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 2013
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 31, 2013 |
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) 2013 THIRD QUARTERLY REPORT |
This announcement is made by Aluminum Corporation of China Limited* (the "Company" or, 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 Rules 13.09 and 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 Board meeting and reviewed the quarterly report. |
|
* For identification purpose only |
1.3 |
Name of Person-in-charge of the Company |
Xiong Weiping |
|
Name of Person-in-charge of Accounting |
Xie Weizhi |
||
Name of Person-in-charge for the Accounting |
Lu Dongliang |
||
Department (head of the Accounting Depertment) |
|||
Xiong Weiping, Person-in-charge of the Company, Xie Weizhi, Person-in-charge of Accounting, and Lu Dongliang, Head of the Accounting Department warrant the truthfulness, accuracy and completeness of the financial statements in this quarterly report. |
||
1.4 |
The financial statements in the third quarterly report of the Company have not been audited. |
|
2. |
PRINCIPAL FINANCIAL INFORMATION OF THE COMPANY AND THE CHANGES OF SHAREHOLDERS |
2.1 |
Principal financial information |
|
Unit:'000 Currency: RMB |
||
Change from |
|||||
The end of the |
The end of the |
the end of |
|||
reporting period |
previous year |
the previous year |
|||
(%) |
|||||
Total assets |
206,309,346 |
175,016,882 |
17.88 |
||
Net assets per share attributable to |
|||||
shareholders of the Company |
41,751,213 |
43,835,118 |
-4.75 |
||
From the beginning |
|||||
of the year |
From the beginning |
||||
to the end of |
of the previous year |
||||
the reporting |
to the end of the |
||||
period |
reporting period of the |
Change from |
|||
(January to |
previous year |
the same period |
|||
September) |
(January - September) |
last year |
|||
(%) |
|||||
Net cash flow from operating activities |
2,352,819 |
-795,430 |
N/A |
||
From the beginning |
|||||
From the beginning |
of the previous year to |
||||
of the year to |
the end of the |
||||
the end of the |
reporting period |
Change from |
|||
reporting period |
of the previous year |
the same period |
|||
(January - September) |
(January - September) |
last year |
|||
(%) |
|||||
Operating income |
122,062,786 |
108,832,561 |
12.16 |
||
Net profit attributable to shareholders |
|||||
of the Company |
-1,845,646 |
-4,335,471 |
N/A |
||
Net profit after extraordinary gains |
|||||
and losses attributable to shareholders |
|||||
of the Company |
-4,893,076 |
-4,526,126 |
N/A |
||
Return on net assets (weighted average) (%) |
-4.31 |
-8.72 |
N/A |
||
Basic profit per share (RMB per share) |
-0.14 |
-0.32 |
N/A |
||
Diluted earnings per share (RMB per are) |
-0.14 |
-0.32 |
N/A |
||
Deducting the gains and losses arising from extraordinary items and amount: |
||
Unit: Thousand Currency: RMB |
||
Amount from the |
||||
beginning of the year |
||||
Amount for the |
to the end of the |
|||
current period |
reporting period |
|||
Items |
(July - September) |
(January - September) |
||
Gains and losses from disposal of non-current assets |
17,395 |
235,473 |
||
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) |
157,299 |
703,068 |
||
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 |
61,595 |
94,282 |
||
Written back of the provision for impairment of |
||||
accounts receivable that is individually tested |
||||
for impairment |
19,320 |
44,915 |
||
Gains or losses from external entrusted loans |
15,519 |
40,814 |
||
Other non-operating income and expenses other |
||||
than above items |
49,048 |
61,988 |
||
Profits from the initial investments in an associate |
0 |
638,907 |
||
Income from disposal of long-term equity investment |
0 |
508,910 |
||
Loss from disposal of associates |
0 |
-1,491 |
||
Income from disposal of the rest of equity of |
||||
long-term equity investment re-calculated at fair value |
0 |
804,766 |
||
Investment income from the associates in the previous |
||||
years re-calculated at fair value as at acquisition date |
0 |
41,584 |
||
Investment income from wealth management products |
1,767 |
47,150 |
||
Income tax effect |
-23,235 |
-57,866 |
||
Minority interests effect (after tax) |
-9,005 |
-115,070 |
||
|
|
|||
Total |
289,703 |
3,047,430 |
||
|
|
|||
2.2 |
Total number of shareholders, the top ten 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 |
508,987 |
||
Shareholding status of top ten shareholders |
||
Number of |
|||||||
shares held |
|||||||
Total |
subject to |
Number of |
|||||
Shareholding |
number |
trading |
shares pledged |
||||
Name of shareholders |
Nature of shareholders |
