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 2014
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, 2014 |
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) 2014 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 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 shall 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 |
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 third quarterly report of the Company has not been audited. |
* For identification purpose only |
2. |
PRINCIPAL FINANCIAL INFORMATION AND THE CHANGES OF SHAREHOLDERS OF THE COMPANY |
|
2.1 |
Principal financial information |
|
Unit:'000 Currency: RMB |
|||||
30 September 2014 |
31 December 2013 |
Increase/ |
|||
(%) |
|||||
Total assets |
198,048,352 |
199,507,054 |
-0.73 |
||
Net assets attributable to owners of |
|||||
the parent |
39,088,044 |
44,357,725 |
-11.88 |
||
2014 (January- |
2013 (January- |
Increase/ |
|||
(%) |
|||||
Net cash flow from operating activities |
5,317,849 |
2,352,819 |
126.02 |
||
2014 (January- |
2013 (January- |
Increase/ |
|||
(%) |
|||||
Revenue |
104,786,229 |
122,062,786 |
-14.15 |
||
Profit attributable to owners of the parent |
-5,412,039 |
-1,845,646 |
N/A |
||
Profit attributable to owners of the parent |
|||||
after excluding extraordinary |
|||||
gains and losses |
-6,153,672 |
-4,893,076 |
N/A |
||
Weighted average rate of return |
|||||
on net assets (%) |
-12.97 |
-4.31 |
N/A |
||
Basic earnings per share (RMB per share) |
-0.40 |
-0.14 |
N/A |
||
Diluted earnings per share (RMB per share) |
-0.40 |
-0.14 |
N/A |
||
Deducting the gains and losses arising from extraordinary items and amount |
|||||
Unit: '000 Currency: RMB |
|||||
Items |
2014 (July- |
2014 (January- |
Explanations |
||
Gains/(Losses) on disposal of non-current assets |
11,793 |
24,927 |
|||
Government subsidies included in the gains |
|||||
or 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) |
252,737 |
528,301 |
|||
Gains or losses from discretionary investment |
|||||
or asset management |
20,858 |
31,777 |
|||
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 |
|||||
on disposing held-for-trading financial assets |
|||||
and liabilities and available-for-sale |
|||||
financial assets |
-25,738 |
55,551 |
|||
Reversal of impairment provisions for |
|||||
receivables subject to individual |
|||||
impairment test |
0 |
12,609 |
|||
Gains/(Losses) on external entrusted loans |
12,600 |
43,650 |
|||
Other non-operating income and expenses other |
|||||
than above items |
35,212 |
111,290 |
|||
Income tax effect |
-5,729 |
-17,630 |
|||
Non-controlling interests effect (after tax) |
-18,987 |
-48,842 |
|||
|
|
||||
Total |
282,746 |
741,633 |
|||
|
|
||||
2.2 |
Total number of shareholders, the top ten shareholders and the top ten shareholders of tradable shares (not subject to trading moratorium) as at the end of the reporting period |
||
Unit: Share |
|||
Total number of shareholders |
500,893 |
||
Shareholding status of top ten shareholders |
|||
Pledged or frozen |
|||||||||
Name of shareholders (in full) |
Increase/ |
Number of |
Percentage |
Number |
Status of |
Number of |
Nature of |
||
(%) |
|||||||||
Aluminum Corporation of China |
0 |
5,214,407,195 |
38.56 |
None |
None |
0 |
State-owned |
||
HKSCC Nominees Limited |
837,901 |
3,925,422,375 |
29.02 |
None |
Unknown |
0 |
Foreign legal person |
||
China Cinda Assets Management Co., Ltd.
|
-108,928,095 |
491,071,905 |
3.63 |
None |
None |
0 |
State-owned legal person |
||
China Development Bank Capital Corporation Ltd.
