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 2012
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 30, 2012 |
By
/s/ Liu Qiang
|
|
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) OVERSEAS REGULATORY ANNOUNCEMENT |
I. |
IMPORTANT NOTICE |
(I) |
The board of directors (the "Board"), the supervisory committee, the directors (the "Directors"), supervisors and senior management of Aluminum Corporation of China Limited* (the "Company") guarantee that this report contains no false representation, misleading statement or material omission. All of them jointly and severally accept responsibility for the truthfulness, accuracy and completeness of the contents of this report. |
|
(II) |
All the Directors attended the Board meeting. |
|
(III) |
This third quarterly financial report of the Company has not been audited. |
|
(IV) |
Name of Person-in-charge of the Company |
Xiong Weiping |
|
Name of Person-in-charge of Accounting |
Liu Caiming |
||
Name of Head of the Accounting Department |
Lu Dongliang |
||
Xiong Weiping, Person-in-charge of the Company, Liu Caiming, Person-in-charge of Accounting, and Lu Dongliang, Head of the Accounting Department warrant the truthfulness and completeness of the financial statements in this quarterly report. |
||
II. |
COMPANY PROFILE |
(I) |
Principal accounting data and financial indicators |
|
Currency: RMB |
||
The end of the |
The end of the |
Change from the end of |
|||
reporting period |
previous year |
the previous year |
|||
(%) |
|||||
Total assets (Thousand RMB) |
180,289,443.00 |
157,134,157.00 |
14.74 |
||
Owner's equity (or shareholders' |
|||||
equity) (Thousand RMB) |
47,631,162.00 |
51,853,354.00 |
-8.14 |
||
Net assets per share attributable to |
|||||
shareholders of the Company |
|||||
(RMB per share) |
3.52 |
3.83 |
-8.09 |
||
From the beginning |
||||
of the year to |
||||
the end of |
Change |
|||
the reporting |
from the |
|||
period (January |
same period |
|||
to September) |
last year |
|||
(%) |
||||
Net cash flow from operating |
||||
activities (Thousand RMB) |
-795,430.00 |
N/A |
||
Net cash flow per share generated |
||||
from operating activities |
||||
(RMB per share) |
-0.06 |
N/A |
||
From the beginning |
|||||
of the year to |
|||||
the end of |
Change |
||||
The reporting |
the reporting |
from the |
|||
period (July |
period (January |
same period |
|||
to September) |
to September) |
last year |
|||
(%) |
|||||
Net profit attributable to shareholders |
|||||
of the Company (Thousand RMB) |
-1,082,216.00 |
-4,335,471.00 |
N/A |
||
Basic earnings per share |
|||||
(RMB per share) |
-0.08 |
-0.32 |
N/A |
||
Basic profit per share after |
|||||
extraordinary gains and losses |
|||||
(RMB per share) |
-0.09 |
-0.34 |
N/A |
||
Diluted earnings per share |
|||||
(RMB per share) |
-0.08 |
-0.32 |
N/A |
||
Return on net assets |
|||||
(weighted average) (%) |
-2.25 |
-8.72 |
N/A |
||
Return on net assets after |
|||||
extraordinary gains and losses |
|||||
(weighted average) (%) |
-2.66 |
-9.10 |
N/A |
||
Deducting the gains and losses arising from extraordinary items and amount: |
||
Unit: '000 Currency: RMB |
||
Amount from |
|||
the beginning |
|||
of the year |
|||
to the end of |
|||
the reporting |
|||
period (January |
|||
Items |
to September) |
||
Gains and losses from disposal of non-current assets |
-4,493 |
||
Government subsidies included in the gains and losses |
|||
for the 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) |
337,113 |
||
Except for the hedging business that is related to the ordinary |
|||
business of the Company, the fair value gains or losses |
|||
arising from held-for-trading financial assets and liabilities |
|||
and investment income from disposing held-for-trading |
|||
financial assets and liabilities and available-for-sale |
|||
financial assets |
-69,699 |
||
Written back of the provision for impairment of accounts |
|||
receivable that is individually tested for impairment |
-1,022 |
||
Other non-operating income and expenses |
|||
other than above items |
2,941 |
||
Income tax effect |
-57,360 |
||
Minority interests effect (after tax) |
-16,825 |
||
|
|||
Total |
190,655 |
||
|
|||
(II) |
Total number of shareholders and the top ten shareholders not subject to trading moratorium as at the end of the reporting period |
|
Unit: Share |
||
Total number of shareholders as at the end of the reporting period |
531,574 |
||
The top ten shareholders of tradable shares not subject to trading moratorium |
||
Number of |
|||||
tradable shares |
|||||
not subject |
|||||
to trading |
|||||
moratorium held |
|||||
as at the end |
|||||
Name of shareholders (in full) |
of the period |
Class |
|||
Aluminum Corporation of China |
5,214,407,195 |
RMB denominated |
|||
ordinary shares |
|||||
HKSCC Nominees Limited |
3,923,967,945 |
Overseas listed |
|||
foreign shares |
|||||
China Cinda Assets Management Corporation |
800,759,074 |
RMB denominated |
|||
ordinary shares |
|||||
China Construction Bank Corporation Limited |
