1934 ACT FILE NO. 001-15264 SECURITIES AND EXCHANGE COMMISSION
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
For the month of October 2015
Aluminum Corporation of China Limited
No. 62 North Xizhimen Street
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or 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. If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- |
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 October 29, 2015 |
By
/s/ Xu Bo
|
|
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. |
(Stock Code: 2600) |
2015 THIRD QUARTERLY REPORT |
This announcement is made by Aluminum Corporation of China Limited* (the "Company", 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 Rule 13.09 and Rule 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 members of the Company guarantee the truthfulness, accuracy and completeness of this quarterly report, that it contains no false representation, misleading statement or material omission, and assume several and joint liabilities. |
|
1.2 |
All the directors of the Company attended the meeting of the board of directors and reviewed the quarterly report. |
|
1.3 |
Ge Honglin, Person-in-charge of the Company, Xie Weizhi, Person-in-charge of Accounting, Gao Xingfang, Head of the Accounting Department warrant the truthfulness, accuracy and completeness of the financial statements in this quarterly report. |
|
1.4 |
The third quarterly report of the Company has not been audited. |
|
2. |
PRINCIPAL FINANCIAL DATA OF THE COMPANY AND THE CHANGES OF SHAREHOLDERS |
2.1 |
Principal financial data |
|
Unit: '000 Currency: RMB |
||
30 September |
31 December |
Increase/ |
||
2015 |
2014 |
Decrease |
||
(%) |
||||
Total assets |
188,324,856 |
192,631,971 |
-2.24 |
|
Net assets attributable to owners |
||||
of the parent |
35,487,938 |
28,275,687 |
25.51 |
|
2015 |
2014 |
|||
(January |
(January |
Increase/ |
||
-September) |
-September) |
Decrease |
||
(%) |
||||
Net cash flow from operating |
||||
activities |
3,079,450 |
5,317,849 |
-42.09 |
|
2015 |
2014 |
|||
(January |
(January |
Increase/ |
||
-September) |
-September) |
Decrease |
||
(%) |
||||
Operating revenue |
95,274,020 |
104,786,229 |
-9.08 |
|
Net profit attributable to owners |
||||
of the parent |
-931,439 |
-5,412,039 |
N/A |
|
Profit attributable to owners of |
||||
the parent after excluding |
||||
extraordinary gains and losses |
-2,881,703 |
-6,153,672 |
N/A |
|
Weighted average rate of return |
||||
on net assets (%) |
-2.92 |
-12.97 |
N/A |
|
Basic earnings per share |
||||
(RMB per share) |
-0.07 |
-0.40 |
N/A |
|
Diluted earnings per share |
||||
(RMB per share) |
-0.07 |
-0.40 |
N/A |
|
Gains and losses arising from extraordinary items and amount |
|
Unit: '000 Currency: RMB |
||
2015 |
2015 |
|||
(July- |
(January- |
|||
Items |
September) |
September) |
Description |
|
Gains/(Losses) from disposal of |
||||
non-current assets |
134 |
21,260 |
||
Government subsidies included in |
||||
the gains and losses for the |
||||
reporting 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) |
524,781 |
1,191,081 |
||
Gains/(Losses) from discretionary investment or asset management |
337 |
36,109 |
||
Except for the hedging business that |
||||
is related to the ordinary business |
||||
of the Company, the gains or |
||||
losses arising from fair value |
||||
changes of held-for-trading |
||||
financial assets and liabilities and |
||||
investment income on disposing |
||||
held-for-trading financial assets |
||||
and liabilities and available-for- |
||||
sale financial assets |
-332,903 |
-377,888 |
||
Write back of the provision for |
||||
impairment of receivables that are |
||||
individually tested for impairment |
237,889 |
250,154 |
||
Gains/(Losses) on external |
||||
entrusted loans |
8,528 |
36,442 |
||
Other non-operating income and |
||||
expenses other than above items |
113 |
125,277 |
||
Investment gains from disposal of |
||||
joint ventures and associates |
767,828 |
|||
Income tax effect |
64,286 |
-12,069 |
||
Non-controlling interests |
||||
effect (after tax) |
-48,282 |
-87,930 |
||
|
|
|||
Total |
454,883 |
1,950,264 |
||
|
|
|||
2.2 |
