Aluminum Corporation of China Limited Reports Unaudited Consolidated and Parent Earnings Results for the First Quarter Ended March 31, 2015
Apr 28 15
Aluminum Corporation Of China Limited reported unaudited consolidated and parent earnings results for the first quarter ended March 31, 2015. For the quarter, on consolidated basis, the company reported revenue of RMB 27,388,598,000 compared to RMB 35,241,718,000 a year ago. Operating loss was RMB 303,040,000 compared to RMB 2,347,423,000 a year ago. Net profit was RMB 88,249,000 compared to net loss of RMB 2,233,538,000 a year ago. Net profit attributable to owners of the parent company was RMB 63,071,000 compared to net loss attributable to owners of the parent company of RMB 2,156,527,000 a year ago. Basic and diluted earnings per share was RMB 0.159 compared to basic and diluted loss per share of RMB 0.159 a year ago. Net cash flow used operating activities was RMB 112,741,000 compared to net cash flow from operating activities RMB 154,942,000 a year ago. Cash paid to acquire fixed assets, intangible assets and other long-term assets was RMB 1,835,210,000 compared to RMB 2,008,523,000 a year ago. Weighted average return on net assets was 0.22% compared to negative weighted average return on net assets of 5.10% a year ago.
For the quarter, on parent basis, the company reported operating revenue of RMB 8,662,640,000 compared to RMB 10,226,239,000 a year ago. Operating profit was RMB 1,293,234,000 compared to operating loss of RMB 1,802,783,000 a year ago. Net profit was RMB 1,605,914,000 compared to net loss of RMB 1,725,552,000 a year ago. Net cash flow used in operating activities was 112,741,000 compared to net cash flow for operating activities of RMB 154,942,000 a year ago. Cash paid to acquire fixed assets, intangible assets and other long-term assets was RMB 501,079,000 compared to RMB 561,184,000 a year ago.
Aluminum Corporation Of China Limited, Board Meeting, Apr 28, 2015
Apr 15 15
Aluminum Corporation Of China Limited, Board Meeting, Apr 28, 2015. Agenda: To consider and approve the unaudited quarterly results of the company and its subsidiaries for the three months ended March 31, 2015; to sign agreement on financial services with Aluminum Corporation of China Finance Co., Ltd.; and to consider the proposal of annual upper limits of continuous connected transactions from 2016 to 2018 and renewal of continuous connected transactions.
Aluminum Corporation of China Limited Announces Resignation of Wu Zhenfang as an Independent Non-Executive Director
Apr 2 15
The board of directors of Aluminum Corporation of China Limited announced that, due to being under an investigation by the competent authority, Mr. Wu Zhenfang has resigned as an independent non-executive Director and from relevant positions in the special committees under the Board of the company by submitting a resignation to the Board on April 2, 2015. The resignation became effective from the same day. Henceforth, Mr. Wu will cease to be an independent non-executive Director, a member of the audit committee, a member of the nomination committee, the chairman of the remuneration committee and a member of the developing and planning committee of the company. Wu has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention of the holders of securities of the company.