613,109,054 |
RMB denominated |
|||
ordinary shares |
|||||
Guokai Financial Limited Company |
415,168,145 |
RMB denominated |
|||
ordinary shares |
|||||
Baotou Aluminum (Group) Co., Ltd. |
340,567,795 |
RMB denominated |
|||
ordinary shares |
|||||
Lanzhou Aluminum Factory |
79,472,482 |
RMB denominated |
|||
ordinary shares |
|||||
Guizhou Provincial Materials Development |
66,549,065 |
RMB denominated |
|||
and Investment Corporation |
ordinary shares |
||||
Guangxi Investment Group Co., Ltd. |
41,372,956 |
RMB denominated |
|||
ordinary shares |
|||||
ICBC - Shanghai 50 ETF Index |
25,836,089 |
RMB denominated |
|||
Securities Investment Fund |
ordinary shares |
||||
III. |
SIGNIFICANT EVENTS |
(I) |
Material changes in major accounting items and financial indicators and the reasons thereof |
|
Applicable |
Not Applicable |
||
1. |
Held-for-trading financial assets increased by 968%, mainly attributable to the increase in floating gains from outstanding futures contracts of the Group as at the end of the period. |
||
2. |
Accounts receivable increased by 116%, mainly attributable to the increased receivables as a result of the increased trade volume of the Group. |
||
3. |
Prepayments increased by 83%, mainly attributable to the increase in prepayments for procurement by the Group with a view to securing a stable market supply and expanding its business. |
||
4. |
Other receivables increased by 68%, mainly attributable to the futures margin receivable of the Group. |
||
5. |
Long-term equity investments increased by 251%, mainly due to the investment in associates of the Group's Simandou Project. |
||
6. |
The long-term deferred expenditures increased by 61%, mainly due to the increase in the Group's expenditures of mine exploitation. |
||
7. |
Deferred income tax assets increased by 74%, mainly due to the increase in deferred tax assets resulted from the recognition of losses of the Group during the period. |
||
8. |
Other non-current assets increased by 265%, mainly due to the increased investment to Simfer Jersey Limited in the Simandou Project of the Group. |
||
9. |
Short-term borrowings increased by 44%, mainly attributable to the fact that the Group increased the external financing thorough short-term borrowing. |
||
10. |
Held-for-trading financial liabilities increased by 243%, mainly attributable to the floating loss from outstanding futures contracts of the Group as at the end of the period. |
||
11. |
Payment received in advance increased by 60%, mainly due to the increase in the products' settlement fees that the Group received in advance. |
||
12. |
Interests payable increased by 46%, mainly attributable to the increase in the size of interest-bearing debts of the Company. |
||
13. |
Other current liabilities increased by 39%, mainly attributable to the fact that the Group increased the financing through short-term bonds. |
||
14. |
Special payables decreased by 70%, mainly attributable to special payables being carried forward to capital reserves upon completion of certain projects of the Group. |
||
15. |
Special reserve (production safety fees) increased by 40%, mainly attributable to the increase in the provisions made for production safety fees by the Group. |
||
16. |
Minority interests increased by 60%, mainly due to the proceeds received by Chalco Iron Ore Holdings Limited (), a subsidiary of the Group, from minority shareholders' investments. |
||
17. |
Financial expenses increased by 49%, mainly attributable to the increase in the size of interest-bearing liabilities of the Group as compared with the same period last year. |
||
18. |
Loss on asset impairment increased by 35%, mainly due to the increase in the provision for inventory impairment made by the Group. |
||
19. |
Gains from changes in fair value decreased by 56%, mainly attributable to the decrease in gains on fair value changes arising from futures contracts held by the Group. |
||
20. |
Investment income decreased by 86%, mainly attributable to the decrease in the profit from associated companies and joint ventures of the Group as compared with the same period last year. |
||
21. |
Non-operating income increased by 402%, mainly attributable to the increase in the government subsidies in relation to profit and loss received by the Group. |
||
22. |
Non-operating expenses increased by 87%, mainly attributable to loss on the fixed assets retirement of the Group. |
||
23. |
Income tax expenses decreased by 381%, mainly attributable to the increase in deferred tax assets resulted from the recognition of losses of the Group in the period. |
||
24. |
Net profit decreased by 411%, mainly attributable to the fact that the price of aluminum continued to linger at low levels while the prices of raw materials stayed high. However, the third quarterly results of the Group had improved as compared with the first half of this year, with a decrease in loss of 36% on the same basis. |
||
25. |