Total number of shareholders, the top ten shareholders and the top ten shareholders of tradable shares (or shareholders not subject to trading moratorium) as at the end of the reporting period |
Unit: Share |
||
Total number of shareholders |
582,333 |
|
Shareholding status of top ten shareholders |
|
Number |
Pledged or frozen status |
||||||
Number of |
of shares |
||||||
shares held at |
held subject |
||||||
the end of |
to trading |
Share |
Nature of |
||||
Name of shareholders (in full) |
the period |
Percentage |
moratorium |
status |
Number |
shareholders |
|
(%) |
|||||||
Aluminum Corporation of China |
4,888,864,006 |
32.80 |
0 |
None |
0 |
State |
|
HKSCC Nominees Limited |
3,929,452,355 |
26.37 |
0 |
Unknown |
0 |
Foreign legal person |
|
China Securities Finance |
445,625,024 |
2.99 |
0 |
None |
0 |
State-owned legal |
|
Corporation Limited |
person |
||||||
() |
|||||||
Baotou Aluminum (Group) Co., Ltd. |
238,377,795 |
1.60 |
0 |
None |
0 |
State-owned legal |
|
person |
|||||||
SWS MU Fund Management-Industrial |
169,103,449 |
1.13 |
169,103,449 |
Frozen |
169,103,449 |
Domestic non-state- |
|
and Commercial Bank-Ruilin Private |
owned legal |
||||||
Placement No. 4 Asset Management Plan |
person |
||||||
|
|||||||
China Cinda Asset Management Co., Ltd. |
147,253,426 |
0.99 |
0 |
None |
0 |
State-owned legal |
|
() |
person |
||||||
Huaxia Life Insurance Co., Ltd. |
138,889,655 |
0.93 |
138,889,655 |
Frozen |
138,889,655 |
Domestic non-state- |
|
-Universal life Insurance Product |
owned legal |
||||||
|
person |
||||||
Truvalue Asset Management-China |
138,593,103 |
0.93 |
138,593,103 |
Frozen |
138,593,103 |
Domestic non-state- |
|
Merchants Bank -Pengde Growth No. 1 |
owned legal |
||||||
Asset Management Plan |
person |
||||||
|
|||||||
Tianan Property Insurance Company |
138,158,621 |
0.93 |
138,158,621 |
Frozen |
138,158,621 |
Domestic non-state- |
|
Limited -Guarantee Profit No. 1 |
owned legal |
||||||
|
person |
||||||
Central Huijin Investment Ltd. |
137,295,400 |
0.92 |
0 |
None |
0 |
State-owned legal |
|
() |
person |
||||||
Shareholding status of the top ten shareholders not subject to |
|
trading moratorium |
|
Number of |
||||
tradable |
||||
shares not |
||||
subject to |
||||
trading |
||||
Name of shareholders |
moratorium |
Class and number of shares |
||
held |
Class |
Number |
||
Aluminum Corporation of China |
4,888,864,006 |
RMB denominated |
4,888,864,006 |
|
ordinary shares |
||||
HKSCC Nominees Limited |
3,929,452,355 |
Overseas listed |
3,929,452,355 |
|
foreign shares |
||||
China Securities Finance |
445,625,024 |
RMB denominated |
445,625,024 |
|
Corporation Limited |
ordinary shares |
|||
Baotou Aluminum (Group) |
||||
Co., Ltd. |
238,377,795 |
RMB denominated |
238,377,795 |
|
ordinary shares |
||||
China Cinda Asset Management |
147,253,426 |
RMB denominated |
147,253,426 |
|
Co., Ltd. ( |
ordinary shares |
|||
Central Huijin Investment Ltd. ) |
137,295,400 |
RMB denominated |
137,295,400 |
|
ordinary shares |
||||
Bank of China Limited |
31,543,494 |
RMB denominated |
31,543,494 |
|
-China AMC New Economy |
ordinary shares |
|||
Flexible Hybrid Securities |
||||
Investment Seed Fund |
||||
|
||||
Peng Kai |
28,676,950 |
RMB denominated |
28,676,950 |
|
ordinary shares |
||||
Chen Xiaomao |
28,000,000 |
RMB denominated |
28,000,000 |
|
ordinary shares |
||||
Hong Kong Securities Clearing |
||||
Company Limited |
27,975,426 |
RMB denominated |
27,975,426 |
|
ordinary shares |
||||
Connected relationship or |
The number of shares of Aluminum Corporation of China does not contain the A shares of the Company held indirectly by Batou Aluminum (Group) Co., Ltd. and Shanxi Aluminum Plant. Aluminum Corporation of China and its subsidiaries altogether hold 5,134,382,055 shares of the Company and 34.45% of voting rights. |
|
2.3 |
Total number of preference shareholders, top ten preference shareholders and top ten preference shareholders not subject to trading moratorium as at the end of the reporting period |
3. |
SIGNIFICANT EVENTS |
3.1 |
Material changes in major accounting items and financial indicators and the reasons thereof |
1. |
Financial assets at fair value through profit or loss for the period decreased by 94%, mainly attributable to the decrease in the floating profit of the futures contracts held by the Group at the end of the period. |