percentage |
of shares |
moratorium |
or frozen |
||
(%) |
|||||||
Aluminum Corporation of China |
State-owned |
38.56 |
5,214,407,195 |
0 |
None |
||
HKSCC Nominees Limited |
Foreign legal person |
29.02 |
3,924,171,434 |
0 |
Unknown |
||
China Cinda Asset |
State-owned legal person |
5.92 |
800,759,074 |
0 |
None |
||
Management Co., Ltd. |
|||||||
() |
|||||||
China Construction Bank Corporation |
State-owned legal person |
4.40 |
595,483,605 |
0 |
None |
||
China Development Bank |
State-owned legal person |
3.07 |
415,168,145 |
0 |
None |
||
Capital Corporation Ltd. |
|||||||
() |
|||||||
Baotou Aluminum (Group) Co., Ltd. |
State-owned legal person |
2.37 |
321,138,295 |
0 |
None |
||
Lanzhou Aluminum Factory |
State-owned legal person |
0.59 |
79,472,482 |
0 |
None |
||
Guizhou Provincial Materials |
State-owned legal person |
0.34 |
45,800,000 |
0 |
29,000,000 |
||
Development and Investment |
pledged |
||||||
Corporation |
|||||||
() |
|||||||
Guangxi Investment Group Co., Ltd. |
State-owned |
0.29 |
39,259,793 |
0 |
None |
||
() |
|||||||
Agricultural Bank of China |
Domestic non-state owned |
0.15 |
20,000,000 |
0 |
None |
||
- Baoying Strategic Growth Stock |
legal person |
||||||
Securities Investment Fund |
|||||||
( |
|||||||
) |
|||||||
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 and number of shares |
|||
Aluminum Corporation of China |
5,214,407,195 |
RMB denominated |
5,214,407,195 |
||
ordinary shares |
|||||
HKSCC Nominees Limited |
3,924,171,434 |
Overseas listed |
3,924,171,434 |
||
foreign shares |
|||||
China Cinda Assets Management Corporation |
800,759,074 |
RMB denominated |
800,759,074 |
||
ordinary shares |
|||||
China Construction Bank Corporation Limited |
595,483,605 |
RMB denominated |
595,483,605 |
||
ordinary shares |
|||||
Guokai Financial Limited Company |
415,168,145 |
RMB denominated |
415,168,145 |
||
ordinary shares |
|||||
Baotou Aluminum (Group) Co., Ltd. |
321,138,295 |
RMB denominated |
321,138,295 |
||
ordinary shares |
|||||
Lanzhou Aluminum Factory |
79,472,482 |
RMB denominated |
79,472,482 |
||
ordinary shares |
|||||
Guizhou Provincial Materials Development |
45,800,000 |
RMB denominated |
45,800,000 |
||
and Investment Corporation |
ordinary shares |
||||
Guangxi Investment Group Co., Ltd. |
39,259,793 |
RMB denominated |
39,259,793 |
||
ordinary shares |
|||||
Agricultural Bank of China Limited |
20,000,000 |
RMB denominated |
20,000,000 |
||
- Baoying Strategic Growth Stock Fund |
ordinary shares |
||||
( |
|||||
) |
|||||
Connected relationship or concert-party |
The number of shares of Aluminum Corporation of China does not |
||
relationship among the above shareholders |
contain the A shares of the Company held indirectly by Batou Aluminum (Group) Co., Ltd., Lanzhou Aluminum Factory, Guiyang Aluminum Magnesium Design and Research Institute Co., Ltd. and Shanxi Aluminum Plant. Aluminum Corporation of China and its subsidiaries altogether hold 5,626,277,999 shares of the Company and 41.60% of voting rights. |
||
3 |
SIGNIFICANT EVENTS |
3.1 |
Material changes in major accounting items and financial indicators and the reasons thereof |
|
Applicable |
Not Applicable |
||
1. |
Business tax and surcharges increased by 35%, mainly attributable to the incorporation of Ningxia Energy and the increase in the tax paid for the period. |
||
2. |
Loss of assets impairment decreased by 73%, mainly attributable to the decrease in the provision for inventory impairment following decrease of costs of major products of the Group. |
||
3. |
Income on fair value changes decreased by 105%, mainly attributable to the decrease of income on fair value changes arising from futures contracts held by the Group. |
||
4. |
Investment income increased by 1,555%, mainly attributable to the increase in gains from capital operation recognized by disposal of aluminum fabrication business and loss of control on Jiaozuo Wanfang. |
||
5. |
Non-operating income increased by 351%, mainly attributable to the increase in the government subsidies in relation to profit and loss received by the Group and negative goodwill incurred from the incorporation of Ningxia Energy. |
||
6. |
Non-operating expenses increased by 55%, mainly attributable to the incorporation of Ningxia Energy made by the Group. |
||
7. |
Income tax expenses increased by 104%, mainly attributable to the fact that most of the losses of the Group are unrecognized as deferred income tax assets. |
||
8. |
Notes receivables increased by 101%, mainly attributable to a proper increase in ways for settling notes in sales by the Group. |
||
9. |