As compared with the first half of the year, the Group's profit margin experienced an upward trend in the third quarter, representing an increase of 133%, mainly attributable to a decrease in product cost ranging from 3.9% to 4.3%; net cash flow from operating activities was a net inflow of RMB1.020 billion, representing an increase of net inflow of RMB2.835 billion from the net outflow of RMB1.815 billion in the first half of the year. At the end of September, the debt to asset ratio was 67.99%, representing a decrease of 1.55 percentage points from the end of June. The average financing cost at the end of September decreased by 0.6 percentage point as compared with that of the end of June. |
||
(II) |
Progress of significant events and effects thereof and analysis on solutions |
|
Applicable |
Not Applicable |
||
Non-public Offering of A shares |
||
On 8 March 2012, the 23rd meeting of the fourth session of the Board resolved to terminate the non-public issue plan for the issuance of not more than 1 billion A shares which had been approved by China Securities Regulatory Commission (the "CSRC" ) on 20 September 2011 and at the same time proposed to issue not more than 1.25 billion RMB denominated ordinary shares in the PRC to qualified legal persons, natural persons, or other legally qualified investors. On 5 April 2012, the Company received from the State-owned Assets Supervision and Administration Commission of the State Council (the "SASAC") the approval for such plan. At the 2012 First Extraordinary General Meeting, 2012 First Class Meeting for Holders of A Shares and 2012 First Class Meeting for Holders of H Shares held on 4 May 2012, the shareholders approved the non-public issue plan and related matters. On 24 August 2012, at the 29th meeting of the fourth session of the Board, the Board resolved to adjust the plan of non-public A shares issue on 8 March 2012, by proposing to issue not more than 1.45 billion RMB denominated ordinary shares in the PRC to qualified legal persons, natural persons, or other legally qualified investors. On 12 October 2012, the Company received from the SASAC the approval for such plan. At the 2012 Second Extraordinary General Meeting, 2012 Second Class Meeting for Holders of A Shares and 2012 Second Class Meeting for Holders of H Shares held on 12 October 2012, the shareholders also approved such plan and related matters. The non-public issue will become effective upon the grant of approval by the CSRC. |
||
For details of the non-public issue, please refer to the announcements of the Company dated 5 April 2012, 5 May 2012, 24 August 2012 and 12 October 2012. |
||
(III) |
Implementation of undertakings by the Company, its shareholders and de facto controller |
|
Applicable |
Not Applicable |
||
1. |
Aluminum Corporation of China ("Chinlaco") would arrange to dispose of its aluminum fabrication business, or the Company would acquire the aluminum fabrication business from Chinalco, and acquire the pseudo-boehmite business from Chinalco within a certain period of time following the listing of the Company's A shares. In 2008, the Company successfully bid for five aluminum fabrication enterprises under the control of Chinalco in an open tender process through the equity exchange. Since the market conditions for the pseudo-boehmite business are immature, Chinalco is not well-prepared to inject its pseudo-boehmite business to the Company for the time being. When conditions become mature, Chinalco will continue to duly fulfill the undertakings within the time limit. |
||
2. |
On 22 August 2011, the Company issued a letter of undertaking to resolve the horizontal competition with Jiaozuo Wanfang Aluminum Company Limited ("Jiaozuo Wanfang") in the aluminum business, pursuant to which it undertook to use its best endeavors to eliminate the competition in aluminum business with Jiaozuo Wanfang by proper means within five years. |
||
(IV) |
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 from the corresponding period of last year and the reason thereof |
|
Applicable |
Not Applicable |
||
Since the beginning of the year, the Company strengthened its efforts in restructuring and conducted strategic transformation in a prudent manner. It also continued to optimize the capital structure so as to improve its profitability. The Company, based on operation transformation, improved the management and commenced the activities of costs reduction and efficiency enhancement. Great efforts were made in reducing capital appropriation and carrying out lean cash flow management. The Company managed to ensure stable production with technical index improved continuously. The Company also strengthened its efforts in mine construction and corresponding management, increased the supply capacity of self-mined bauxite as well as the proportion of coal from direct procurement. Endeavour was also made in marketing and increasing market share. In the third quarter, the costs of alumina and aluminum were in decline, and the results of the Company had improved as compared with the first half of this year. |