|
2. |
Accounts receivable increased by 50%, mainly attributable to the accounts receivable of aluminum products of the Group not yet due. |
|
3. |
Dividends receivable increased by 102%, mainly attributable to the dividend distribution as declared by the associates of the Group. |
|
4. |
Interest receivable increased by 131%, mainly attributable to the interest accrued not yet due on the consideration of asset transfer of the Group. |
|
5. |
Available-for-sale current financial assets decreased by 97%, mainly attributable to the recovery of capital due to the maturity of wealth management products of the Group. |
|
6. |
Available-for-sale non-current financial assets increased by 77%, mainly attributable to the increase in the fair value of the available-for-sale financial assets held by the Group. |
|
7. |
Construction materials increased by 93%, mainly attributable to the increase in the use of construction materials of the Group. |
|
8. |
Financial liabilities at fair value through profit or loss for the period increased by 827%, mainly attributable to the increase in floating losses of the futures contracts held by the Group at the end of the period. |
|
9. |
Taxes payable increased by 125%, mainly attributable to the increase in the circulation tax payable as a result of the increase in the gross profit of the principal products of the Group. |
|
10. |
Other current liabilities decreased by 77%, mainly attributable to the repayment of the short-term financing bonds of the Group. |
|
11. |
Long-term payables increased by 196%, mainly attributable to the increase in finance lease payable of the Group. |
|
12. |
Other comprehensive income increased by 138%, mainly attributable to the increase in exchange differences on foreign currency translation in financial statements. |
|
13. |
Business tax and surcharges increased by 31%, mainly attributable to the increase in taxes and surcharges as a result of the rise in the gross profit of the principal products of the Group. |
|
14. |
Loss from changes in fair value increased by 730%, mainly attributable to the increase in the floating loss of the futures of the Group. |
|
15. |
The investment income increased by 103%, mainly attributable to the gain from the transfer of the equity interests in the associates by the Group. |
|
16. |
Non-operating income increased by 101%, mainly attributable to the increase in government subsidies granted to the Group. |
|
17. |
Income tax expenses decreased by 155%, mainly attributable to the increase in recognition of part of deferred income tax assets by the Group. |
|
18. |
In respect of the production and operation, the Company strictly controlled various costs and fees, leading to an increase of approximately 3 percentage points in gross profit margin, while the costs of alumina and electrolytic aluminum, both principal products, decreased by approximately 9% and 6%, respectively. |
|
3.2 |
Progress of significant events and effects thereof and analysis on solutions |
3.3 |
Implementation of undertakings by the Company and its shareholders with shareholding of 5% or more |
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 over the corresponding period last year and the reasons thereof |
Aluminum Corporation of China Limited* |
||
Legal representative: Ge Honglin |
||
29 October 2015 |
||
IV. |
APPENDICES |
4.1 |
Financial Statements |
Consolidated Balance Sheet |
|
As at 30 September 2015 |
|
Prepared by: Aluminum Corporation of China Limited* |
|
Unit: '000 Currency: RMB Audit type: unaudited |
Items |
30 September |
31 December |
|
2015 |
2014 |
||
Current assets: |
|||
Monetary capital |
14,913,733 |
17,932,190 |
|
Financial assets at fair value through |
|||
profit or loss for the period |
7,770 |
120,901 |
|
Notes receivable |
2,267,179 |
2,332,964 |
|
Accounts receivable |
4,478,211 |
2,979,611 |
|
Prepayments |
3,663,609 |
3,266,451 |
|
Interest receivable |
237,690 |
103,060 |
|
Dividends receivable |
252,249 |
125,159 |
|
Other receivables |
7,597,492 |
6,733,911 |
|
Inventories |
23,678,972 |
22,441,448 |
|
Available-for-sale assets |
137,310 |
4,635,600 |
|
Non-current assets due within one year |