|
0 |
415,168,145 |
3.07 |
None |
None |
0 |
State-owned legal person |
||
Baotou Aluminum (Group) Co., Ltd. |
0 |
301,217,795 |
2.23 |
None |
None |
0 |
State-owned legal person |
||
China Construction Bank Corporation |
-304,847,707 |
218,242,451 |
1.61 |
None |
None |
0 |
State-owned legal person |
||
Lanzhou Aluminum Factory |
0 |
79,472,482 |
0.59 |
None |
None |
0 |
State-owned legal person |
||
Industrial Securities Co., Ltd. - Client Credit |
|||||||||
Trading Guaranteed Securities Account |
|||||||||
|
37,772,532 |
42,635,150 |
0.32 |
None |
None |
0 |
Others |
||
Guotai Junan Securities Co., Ltd. - Client Credit |
|||||||||
Trading Guarantee Securities Account |
|||||||||
|
13,972,763 |
29,536,475 |
0.22 |
None |
None |
0 |
Others |
||
Guizhou Provincial Materials Development and Investment Corporation
|
0 |
29,000,000 |
0.21 |
None |
Pledged |
25,000,000 |
State-owned legal person |
||
The top ten shareholders of tradable shares not subject to trading moratorium |
|||||
Class and number of shares |
|||||
Name of shareholders |
Number of tradable shares not subject to trading moratorium held as at the end of the period |
Class |
Number |
||
Aluminum Corporation of China [1] |
5,214,407,195 |
RMB denominated ordinary shares |
5,214,407,195 |
||
HKSCC Nominees Limited foreign shares |
3,925,422,375 |
Overseas listed |
3,925,422,375 |
||
China Cinda Assets Management Co., Ltd. |
491,071,905 |
RMB denominated ordinary shares |
491,071,905 |
||
China Development Bank Capital Corporation Ltd. |
415,168,145 |
RMB denominated ordinary shares |
415,168,145 |
||
Baotou Aluminum (Group) Co., Ltd. |
301,217,795 |
RMB denominated ordinary shares |
301,217,795 |
||
China Construction Bank Corporation |
218,242,451 |
RMB denominated ordinary shares |
218,242,451 |
||
Lanzhou Aluminum Factory |
79,472,482 |
RMB denominated ordinary shares |
79,472,482 |
||
Industrial Securities Co., Ltd. - Client Credit Trading Guaranteed Securities Account |
42,635,150 |
RMB denominated ordinary shares |
42,635,150 |
||
Guotai Junan Securities Co., Ltd. - Client Credit Trading Guaranteed Securities Account |
29,536,475 |
RMB denominated ordinary shares |
29,536,475 |
||
Guizhou Provincial Materials Development and Investment Corporation |
29,000,000 |
RMB denominated ordinary shares |
29,000,000 |
||
Connected relationship or concert-party |
The number of shares of [1] does not contain the A shares |
||
relationship among the above shareholders |
of the Company held indirectly by Aluminum Corporation of China through 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 5,606,357,299 shares of the Company and 41.45% 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. |
Loss of assets impairment increased by 193%, mainly attributable to the increase in the provision for impairment due to the evidence of impairment on certain assets of the Group; |
|||||
2. |
Gain in fair value changes increased by 1,774%, mainly attributable to the increase in the float gain in futures contracts held by the Group; |
|||||
3. |
Investment income decreased by 74%, mainly attributable to the relatively significant income in capital operation of the Group in the corresponding period last year; |
|||||
4. |
Non-operating income decreased by 60%, mainly attributable to no occurrence of capital operation of the Group for the period; |
|||||
5. |
Non-operating expenses decreased by 66%, mainly attributable to the decrease in the losses arising from the disposal of fixed assets of the Group for the period; |
|||||
6. |
Income tax expenses increased by 1,226%, mainly attributable to the fact that some deferred income tax assets recognized in the previous years have been offset by the Group; |
|||||
7. |
Other comprehensive income increased by 148%, mainly attributable to the changes in exchange rate; |