||
In the fourth quarter, the Company will put more efforts in the abovementioned tasks and improve the competitiveness of the Company' products in the market. The conflicts between demand and supply of the major products of the Company will, nevertheless, intensify and the market in the fourth quarter will not see a substantial change. Besides, influenced by the change in Indonesia's export policy on bauxite supply, the Company lowered its production capacity by 1.7 million tonnes since the end of May. The Company is thus expected to record loss in accumulated net profit for the period from the beginning of the year to the end of the next reporting period. |
||
Relevant details will be disclosed in the annual results report of the Company for 2012. |
||
(V) |
Implementation of cash dividend policy during the reporting period |
|
The terms for the distribution of cash dividend were prescribed in the Articles of Association of the Company: the Company should implement proactive methods of profit distribution and give priority to cash dividends. | ||
Pursuant to the requirement of the "Notice Regarding Further Implementation of Cash Dividends Distribution of Listed Companies" () issued by the CSRC, the Company amended relevant policies in the Articles of Association of the Company regarding profit distribution and cash dividends and formulated "Shareholders' Return Plan for the Three Years from 2012 to 2014 of Aluminum Corporation of China Limited*" ( ). The abovementioned two resolutions have already been approved at the 2012 Second Extraordinary General Meeting of the Company held on 12 October 2012. | ||
Please refer to the announcements of the Company dated 5 July 2012 and 12 October 2012 for further details. | ||
Aluminum Corporation of China Limited* |
|||
Legal representative: Xiong Weiping |
|||
30 October 2012 |
|||
4. |
APPENDICES |
4.1 |
Consolidated Balance Sheet |
|
As at 30 September 2012 |
||
Prepared by: Aluminum Corporation of China Limited* |
||
Unit: Thousand RMB, Unaudited |
||
Items |
Closing balance |
Opening balance |
||
Current assets: |
||||
Cash and cash equivalents |
11,372,028 |
11,644,741 |
||
Settlement reserve |
||||
Placements with banks and |
||||
other financial institutions |
||||
Held-for-trading financial assets |
62,015 |
5,807 |
||
Bills receivable |
3,768,710 |
4,136,568 |
||
Accounts receivable |
3,223,395 |
1,495,197 |
||
Prepayments |
7,402,982 |
4,034,410 |
||
Premiums receivable |
||||
Receivables from reinsurers |
||||
Deposits receivable from |
||||
reinsurance agreements |
||||
Interest receivable |
23,046 |
0 |
||
Dividends receivable |
66,471 |
0 |
||
Other receivables |
2,004,078 |
1,192,335 |
||
Purchases of resold financial assets |
||||
Inventories |
26,347,314 |
24,124,379 |
||
Non-current assets due within one year |
28,000 |
29,200 |
||
Other current assets |
3,941,501 |
3,307,071 |
||
|
|
|||
Total current assets |
58,239,540 |
49,969,708 |
||
|
|
|||
Non-current assets: |
||||
Entrusted loans and advances granted |
||||
Financial assets available for sale |
||||
Held-to-maturity investments |
||||
Long-term receivables |
||||
Long-term equity investments |
14,017,434 |
3,994,693 |
||
Investment properties |
||||
Fixed assets |
79,893,280 |
77,579,384 |
||
Construction in progress |
14,764,382 |
16,047,880 |
||
Construction materials |
168,251 |
148,109 |
||
Disposals of fixed assets |
||||
Biological assets for production |
||||
Oil and gas assets |
||||
Intangible assets |
4,610,248 |
4,344,347 |
||
Development expenses |
||||
Goodwill |
2,362,735 |
2,362,735 |
||
Long-term deferred expenditures |
530,740 |
330,081 |
||
Deferred income tax assets |
2,639,965 |
1,517,339 |
||
Other non-current assets |
3,062,868 |
839,881 |
||
Total non-current assets |
122,049,903 |
107,164,449 |
||
|
|
|||
Total assets |
180,289,443 |
157,134,157 |
||
|
|
|||
Current liabilities: |
||||
Short-term borrowings |
46,617,880 |
32,322,794 |
||
Borrowings from central bank |
||||
Deposit taking and deposit |
||||
in inter-bank market |
||||
Placements from banks and |
||||
other financial institutions |
||||
Held-for-trading financial liabilities |
7,833 |
2,280 |
||
Bills payable |
2,381,820 |
1,889,875 |
||
Accounts payable |
5,761,476 |
6,511,435 |
||
Payments received in advance |
1,826,067 |
1,138,393 |
||
Disposal of repurchased financial assets |
||||
Handling charges and commissions payable |
||||
Staff remuneration payable |
422,930 |
466,750 |
||
Taxes payable |
399,732 |
371,949 |
||
Interest payable |
531,745 |
363,995 |
||
Dividends payable |
105,114 |
89,717 |
||
Other payables |
4,437,508 |
4,756,993 |
||
Reinsurance accounts payable |
||||
Deposits for insurance contracts |
||||
Agent brokerage fee |
||||
Agent underwriting fee |
||||
Non-current liabilities due within one year |
4,984,646 |
4,193,854 |
||
Other current liabilities |
14,235,624 |
10,252,363 |
||
|
|
|||
Total current liabilities |
81,712,375 |
62,360,398 |
||
|
|
|||
Non-current liabilities: |
||||
Long-term borrowings |
