Non Current	1.71B	1.44B	1.38B	1.45B	1.44B
Other Non Current Liabilities	1.37B	1.54B	1.45B	1.75B	1.86B
Total Liabilities	132B	124B	120B	125B	113B
Common Stock, Total	17.02B	17.02B	17.02B	17.16B	17.16B
Additional Paid In Capital	28.13B	28.16B	28.12B	22.92B	23.13B
Retained Earnings	3.65B	4.13B	8.72B	12.15B	18.19B
Treasury Stock	-	-	-	-405M	-405M
Comprehensive Income and Other	5.86B	5.02B	3.41B	2.58B	2.38B
Total Common Equity	54.66B	54.33B	57.26B	54.4B	60.46B
Minority Interest	16.07B	16.84B	15.52B	33.35B	38.43B
Total Equity	70.73B	71.17B	72.78B	87.76B	98.89B
Total Liabilities And Equity	203B	195B	192B	212B	212B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	17.02B	17.02B	17.02B	17.02B	17.16B
ECS Total Common Shares Outstanding	17.02B	17.02B	17.02B	17.02B	17.16B
Book Value / Share	2.89	2.93	3.22	3.08	3.41
Tangible Book Value	35.34B	34.65B	38.34B	34.02B	39.49B
Tangible Book Value Per Share	1.75	1.77	2.11	1.88	2.18
Total Debt	102B	92.23B	88.6B	86.46B	77.65B
Net Debt	88.94B	81.52B	69.42B	67.2B	51.53B
Debt Equivalent Oper. Leases	1.87B	1.33B	2.33B	1.86B	1.8B
Minority Interest, Total (Incl. Fin. Div)	16.07B	16.84B	15.52B	33.35B	38.43B
Equity Method Investments, Total	12.9B	12.55B	12.99B	9.74B	10.04B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	6.83B	7.45B	5.63B	7.32B	5B
Inventories - Work In Process, Total	7.85B	7.29B	8.73B	11.66B	12B
Inventories - Finished Goods, Total	4.5B	4.83B	4.31B	6.18B	5.55B
Inventories - Others	901M	815M	672M	785M	786M
Buildings, Total	58.81B	60.45B	60.78B	74.05B	73.1B
Machinery, Total	102B	108B	109B	136B	137B
Full Time Employees	65.51K	63.01K	60.06K	67.38K	64.5K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	715M	934M	959M	949M	740M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	851M	741M	5.08B	4.19B	6.72B
Depreciation & Amortization - CF	8.01B	7.76B	7.89B	10.02B	10B
Amortization of Goodwill and Intangible Assets - (CF)	481M	639M	629M	755M	768M
Impairment of Oil, Gas & Mineral Properties - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	8.49B	8.4B	8.52B	10.77B	10.77B
Amortization of Deferred Charges, Total - (CF)	298M	275M	192M	200M	288M
(Gain) Loss From Sale Of Asset	-243M	-320M	651M	-324M	-15.48M
(Gain) Loss on Sale of Investments - (CF)	883K	-961M	234M	-592M	-276M
Asset Writedown & Restructuring Costs	261M	433M	2.61B	3.81B	601M
(Income) Loss On Equity Investments - (CF)	-295M	-	-	-	-
Provision and Write-off of Bad Debts	153M	339M	343M	422M	-196M
Other Operating Activities, Total	5.47B	7.17B	8.08B	11.37B	9.36B
Change In Accounts Receivable	-1.09B	-4.33B	-1.01B	-1.1B	-652M
Change In Inventories	-234M	-1.67B	727M	-4.01B	1.42B
Change In Accounts Payable	-1.83B	4.82B	2.96B	4.03B	-1.12B
Change In Deferred Taxes	-94.27M	-240M	47.64M	94.2M	25.47M
Change in Other Net Operating Assets	836M	262M	-137M	-1.06B	121M
Cash from Operations	12.58B	14.93B	28.31B	27.81B	27.04B
Capital Expenditure	-9.09B	-5.04B	-2.14B	-4.75B	-6.71B
Sale of Property, Plant, and Equipment	1.14B	1.83B	1.04B	86.99M	190M
Cash Acquisitions	-	3.69M	-	-	-
Divestitures	23.8M	42.91M	20.95M	94.5M	-2.05M
Investment in Marketable and Equity Securities, Total	-5.84B	4.18B	711M	-258M	-5.26B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	269M	874M	-459M	1.35B	595M
Cash from Investing	-13.5B	1.89B	-820M	-3.48B	-11.18B
Short Term Debt Issued, Total	-	-	-	50M	-
Long-Term Debt Issued, Total	85.57B	71.92B	54.39B	31.61B	21.5B
Total Debt Issued	85.57B	71.92B	54.39B	31.66B	21.5B
Long-Term Debt Repaid, Total	-93.15B	-84.42B	-62.74B	-43.6B	-31.32B
Total Debt Repaid	-93.15B	-84.42B	-62.74B	-43.6B	-31.32B
Issuance of Common Stock	1.5B	1B	-	2.4B	-
Repurchase of Common Stock	-	-	-5.39B	-2.5B	-
Common Dividends Paid	-4.82B	-4.09B	-3.72B	-3.88B	-3.47B
Common & Preferred Stock Dividends Paid	-4.82B	-4.09B	-3.72B	-3.88B	-3.47B
Other Financing Activities, Total	426M	-188M	-1.03B	-11.12B	-854M
Cash from Financing	-10.47B	-15.77B	-18.48B	-27.04B	-14.14B
Foreign Exchange Rate Adjustments	21.2M	-88.4M	73.91M	-156M	-93.34M
Net Change in Cash	-11.37B	952M	9.08B	-2.87B	1.62B
Supplemental Items
Cash Income Tax Paid (Refund)	4.66B	3.97B	8.83B	11.97B	9.52B
Levered Free Cash Flow	1.48B	6.4B	21.6B	14.51B	13.93B
Unlevered Free Cash Flow	4.21B	9.12B	24.06B	16.9B	16.01B
Change In Net Working Capital	-1.05B	-1.62B	-5.74B	2.14B	-15.73M
Net Debt Issued / Repaid	-7.58B	-12.5B	-8.35B	-11.94B	-9.82B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.72	1.94	6.06	5.84	5.45
Return on Total Capital	2.03	2.3	7.23	7.07	6.59
Return On Equity %	2.15	2.22	10.81	12.22	13.48
Return on Common Equity	1.18	0.88	8.72	7.09	11.59
Margin Analysis
Gross Profit Margin %	6.64	7.5	10.23	11.11	12.8
SG&A Margin	2.43	2.41	1.47	1.51	2.1
EBITDA Margin %	6.91	7.52	9.94	10.36	12.56
EBITA Margin %	3.17	3.66	7.2	7.28	8.55
EBIT Margin %	2.92	3.32	6.96	7.02	8.21
Income From Continuing Operations Margin %	0.78	0.85	2.89	3.73	5.59
Net Income Margin %	0.45	0.4	1.88	1.44	2.98
Net Avail. For Common Margin %	0.33	0.26	1.81	1.4	2.96
Normalized Net Income Margin	0.41	0.31	2.24	1.4	1.7
Levered Free Cash Flow Margin	0.78	3.44	8.01	4.99	6.19
Unlevered Free Cash Flow Margin	2.22	4.9	8.92