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 April 2008.
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 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 April 24, 2008 |
By
/s/ Liu Qiang
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(Stock Code: 2600) OVERSEAS REGULATORY ANNOUNCEMENT | |
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1 |
IMPORTANT NOTICE |
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1.1 |
It is hereby confirmed by the Board of Directors (the "Board"), the Board of Supervisors and the directors, supervisors and senior management of Aluminum Corporation of China Limited (the "Company") that this quarterly report contains no false representation, misleading information or material omission. The Board of the Company jointly and severally accepts full responsibility for the truthfulness, accuracy and completeness of the contents of this quarterly report. |
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1.2 |
All members of the Board attended the board meeting. |
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1.3 |
The financial report of the Company in this quarterly report has not been audited. |
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1.4 |
Mr. Xiao Yaqing, Chairman and Chief Executive Officer of the Company, Mr. Chen Jihua, Chief Financial Officer, and Ou Xiaowu, Head of the Accounting Department have declared that they guarantee the truthfulness and completeness of the financial statements in this quarterly report. |
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2 |
COMPANY PROFILE |
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2.1 |
Principal financial data and indicators |
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Currency: RMB |
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Change as of |
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31 March 2008 |
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As at 31 |
As at 31 |
as compared with |
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March 2008 |
March 2007 |
31 March 2007 |
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(%) |
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Total assets (RMB) |
104,275,988,837.13 |
94,338,362,250.29 |
10.534 |
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Owner's equity (or Shareholders' equity) (RMB) |
59,091,453,232.59 |
57,924,657,871.18 |
2.014 |
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Net assets per share attributable to shareholders of the Company (RMB) |
4.369 |
4.63 |
-5.637 |
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Change as |
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compared with |
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1 January 2008 to |
the same period |
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31 March 2008 |
of 2007 |
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(%) |
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Net cash flow from operating activities (RMB) |
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699,414,016.91 |
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Net cash flow from operating activities per share (RMB) |
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-0.052 |
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Change in |
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the reporting period |
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as compared with |
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1 January 2008 to |
the same period |
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The reporting period |
31 March 2008 |
of 2007 |
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(%) |
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Net profit attributable to shareholders of the Company (RMB) |
1,166,796,227.66 |
1,166,796,227.66 |
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Basic earnings per share (RMB) |
0.0863 |
0.0863 |
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Net profit per Share after deducting extraordinary items (RMB) |
0.1010 |
0.1010 |
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Diluted earnings per share (RMB) |
0.0863 |
0.0863 |
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Return on net assets (fully diluted) (%) |
1.975 |
1.975 |
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Return on net assets after deducting extraordinary items (fully diluted) (%) |
2.313 |
2.313 |
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Amount from 1 January 2008 |
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Extraordinary items |
to 31 March 2008 |
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(RMB) |
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Profit and loss from disposal of non-current assets |
110,887.55 |
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Net non-operating income/expenses other than above items |
249,547,312.56 |
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Income tax impact |
-49,931,640.02 |
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Total |
199,726,560.09 |
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2.2 |
Number of shareholders and the top ten shareholders not subject to trading moratorium as at the end of the reporting period |
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Unit: Share |
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Total number of shareholders as at 31 March 2008 |
771,865 |
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Particulars about the top ten shareholders of tradable shares not subject to trading moratorium |
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Number of tradable |
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shares not subject to |
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trading moratorium |
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held as at |
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Name of shareholders (in full): |
31 March 2008 |
Class of share |
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HKSCC Nominees Limited |
3,939,866,240 |
Overseas listed foreign share |
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Bank of China-Harvest Shanghai Shenzhen 300 Index Securities Investment Fund |
12,226,920 |
RMB denominated ordinary shares |
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Industrial and Commercial Bank of China - Shanghai 50 ETF Securities Investment Fund |
12,162,439 |
RMB denominated ordinary shares |
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Shanxi Aluminum Plant |
7,140,254 |
RMB denominated ordinary shares |
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China Construction Bank - Bosera Yufu Securities Investment Fund |
6,618,728 |
RMB denominated ordinary shares |
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Inner Mongolia Power (group) Co., Ltd. |
4,943,487 |
RMB denominated ordinary shares |
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Agricultural Bank of China - China Post Growth Equity Securities Investment Fund |
4,014,010 |
RMB denominated ordinary shares |
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Bank of China - Wanjia 180 Index Securities Investment Fund |
3,870,023 |
RMB denominated ordinary shares |
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Agricultural Bank of China - Dacheng Shanghai Shenzhen 300 Index Securities Investment Fund |
3,560,529 |
RMB denominated ordinary shares |
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Agricultural Bank of China - Civil Innovation Advance Hybrid Securities Investment Fund |
3,301,789 |
RMB denominated ordinary shares |
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3 |
SIGNIFICANT EVENTS |
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3.1 |
Material changes in major accounting items and financial indicators and the reasons therefor |
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Applicable |
Not Applicable |
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3.2 |
Significant events and their effect and analysis on solutions |
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Applicable |