|||||
8. |
Held-for-trading financial assets increased by 222,187%, mainly attributable to the increase in the unrealised gains arising from futures contracts held by the Group at the end of the period; |
|||||
9. |
Notes receivable decreased by 31%, mainly attributable to the increase in discounted notes and transfer endorsement of the Group; |
|||||
10. |
Prepayments increased by 37%, mainly attributable to the increase in procurement prepayments for the stabilization of market supply and the expansion of business; |
|||||
11. |
Interests receivable decreased by 44%, mainly attributable to the withdrawal of the interests of transfer payment by the Group; |
|||||
12. |
Other receivables decreased by 33%, mainly attributable to the amounts of recovering assets and equity transfer of the Group; |
|||||
13. |
Other current assets increased by 33%, mainly attributable to the increase of the wealth management products purchased by the Group for the purpose of obtaining short-term capital income; |
|||||
14. |
Construction materials decreased by 48%, mainly attributable to the fact that the Group consumed some construction material; |
|||||
15. |
Held-for-trading financial liabilities increased by 109%, mainly attributable to the loss in fair value changes arising from futures contracts held by the Group at the end of the period; |
|||||
16. |
Advances from customers increased by 71%, mainly attributable to the enhancement of customer credit management by the Group; |
|||||
17. |
Other current liabilities increased by 34%, mainly attributable to the issue of the short-term financing bonds by the Group; |
|||||
18. |
Long-term payables increased by 85%, mainly attributable to the financing leasing payables incurred by the additional financing leasing of the Group; |
|||||
19. |
Special reserve increased by 54%, mainly attributable to the increase in the provision of safety production expenses of the Group; |
|||||
20. |
Net cash flow from operating activities amounted to RMB5,318 million, representing an year-on-year increase of RMB2,965 million, or 126%. It is mainly attributable to the fact that the Group enhanced loan recovery, accelerated the velocity of inventory turnover and reinforced the management of current assets and current liabilities; |
|||||
21. |
For production and operation, the Company applied strict control on various cost and expenses. Accordingly, the manufacturing costs of alumina and electrolytic aluminum, the core products of the Company, decreased by approximately 5% on year-on-year basis from January to September. |
|||||
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 |
||
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 as compared with the corresponding period last year and the reason thereof |
|||||
Applicable |
Not Applicable |
||
The accumulated net profit for the period from the beginning of the year to the end of the next reporting period of the Company is expected to be loss. Relevant details will be disclosed in the 2014 annual results report. |
||||||
4. |
APPENDICES |
|||||
4.1 |
Financial Statements |
|||||
Consolidated Statement of Financial Position (Group) |
||||||
Unit: '000 Currency: RMB Type of audit: Unaudited |
||||||
Items |
30 September 2014 |
31 December 2013 |
||
Current assets: |
||||
Cash and cash equivalents and |
||||
restricted cash and time deposits |
15,344,451 |
12,425,853 |
||
Held-for-trading financial assets |
51,515 |
23 |
||
Notes receivable |
1,480,751 |
2,142,453 |
||
Accounts receivable |
4,933,823 |
4,014,152 |
||
Prepayments |
7,954,595 |
5,805,619 |
||
Interest receivable |
164,866 |
294,748 |
||
Dividends receivable |
125,135 |
125,135 |
||
Other receivables |
7,765,016 |
11,674,138 |
||
Inventories |
22,063,853 |
23,535,948 |
||
Non-current assets due within one year |
