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HKG:2600

9 stories mentioning HKG:2600Updated 17d ago

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Asia

Chalco Posts 68% Surge in H1 Profit

Aluminum Corp. of China (SHA:601600, HKG:2600), or Chalco, reported 11.9 billion yuan in attributable profit for the first half of 2026, up 68% from 7.07 billion yuan a year ago.Earnings per share increased to 0.693 yuan from 0.412 yuan, according to a Thursday filing with the Hong Kong Exchange.Revenue climbed 7.7% to 125.4 billion yuan from 116.4 billion yuan a year earlier.The company will pay an interim dividend of 0.276 yuan per share, to be paid on or before Oct. 23 to shareholders on record as of Sept. 16.

HKG:2600SHA:601600
Asia

Chinalco Boosts Stake in Aluminum Corp. of China

Aluminum Corp. of China (HKG:2600, SHA:601600), also known as Chalco, said its controlling shareholder Chinalco and parties acting in concert have increased their stake in the company by 659 million yuan, according to a Hong Kong filing on Tuesday.Chinalco and its affiliates acquired 77.4 million shares, comprising 47.6 million A-shares and 29.8 million H-shares, through centralized bidding on the Shanghai and Hong Kong stock exchanges.The purchases represent about 0.45% of the company's total issued share capital.Following the purchases, Chinalco and its parties acting in concert held 5.83 billion shares, or about 34.01% of Chalco's total issued share capital.

HKG:2600SHA:601600
Asia

Fitch Upgrades Chalco to 'A-' on Strong Parent, State Support; Outlook Stable

Fitch Ratings upgraded long-term issuer default rating of Aluminum Corp. of China (HKG:2600, SHA:601600), also known as Chalco, to A- from BBB+, citing the upgrade of its parent, Aluminum Corporation of China (Chinalco), and strong operational and strategic ties between the two.The rating outlook is stable.Fitch said Chalco's ratings are equalized with Chinalco's under its parent-subsidiary linkage criteria, reflecting Chinalco's strong incentive to support the company. Chinalco, which owns about 32% of Chalco, is rated A- with a stable outlook and sits one notch below China's sovereign rating due to its strategic role and high likelihood of state support.The ratings agency said Chalco is Chinalco's main operating platform for its aluminium and alumina businesses, contributing about half of the parent's revenue and EBITDA while supplying most of its aluminium fabrication needs.Fitch said the ratings could come under pressure if China's sovereign rating is downgraded, state support for Chinalco weakens, or ties between Chinalco and Chalco diminish. An upgrade would likely require a higher sovereign rating or stronger state support for Chinalco.

HKG:2600SHA:601600
Treasury

Fitch Ratings Upgrades Chinalco's Rating to A-

Fitch Ratings upgraded Aluminum Corporation of China's (Chinalco)'s long-term foreign- and local currency issuer default ratings (IDRs) and senior unsecured rating to A- from 'BBB+.The outlook is stable, according to a Wednesday release from the ratings firm.Ratings on all the bonds guaranteed by Chinalco have also been upgraded to 'A-' from 'BBB+'.The upgrade reflects Fitch's reassessment of Chinalco's government preservation role to Very Strong from Strong in its government-related entity (GRE) score.Fitch also raised Chinalco's Standalone Credit Profile (SCP) to bb+ from bb, driven by an improvement in its financial profile.Chinalco is the parent of Aluminum Corporation of China (HKG:2600, SHA:601600) or Chalco and China Aluminum International Engineering (SHA:601068, HKG:2068) or Chalieco.

Shanghai Composite^SZSEHKG:2068HKG:2600SHA:601068SHA:601600
Asia

Fitch Upgrades Chalco HongKong Rating to A-; Outlook Stable

Fitch Ratings upgraded Chalco HongKong's long-term issuer default rating and senior unsecured rating to 'A-' from 'BBB+' with a stable outlook.The ratings agency said the upgrade follows the higher ratings assigned to the parent Aluminum Corporation of China (HKG:2600, SHA:601600), also known as Chalco, and its ultimate parent, Aluminum Corporation of China (Chinalco).Fitch said Chalco HongKong's ratings reflect its role as Chalco's sole platform for overseas investment and financing, supported by strong strategic and operational links with its parent.Fitch expects Chalco HongKong's EBITDA to remain broadly stable at around $550 million, with net leverage staying at about 1x, excluding the impact of its planned acquisition of Brazil's Companhia Brasileira de Alumínio.