Not Applicable |
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On 17 March 2008, the Board of the Company approved of the bidding by the Company in an open tender process on the China Beijing Equity Exchange to acquire certain equity interests in five aluminum fabrication plants and one primary aluminum production plant. Currently, the Board has submitted relevant proposals to the extraordinary general meeting to be convened on 9 May 2008 for consideration and approval and the relevant announcement of the general meeting and circular were disclosed on 25 March 2008. Upon approval in the general meeting, the Company will participate in bidding on the China Beijing Equity Exchange. |
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3.3 |
Implementation of undertakings by the Company, its shareholders and de facto controller |
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Applicable |
Not Applicable |
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The undertakings of Chinalco, the controlling shareholder of the Company as at the end of the reporting period mainly included: the undertaking for avoiding competition, i.e., "Following the listing of the Company's shares on the Shanghai Stock Exchange, Chinalco will inject quality aluminum assets (including but not limited to assets and equity interest of aluminum smelting and processing businesses) as and when appropriate into Chalco to facilitate the further improvement of its industry chains." As at the end of 2007, the Company completed the share exchange with Baotou Aluminum Co., Ltd., a listed company engaged in primary aluminum business subordinate to the Company's controlling shareholder. As a result, it became a wholly-owned subsidiary of the Company. On March 17, the Board of Company considered and approved the resolution in respect of the acquisition of Liancheng Aluminum and its relevant aluminum processing businesses. The Board has submitted the relevant proposals to the extraordinary general meeting to be convened on 9 May 2007 for consideration and approval and relevant announcement of the general meeting and circular were disclosed on 25 March 2008. Upon approval in the general meeting, the Company will participate in bidding on the China Beijing Equity Exchange. In addition, in respect of a few competing assets which are not appropriate for immediate disposal by the controlling shareholder due to entitlement disputes, the Company has started discussions to seek a solution with the controlling shareholder regarding businesses related to horizontal competition. |
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3.4 |
Warning on any potential loss in accumulated net profit for the period from the beginning of the year to the end of next reporting period or any material change from the corresponding period of last year and the reason thereof |
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Applicable |
Not Applicable |
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3.5 |
Securities Investment |
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Applicable |
Not Applicable |
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Unit: RMB |
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Initial |
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Shares held as at |
investment |
Book value as at |
Book value as at |
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No. |
Stock Code |
Stock name |
31 March 2008 |
amount |
31 March 2008 |
1 January 2008 |
Ledger |
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(shares) |
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1 |
601601 |
China Pacific Insurance |
300,000 |
348,000 |
22,612,597.02 |
348,000 |
Available for sale financial assets |
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Total |
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- |
348,000 |
22,612,597.02 |
348,000 |
- |
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Note: |
The above equity interest is held by Zunyi Aluminum Co., Ltd., a subsidiary of the Company. Zunyi Aluminum Co., Ltd. acquired 300,000 shares in China Pacific Insurance (Group) Co., Ltd. ("China Pacific Insurance") in 1995 as long-term equity investment and designated them as "available for sale financial assets" as defined by China GAAP. These shares are subject to trading moratorium for one year commencing from China Pacific Insurance's listing on the Shanghai Stock Exchange on 25 December 2007. In addition, no other security investment is required to be disclosed. |
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Aluminum Corporation of China Limited |
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22 April 2008 |
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4 |
APPENDIX |
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4.1 |
Consolidated Balance Sheet |
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As at 31 March 2008 |
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Prepared by: Aluminium Corporation of China Limited |
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Items |
Closing balance |
Opening balance |
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Current assets: |
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Bank balance and cash |
11,966,178,757.99 |
7,802,906,916.17 |
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Clearing provision |
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Interbank lending |
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Trading financial assets |
8,551,661.67 |
8,102,600.00 |
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Notes receivable |
987,830,293.86 |
2,403,876,077.77 |
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Accounts receivable |
1,817,482,414.00 |
571,792,227.04 |
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Prepayments |
2,015,712,415.25 |
1,373,705,260.90 |
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Premiums receivable |
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Reinsurance accounts receivable |
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Reinsurance contracts |
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provision receivable |
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Interest receivable |
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Dividend receivable |
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Other receivables |
303,555,701.93 |
355,718,786.59 |
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Purchases of resold financial assets |
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Inventory |
16,034,279,719.75 |
13,474,140,327.04 |
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Non-current assets due |
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within one year |
51,284,625.54 |
66,646,759.83 |
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Other current assets |
259,485,962.15 |
153,755,446.64 |
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Total current assets |
33,444,361,552.14 |
26,210,644,401.98 |
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Non-current assets: |
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Loans and advances |
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Financial assets available for sale |
40,112,597.02 |
40,112,597.02 |
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Held-to-maturity investment |
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Long-term receivables |
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Long-term investment in equity |
1,345,554,365.20 |
1,190,215,941.51 |
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Investment properties |
108,766,336.34 |
109,201,173.18 |
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Fixed assets |
50,522,365,419.89 |
50,582,865,555.77 |
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Construction in progress |
13,898,860,286.62 |
11,405,647,128.93 |
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Construction materials |
385,495,108.65 |
278,875,583.22 |
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Disposals of fixed assets |
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Biological assets for production |