17,331 |
29,371 |
|
Other current assets |
2,962,408 |
2,773,717 |
|
|
|
||
Total current assets |
60,213,954 |
63,474,383 |
|
|
|
||
Items |
30 September |
31 December |
|
2015 |
2014 |
||
Non-current assets: |
|||
Available-for-sale financial assets |
132,670 |
74,850 |
|
Held-to-maturity investments |
|||
Long-term receivables |
|||
Long-term equity investments |
7,279,100 |
7,366,715 |
|
Fixed assets |
81,128,757 |
83,651,644 |
|
Construction in progress |
12,571,052 |
10,269,333 |
|
Construction materials |
215,064 |
111,398 |
|
Disposals of fixed assets |
312,208 |
275,759 |
|
Intangible assets |
11,570,952 |
11,907,330 |
|
Goodwill |
2,345,533 |
2,345,057 |
|
Long-term deferred expenditures |
316,891 |
317,275 |
|
Deferred income tax assets |
1,379,969 |
952,057 |
|
Other non-current assets |
10,858,706 |
11,886,170 |
|
|
|
||
Total non-current assets |
128,110,902 |
129,157,588 |
|
|
|
||
Total assets |
188,324,856 |
192,631,971 |
|
|
|
||
Current liabilities: |
|||
Short-term borrowings |
35,687,151 |
40,792,689 |
|
Financial liabilities at fair value through profit |
|||
or loss for the period |
272,332 |
29,384 |
|
Notes payable |
6,071,941 |
5,234,103 |
|
Accounts payable |
9,798,336 |
10,514,248 |
|
Payments received in advance |
2,513,345 |
2,697,439 |
|
Staff remuneration payable |
495,427 |
865,499 |
|
Taxes payable |
1,019,895 |
454,141 |
|
Interest payable |
632,192 |
923,930 |
|
Dividends payable |
170,662 |
187,228 |
|
Other payables |
6,147,046 |
7,560,534 |
|
Non-current liabilities due within one year |
6,986,387 |
11,431,220 |
|
Other current liabilities |
5,314,905 |
23,545,151 |
|
|
|
||
Total current liabilities |
75,109,619 |
104,235,566 |
|
|
|
||
Items |
30 September |
31 December |
|
2015 |
2014 |
||
Non-current liabilities: |
|||
Long-term borrowings |
30,866,636 |
25,373,482 |
|
Debentures payable |
25,720,693 |
18,235,831 |
|
Long-term payables |
5,713,766 |
1,931,192 |
|
Long-term staff remuneration payable |
1,088,123 |
1,128,572 |
|
Special payables |
96,780 |
104,080 |
|
Projected liabilities |
104,380 |
108,510 |
|
Deferred gains |
1,382,299 |
824,631 |
|
Deferred income tax liabilities |
1,046,804 |
1,061,265 |
|
Other non-current liabilities |
|||
|
|
||
Total non-current liabilities |
66,019,481 |
48,767,563 |
|
|
|
||
Total liabilities |
141,129,100 |
153,003,129 |
|
|
|
||
Owner's equity |
|||
Share capital |
14,903,798 |
13,524,488 |
|
Capital reserve |
20,290,338 |
13,772,176 |
|
Special reserve |
175,755 |
187,858 |
|
Surplus reserve |
5,867,557 |
5,867,557 |
|
Retained earnings |
-5,820,532 |
-4,889,093 |
|
Other comprehensive income |
71,022 |
-187,299 |
|
|
|
||
Total owner's equity attributable to the owners |
|||
of the parent |
35,487,938 |
28,275,687 |
|
Non-controlling interest |
11,707,818 |
11,353,155 |
|
|
|
||
Total owner's equity |
47,195,756 |
39,628,842 |
|
|
|
||
Total liabilities and owner's equity |
188,324,856 |
192,631,971 |
|
|
|
||
Head of Accounting |
||
Legal Representative: |
Person-in-charge of Accounting: |
Department: |
Ge Honglin |
Xie Weizhi |
Gao Xingfang |
Balance Sheet of the Parent Company |
|
As at 30 September 2015 |
|
Prepared by: Aluminum Corporation of China Limited* |
|
Unit: '000 Currency: RMB Audit type: unaudited |
Items |
30 September |
31 December |
|
2015 |
2014 |
||
Current assets: |
|||
Monetary capital |
7,478,124 |
7,820,444 |
|
Notes receivable |
404,345 |
636,917 |
|
Accounts receivable |
1,680,072 |
1,269,061 |
|
Prepayments |
420,878 |
230,885 |
|
Interest receivable |
96,959 |
72,665 |
|
Dividends receivable |
206,363 |
217,180 |
|
Other receivables |
11,719,484 |
7,652,457 |
|
Inventories |
6,963,556 |
11,089,803 |
|
Available-for-sale assets |
25,600 |
2,525,600 |
|
Non-current assets due within one year |
16,095 |
28,000 |
|
Other current assets |
550,420 |
751,624 |
|
|
|
||
Total current assets |
29,561,896 |
32,294,636 |
|
|
|
||
Items |
30 September |
31 December |
|
2015 |
2014 |
||
Non-current assets: |
|||
Available-for-sale financial assets |
64,820 |
7,000 |
|
Long-term equity investments |
36,109,437 |
29,119,243 |
|
Fixed assets |
30,921,626 |
41,494,927 |
|
Construction in progress |
3,400,991 |
2,534,225 |
|
Construction materials |
32,235 |