Trade receivables increased by 374%, mainly attributable to the increase in accounts receivables from incorporation of Ningxia Energy and the enlarged trading volume. |
||
10. |
Prepayments increased by 116%, mainly attributable to the incorporation of Ningxia Energy and the increase in trading financing businesses. |
||
11. |
Dividends receivables decreased by 38%, mainly attributable to the recovery of cash dividends by the Group. |
||
12. |
Interests receivables increased by 14,497%, mainly attributable to the interests from the consideration of the assets transfer and the sales of equity interests to Chinalco by the Group. |
||
13. |
Other receivables increased by 208%, mainly attributable to the consideration receivable of the transfer of the aluminum fabrication production lines of Chinalco and alumina production line of Guizhou branch. |
||
14. |
Other current assets increased by 76%, mainly attributable to the purchase of short-term wealth management products from the bank to receive capital income. |
||
15. |
Construction materials increased by 157%, mainly attributable to the increase in construction materials from the incorporation of Ningxia Energy by the Group. |
||
16. |
Intangible assets increased by 146%, mainly attributable to the addition of coal exploration rights from the incorporation of Ningxia Energy by the Group. |
||
17. |
Other non-current assets increased by 309%, mainly attributable to the consideration receivable of the aluminum fabrication production lines of Chinalco and alumina production line of Guizhou branch. |
||
18. |
Financial liabilities held for trading decreased by 52%, mainly attributable to the changes in position of the futures at the end of the contract term. |
||
19. |
Notes payables increased by 93%, mainly attributable to a proper increase in ways used in settling notes during procurement to respond to a tightening money market. |
||
20. |
Trade payables increased by 74%, mainly attributable to the addition of trade payable from incorporation of Ningxia Energy and a proper extension of payment term during procurement. |
||
21. |
Advances from customers increased by 164%, mainly attributable to the enhancement of customer credit management by the Group. |
||
22. |
Staff remuneration payables increased by 55%, mainly attributable to the addition of staff remuneration from the incorporation of Ningxia Energy by the Group. |
||
23. |
Interests payables increased by 71%, mainly attributable to the increase in interest-bearing debt of the Group. |
||
24. |
Long-term loans increased by 63%, mainly attributable to the addition of long-term loans from the incorporation of Ningxia Energy by the Group. |
||
25. |
Bonds payables increased by 31%, mainly attributable to the incorporation of Ningxia Energy of the Group and the issue of long-term bonds. |
||
26. |
Long-term payables increased from nil at the beginning of the period, mainly attributable to the addition of coal resources payable from the incorporation of Ningxia Energy by the Group. |
||
27. |
Special payables increased by 138%, mainly attributable to the increase in special payables from the incorporation of Ningxia Energy by the Group. |
||
28. |
Deferred income tax debts increased from nil at the beginning of the period mainly attributable to the appreciation of the value in the recognized deferred income tax debts from the assets valuation of the acquisition of Ningxia Energy into the Group. |
||
29. |
Special reserve - safety production expenses increased by 152%, mainly attributable to the increase in special reserve from incorporation of Ningxia Energy of the Group and the increase in safety production expenses drawn by the Group. |
||
30. |
Currency translation differences decreased by 735%, mainly attributable to the changes in exchange rates of foreign currencies. |
||
31. |
Net cash flow from operating activities increased by 396% as compared with the same period last year, mainly attributable to the increase in profit margin of the Company's principal products and the enhancement of management to current assets and current liabilities through transformation of operations of cash flow. |
||
32. |
On production and operation, the production cost of alumina fell by 8.95% and that of electrolytic aluminum fell by 5.73% as compared with the same period last year during the period from January to September, mainly attributable to a strict control of cost and expenses in every aspect, and efforts in boosting its gross profit from its major businesses. |
||
3.2 |
Progress of significant events and effects thereof and analysis on solutions |
|
Applicable |
Not Applicable |
||
3.3 |
Implementation of undertakings by the Company and its shareholders with shareholding of 5% or more |