28,000 |
28,000 |
||
Other current assets |
4,013,416 |
3,019,352 |
||
|
|
|||
Total current assets |
63,925,421 |
63,065,421 |
||
|
|
|||
Non-current assets: |
||||
Financial assets available for sale |
81,750 |
82,112 |
||
Long-term equity investments |
7,465,828 |
6,902,659 |
||
Fixed assets |
87,448,431 |
85,145,430 |
||
Construction in progress |
11,509,795 |
15,190,275 |
||
Construction materials |
139,721 |
270,267 |
||
Intangible assets |
11,602,217 |
11,251,410 |
||
Goodwill |
2,345,041 |
2,344,953 |
||
Long-term deferred expenditures |
240,258 |
281,904 |
||
Deferred income tax assets |
1,475,130 |
1,793,310 |
||
Other non-current assets |
11,814,760 |
13,179,313 |
||
|
|
|||
Total non-current assets |
134,122,931 |
136,441,633 |
||
|
|
|||
Total assets |
198,048,352 |
199,507,054 |
||
|
|
|||
Current liabilities: |
||||
Short-term borrowings |
37,630,546 |
47,146,473 |
||
Held-for-trading financial liabilities |
4,078 |
1,947 |
||
Notes payable |
3,916,846 |
3,631,144 |
||
Accounts payable |
9,084,425 |
8,770,506 |
||
Payments received in advance |
2,682,703 |
1,565,691 |
||
Staff remuneration payable |
447,599 |
365,944 |
||
Taxes payable |
533,206 |
557,377 |
||
Interest payable |
925,520 |
726,064 |
||
Dividends payable |
133,502 |
108,251 |
||
Other payables |
6,969,149 |
6,965,626 |
||
Non-current liabilities due within |
||||
one year |
14,669,478 |
11,612,587 |
||
Other current liabilities |
20,479,346 |
15,285,971 |
||
|
|
|||
Total current liabilities |
97,476,398 |
96,737,581 |
||
|
|
|||
Non-current liabilities: |
||||
Long-term borrowings |
25,802,686 |
26,974,618 |
||
Debentures payable |
20,218,404 |
19,320,210 |
||
Long-term payables |
1,417,525 |
767,157 |
||
Special payables |
120,080 |
119,080 |
||
Projected liabilities |
98,492 |
98,792 |
||
Deferred income tax liabilities |
1,069,754 |
1,088,150 |
||
Other non-current liabilities |
839,000 |
699,347 |
||
|
|
|||
Total non-current liabilities |
49,565,941 |
49,067,354 |
||
|
|
|||
Total liabilities |
147,042,339 |
145,804,935 |
||
|
|
|||
Owner's equity: |
||||
Share capital |
13,524,488 |
13,524,488 |
||
Capital reserve |
13,745,081 |
13,743,094 |
||
Special reserve |
224,654 |
146,200 |
||
Surplus reserve |
5,867,557 |
5,867,557 |
||
Retained earnings |
5,915,748 |
11,327,787 |
||
Foreign currency translation differences |
-189,484 |
-251,401 |
||
|
|
|||
Total owner's equity attributable to |
||||
the owners of the parent |
39,088,044 |
44,357,725 |
||
Non-controlling interest |
11,917,969 |
9,344,394 |
||
|
|
|||
Total owner's equity |
51,006,013 |
53,702,119 |
||
|
|
|||
Total liabilities and owner's equity |
198,048,352 |
199,507,054 |
||
|
|
|||
Person-in-charge |
Head of Accounting |
|||||
Legal Representative: |
of Accounting: |
Department: |
||||
Xiong Weiping |
Xie Weizhi |
Lu Dongliang |
||||
Statement of Financial Position (Company) |
||||||
Unit: '000 Currency: RMB Type of audit: Unaudited |
||||||
Items |
30 September 2014 |
31 December 2013 |
||
Current assets: |
||||
Cash and cash equivalents and |
||||
restricted cash and time deposits |
8,530,748 |
5,207,329 |
||
Held-for-trading financial assets |
482 |
0 |
||
Notes receivable |
394,184 |
408,578 |
||
Accounts receivable |
1,881,068 |
1,622,687 |
||
Prepayments |
697,093 |
584,279 |
||
Interest receivable |
35,263 |
295,027 |
||
Dividends receivable |
274,113 |
217,180 |
||
Other receivables |
8,205,412 |
7,629,382 |
||
Inventories |
12,389,525 |
12,265,310 |
||
Non-current assets due within one year |
28,000 |
28,000 |
||
Other current assets |
1,391,347 |
914,368 |
||
|
|
|||
Total current assets |
33,827,235 |
29,172,140 |
||
|
|
|||
Non-current assets: |
||||
Financial assets available for sale |
7,000 |
7,000 |
||
Long-term equity investments |
28,434,408 |
27,896,030 |
||
Fixed assets |