35,176 |
|
Disposals of fixed assets |
279,685 |
269,277 |
|
Intangible assets |
1,846,627 |
2,409,928 |
|
Goodwill |
2,330,945 |
2,330,945 |
|
Long-term deferred expenditures |
35,745 |
51,064 |
|
Deferred income tax assets |
573,951 |
291,822 |
|
Other non-current assets |
2,417,316 |
3,607,592 |
|
|
|
||
Total non-current assets |
78,013,378 |
82,151,199 |
|
|
|
||
Total assets |
107,575,274 |
114,445,835 |
|
|
|
||
Current liabilities: |
|||
Short-term borrowings |
17,300,000 |
22,335,000 |
|
Notes payable |
1,080,000 |
500,000 |
|
Accounts payable |
2,970,480 |
5,292,515 |
|
Payments received in advance |
247,384 |
296,378 |
|
Staff remuneration payable |
202,139 |
552,783 |
|
Taxes payable |
190,168 |
154,650 |
|
Interest payable |
536,085 |
724,397 |
|
Other payables |
3,899,391 |
4,641,018 |
|
Non-current liabilities due within one year |
2,778,371 |
7,303,304 |
|
Other current liabilities |
5,308,010 |
23,536,390 |
|
|
|
||
Total current liabilities |
34,512,028 |
65,336,435 |
|
|
|
||
Items |
30 September |
31 December |
|
2015 |
2014 |
||
Non-current liabilities: |
|||
Long-term borrowings |
10,931,800 |
6,104,341 |
|
Debentures payable |
25,320,693 |
17,835,831 |
|
Long-term payables |
2,789,671 |
||
Long-term staff remuneration payable |
610,393 |
858,430 |
|
Special payables |
92,780 |
92,780 |
|
Deferred gains |
668,516 |
365,965 |
|
|
|
||
Total non-current liabilities |
40,413,853 |
25,257,347 |
|
|
|
||
Total liabilities |
74,925,881 |
90,593,782 |
|
|
|
||
Owner's equity: |
|||
Share capital |
14,903,798 |
13,524,488 |
|
Capital reserve |
21,159,944 |
14,641,782 |
|
Special reserve |
58,400 |
56,844 |
|
Surplus reserve |
5,867,557 |
5,867,557 |
|
Retained earnings |
-9,402,784 |
-10,238,618 |
|
Other comprehensive income |
62,478 |
||
|
|
||
Total owner's equity |
32,649,393 |
23,852,053 |
|
|
|
||
Total liabilities and owner's equity |
107,575,274 |
114,445,835 |
|
|
|
||
Head of Accounting |
||
Legal Representative: |
Person-in-charge of Accounting: |
Department: |
Ge Honglin |
Xie Weizhi |
Gao Xingfang |
Consolidated Income Statement |
|
January to September 2015 |
|
Prepared by: Aluminum Corporation of China Limited* |
|
Unit: '000 Currency: RMB Audit type: unaudited |
2015 |
2014 |
2015 |
2014 |
||
(July to |
(July to |
(January to |
(January |
||
Items |
September) |
September) |
September) |
to September) |
|
I. Total operating revenue |
29,186,851 |
34,694,207 |
95,274,020 |
104,786,229 |
|
Operating revenue |
29,186,851 |
34,694,207 |
95,274,020 |
104,786,229 |
|
II. Total cost of operations |
30,601,523 |
36,281,607 |
98,274,964 |
110,992,467 |
|
Including: Operating cost |
28,433,474 |
33,614,701 |
90,600,391 |
102,957,520 |
|
Business tax and surcharges |
96,156 |
87,462 |
295,640 |
226,541 |
|
Selling expenses |
387,421 |
423,286 |
1,273,246 |
1,237,937 |
|
Administrative expenses |
550,865 |
680,143 |
1,623,201 |
1,860,771 |
|
Finance expenses |
1,262,705 |
1,535,144 |
4,044,103 |
4,315,770 |
|
Loss on assets impairment |
-129,098 |
-59,129 |
438,383 |
393,928 |
|
Add: Gains on fair value changes |
|||||
(loss stated with "-") |
-65,556 |
21,011 |
-302,217 |
48,006 |
|
Investment income (loss stated with "-") |
-199,823 |
49,563 |
979,137 |
481,934 |
|
Including: Investment |
|||||
income |
|||||
from |
|||||
associated |
|||||
companies |
|||||
and |
|||||
joint ventures |
67,524 |
64,801 |
251,209 |
400,909 |
|
III. Operating profit (loss stated with "-") |
-1,680,051 |
-1,516,826 |
-2,324,024 |
-5,676,298 |
|
Add: Non-operating income |
541,369 |
308,456 |
1,378,268 |
686,126 |
|
Less: Non-operating expenses |
16,341 |
8,974 |
40,649 |
21,868 |
|
Including: Loss from |
|||||
disposal of |
|||||
non-current |
|||||
assets |
938 |
684 |
969 |
1,372 |
|
IV. Total profit (total loss stated with "-") |
-1,155,023 |
-1,217,344 |
-986,405 |
-5,012,040 |
|
Less: Income tax expenses |
-225,045 |
22,960 |
-261,531 |
474,052 |
|
2015 |
2014 |
2015 |
2014 |
||
(July to |
(July to |
(January to |
(January |
||
Items |
September) |
September) |
September) |
to September) |
|
V. Net profit (net loss stated with "-") |
-929,978 |
-1,240,304 |
-724,874 |
-5,486,092 |
|
Net profit attributable to owners of |
|||||
the parent company |
-959,018 |