|
Applicable |
Not Applicable |
||
During the A share issue of the Company in 2007, Aluminum Corporation of China (hereafter referred to as "Chinalco") undertook that the Company would acquire the pseudo-boehmite business from Chinalco within a certain period of time following the listing of the Company's A shares. |
||
Since the market conditions for pseudo-boehmite are immature, Chinalco does not propose to inject its pseudo-boehmite business to the Company's portfolio. |
||
When conditions become mature, Chinalco will continue to duly complete the matters undertaken within the time limit. |
||
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 from the corresponding period last year and the reason thereof |
|
Applicable |
Not Applicable |
||
Aluminum Corporation of China Limited* |
|
Legal representative: Xiong Weiping |
|
31 October 2013 |
|
4 |
APPENDICES |
4.1 |
Consolidated Balance Sheet |
|
As at 30 September 2013 |
||
Prepared by: Aluminum Corporation of China Limited* |
||
Unit: Thousand RMB, Unaudited |
||
Items |
Closing balance |
Opening balance |
||
Current assets: |
||||
Cash and cash equivalents |
11,489,064 |
10,191,608 |
||
Settlement reserve |
||||
Placements with banks and |
||||
other financial institutions |
||||
Held-for-trading financial assets |
9,973 |
8,983 |
||
Bills receivable |
2,388,785 |
1,190,643 |
||
Accounts receivable |
6,760,251 |
1,425,219 |
||
Prepayments |
9,697,264 |
4,481,005 |
||
Premiums receivable |
||||
Receivables from reinsurers |
||||
Deposits receivable from |
||||
reinsurance agreements |
||||
Interest receivable |
182,124 |
1,248 |
||
Dividends receivable |
118,336 |
189,638 |
||
Other receivables |
7,800,268 |
2,530,189 |
||
Purchases of resold financial assets |
||||
Inventories |
22,460,745 |
25,596,476 |
||
Non-current assets due within one year |
28,000 |
28,000 |
||
Other current assets |
5,937,672 |
3,373,007 |
||
|
|
|||
Total current assets |
66,872,482 |
49,016,016 |
||
|
|
|||
Non-current assets: |
||||
Entrusted loans and advances granted |
||||
Financial assets available for sale |
||||
Held-to-maturity investments |
||||
Long-term receivables |
||||
Long-term equity investments |
18,170,562 |
19,213,415 |
||
Investment properties |
||||
Fixed assets |
83,115,884 |
81,675,584 |
||
Construction in progress |
16,660,880 |
14,382,407 |
||
Construction materials |
488,717 |
190,100 |
||
Disposals of fixed assets |
||||
Biological assets for production |
||||
Oil and gas assets |
||||
Intangible assets |
11,063,430 |
4,491,491 |
||
Development expenses |
||||
Goodwill |
2,359,226 |
2,362,735 |
||
Long-term deferred expenditures |
269,970 |
277,702 |
||
Deferred income tax assets |
2,029,914 |
2,116,986 |
||
Other non-current assets |
5,278,281 |
1,290,446 |
||
Total non-current assets |
139,436,864 |
126,000,866 |
||
|
|
|||
Total assets |
206,309,346 |
175,016,882 |
||
|
|
|||
Current liabilities: |
||||
Short-term borrowings |
45,378,214 |
40,313,218 |
||
Borrowings from central bank |
||||
Deposit taking and deposit in |
||||
inter-bank market |
||||
Placements from banks and |
||||
other financial institutions |
||||
Held-for-trading financial liabilities |
6,089 |
12,662 |
||
Bills payable |
4,198,183 |
2,175,710 |
||
Accounts payable |
8,495,096 |
4,883,484 |
||
Payments received in advance |
3,378,035 |
1,278,746 |
||
Disposal of repurchased financial assets |
||||
Handling charges and commissions payable |
||||
Staff remuneration payable |
620,739 |
400,807 |
||
Taxes payable |
414,578 |
452,763 |
||
Interest payable |
940,015 |
548,381 |
||
Dividends payable |
145,331 |
123,707 |
||
Other payables |
6,170,627 |
6,045,854 |
||
Reinsurance accounts payable |
||||
Deposits for insurance contracts |
||||
Agent brokerage fee |
||||
Agent underwriting fee |
||||
Non-current liabilities due within one year |
8,286,501 |
10,946,325 |
||
Other current liabilities |
17,292,022 |
16,671,754 |
||
|
|
|||
Total current liabilities |
95,325,430 |
83,853,411 |
||
|
|
|||
Non-current liabilities: |
||||
Long-term borrowings |
32,370,011 |
19,910,787 |
||
Debentures payable |
21,910,560 |
16,724,865 |
||
Long-term payables |
1,588,887 |
0 |
||
Special payables |
278,405 |
116,979 |
||
Projected liabilities |
19,759 |
0 |
||
Deferred income tax liabilities |
1,109,534 |
0 |
||
Other non-current liabilities |
521,969 |
639,690 |
||
Total non-current liabilities |
57,799,125 |
37,392,321 |
||
|
|
|||
Total liabilities |
153,124,555 |
121,245,732 |
||
|
|
|||
Owner's equity (or shareholder's equity): |
||||
Paid-up capital (or share capital) |
13,524,488 |
13,524,488 |
||
Capital reserve |
13,737,029 |