45,573,048 |
47,349,667 |
||
Construction in progress |
3,328,061 |
3,790,443 |
||
Construction materials |
44,863 |
36,975 |
||
Intangible assets |
2,482,727 |
2,507,098 |
||
Goodwill |
2,330,945 |
2,330,945 |
||
Long-term deferred expenditures |
53,090 |
127,962 |
||
Deferred income tax assets |
829,548 |
1,202,232 |
||
Other non-current assets |
3,298,397 |
4,801,174 |
||
Total non-current assets |
86,382,087 |
90,049,526 |
||
|
|
|||
Total assets |
120,209,322 |
119,221,666 |
||
|
|
|||
Current liabilities: |
||||
Short-term borrowings |
21,035,000 |
25,810,000 |
||
Accounts payable |
5,764,608 |
4,893,450 |
||
Payments received in advance |
319,206 |
385,315 |
||
Staff remuneration payables |
231,506 |
211,752 |
||
Taxes payable |
166,513 |
172,421 |
||
Interests payable |
744,327 |
589,828 |
||
Other payables |
3,152,109 |
4,321,838 |
||
Non-current liabilities due within |
||||
one year |
9,276,041 |
6,294,940 |
||
Other current liabilities |
20,414,190 |
15,275,680 |
||
|
|
|||
Total current liabilities |
61,103,500 |
57,955,224 |
||
|
|
|||
Non-current liabilities: |
||||
Long-term borrowings |
5,858,831 |
4,984,408 |
||
Debentures payable |
19,818,404 |
18,920,210 |
||
Long-term payables |
134,974 |
0 |
||
Special payables |
112,780 |
91,780 |
||
Deferred income tax liabilities |
||||
Other non-current liabilities |
408,859 |
400,952 |
||
Total non-current liabilities |
26,333,848 |
24,397,350 |
||
|
|
|||
Total liabilities |
87,437,348 |
82,352,574 |
||
|
|
|||
Owner's equity: |
||||
Share capital |
13,524,488 |
13,524,488 |
||
Capital reserve |
14,638,302 |
14,645,595 |
||
Special reserve |
77,139 |
54,112 |
||
Surplus reserve |
5,867,557 |
5,867,557 |
||
Retained earnings |
-1,335,512 |
2,777,340 |
||
|
|
|||
Total owner's equity |
32,771,974 |
36,869,092 |
||
|
|
|||
Total liabilities and owners' equity |
120,209,322 |
119,221,666 |
||
|
|
|||
Person-in-charge |
Head of Accounting |
|||||
Legal Representative: |
of Accounting: |
Department: |
||||
Xiong Weiping |
Xie Weizhi |
Lu Dongliang |
||||
Consolidated Statement of Comprehensive Income (Group) |
||||||
Unit: '000 Currency: RMB Type of audit: Unaudited |
||||||
Items |
2014 July to |
2013 July to |
2014 January to |
2013 January to |
||||||
I. |
Total operating revenue |
34,694,207 |
45,421,765 |
104,786,229 |
122,062,786 |
|||||
Including: |
Operating revenue |
34,694,207 |
45,421,765 |
104,786,229 |
122,062,786 |
|||||
II. |
Total cost of operations |
36,281,607 |
46,971,851 |
110,992,467 |
127,487,472 |
|||||
Including: |
Operating cost |
33,614,701 |
44,546,517 |
102,957,520 |
119,640,794 |
|||||
Business tax and surcharges |
87,462 |
87,396 |
226,541 |
259,562 |
||||||
Selling expenses |
423,286 |
480,041 |
1,237,937 |
1,403,571 |
||||||
Administrative expenses |
680,143 |
635,171 |
1,860,771 |
1,862,365 |
||||||
Finance expenses |
1,535,144 |
1,279,142 |
4,315,770 |
4,186,597 |
||||||
Loss on assets impairment |
-59,129 |
-56,416 |
393,928 |
134,583 |
||||||
Add: |
Gains on fair value |
|||||||||
changes (loss stated with "-") |
21,011 |
1,340 |
48,006 |
-2,867 |
||||||
Investment income |
||||||||||
(loss stated with "-") |
49,563 |
106,408 |
481,934 |
1,860,921 |
||||||
Including: |
Investment |
|||||||||
income from associated |
||||||||||
companies and joint ventures |
64,801 |
44,395 |
400,909 |
337,567 |
||||||
III. |
Operating profit (loss stated with "-") |
-1,516,826 |
-1,442,338 |
-5,676,298 |
-3,566,632 |
|||||
Add: |
Non-operating income |
308,456 |
266,290 |
686,126 |
1,704,485 |
|||||
Less: |
Non-operating expenses |
8,974 |
42,548 |
21,868 |
65,049 |
|||||
Including: |
Loss from disposal of |
|||||||||
non-current assets |
684 |
1,035 |
1,372 |
9,009 |
||||||
IV. |
Total profit (total loss stated with "-") |
-1,217,344 |
-1,218,596 |
-5,012,040 |
-1,927,196 |