HKG:2600SHA:601600
Asia

Chinalco to Boost Stake in Chalco With Up to 2 Billion Yuan Share Purchase

Controlling shareholder Aluminum Corporation of China (Chinalco) and its concert parties plan to increase their stake in Aluminum Corporation of China (HKG:2600, SHA:601600) or Chalco over the next 12 months, according to a Monday Hong Kong bourse filing.Chinalco will purchase about 1 billion yuan to 2 billion yuan worth of shares across the Hong Kong and Shanghai bourses.The stake increase will not exceed 2% of Chalco's total share capital, and the purchases will be funded through internal or self-raised funds.Chinalco and its concert parties currently hold about 33.55% of Chalco's total share capital. The planned purchases will not change the company's controlling shareholder or de facto controller.Chalco's shares jumped 4% in Shanghai trading, while its Hong Kong-listed shares rose nearly 2% Monday morning.

HKG:2600SHA:601600
Asia

Aluminum of China Expects Up to 73% Rise in H1 Profit

Aluminum of China (SHA:601600, HKG:2600), or Chalco, forecasted first-quarter attributable net profit of between 11.2 billion yuan and 12.2 billion yuan, up between 58% and 73% year on year.The aluminum producer expects basic earnings per share to be between 0.653 yuan and 0.711, according to a Monday filing with the Hong Kong bourse.

HKG:2600SHA:601600
US Markets

Aluminum of China's Q1 Profit Jumps 56% Amid Aluminum Output Boost

Aluminum of China (SHA:601600, HKG:2600), or Chalco, saw its first-quarter attributable profit jump over 50% as aluminum production bolstered despite the ongoing war in Iran.The aluminum producer's Hong Kong shares rose 2% and Shanghai shares rose 1% during the Friday's afternoon trade.Chalco's net profit attributable to shareholders jumped 56% to 5.53 billion yuan from 3.54 billion yuan a year earlier, according to a Hong Kong bourse filing on Thursday.Earnings per share rose 57% to 0.322 yuan from 0.205 yuan.Revenue increased 4.9% to 58.5 billion yuan from 55.8 billion yuan in the prior year.The year-ago figures were adjusted due to the acquisition of a controlling stake in Ningbo Algra Energy. Chalco acquired 56.6% of Algra Energy through its subsidiary, Chalco Zhengzhou Nonferrous Metals Research Institute.Chalco continued to expand its global mineral assets as it agreed to buy 67% of Brazil's Companhia Brasileira de Aluminio. The deal was made with Australia-listed miner Rio Tinto (ASX:RIO), which acquired the remaining 33% of the Brazilian company.Rio Tinto's chief executive officer, Jérôme Pécresse, said the acquisition "provides the opportunity to grow our bauxite and alumina supply chain in the Atlantic region."Moreover, Chalco is likely to benefit from the ongoing Middle East conflict as China's metals and minerals sector made gains from the external changes the disruption brought.China's aluminum output surged after the U.S. and Israel launched attacks against Tehran in March as alumina --- the main raw material for aluminum --- was rerouted to the mainland. Data from the customs showed that alumina imports increased 87% month on month to 338,000 tons in March, almost 30 times higher than a year earlier, according to an April 21 report on Bloomberg News.The closure of the Strait of Hormuz hindered the alumina imports to the Middle East, which accounted for 9% of the global aluminum supply, the report said.

ASX:RIOHKG:2600SHA:601600
Asia

Chalco's Q1 Profit Jumps 56%, Revenue Climbs 5%

Aluminum of China (SHA:601600, HKG:2600), or Chalco, said its net profit attributable to shareholders in the first quarter jumped 56% to 5.53 billion yuan from 3.54 billion yuan, according to a Hong Kong bourse filing on Thursday.The aluminum producer's Hong Kong shares rose 1% during the Friday's morning trade.Earnings per share rose 57% to 0.322 yuan from 0.205 yuan.Revenue increased 4.9% to 58.5 billion yuan from 55.8 billion yuan in the prior year.

HKG:2600SHA:601600

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