21,495,110 |
19,265,979 |
||
Debentures payable |
18,710,435 |
16,702,547 |
||
Long-term payables |
7,968 |
8,330 |
||
Special payables |
44,632 |
148,532 |
||
Projected liabilities |
||||
Deferred income tax liabilities |
0 |
4,456 |
||
Other non-current liabilities |
610,942 |
489,229 |
||
Total non-current liabilities |
40,869,087 |
36,619,073 |
||
|
|
|||
Total liabilities |
122,581,462 |
98,979,471 |
||
|
|
|||
Owner's equity (or shareholder's equity): |
||||
Paid-up capital (or share capital) |
13,524,488 |
13,524,488 |
||
Capital reserve |
13,898,847 |
13,792,505 |
||
Less: Treasury stock |
||||
Special reserve |
127,281 |
90,780 |
||
Surplus reserve |
5,867,557 |
5,867,557 |
||
General risk provision |
||||
Retained profit |
14,279,245 |
18,614,158 |
||
Foreign currency translation differences |
-66,256 |
-36,134 |
||
Total owner's equity attributable to |
||||
the parent company |
47,631,162 |
51,853,354 |
||
Minority interests |
10,076,819 |
6,301,332 |
||
Total owner's equity |
57,707,981 |
58,154,686 |
||
|
|
|||
Total liabilities and owner's equity |
180,289,443 |
157,134,157 |
||
|
|
|||
Legal Representative |
Person-in-charge |
Head of Accounting |
||
of the Company: |
of Accounting: |
Department: |
||
Xiong Weiping |
Liu Caiming |
Lu Dongliang |
||
Balance Sheet of the Parent Company |
||
As at 30 September 2012 |
||
Prepared by: Aluminum Corporation of China Limited* |
||
Unit: Thousand RMB, Unaudited |
||
Items |
Closing balance |
Opening balance |
||
Current assets: |
||||
Cash and cash equivalents |
6,602,729 |
4,081,999 |
||
Held-for-trading financial assets |
45,357 |
2,461 |
||
Bills receivable |
1,111,669 |
2,232,624 |
||
Accounts receivable |
1,995,109 |
1,495,393 |
||
Prepayments |
1,288,512 |
1,123,346 |
||
Interest receivable |
26,428 |
0 |
||
Dividends receivable |
217,287 |
127,374 |
||
Other receivables |
2,685,012 |
2,744,111 |
||
Inventories |
13,737,448 |
13,265,158 |
||
Non-current assets due within one year |
28,000 |
28,000 |
||
Other current assets |
5,144,570 |
1,050,000 |
||
|
|
|||
Total current assets |
32,882,121 |
26,150,466 |
||
|
|
|||
Non-current assets: |
||||
Financial assets available for sale |
||||
Held-to-maturity investments |
||||
Long-term receivables |
||||
Long-term equity investments |
20,361,356 |
18,061,063 |
||
Investment properties |
||||
Fixed assets |
51,273,614 |
48,858,231 |
||
Construction in progress |
7,683,037 |
11,041,779 |
||
Construction materials |
69,530 |
80,759 |
||
Disposal of fixed assets |
||||
Biological assets for production |
||||
Oil and gas assets |
||||
Intangible assets |
2,289,516 |
2,066,653 |
||
Development expenses |
||||
Goodwill |
2,330,945 |
2,330,945 |
||
Long-term deferred expenditures |
324,809 |
197,528 |
||
Deferred income tax assets |
2,115,199 |
1,121,711 |
||
Other non-current assets |
622,431 |
450,430 |
||
Total non-current assets |
87,070,437 |
84,209,099 |
||
|
|
|||
Total assets |
119,952,558 |
110,359,565 |
||
|
|
|||
Current liabilities: |
||||
Short-term borrowings |
20,320,000 |
14,960,000 |
||
Held-for-trading financial liabilities |
||||
Bills payable |
||||
Accounts payable |
2,631,726 |
2,815,546 |
||
Payments received in advance |
344,614 |
253,605 |
||
Staff remuneration payables |
255,411 |
302,977 |
||
Taxes payable |
208,932 |
179,563 |
||
Interests payable |
371,817 |
288,625 |
||
Dividends payable |
||||
Other payables |
2,468,032 |
2,945,913 |
||
Non-current liabilities due within one year |
2,427,980 |
842,755 |
||
Other current liabilities |
14,233,838 |
10,250,577 |
||
|
|
|||
Total current liabilities |
43,262,350 |
32,839,561 |
||
|
|
|||
Non-current liabilities: |
||||
Long-term borrowings |
10,534,277 |
10,051,501 |
||
Debentures payable |
17,913,490 |
15,906,853 |
||
Long-term payables |
0 |
8,330 |
||
Special payables |
35,630 |
139,530 |
||
Projected liabilities |
||||
Deferred income tax liabilities |
||||
Other non-current liabilities |
481,065 |
358,179 |
||
Total non-current liabilities |
28,964,462 |
26,464,393 |
||
|
|
|||
Total liabilities |
72,226,812 |
59,303,954 |
||
|
|
|||
Owner's equity (or shareholder's equity): |
||||
Paid-up capital (or share capital) |
13,524,488 |
13,524,488 |
||
Capital reserve |
14,399,614 |
14,294,274 |
||
Less: Treasury stock |
||||
Special reserve |
63,691 |
42,586 |
||
Surplus reserve |
5,867,557 |
5,867,557 |
||
General risk provision |
||||
Retained profit |
13,870,396 |
17,326,706 |
||
|
|
|||
Total owner's equity |
||||
(or shareholder's equity) |
47,725,746 |
51,055,611 |
||
|
|
|||
Total liabilities and owners' equity |
||||
(or shareholder's equity) |
119,952,558 |
110,359,565 |
||
|
|
|||
Legal Representative |
Person-in-charge |
Head of Accounting |
||
of the Company: |
of Accounting: |
Department: |
||
Xiong Weiping |
Liu Caiming |
Lu Dongliang |
||
4.2 |
Consolidated income statement |
|
Prepared by: Aluminum Corporation of China Limited* |
||
Unit: Thousand RMB, Unaudited |
||
From the beginning |
|||||||
of the previous year |
|||||||