|||||
Less: |
Income tax expenses |
22,960 |
70,678 |
474,052 |
35,760 |
|||||
V. |
Net profit (net loss stated with "-") |
-1,240,304 |
-1,289,274 |
-5,486,092 |
-1,962,956 |
|||||
Net profit attributable to owners of the parent |
-1,288,607 |
-1,221,846 |
-5,412,039 |
-1,845,646 |
||||||
Non-controlling interests |
48,303 |
-67,428 |
-74,053 |
-117,310 |
||||||
VI. |
Earnings per share: |
|||||||||
(i) |
Basic earnings per share (RMB/Share) |
-0.10 |
-0.09 |
-0.40 |
-0.14 |
|||||
(ii) |
Diluted earnings per share (RMB/Share) |
-0.10 |
-0.09 |
-0.40 |
-0.14 |
|||||
VII. |
Other comprehensive income |
-12,890 |
44,384 |
61,917 |
-127,828 |
|||||
VIII. |
Total comprehensive income |
-1,253,194 |
-1,244,890 |
-5,424,175 |
-2,090,784 |
|||||
Total comprehensive income attributable |
||||||||||
to owners of the parent |
-1,301,497 |
-1,203,559 |
-5,350,122 |
-1,973,474 |
||||||
Total comprehensive income |
||||||||||
attributable to non-controlling shareholder |
48,303 |
-41,331 |
-74,053 |
-117,310 |
||||||
Person-in-charge |
Head of Accounting |
|||||
Legal Representative: |
of Accounting: |
Department: |
||||
Xiong Weiping |
Xie Weizhi |
Lu Dongliang |
||||
Statement of Comprehensive Income (Company) |
||||||
Unit: '000 Currency: RMB Type of audit: Unaudited |
||||||
Items |
2014 July to |
2013 July to |
2014 January to |
2013 January to |
||||||
I. |
Operating revenue |
10,448,263 |
11,831,897 |
30,772,029 |
35,139,908 |
|||||
Less: |
Operating costs |
10,449,255 |
11,807,610 |
31,084,922 |
35,153,561 |
|||||
Business tax and surcharges |
43,118 |
44,564 |
111,900 |
141,224 |
||||||
Selling expenses |
263,032 |
272,087 |
775,740 |
786,954 |
||||||
Administrative expenses |
390,495 |
383,680 |
1,012,626 |
998,735 |
||||||
Finance expenses |
1,007,316 |
763,940 |
2,709,579 |
2,400,179 |
||||||
Loss on assets impairment |
-70,459 |
-16 |
391,687 |
99,739 |
||||||
Add: |
Gains on fair value changes |
|||||||||
(loss stated with "-") |
385 |
0 |
482 |
11,222 |
||||||
Investment income (loss stated with "-") |
1,057,088 |
11,338 |
1,142,709 |
-1,756,895 |
||||||
Including: |
Investment income from associated |
|||||||||
companies and joint ventures |
62,498 |
0 |
107,644 |
-4,873 |
||||||
II. |
Operating profit (loss stated with "-") |
-577,021 |
-1,428,630 |
-4,171,234 |
-6,186,157 |
|||||
Add: |
Non-operating income |
199,363 |
147,184 |
443,817 |
676,580 |
|||||
Less: |
Non-operating expenses |
4,791 |
5,562 |
12,670 |
17,481 |
|||||
Including: |
Loss from disposal of |
|||||||||
non-current assets |
122 |
1,186 |
584 |
3,111 |
||||||
III. |
Total profit (total loss stated with "-") |
-382,449 |
-1,287,008 |
-3,740,087 |
-5,527,058 |
|||||
Less: |
Income tax expenses |
30,464 |
1,954 |
372,765 |
-15,495 |
|||||
IV. |
Net profit (net loss stated with "-") |
-412,913 |
-1,288,962 |
-4,112,852 |
-5,511,563 |
|||||
V. |
Earnings per share: |
|||||||||
(i) |
Basic earnings per share (RMB/Share) |
|||||||||
(ii) |
Diluted earnings per share (RMB/Share) |
|||||||||
VI. |
Other comprehensive income |
|||||||||
VII. |
Total comprehensive income |
-412,913 |
-1,288,962 |
-4,112,852 |
-5,511,563 |
|||||
Person-in-charge |
Head of Accounting |
|||||
Legal Representative: |
of Accounting: |
Department: |
||||
Xiong Weiping |
Xie Weizhi |
Lu Dongliang |
||||
Consolidated Statement of Cash Flows (Group) |
||||||
Unit: '000 Currency: RMB Type of audit: Unaudited |
||||||
Items |
2014 January to September |
2013 January to September |
||||
I. |
Cash flow from operating activities: |
|||||
Cash received from product sales and |
||||||
rendering of services |
122,018,470 |
140,458,269 |
||||
Refund of tax and levies received |
62,690 |
103,967 |
||||
Other cash received relating |
||||||
to operating activities |
1,030,799 |
2,660,834 |
||||
|
|
|||||
Sub-total of cash inflow |
