Aluminum Corporation of China Ltd - Company Profile
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Business Description
Aluminum Corporation of China Ltd (Chalco) is a producer of non-ferrous metals. It carries out the exploration and mining of bauxite, coal, and other resources; production, sales, and technology research of alumina, primary aluminum, aluminum alloy, and carbon products; international trade; logistics services; and electricity generation from coal and new energy. The company serves industries related to aluminum production and energy generation.
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R&D Overview
Chalco has undertaken several R&D initiatives, focusing on innovation in energy-saving technologies and environmentally friendly waste disposal, and promoting their industrial applications. The company is accelerating the expansion of the new energy industry to achieve sustainable energy development. It has strengthened the integration of industry, academia, and research, and has made significant innovative achievements. The company has also established a fine alumina branch, built industrial test lines and analysis platforms, and formed a strong scientific and technological talent team. Additionally, it has implemented a scientific and technological innovation system and strengthened external scientific research cooperation. The R&D unit of the company includes the Zhengzhou Research Institute, which has been approved as a 'National Technology Innovation Demonstration Enterprise.' The unit is responsible for managing the company's R&D activities, focusing on technological innovation and collaboration with external institutions. The company has built two industrial test lines and six analysis and testing platforms. It was granted 519 new patents throughout the year. The company has established four collaborative innovation platforms and two application technology platforms in cooperation with institutions such as universities and external enterprises. In FY2024, it spent CNY3,064.0 million on R&D, which as a percentage of revenue stood at 1.7%.
Business Segments
Overview
Involves mining and purchasing bauxite and other raw materials, refining bauxite into alumina, and selling alumina both internally and externally. Serves industries related to aluminum production and includes the production and sale of refined alumina and gallium.
Performance
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Overview
Includes corporate management, research and development activities and others.
Performance
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Overview
Includes coal mining, electricity generation from coal, wind power, solar power, and new energy equipment production. Serves internal and external energy-consuming customers, with electricity sold to regional power grid corporations.
Performance
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Overview
Involves procuring alumina, raw materials, and electricity to smelt alumina into primary aluminum. Serves industries requiring aluminum products, including Chinalco and its subsidiaries. Produces carbon products and aluminum alloys.
Performance
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Overview
Includes trading of alumina, aluminum fabrication products, primary aluminum, other non-ferrous metal products, and crude fuels such as coal products. Offers logistics and transport services to internal manufacturing plants and external customers in China.
Performance
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Geographical Segments
Performance
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Performance
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