Amount for the |
From the beginning |
to the end of the |
|||||
period of the |
of the year to the |
reporting period |
|||||
Amount for the |
previous year |
end of the reporting |
of the previous |
||||
period (July to |
(July to |
period (January to |
year (January to |
||||
Items |
September) |
September) |
September) |
September) |
|||
1. |
Total operating revenue |
37,134,780 |
41,644,993 |
108,832,561 |
107,614,742 |
Including: |
Operating revenue |
37,134,780 |
41,644,993 |
108,832,561 |
107,614,742 |
|||
Interest income |
||||||||
Premiums earned |
||||||||
Handling charges and |
||||||||
commission income |
||||||||
2. |
Total cost of operations |
38,772,273 |
41,203,774 |
114,865,998 |
106,805,555 |
Including: |
Operating cost |
36,297,574 |
39,095,618 |
107,277,504 |
100,808,145 |
|||
Interest expenses |
||||||||
Handling charges and |
||||||||
commission |
||||||||
expenses |
||||||||
Returned premium |
||||||||
Net expenditure for |
||||||||
compensation |
||||||||
payments |
||||||||
Net provision for |
||||||||
insurance deposits |
||||||||
Policyholder dividend |
||||||||
expenses |
||||||||
Reinsurance costs |
||||||||
Business tax and |
||||||||
surcharges |
73,395 |
93,990 |
192,452 |
259,355 |
||||
Selling expenses |
525,409 |
405,353 |
1,482,294 |
1,166,860 |
||||
Administrative |
||||||||
expenses |
681,290 |
692,166 |
1,921,457 |
1,860,285 |
||||
Finance expenses |
1,195,385 |
821,934 |
3,496,506 |
2,342,399 |
||||
Loss on assets |
||||||||
impairment |
-780 |
94,713 |
495,785 |
368,511 |
||||
Add: |
Gains on fair value |
|||||||
changes |
||||||||
(loss stated with "-") |
261,336 |
103,503 |
55,968 |
126,560 |
||||
Investment income |
||||||||
(loss stated with "-") |
-43,170 |
424,419 |
112,420 |
823,269 |
||||
Including: |
Investment income |
|||||||
from associated |
||||||||
companies and joint |
||||||||
ventures |
32,600 |
116,649 |
188,510 |
447,540 |
||||
Foreign currency |
||||||||
exchange gains |
||||||||
(loss stated with "-") |
||||||||
3. |
Operating profit |
||||||
(loss stated with "-") |
-1,419,327 |
969,141 |
-5,865,049 |
1,759,016 |
Add: |
Non-operating income |
89,526 |
24,719 |
377,625 |
75,150 |
|||
Less: |
Non-operating |
|||||||
expenses |
18,336 |
13,221 |
42,064 |
22,517 |
||||
Including: |
Loss from disposal of |
|||||||
non-current assets |
7,827 |
1,523 |
12,860 |
3,192 |
||||
4. |
Total profit |
||||||
(total loss stated with "-") |
-1,348,137 |
980,639 |
-5,529,488 |
1,811,649 |
Less: |
Income tax expenses |
-255,056 |
221,340 |
-1,011,639 |
360,520 |
|||
5. |
Net profit |
||||||
(net loss stated with "-") |
-1,093,081 |
759,299 |
-4,517,849 |
1,451,129 |
|||
Net profit attributable to owners |
|||||||
of the parent company |
-1,082,216 |
554,987 |
-4,335,471 |
967,567 |
|||
Minority interests |
-10,865 |
204,312 |
-182,378 |
483,562 |
|||
6. |
Earnings per share: |
(i) |
Basic earnings per share |
-0.08 |
0.04 |
-0.32 |
0.07 |
|||
(ii) |
Diluted earnings per share |
-0.08 |
0.04 |
-0.32 |
0.07 |
|||
7. |
Other comprehensive income |
-23,815 |
12,191 |
-30,121 |
-3,483 |
||
8. |
Total comprehensive income |
-1,116,896 |
781,859 |
-4,547,970 |
1,458,016 |
||
Total comprehensive income |
|||||||
attributable to owners of |
|||||||
the parent company |
-1,106,031 |
593,222 |
-4,365,592 |
990,128 |
|||
Total comprehensive income |
|||||||
attributable to minority |
|||||||
shareholders |
-10,865 |
188,637 |
-182,378 |
467,888 |
|||
Legal Representative |
Person-in-charge |
Head of Accounting |
||
of the Company: |
of Accounting: |
Department: |
||
Xiong Weiping |
Liu Caiming |
Lu Dongliang |
||
Income Statement of the Parent Company |
||
Prepared by: Aluminum Corporation of China Limited* |
||
Unit: Thousand RMB, Unaudited |
||
From the beginning |
|||||||
of the previous year |
|||||||
Amount for the |
From the beginning |
to the end of the |
|||||
period of the |
of the year to the |
reporting period |
|||||
Amount for the |
previous year |
end of the reporting |
of the previous |
||||
period (July to |
(July to |
period (January to |
year (January to |
||||
Items |
September) |
September) |
September) |
September) |
|||
1. |
Operating revenue |
11,713,604 |
12,679,416 |
36,082,953 |
35,512,388 |
Less: |
Operating costs |
11,703,287 |
11,358,926 |
36,267,775 |
31,961,116 |
|||
Business tax and |
||||||||
surcharges |
38,459 |
53,255 |
113,300 |
156,589 |
||||
Selling expenses |
279,244 |
253,972 |
826,351 |
691,564 |
||||
Administrative |
||||||||
expenses |
398,046 |
419,970 |
1,112,205 |
1,132,358 |
||||
Finance expenses |
680,241 |
457,678 |
2,032,078 |
1,311,228 |
||||
Loss on assets |
||||||||
impairment |
-52 |
-375 |
359,303 |
246,580 |
||||
Add: |
Gains on fair value |
|||||||
changes |
||||||||
(loss stated with "-") |
160,318 |
64,119 |
42,896 |
69,174 |
||||
Investment income |
||||||||
(loss stated with "-") |
-61,923 |
169,589 |
-21,435 |
357,527 |
||||
Including: |
Investment income |
|||||||
from associated |
||||||||
companies and |
||||||||
joint ventures |
-22,662 |
40,934 |