||||||
from operating activities |
123,111,959 |
143,223,070 |
||||
|
|
|||||
Cash paid for purchase of |
||||||
goods and receipt of services |
107,612,362 |
129,819,528 |
||||
Cash paid to and on behalf of employees |
4,579,969 |
5,378,066 |
||||
Taxes and surcharges paid |
2,709,847 |
2,874,983 |
||||
Other cash paid relating to operating activities |
2,891,932 |
2,797,674 |
||||
|
|
|||||
Sub-total of cash outflow from |
||||||
operating activities |
117,794,110 |
140,870,251 |
||||
|
|
|||||
Net cash flow from operating activities |
5,317,849 |
2,352,819 |
||||
|
|
|||||
II. |
Cash flows from investment activities: |
|||||
Cash received from disposal of investments |
274,786 |
0 |
||||
Cash received from returns on investments |
116,594 |
106,736 |
||||
Net cash received from disposal of fixed assets, |
||||||
intangible assets and other long-term assets |
190,264 |
115,447 |
||||
Net cash received from disposal of subsidiaries |
||||||
and other operating entities |
3,640,143 |
1,995,451 |
||||
Other cash received relating to |
||||||
investment activities |
1,796,772 |
1,024,873 |
||||
|
|
|||||
Sub-total of cash inflow from |
||||||
investment activities |
6,018,559 |
3,242,507 |
||||
|
|
|||||
Cash paid to acquire fixed assets, |
||||||
intangible assets and other long-term assets |
5,777,211 |
6,470,264 |
||||
Cash paid for investment |
104,948 |
661,775 |
||||
Net cash paid for acquisition of |
||||||
subsidiaries and other operating entities |
36,756 |
5,179 |
||||
Other cash paid relating to investment activities |
2,420,610 |
4,880,039 |
||||
|
|
|||||
Sub-total of cash outflow from |
||||||
investment activities |
8,339,525 |
12,017,257 |
||||
|
|
|||||
Net cash flows from investment activities |
-2,320,966 |
-8,774,750 |
||||
|
|
|||||
III. |
Cash flow from financing activities: |
|||||
Proceeds received from investments |
262,277 |
53,808 |
||||
Including: |
Proceeds received by subsidiaries |
|||||
from non-controlling |
||||||
shareholders' investment |
262,277 |
53,808 |
||||
Cash received from borrowings |
39,023,023 |
57,055,842 |
||||
Cash received from issue of debentures |
28,461,813 |
20,000,000 |
||||
Other cash received relating to |
||||||
financing activities |
889,840 |
393,874 |
||||
|
|
|||||
Sub-total of cash inflow from financing activities |
68,636,953 |
77,503,524 |
||||
|
|
|||||
Cash paid for repayment |
64,326,149 |
65,354,342 |
||||
Cash paid for dividend and profit |
||||||
distribution or interest repayment |
4,501,471 |
4,243,805 |
||||
Including: |
Dividend and profit paid |
|||||
by subsidiaries to |
||||||
non-controlling shareholders |
0 |
102,275 |
||||
Other cash paid relating to financing activities |
430,910 |
123,933 |
||||
|
|
|||||
Sub-total of cash outflow from |
||||||
financing activities |
69,258,530 |
69,722,080 |
||||
|
|
|||||
Net cash flows from financing activities |
-621,577 |
7,781,444 |
||||
|
|
|||||
IV. |
Effect on cash and cash equivalents due to |
|||||
change in foreign currency exchange rate |
125,882 |
106,275 |
||||
V. |
Net increase in cash and cash equivalents |
2,501,188 |
1,465,788 |
|||
Add: |
Balance of cash and cash equivalents |
|||||
at the beginning of the period |
11,381,695 |
9,063,593 |
||||
VI. |
Balance of cash and cash equivalents at |
|||||
the end of the period |
13,882,883 |
10,529,381 |
||||
Person-in-charge |
Head of Accounting |
|||||
Legal Representative: |
of Accounting: |
Department: |
||||
Xiong Weiping |
Xie Weizhi |
Lu Dongliang |
||||
Statement of Cash Flows (Company) |
||||||
Unit: '000 Currency: RMB Type of audit: Unaudited |
||||||
Items |
2014 January to September |
2013 January to September |
||||
I. |
Cash flow from operating activities: |
|||||
Cash received from product sales |
||||||
and rendering of services |
35,696,527 |