13,987,858 |
||
Less: Treasury stock |
||||
Special reserve |
232,591 |
92,193 |
||
Surplus reserve |
5,867,557 |
5,867,557 |
||
General risk provision |
||||
Retained profit |
8,534,758 |
10,380,404 |
||
Foreign currency translation differences |
-145,210 |
-17,382 |
||
Total owner's equity attributable to |
||||
the parent company |
41,751,213 |
43,835,118 |
||
Minority interests |
11,433,578 |
9,936,032 |
||
|
|
|||
Total owner's equity |
53,184,791 |
53,771,150 |
||
|
|
|||
Total liabilities and owner's equity |
206,309,346 |
175,016,882 |
||
|
|
|||
Legal Representative |
Person-in-charge |
Head of Accounting |
||
of the Company: |
of Accounting: |
Department: |
||
Xiong Weiping |
Xie Weizhi |
Lu Dongliang |
||
Balance Sheet of the Parent Company |
||
As at 30 September 2013 |
||
Prepared by: Aluminum Corporation of China Limited* |
||
Unit: Thousand RMB, Unaudited |
||
Items |
Closing balance |
Opening balance |
||
Current assets: |
||||
Cash and cash equivalents |
6,723,814 |
4,939,505 |
||
Held-for-trading financial assets |
||||
Bills receivable |
574,063 |
651,601 |
||
Accounts receivable |
2,414,059 |
1,516,759 |
||
Prepayments |
958,813 |
1,145,561 |
||
Interest receivable |
169,733 |
5,814 |
||
Dividends receivable |
217,180 |
240,348 |
||
Other receivables |
9,149,244 |
7,812,881 |
||
Inventories |
12,415,765 |
12,917,041 |
||
Non-current assets due within one year |
28,000 |
28,000 |
||
Other current assets |
4,103,381 |
992,623 |
||
|
|
|||
Total current assets |
36,754,052 |
30,250,133 |
||
|
|
|||
Non-current assets: |
||||
Financial assets available for sale |
||||
Held-to-maturity investments |
||||
Long-term receivables |
||||
Long-term equity investments |
27,285,824 |
26,096,514 |
||
Investment properties |
||||
Fixed assets |
48,043,302 |
52,636,716 |
||
Construction in progress |
3,325,461 |
6,339,611 |
||
Construction materials |
41,454 |
60,017 |
||
Disposal of fixed assets |
||||
Biological assets for production |
||||
Oil and gas assets |
||||
Intangible assets |
2,493,141 |
2,319,689 |
||
Development expenses |
||||
Goodwill |
2,330,945 |
2,330,945 |
||
Long-term deferred expenditures |
108,442 |
70,829 |
||
Deferred income tax assets |
1,514,756 |
1,525,206 |
||
Other non-current assets |
4,773,175 |
322,430 |
||
Total non-current assets |
89,916,500 |
91,701,957 |
||
|
|
|||
Total assets |
126,670,552 |
121,952,090 |
||
|
|
|||
Current liabilities: |
||||
Short-term borrowings |
25,060,000 |
19,370,000 |
||
Held-for-trading financial liabilities |
0 |
11,222 |
||
Bills payable |
||||
Accounts payable |
3,709,149 |
2,900,794 |
||
Payments received in advance |
352,290 |
170,979 |
||
Staff remuneration payables |
381,044 |
257,796 |
||
Taxes payable |
211,843 |
230,190 |
||
Interests payable |
759,781 |
421,281 |
||
Dividends payable |
||||
Other payables |
3,241,826 |
3,598,165 |
||
Non-current liabilities due within one year |
8,032,662 |
8,321,342 |
||
Other current liabilities |
17,283,112 |
16,669,968 |
||
|
|
|||
Total current liabilities |
59,031,707 |
51,951,737 |
||
|
|
|||
Non-current liabilities: |
||||
Long-term borrowings |
6,689,408 |
9,147,902 |
||
Debentures payable |
20,910,560 |
15,927,504 |
||
Long-term payables |
||||
Special payables |
96,880 |
96,880 |
||
Projected liabilities |
||||
Deferred income tax liabilities |
||||
Other non-current liabilities |
439,871 |
490,292 |
||
Total non-current liabilities |
28,136,719 |
25,662,578 |
||
|
|
|||
Total liabilities |
87,168,426 |
77,614,315 |
||
|
|
|||
Owner's equity (or shareholder's equity): |
||||
Paid-up capital (or share capital) |
13,524,488 |
13,524,488 |
||
Capital reserve |
14,640,495 |
14,401,214 |
||
Less: Treasury stock |
||||
Special reserve |
89,364 |
25,686 |
||
Surplus reserve |
5,867,557 |
5,867,557 |
||
General risk provision |
||||
Retained profit |
5,380,222 |
10,518,830 |
||
|
|
|||
Total owner's equity |
||||
(or shareholder's equity) |
39,502,126 |
44,337,775 |
||
|
|
|||
Total liabilities and owners' equity |
||||
(or shareholder's equity) |
126,670,552 |
121,952,090 |
||
|
|
|||
Legal Representative |
Person-in-charge |
Head of Accounting |
||
of the Company: |
of Accounting: |
Department: |
||
Xiong Weiping |
Xie Weizhi |
Lu Dongliang |
||
4.2 |
Consolidated Income Statement |
|
Prepared by: Aluminum Corporation of China Limited* |
||
Unit: Thousand RMB, Unaudited |
||
Amount from |
||||||
the beginning |
||||||
Amount from |
of the previous |
|||||
the beginning |
year to the end |
|||||
of the year |
of the reporting |
|||||
Amount for |
to the end of |
period of the |
||||
Amount for |
the previous |
the reporting |
previous year |
|||
the period |
period (July- |