-1,194 |
197,171 |
||||
2. |
Operating profit |
||||||
(loss stated with "-") |
-1,287,226 |
369,698 |
-4,606,598 |
439,654 |
Add: |
Non-operating income |
40,880 |
18,154 |
189,573 |
35,633 |
|||
Less: |
Non-operating |
|||||||
expenses |
13,271 |
9,140 |
32,775 |
16,463 |
||||
Including: |
Loss from disposal |
|||||||
of non-current assets |
5,338 |
1,378 |
10,100 |
2,903 |
||||
3. |
Total profit |
||||||
(total loss stated with "-") |
-1,259,617 |
378,712 |
-4,449,800 |
458,824 |
Less: |
Income tax expenses |
-289,820 |
77,246 |
-993,487 |
45,595 |
|||
4. |
Net profit |
||||||
(net loss stated with "-") |
-969,797 |
301,466 |
-3,456,313 |
413,229 |
|||
5. |
Earnings per share: |
(i) |
Basic earnings per share |
|||||||
(ii) |
Diluted earnings per share |
|||||||
6. |
Other comprehensive income |
||||||
7. |
Total comprehensive income |
-969,797 |
301,466 |
-3,456,313 |
413,229 |
||
Legal Representative |
Person-in-charge |
Head of Accounting |
||
of the Company: |
of Accounting: |
Department: |
||
Xiong Weiping |
Liu Caiming |
Lu Dongliang |
||
4.3 |
Consolidated Cash Flow Statement |
|
January to September 2012 |
||
Prepared by: Aluminum Corporation of China Limited* |
||
Unit: Thousand RMB, Unaudited |
||
From the beginning of |
|||||
the previous year |
|||||
From the beginning of |
to the end |
||||
the year to the end of |
of the reporting period |
||||
the reporting period |
of the previous year |
||||
Items |
(January to September) |
(January to September) |
|||
1. |
Cash flow from operating activities: |
||||
Cash received from product sales and |
|||||
rendering of services |
134,859,613 |
129,321,813 |
|||
Net increase in deposits from customers and |
|||||
placements from banks and |
|||||
other financial institutions |
|||||
Net increase in borrowings from central bank |
|||||
Net increase in placements from |
|||||
other financial institutions |
|||||
Cash received from premiums of |
|||||
original insurance contracts |
|||||
Net cash received from reinsurance business |
|||||
Net increase in deposits from |
|||||
policyholders and investments |
|||||
Net increase in disposal of |
|||||
held-for-trading financial assets |
|||||
Cash received from interest, |
|||||
handling charges and commissions |
|||||
Net increase in capital due to |
|||||
banks and other financial institutions |
|||||
Net increase in repurchases |
|||||
Refund of tax and levies received |
26,391 |
308,603 |
|||
Other cash received relating to |
|||||
operating activities |
1,625,446 |
179,125 |
|||
|
|
||||
Sub-total of cash inflow from |
|||||
operating activities |
136,511,450 |
129,809,541 |
|||
Cash paid for purchase of goods and |
|||||
receipt of services |
127,172,878 |
115,999,906 |
|||
Net increase in loans and advances to customers |
|||||
Net increase in placements with |
|||||
central bank and other financial institutions |
|||||
Cash paid for claims on |
|||||
original insurance contracts |
|||||
Cash payment for interest, |
|||||
handling charges and commissions |
|||||
Cash payment for policyholder dividend |
|||||
Cash paid to and on behalf of employees |
4,996,670 |
4,593,760 |
|||
Taxes and surcharges paid |
2,600,279 |
3,059,520 |
|||
Other cash paid relating to operating activities |
2,537,053 |
2,515,762 |
|||
Sub-total of cash outflow from |
|||||
operating activities |
137,306,880 |
126,168,948 |
|||
|
|
||||
Net cash flow from operating activities |
-795,430 |
3,640,593 |
|||
|
|
||||
2. |
Cash flows from investment activities: |
||||
Cash received from disposal of investments |
|||||
Cash received from returns on investments |
119,240 |
125,499 |
|||
Net cash received from disposal of fixed assets, |
|||||
intangible assets and other long-term assets |
72,921 |
63,019 |
|||
Net cash received from disposal of subsidiaries |
|||||
and other operating entities |
|||||
Other cash received relating to |
|||||
investment activities |
87,523 |
484,549 |
|||
Sub-total of cash inflow from |
|||||
investment activities |
279,684 |
673,067 |
|||
Cash paid to acquire fixed assets, |
|||||
intangible assets and other long-term assets |
6,416,197 |
6,931,045 |
|||
Cash paid for investment |
12,971,790 |
1,149,562 |
|||
Net increase in pledged loans |
|||||
Net cash paid for acquisition of |
|||||
subsidiaries and other operating entities |
|||||
Other cash paid relating to investment activities |
786,886 |
148,192 |
|||
Sub-total of cash outflow from |
|||||
investment activities |
20,174,873 |
8,228,799 |
|||
|
|
||||
Net cash flows from investment activities |
-19,895,189 |
-7,555,732 |
|||
|
|
||||
3. |
Cash flow from financing activities: |
||||
Proceeds received from investments |
5,300 |
0 |
Including: |
Proceeds received by |
|||||
subsidiaries from minority |
||||||
shareholders' investment |
Cash received from borrowings |
70,223,411 |
39,930,128 |
|||
Cash received from issue of debentures |
11,000,000 |
15,747,500 |
|||
Other cash received relating to |
|||||
financing activities |
|||||
Sub-total of cash inflow from |
|||||
