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MarketScreener Homepage  >  Equities  >  Shanghai Stock Exchange  >  Aluminum Corporation of China Limited    601600   CNE1000000T0

ALUMINUM CORPORATION OF CHINA LIMITED

(601600)
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Aluminum Corp. of China 3Q Net Profit Surged Despite Lower Revenue

10/27/2020 | 04:22am EST

By Yifan Wang

Aluminum Corp. of China Ltd. said its net profit significantly rose in the third quarter despite lower revenue, thanks to higher investment income and a lower cost-to-sales ratio.

The alumina producer, better known as Chalco, posted Tuesday a net profit of 416.1 million yuan ($62.0 million) for the July-to-September quarter, much higher than the CNY103.9 million net profit a year earlier.

Revenue declined 3.5% to CNY49.05 billion, the company said.

For the first nine months of the year, net profit fell 44% to CNY451.78 million, as revenue declined 8.7% to CNY133.15 billion.

Write to Yifan Wang at yifan.wang@wsj.com

(END) Dow Jones Newswires

10-27-20 0521ET

Stocks mentioned in the article
ChangeLast1st jan.
ALUMINUM CORPORATION OF CHINA LIMITED 13.22% 2.57 End-of-day quote.-3.75%
ALUMINUM CORPORATION OF CHINA LIMITED 6.91% 3.87 End-of-day quote.9.32%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.37% 6.578 Delayed Quote.-5.88%
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10/14ALUMINUM OF CHINA : Date of Board Meeting
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More news
Financials
Sales 2020 182 B 27 605 M 27 605 M
Net income 2020 603 M 91,6 M 91,6 M
Net Debt 2020 94 302 M 14 321 M 14 321 M
P/E ratio 2020 51,3x
Yield 2020 -
Capitalization 69 916 M 9 020 M 10 617 M
EV / Sales 2020 0,90x
EV / Sales 2021 0,87x
Nbr of Employees 65 507
Free-Float 58,6%
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Technical analysis trends ALUMINUM CORPORATION OF CHINA LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 1,87 CNY
Last Close Price 2,57 CNY
Spread / Highest target 12,5%
Spread / Average Target -27,4%
Spread / Lowest Target -55,2%
EPS Revisions
Managers
NameTitle
Run Zhou Zhu President & Executive Director
Hong Ao Chairman
Guo Hua Ye Chairman-Supervisory Board
Jun Wang Chief Financial Officer & Secretary
Li Jie Chen Independent Non-Executive Director