period (January- |
(January- |
|||
Items |
(July-September) |
September) |
September) |
September) |
||
I. |
Total operating revenue |
45,421,765 |
37,134,780 |
122,062,786 |
108,832,561 |
Including: |
Operating revenue |
45,421,765 |
37,134,780 |
122,062,786 |
108,832,561 |
|||
Interest income |
||||||||
Premiums earned |
||||||||
Handling charges |
||||||||
and commission |
||||||||
income |
||||||||
II. |
Total cost of operations |
46,971,851 |
38,772,273 |
127,487,472 |
114,865,998 |
Including: |
Operating cost |
44,546,517 |
36,297,574 |
119,640,794 |
107,277,504 |
|||
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 |
87,396 |
73,395 |
259,562 |
192,452 |
||||
Selling expenses |
480,041 |
525,409 |
1,403,571 |
1,482,294 |
||||
Administrative |
||||||||
expenses |
635,171 |
681,290 |
1,862,365 |
1,921,457 |
||||
Finance expenses |
1,279,142 |
1,195,385 |
4,186,597 |
3,496,506 |
||||
Loss on assets |
||||||||
impairment |
-56,416 |
-780 |
134,583 |
495,785 |
||||
Add: |
Gains on |
|||||||
fair value changes |
||||||||
(loss stated with "-") |
1,340 |
261,336 |
-2,867 |
55,968 |
||||
Investment income |
||||||||
(loss stated with "-") |
106,408 |
-43,170 |
1,860,921 |
112,420 |
Including: |
Investment income |
||||||||
from associated |
|||||||||
companies and |
|||||||||
joint ventures |
44,395 |
32,600 |
337,567 |
188,510 |
Foreign currency |
||||||||
exchange gains |
||||||||
(loss stated with "-") |
III. |
Operating profit |
||||||
(loss stated with "-") |
-1,442,338 |
-1,419,327 |
-3,566,632 |
-5,865,049 |
Add: |
Non-operating income |
266,290 |
89,526 |
1,704,485 |
377,625 |
|||
Less: |
Non-operating |
|||||||
expenses |
42,548 |
18,336 |
65,049 |
42,064 |
Including: |
Loss from disposal |
||||||||
of non-current |
|||||||||
assets |
1,035 |
7,827 |
9,009 |
12,860 |
|||||
IV. |
Total profit (total loss |
||||||
stated with "-") |
-1,218,596 |
-1,348,137 |
-1,927,196 |
-5,529,488 |
Less: |
Income tax expenses |
70,678 |
-255,056 |
35,760 |
-1,011,639 |
|||
V. |
Net profit (net loss |
||||||
stated with "-") |
-1,289,274 |
-1,093,081 |
-1,962,956 |
-4,517,849 |
|||
Net profit attributable to owners |
|||||||
of the parent company |
-1,221,846 |
-1,082,216 |
-1,845,646 |
-4,335,471 |
|||
Minority interests |
-67,428 |
-10,865 |
-117,310 |
-182,378 |
|||
VI. |
Earnings per share: |
||||||
(i) Basic earnings per share |
-0.09 |
-0.08 |
-0.14 |
-0.32 |
|||
(ii) Diluted earnings per share |
-0.09 |
-0.08 |
-0.14 |
-0.32 |
|||
VII. |
Other comprehensive income |
44,384 |
-23,815 |
-127,828 |
-30,121 |
||
VIII. |
Total comprehensive income |
-1,244,890 |
-1,116,896 |
-2,090,784 |
-4,547,970 |
||
Total comprehensive income |
|||||||
attributable to owners of |
|||||||
the parent company |
-1,203,559 |
-1,106,031 |
-1,973,474 |
-4,365,592 |
|||
Total comprehensive |
|||||||
income attributable to |
|||||||
minority shareholders |
-41,331 |
-10,865 |
-117,310 |
-182,378 |
|||
Legal Representative |
Person-in-charge |
Head of Accounting |
||
of the Company: |
of Accounting: |
Department: |
||
Xiong Weiping |
Xie Weizhi |
Lu Dongliang |
||
Income Statement of the Parent Company |
||
Prepared by: Aluminum Corporation of China Limited* |
||
Unit: Thousand RMB, Unaudited |
||
Amount from |
||||||
the beginning |
||||||
Amount from |
of the previous |
|||||
the beginning |
year to the end |
|||||
of the year |
of the reporting |
|||||
Amount for |
to the end of |
period of the |
||||
Amount for |
the previous |
the reporting |
previous year |
|||
the period |
period (July- |
period (January- |
(January- |
|||
Items |
(July-September) |
September) |
September) |
September) |
||
I. |
Operating revenue |
11,831,897 |
11,713,604 |
35,139,908 |
36,082,953 |
Less: |
Operating costs |
11,807,610 |
11,703,287 |
35,153,561 |
36,267,775 |
|||
Business tax |
||||||||
and surcharges |
44,564 |
38,459 |
141,224 |
113,300 |
||||
Selling expenses |
272,087 |
279,244 |
786,954 |
826,351 |
||||
Administrative |
||||||||
expenses |
383,680 |
398,046 |
998,735 |
1,112,205 |
||||
Finance expenses |
763,940 |
680,241 |
2,400,179 |
2,032,078 |
||||
Loss on |
||||||||
assets impairment |
-16 |
-52 |
99,739 |
359,303 |
||||
Add: |
Gains on |
|||||||
fair value changes |
||||||||
(loss stated with "-") |
0 |
160,318 |
11,222 |
42,896 |
||||
Investment income |
||||||||
(loss stated with "-") |
11,338 |
-61,923 |
-1,756,895 |
-21,435 |
Including: |
Investment income |
||||||||
from associated |
|||||||||
companies and |
|||||||||
joint ventures |
0 |
-22,662 |
-4,873 |
-1,194 |
|||||
II. |
Operating profit |
||||||
(loss stated with "-") |
-1,428,630 |
-1,287,226 |
-6,186,157 |
-4,606,598 |
Add: |
Non-operating income |