financing activities |
81,228,711 |
55,677,628 |
|||
Cash paid for repayment |
56,135,849 |
47,503,128 |
|||
Cash paid for dividend and |
|||||
profit distribution or interest repayment |
3,938,323 |
3,301,755 |
Including: |
Dividend and profit paid by |
|||||
subsidiaries to |
||||||
minority shareholders |
0 |
46,160 |
Other cash paid relating to financing activities |
3,777,878 |
0 |
|||
Sub-total of cash outflow from |
|||||
financing activities |
63,852,050 |
50,804,883 |
|||
|
|
||||
Net cash flows from financing activities |
17,376,661 |
4,872,745 |
|||
|
|
||||
4. |
Effect on cash and cash equivalents due to |
||||
change in foreign currency exchange rate |
-54,921 |
0 |
|||
5. |
Net increase in cash and cash equivalents |
-3,368,879 |
957,606 |
Add: |
Balance of cash and |
|||||
cash equivalents at the beginning |
||||||
of the period |
10,591,306 |
8,982,710 |
6. |
Balance of cash and cash equivalents |
||||
at the end of the period |
7,222,427 |
9,940,316 |
|||
Legal Representative |
Person-in-charge |
Head of Accounting |
||
of the Company: |
of Accounting: |
Department: |
||
Xiong Weiping |
Liu Caiming |
Lu Dongliang |
||
Cash Flow Statement of the Parent Company |
||
January to September 2012 |
||
Prepared by: Aluminum Corporation of China Limited* |
||
Unit: Thousand RMB, Unaudited |
||
From the beginning of |
|||||
the previous year |
|||||
From the beginning of |
to the end |
||||
the year to the end of |
of the reporting period |
||||
the reporting period |
of the previous year |
||||
Items |
(January to September) |
(January to September) |
|||
1. |
Cash flow from operating activities: |
||||
Cash received from product sales and |
|||||
rendering of services |
43,848,285 |
40,548,465 |
|||
Refund of tax and levies received |
26,293 |
0 |
|||
Other cash received relating to |
|||||
operating activities |
525,331 |
73,411 |
|||
Sub-total of cash inflow from |
|||||
operating activities |
44,399,909 |
40,621,876 |
|||
Cash paid for purchase of goods and |
|||||
receipt of services |
37,416,824 |
33,867,650 |
|||
Cash paid to and on behalf of employees |
3,527,233 |
3,304,250 |
|||
Taxes and surcharges paid |
1,639,144 |
1,873,044 |
|||
Other cash paid relating to operating activities |
1,687,107 |
1,502,070 |
|||
Sub-total of cash outflow from |
|||||
operating activities |
44,270,308 |
40,547,014 |
|||
|
|
||||
Net cash flow from operating activities |
129,601 |
74,862 |
|||
|
|
||||
2. |
Cash flows from investment activities: |
||||
Cash received from disposal of investments |
0 |
228,000 |
|||
Cash received from returns on investments |
47,535 |
231,948 |
|||
Net cash received from disposal of fixed assets, |
|||||
intangible assets and other long-term assets |
67,074 |
36,592 |
|||
Net cash received from disposal of subsidiaries |
|||||
and other operating entities |
|||||
Other cash received relating to |
|||||
investment activities |
172,809 |
1,500,136 |
|||
|
|
||||
Sub-total of cash inflow from |
|||||
investment activities |
287,418 |
1,996,676 |
|||
Cash paid to acquire fixed assets, |
|||||
intangible assets and other long-term assets |
2,631,184 |
4,891,691 |
|||
Cash paid for investment |
5,924,501 |
3,943,666 |
|||
Net cash paid for acquisition of subsidiaries |
|||||
and other operating entities |
0 |
50,000 |
|||
Other cash paid relating to investment activities |
361,242 |
46,264 |
|||
Sub-total of cash outflow from |
|||||
investment activities |
8,916,927 |
8,931,621 |
|||
|
|
||||
Net cash flows from investment activities |
-8,629,509 |
-6,934,945 |
|||
|
|
||||
3. |
Cash flows from financing activities: |
||||
Proceeds received from investments |
|||||
Cash received from borrowings |
28,598,000 |
22,795,000 |
|||
Cash received from bond issue |
11,000,000 |
14,947,500 |
|||
Other cash received relating to |
|||||
financing activities |
|||||
Sub-total of cash inflow from |
|||||
financing activities |
39,598,000 |
37,742,500 |
|||
Cash paid for repayment |
26,149,000 |
30,708,575 |
|||
Cash paid for dividend and |
|||||
profit distribution or interest repayment |
2,448,507 |
1,938,281 |
|||
Other cash paid relating to financing activities |
3,493,951 |
0 |
|||
Sub-total of cash outflow from |
|||||
financing activities |
32,091,458 |
32,646,856 |
|||
|
|
||||
Net cash flows from financing activities |
7,506,542 |
5,095,644 |
|||
|
|
||||
4. |
Effect on cash and cash equivalents |
||||
due to change in foreign |
|||||
currency exchange rate |
-3,456 |
453 |
|||
5. |
Net increase in cash and cash equivalents |
-996,822 |
-1,763,986 |
Add: |
Balance of cash and |
|||||
cash equivalents at the beginning |
||||||
of the period |
4,006,936 |
5,343,707 |
6. |
Balance of cash and cash equivalents |
||||
at the end of the period |
3,010,114 |
3,579,721 |
|||
Legal Representative |
Person-in-charge |
Head of Accounting |
||
of the Company: |
of Accounting: |
Department: |
||
Xiong Weiping |
Liu Caiming |
Lu Dongliang |
||
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: Liu Qiang, Company Secretary |