-1,288,607 |
-931,439 |
-5,412,039 |
|
Non-controlling interests |
29,040 |
48,303 |
206,565 |
-74,053 |
|
VI. Other comprehensive income |
|||||
net of tax |
275,092 |
-12,890 |
258,321 |
61,917 |
|
Other comprehensive income net of |
|||||
tax attributable to the owners of |
|||||
the parent company |
275,092 |
-12,890 |
258,321 |
61,917 |
|
Other comprehensive income that |
|||||
will be reclassified to profit or loss |
|||||
subsequently |
275,092 |
-12,890 |
258,321 |
61,917 |
|
1. Share of other comprehensive income (that |
|||||
will be reclassified to profit or loss |
|||||
subsequently) of investees |
|||||
accounted for using equity method |
4,658 |
||||
2. Gain or loss from changes in the fair |
|||||
values of available-for-sale |
|||||
financial assets |
57,820 |
||||
3. Exchange differences on foreign |
|||||
currency translation |
275,092 |
-12,890 |
195,843 |
61,917 |
|
VII. Total comprehensive income |
-654,886 |
-1,253,194 |
-466,553 |
-5,424,175 |
|
Total comprehensive income |
|||||
attributable to owners of the parent |
-683,926 |
-1,301,497 |
-673,118 |
-5,350,122 |
|
Total comprehensive income |
|||||
attributable to non-controlling |
|||||
shareholders |
29,040 |
48,303 |
206,565 |
-74,053 |
|
VIII.Earnings per share: |
|||||
(i) Basic earnings per share |
|||||
(RMB per share) |
-0.07 |
-0.10 |
-0.07 |
-0.40 |
|
(ii) Diluted earnings per share |
|||||
(RMB per share) |
-0.07 |
-0.10 |
-0.07 |
-0.40 |
|
Head of Accounting |
||
Legal Representative: |
Person-in-charge of Accounting: |
Department: |
Ge Honglin |
Xie Weizhi |
Gao Xingfang |
Income Statement of the Parent Company |
|
January to September 2015 |
|
Prepared by: Aluminum Corporation of China Limited* |
|
Unit: '000 Currency: RMB Audit type: unaudited |
2015 |
2014 |
2015 |
2014 |
||
(July to |
(July to |
(January to |
(January |
||
Items |
September) |
September) |
September) |
to September) |
|
I. Operating revenue |
7,606,935 |
10,448,263 |
24,121,607 |
30,772,029 |
|
Less: Operating Costs |
7,715,927 |
10,449,255 |
23,134,360 |
31,084,922 |
|
Business tax and surcharges |
29,078 |
43,118 |
105,137 |
111,900 |
|
Selling expenses |
137,464 |
263,032 |
497,126 |
775,740 |
|
Administrative expenses |
241,132 |
390,495 |
722,031 |
1,012,626 |
|
Finance expenses |
600,874 |
1,007,316 |
2,236,401 |
2,709,579 |
|
Loss on assets impairment |
60,984 |
-70,459 |
187,532 |
391,687 |
|
Add: Gains on fair value changes |
|||||
(loss stated with "-") |
385 |
482 |
|||
Investment income (loss stated with "-") |
-20,739 |
1,057,088 |
2,583,108 |
1,142,709 |
|
Including: Investment income |
|||||
from associated |
|||||
companies and |
|||||
joint ventures |
-20,739 |
62,498 |
24,294 |
107,644 |
|
II. Operating profit |
|||||
(loss stated with "-") |
-1,199,263 |
-577,021 |
-177,872 |
-4,171,234 |
|
Add: Non-operating income |
154,609 |
199,363 |
692,044 |
443,817 |
|
Less: Non-operating expenses |
5,257 |
4,791 |
11,634 |
12,670 |
|
Including: Loss from disposal |
|||||
of non-current |
|||||
assets |
871 |
122 |
884 |
584 |
|
III. Total profit (total loss stated with "-") |
-1,049,911 |
-382,449 |
502,538 |
-3,740,087 |
|
Less: Income tax expenses |
-279,667 |
30,464 |
-333,296 |
372,765 |
|
IV. Net profit (net loss stated with "-") |
-770,244 |
-412,913 |
835,834 |
-4,112,852 |
|
2015 |
2014 |
2015 |
2014 |
||
(July to |
(July to |
(January to |
(January |
||
Items |
September) |
September) |
September) |
to September) |
|
V. Other comprehensive income |
|||||
net of tax |
62,478 |
0 |
|||
Other comprehensive income that |
|||||
will be reclassified to profit or loss |
|||||
subsequently |
62,478 |
||||
1. Share of other comprehensive |
|||||
income (that will be |
|||||
reclassified to profit or loss |
|||||
subsequently) of investees |
|||||
accounted for using equity |
|||||
method |
4,658 |
||||
2. Gain or loss from changes in |
|||||
the fair value of available- |
|||||
for-sale financial assets |
57,820 |
||||
VI. Total comprehensive income |
-770,244 |
-412,913 |
898,312 |
-4,112,852 |
|
Head of Accounting |
||
Legal Representative: |
Person-in-charge of Accounting: |
Department: |
Ge Honglin |
Xie Weizhi |
Gao Xingfang |
Consolidated Cash Flow Statement |
|
January to September 2015 |