147,184 |
40,880 |
676,580 |
189,573 |
|||
Less: |
Non-operating |
|||||||
expenses |
5,562 |
13,271 |
17,481 |
32,775 |
Including: |
Loss from |
||||||||
disposal of |
|||||||||
non-current |
|||||||||
assets |
1,186 |
5,338 |
3,111 |
10,100 |
|||||
III. |
Total profit |
||||||
(total loss stated with "-") |
-1,287,008 |
-1,259,617 |
-5,527,058 |
-4,449,800 |
Less: |
Income tax expenses |
1,954 |
-289,820 |
-15,495 |
-993,487 |
|||
IV. |
Net profit |
||||||
(net loss stated with "-") |
-1,288,962 |
-969,797 |
-5,511,563 |
-3,456,313 |
|||
V. |
Earnings per share: |
||||||
(i) Basic earnings per share |
|||||||
(ii) Diluted earnings per share |
|||||||
VI. |
Other comprehensive income |
||||||
VII. |
Total comprehensive income |
-1,288,962 |
-969,797 |
-5,511,563 |
-3,456,313 |
||
Legal Representative |
Person-in-charge |
Head of Accounting |
||
of the Company: |
of Accounting: |
Department: |
||
Xiong Weiping |
Xie Weizhi |
Lu Dongliang |
||
4.3 |
Consolidated Cash Flow Statement |
|
January to September 2013 |
||
Prepared by: Aluminum Corporation of China Limited* |
||
Unit: Thousand RMB, Unaudited |
||
Amount from |
||||
Amount from |
the beginning |
|||
the beginning |
of the previous |
|||
of the year |
year to the end |
|||
to the end of |
of the reporting |
|||
the reporting |
period of the |
|||
period (January- |
previous year |
|||
Items |
September) |
(January-September) |
||
I. |
Cash flow from operating activities: |
||||
Cash received from product sales and |
|||||
rendering of services |
140,458,269 |
134,859,613 |
|||
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 |
103,967 |
26,391 |
|||
Other cash received relating |
|||||
to operating activities |
2,660,834 |
1,625,446 |
|||
Sub-total of cash inflow |
|||||
from operating activities |
143,223,070 |
136,511,450 |
|||
Cash paid for purchase of |
|||||
goods and receipt of services |
129,819,528 |
127,172,878 |
|||
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 |
5,378,066 |
4,996,670 |
|||
Taxes and surcharges paid |
2,874,983 |
2,600,279 |
|||
Other cash paid relating to operating activities |
2,797,674 |
2,537,053 |
|||
Sub-total of cash outflow from |
|||||
operating activities |
140,870,251 |
137,306,880 |
|||
|
|
||||
Net cash flow from operating activities |
2,352,819 |
-795,430 |
|||
|
|
||||
II. |
Cash flows from investment activities: |
||||
Cash received from disposal of investments |
|||||
Cash received from returns on investments |
106,736 |
119,240 |
|||
Net cash received from disposal of fixed assets, |
|||||
intangible assets and other long-term assets |
115,447 |
72,921 |
|||
Net cash received from disposal of subsidiaries |
|||||
and other operating entities |
1,995,451 |
0 |
|||
Other cash received relating to |
|||||
investment activities |
1,024,873 |
87,523 |
|||
Sub-total of cash inflow from |
|||||
investment activities |
3,242,507 |
279,684 |
|||
Cash paid to acquire fixed assets, |
|||||
intangible assets and other long-term assets |
6,470,264 |
6,416,197 |
|||
Cash paid for investment |
661,775 |
12,971,790 |
|||
Net increase in pledged loans |
|||||
Net cash paid for acquisition of |
|||||
subsidiaries and other operating entities |
5,179 |
0 |
|||
Other cash paid relating to investment activities |
4,880,039 |
786,886 |
|||
Sub-total of cash outflow from |
|||||
investment activities |
12,017,257 |
20,174,873 |
|||
|
|
||||
Net cash flows from investment activities |
-8,774,750 |
-19,895,189 |
|||
|
|
||||
III. |
Cash flow from financing activities: |
||||
Proceeds received from investments |
53,808 |
5,300 |
Including: |
Proceeds received by subsidiaries |
|||||
from minority shareholders' |
||||||
investment |
53,808 |
0 |
Cash received from borrowings |
57,055,842 |
70,223,411 |
|||
Cash received from issue of debentures |
20,000,000 |
11,000,000 |
|||
Other cash received relating to |
|||||
financing activities |
393,874 |
0 |
|||
Sub-total of cash inflow from |
|||||
financing activities |
77,503,524 |
81,228,711 |
|||
Cash paid for repayment |
65,354,342 |
56,135,849 |
|||
Cash paid for dividend and profit |
|||||
distribution or interest repayment |
4,243,805 |
3,938,323 |
Including: |
Dividend and profit paid |
|||||
by subsidiaries to |
||||||
minority shareholders |
102,275 |
0 |
Other cash paid relating to financing activities |
123,933 |
3,777,878 |
|||
Sub-total of cash outflow from |
|||||
financing activities |
69,722,080 |
63,852,050 |
|||
|
|
||||
Net cash flows from financing activities |
7,781,444 |
17,376,661 |
|||
|
|
||||
IV. |
Effect on cash and cash equivalents due to |
||||
change in foreign currency exchange rate |
106,275 |
-54,921 |
|||
V. |