40,334,526 |
||||
Refund of tax and levies received |
14,903 |
27,611 |
||||
Other cash received relating to |
||||||
operating activities |
645,587 |
598,432 |
||||
|
|
|||||
Sub-total of cash inflow from |
||||||
operating activities |
36,357,017 |
40,960,569 |
||||
|
|
|||||
Cash paid for purchase of goods and |
||||||
receipt of services |
30,051,383 |
33,084,803 |
||||
Cash paid to and on behalf of employees |
2,804,211 |
3,355,932 |
||||
Taxes and surcharges paid |
1,337,089 |
1,659,102 |
||||
Other cash paid relating to operating activities |
2,762,402 |
2,467,274 |
||||
|
|
|||||
Sub-total of cash outflow from |
||||||
operating activities |
36,955,085 |
40,567,111 |
||||
|
|
|||||
Net cash flow from operating activities |
-598,068 |
393,458 |
||||
|
|
|||||
II. |
Cash flows from investment activities: |
|||||
Cash received from disposal of investments |
528,000 |
0 |
||||
Cash received from returns on investments |
1,027,691 |
68,142 |
||||
Net cash received from disposal of |
||||||
fixed assets, intangible assets and |
||||||
other long-term assets |
136,520 |
62,605 |
||||
Net cash received from disposal of |
||||||
subsidiaries and other operating entities |
3,640,143 |
2,489,341 |
||||
Other cash received relating to |
||||||
investment activities |
3,895,785 |
986,540 |
||||
|
|
|||||
Sub-total of cash inflow from |
||||||
investment activities |
9,228,139 |
3,606,628 |
||||
|
|
|||||
Cash paid to acquire fixed assets, intangible |
||||||
assets and other long-term assets |
1,603,175 |
1,464,863 |
||||
Cash paid for investment |
642,250 |
1,093,629 |
||||
Net cash paid for acquisition of |
||||||
subsidiaries and other operating entities |
0 |
3,347,715 |
||||
Other cash paid relating to investment activities |
4,898,331 |
5,483,378 |
||||
|
|
|||||
Sub-total of cash outflow from |
||||||
investment activities |
7,143,756 |
11,389,585 |
||||
|
|
|||||
Net cash flows from investment activities |
2,084,383 |
-7,782,957 |
||||
|
|
|||||
III. |
Cash flows from financing activities: |
|||||
Proceeds received from investments |
0 |
0 |
||||
Cash received from borrowings |
22,157,000 |
25,840,000 |
||||
Cash received from issue of debentures |
26,000,000 |
20,000,000 |
||||
Other cash received relating to |
||||||
financing activities |
21,000 |
536,297 |
||||
|
|
|||||
Sub-total of cash inflow from |
||||||
financing activities |
48,178,000 |
46,376,297 |
||||
|
|
|||||
Cash paid for repayment |
43,175,994 |
34,259,600 |
||||
Cash paid for dividend and profit |
||||||
distribution or interest repayment |
3,015,881 |
2,437,947 |
||||
Other cash paid relating to financing activities |
82,500 |
89,265 |
||||
|
|
|||||
Sub-total of cash outflow from |
||||||
financing activities |
46,274,375 |
36,786,812 |
||||
|
|
|||||
Net cash flows from financing activities |
1,903,625 |
9,589,485 |
||||
|
|
|||||
IV. |
Effect on cash and cash equivalents due |
|||||
to change in foreign currency exchange |
||||||
rate |
-96 |
-4,236 |
||||
V. |
Net increase in cash and cash equivalents |
3,389,844 |
2,195,750 |
|||
Add: |
Balance of cash and cash |
|||||
equivalents at the beginning |
||||||
of the period |
4,890,967 |
4,396,234 |
||||
VI. |
Balance of cash and cash equivalents at |
|||||
the end of the period |
8,280,811 |
6,591,984 |
Person-in-charge |
Head of Accounting |
||||||||
Legal Representative: |
of Accounting: |
Department: |
|||||||
Xiong Weiping |
Xie Weizhi |
Lu Dongliang |
|||||||
4.2 |
Audit report |
||||||||
If the quarterly report is audited by the Certified Public Accountant, the contents of such audited report should be disclosed in the appendices. |
|||||||||
Applicable |
Not Applicable |
||
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. Wang Jun (Non-executive Director); 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 |