|
Prepared by: Aluminum Corporation of China Limited* |
|
Unit: '000 Currency: RMB Audit type: unaudited |
2015 |
2014 |
||
January |
January |
||
Items |
to September |
to September |
|
I. Cash flow from operating activities: |
|||
Cash received from product sales and |
|||
rendering of services |
103,486,571 |
122,018,470 |
|
Refund of tax and levies received |
12,450 |
62,690 |
|
Other cash received relating to operating |
|||
activities |
891,475 |
1,030,799 |
|
|
|
||
Sub-total of cash inflow from |
|||
operating activities |
104,390,496 |
123,111,959 |
|
|
|
||
Cash paid for purchase of goods and |
|||
receipt of services |
91,690,940 |
107,612,362 |
|
Cash paid to and on behalf of employees |
4,522,682 |
4,579,969 |
|
Taxes and surcharges paid |
2,969,920 |
2,709,847 |
|
Other cash paid relating to operating |
|||
activities |
2,127,504 |
2,891,932 |
|
|
|
||
Sub-total of cash outflow from |
|||
operating activities |
101,311,046 |
117,794,110 |
|
|
|
||
Net cash flow from operating activities |
3,079,450 |
5,317,849 |
|
|
|
||
2015 |
2014 |
||
January |
January |
||
Items |
to September |
to September |
|
II. Cash flows from investment activities: |
|||
Cash received from recovery of investments |
1,615,050 |
274,786 |
|
Cash received from returns on investments |
199,421 |
116,594 |
|
Net cash received from disposal of fixed |
|||
assets, intangible assets and other long- |
|||
term assets |
47,290 |
190,264 |
|
Net cash received from disposal of |
|||
subsidiaries and other operating entities |
1,568,950 |
3,640,143 |
|
Other cash received relating to investment |
|||
activities |
5,920,406 |
1,796,772 |
|
|
|
||
Sub-total of cash inflow from investment |
|||
activities |
9,351,117 |
6,018,559 |
|
|
|
||
Cash paid to acquire fixed assets, intangible |
|||
assets and other long-term assets |
6,298,423 |
5,777,211 |
|
Cash paid for investment |
840,830 |
104,948 |
|
Net cash paid for acquisition of subsidiaries |
|||
and other operating entities |
36,756 |
||
Net cash paid for disposal of subsidiaries |
|||
and other operating entities |
234 |
||
Other cash paid relating to investment |
|||
activities |
175,047 |
2,420,610 |
|
|
|
||
Sub-total of cash outflow from investment |
|||
activities |
7,314,534 |
8,339,525 |
|
|
|
||
Net cash flows from investment activities |
2,036,583 |
-2,320,966 |
|
|
|
||
2015 |
2014 |
||
January |
January |
||
Items |
to September |
to September |
|
III. Cash flow from financing activities: |
|||
Proceeds received from investments |
7,998,472 |
262,277 |
|
Including : Proceeds received by subsidiaries |
|||
from non-controlling |
|||
shareholders' investment |
101,000 |
262,277 |
|
Cash received from borrowings |
33,666,938 |
39,023,023 |
|
Cash received from issue of debentures |
18,500,000 |
28,461,813 |
|
Other cash received relating to financing |
|||
activities |
5,329,394 |
889,840 |
|
|
|
||
Sub-total of cash inflow from financing |
|||
activities |
65,494,804 |
68,636,953 |
|
|
|
||
Cash paid for repayment |
67,774,897 |
64,326,149 |
|
Cash paid for dividend and profit |
|||
distribution or interest repayment |
5,073,963 |
4,501,471 |
|
Including: Dividend and profit paid by |
|||
subsidiaries to non-controlling |
|||
shareholders |
19,554 |
||
Other cash paid relating to financing |
|||
activities |
499,545 |
430,910 |
|
|
|
||
Sub-total of cash outflow from financing |
|||
activities |
73,348,405 |
69,258,530 |
|
|
|
||
Net cash flows from financing activities |
-7,853,601 |
-621,577 |
|
|
|
||
IV. Effect on cash and cash equivalents |
|||
due to change in foreign currency |
|||
exchange rate |
236,374 |
125,882 |
|
V. Net increase in cash and cash equivalents |
-2,501,194 |
2,501,188 |
|
Add: Balance of cash and cash equivalents |
|||
at the beginning of the period |
16,268,600 |
11,381,695 |
|
VI. Balance of cash and cash equivalents at |
|||
the end of the period |
13,767,406 |
13,882,883 |
|
Head of Accounting |
||
Legal Representative: |
Person-in-charge of Accounting: |
Department: |
Ge Honglin |
Xie Weizhi |
Gao Xingfang |
Cash Flow Statement of the Parent Company |
|
January to September 2015 |
|
Prepared by: Aluminum Corporation of China Limited* |
|
Unit: '000 Currency: RMB Audit type: unaudited |