Net increase in cash and cash equivalents |
1,465,788 |
-3,368,879 |
Add: |
Balance of cash and |
|||||
cash equivalents at |
||||||
the beginning of the period |
9,063,593 |
10,591,306 |
||||
VI. |
Balance of cash and cash equivalents at |
||||
the end of the period |
10,529,381 |
7,222,427 |
Legal Representative |
Person-in-charge |
Head of Accounting |
||
of the Company: |
of Accounting: |
Department: |
||
Xiong Weiping |
Xie Weizhi |
Lu Dongliang |
||
Cash Flow Statement of the Parent Company |
||
January to September 2013 |
||
Prepared by: Aluminum Corporation of China Limited* |
||
Unit: Thousand RMB, Unaudited |
||
Amount from |
Amount from |
|||
the beginning |
the beginning |
|||
of the year |
of the previous |
|||
to the end of |
year to the end |
|||
the reporting |
of the reporting |
|||
period (January- |
period (January- |
|||
Items |
September) |
September) |
||
I. |
Cash flow from operating activities: |
||||
Cash received from product sales |
|||||
and rendering of services |
40,334,526 |
43,848,285 |
|||
Refund of tax and levies received |
27,611 |
26,293 |
|||
Other cash received relating to |
|||||
operating activities |
598,432 |
525,331 |
|||
Sub-total of cash inflow from |
|||||
operating activities |
40,960,569 |
44,399,909 |
|||
Cash paid for purchase of goods and |
|||||
receipt of services |
33,084,803 |
37,416,824 |
|||
Cash paid to and on behalf of employees |
3,355,932 |
3,527,233 |
|||
Taxes and surcharges paid |
1,659,102 |
1,639,144 |
|||
Other cash paid relating to operating activities |
2,467,274 |
1,687,107 |
|||
Sub-total of cash outflow from |
|||||
operating activities |
40,567,111 |
44,270,308 |
|||
|
|
||||
Net cash flow from operating activities |
393,458 |
129,601 |
|||
|
|
||||
II. |
Cash flows from investment activities: |
||||
Cash received from disposal of investments |
|||||
Cash received from returns on investments |
68,142 |
47,535 |
|||
Net cash received from disposal of fixed assets, |
|||||
intangible assets and other long-term assets |
62,605 |
67,074 |
|||
Net cash received from disposal of subsidiaries |
|||||
and other operating entities |
2,489,341 |
0 |
|||
Other cash received relating to |
|||||
investment activities |
986,540 |
172,809 |
|||
Sub-total of cash inflow from |
|||||
investment activities |
3,606,628 |
287,418 |
|||
Cash paid to acquire fixed assets, intangible |
|||||
assets and other long-term assets |
1,464,863 |
2,631,184 |
|||
Cash paid for investment |
1,093,629 |
5,924,501 |
|||
Net cash paid for acquisition of |
|||||
subsidiaries and other operating entities |
3,347,715 |
0 |
|||
Other cash paid relating to investment activities |
5,483,378 |
361,242 |
|||
Sub-total of cash outflow from |
|||||
investment activities |
11,389,585 |
8,916,927 |
|||
|
|
||||
Net cash flows from investment activities |
-7,782,957 |
-8,629,509 |
|||
|
|
||||
III. |
Cash flows from financing activities: |
||||
Proceeds received from investments |
|||||
Cash received from borrowings |
25,840,000 |
28,598,000 |
|||
Cash received from bond issue |
20,000,000 |
11,000,000 |
|||
Other cash received relating to |
|||||
financing activities |
536,297 |
0 |
|||
Sub-total of cash inflow from |
|||||
financing activities |
46,376,297 |
39,598,000 |
|||
Cash paid for repayment |
34,259,600 |
26,149,000 |
|||
Cash paid for dividend and profit |
|||||
distribution or interest repayment |
2,437,947 |
2,448,507 |
|||
Other cash paid relating to financing activities |
89,265 |
3,493,951 |
|||
Sub-total of cash outflow from |
|||||
financing activities |
36,786,812 |
32,091,458 |
|||
|
|
||||
Net cash flows from financing activities |
9,589,485 |
7,506,542 |
|||
|
|
||||
IV. |
Effect on cash and cash equivalents due to |
||||
change in foreign currency exchange rate |
-4,236 |
-3,456 |
|||
V. |
Net increase in cash and cash equivalents |
2,195,750 |
-996,822 |
Add: |
Balance of cash and cash |
|||||
equivalents at the beginning |
||||||
of the period |
4,396,234 |
4,006,936 |
||||
VI. |
Balance of cash and cash equivalents at |
||||
the end of the period |
6,591,984 |
3,010,114 |
|||
Legal Representative |
Person-in-charge |
Head of Accounting |
||
of the Company: |
of Accounting: |
Department: |
||
Xiong Weiping |
Xie Weizhi |
Lu Dongliang |
||
As at the date of this announcement, the members of the Board of Directors comprise Mr. Xiong Weiping, Mr. Luo Jianchuan, Mr. Liu Xiangmin and Mr. Jiang Yinggang (Executive Directors); Mr. Liu Caiming and Mr. Wang Jun (Non-executive Directors); Mr. Wu Jianchang, Mr. MA Si-hang, Frederick and Mr. Wu Zhenfang (Independent Non-executive Directors). |
|
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 |