2015 |
2014 |
||
January |
January |
||
Items |
to September |
to September |
|
I. Cash flow from operating activities: |
|||
Cash received from product sales and |
|||
rendering of services |
24,065,986 |
35,696,527 |
|
Refund of tax and levies received |
5,564 |
14,903 |
|
Other cash received relating to operating |
|||
activities |
4,634,022 |
645,587 |
|
|
|
||
Sub-total of cash inflow from operating |
|||
activities |
28,705,572 |
36,357,017 |
|
|
|
||
Cash paid for purchase of goods and receipt |
|||
of services |
18,472,309 |
30,051,383 |
|
Cash paid to and on behalf of employees |
2,005,171 |
2,804,211 |
|
Taxes and surcharges paid |
1,558,241 |
1,337,089 |
|
Other cash paid relating to operating |
|||
activities |
604,241 |
2,762,402 |
|
|
|
||
Sub-total of cash outflow from operating |
|||
activities |
22,639,962 |
36,955,085 |
|
|
|
||
Net cash flow from operating activities |
6,065,610 |
-598,068 |
|
|
|
||
2015 |
2014 |
||
January |
January |
||
Items |
to September |
to September |
|
II. Cash flows from investment activities: |
|||
Cash received from recovery of investments |
1,615,050 |
528,000 |
|
Cash received from returns on investments |
1,631,412 |
1,027,691 |
|
Net cash received from disposal of fixed |
|||
assets, intangible assets and other long- |
|||
term assets |
37,939 |
136,520 |
|
Net cash received from disposal of |
|||
subsidiaries and other operating entities |
1,568,950 |
3,640,143 |
|
Other cash received relating to investment |
|||
activities |
2,993,963 |
3,895,785 |
|
|
|
||
Sub-total of cash inflow from investment |
|||
activities |
7,847,314 |
9,228,139 |
|
|
|
||
Cash paid to acquire fixed assets, intangible |
|||
assets and other long-term assets |
1,659,838 |
1,603,175 |
|
Cash paid for investment |
1,089,152 |
642,250 |
|
Net cash paid for acquisition of subsidiaries |
|||
and other operating entities |
|||
Net cash paid for disposal of subsidiaries |
|||
and other operating entities |
236,370 |
||
Other cash paid relating to investment |
|||
activities |
4,390,000 |
4,898,331 |
|
|
|
||
Sub-total of cash outflow from investment |
|||
activities |
7,375,360 |
7,143,756 |
|
|
|
||
Net cash flows from investment activities |
471,954 |
2,084,383 |
|
|
|
||
2015 |
2014 |
||
January |
January |
||
Items |
to September |
to September |
|
III. Cash flows from financing activities: |
|||
Proceeds received from investments |
7,897,472 |
||
Cash received from borrowings |
16,530,000 |
22,157,000 |
|
Cash received from issuance of debentures |
18,500,000 |
26,000,000 |
|
Other cash received relating to financing |
|||
activities |
4,174,815 |
21,000 |
|
|
|
||
Sub-total of cash inflow from financing |
|||
activities |
47,102,287 |
48,178,000 |
|
|
|
||
Cash paid for repayment of debts |
50,599,251 |
43,175,994 |
|
Cash paid for dividend and profit |
|||
distribution or interest repayment |
2,815,611 |
3,015,881 |
|
Other cash paid relating to financing |
|||
activities |
304,759 |
82,500 |
|
|
|
||
Sub-total of cash outflow from financing |
|||
activities |
53,719,621 |
46,274,375 |
|
|
|
||
Net cash flows from financing activities |
-6,617,334 |
1,903,625 |
|
|
|
||
IV. Effect on cash and cash equivalents |
|||
due to change in foreign currency |
|||
exchange rate |
-36,353 |
-96 |
|
V. Net increase in cash and cash equivalents |
-116,123 |
3,389,844 |
|
Add: Balance of cash and cash equivalents |
|||
at the beginning of the period |
7,567,985 |
4,890,967 |
|
VI. Balance of cash and cash equivalents at |
|||
the end of the period |
7,451,862 |
8,280,811 |
|
Head of Accounting |
||
Legal Representative: |
Person-in-charge of Accounting: |
Department: |
Ge Honglin |
Xie Weizhi |
Gao Xingfang |
4.2 |
Audit report |
By order of the Board |
||
Aluminum Corporation of China Limited* |
||
Xu Bo |
||
Company Secretary |
||
Beijing, the PRC |
29 October 2015 |
As at the date of this announcement, the members of the board of directors comprise Mr. Ge Honglin, Mr. Luo Jianchuan, Mr. Liu Xiangmin and Mr. Jiang Yinggang (Executive Directors); Mr. Liu Caiming and Mr. Wang Jun (Non-executive Directors); Mr. Ma Si-hang, Frederick, Ms. Chen Lijie and Mr. Hu Shihai (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: Xu Bo, Company Secretary |