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Fuel assets |
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Intangible assets |
1,485,411,779.66 |
1,469,767,186.43 |
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Development expenditure |
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Goodwill |
2,330,945,875.24 |
2,330,945,875.24 |
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Long-term deferred expenses |
86,602,775.68 |
87,434,032.14 |
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Deferred income tax assets |
395,512,740.69 |
400,652,774.87 |
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Other non-current assets |
232,000,000.00 |
232,000,000.00 |
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Total non-current assets |
70,831,627,284.99 |
68,127,717,848.31 |
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Total assets |
104,275,988,837.13 |
94,338,362,250.29 |
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Current liabilities: |
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Short-term borrowings |
7,752,199,058.89 |
3,114,640,135.68 |
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Borrowing from PBOC |
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Customer and interbank deposits |
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Interbank borrowing |
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Trading of financial liabilities |
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Notes payable |
101,020,000.00 |
96,510,000.00 |
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Account payables |
3,368,785,353.16 |
3,514,914,815.18 |
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Payments received in advance |
1,964,974,231.31 |
1,052,922,025.54 |
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Sales of repurchased financial assets |
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Fees and commissions payable |
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Staff remuneration payables |
348,551,525.36 |
425,014,053.61 |
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Taxes payable |
604,950,301.03 |
729,216,974.16 |
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Interest payable |
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Dividend payable |
2,315,912.53 |
21,627,309.09 |
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Other payables |
3,533,783,057.04 |
4,497,557,559.16 |
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Reinsurance accounts payable |
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Insurance contract reserve |
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Payment for agent of trading securities |
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Payment for agent of underwriting securities |
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Non-current liabilities due within one year |
2,603,420,107.99 |
2,194,022,069.06 |
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Other current liabilities |
5,419,317,643.63 |
3,205,457,067.81 |
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Total current liabilities |
25,699,317,190.94 |
18,851,882,009.29 |
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Non-current liabilities: |
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Long-term borrowing |
13,375,884,744.31 |
12,139,260,042.98 |
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Bonds payable |
2,052,220,000.01 |
2,029,182,500.00 |
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Long-term payables |
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Special payables |
88,100,000.00 |
88,000,000.00 |
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Accrued Liabilities |
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Deferred income tax liabilities |
173,404,289.49 |
172,460,344.63 |
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Other non-current liabilities |
67,297,358.00 |
60,297,358.00 |
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Total non-current liabilities |
15,756,906,391.81 |
14,489,200,245.61 |
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Total liabilities |
41,456,223,582.75 |
33,341,082,254.90 |
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Owner's equity (or shareholders' equity): |
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Paid-up capital (or share capital) |
13,524,487,892.00 |
13,524,487,892.00 |
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Capital reserve |
15,047,141,293.12 |
15,047,141,293.12 |
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Less: Treasury stock |
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Surplus reserve |
5,719,085,176.13 |
5,719,085,176.13 |
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Preparations for general risks |
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Undistributed profit |
24,810,785,572.93 |
23,623,896,808.34 |
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Difference from translation of foreign currency statement |
-10,046,701.59 |
10,046,701.59 |
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Total equity attributable to the equity holders of the Company |
59,091,453,232.59 |
57,924,657,871.18 |
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Minority interests |
3,728,312,021.79 |
3,072,622,124.21 |
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Total owner's equity |
62,819,765,254.38 |
60,997,279,995.39 |
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Total liabilities and owner's equity |
104,275,988,837.13 |
94,338,362,250.29 |
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Company Legal Representative: |
Person-in-charge of accounting: |
Head of Accounting Department: |
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Xiao Yaqing |
Chen Jihua |
Ou Xiaowu |
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Balance Sheet of the Company |
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As at 31 March 2008 |
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Prepared by: Aluminium Corporation of China Limited |
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Items |
Closing balance |
Opening balance |
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Current assets: |
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Bank balance and cash |
7,724,048,210.50 |
5,121,705,299.56 |
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Trading financial assets |
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Notes receivable |
486,080,700.30 |
1,539,934,767.09 |
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Accounts receivable |
2,592,695,392.55 |
1,121,608,536.67 |
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Prepayments |
390,402,200.78 |
370,447,718.05 |
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Interest receivable |
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Dividend receivable |
10,627,624.52 |
4,656,000.37 |
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Other receivables |
1,462,339,939.96 |
1,432,617,086.71 |
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Inventory |
9,737,574,824.93 |
9,654,909,046.85 |
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Non-current assets due within one year |
51,284,625.54 |
48,646,759.83 |
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Other current assets |
115,829,664.17 |
47,450,838.84 |
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Total current assets |
22,570,883,183.25 |
19,341,976,053.97 |
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Non-current assets: |
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Financial assets available for sale |
7,000,000.00 |
7,000,000.00 |
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Held-to-maturity investment |
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Long-term receivables |
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Long-term equity investment |
9,577,897,720.11 |
8,289,413,828.46 |
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Investment properties |
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Fixed assets |
37,725,384,599.95 |
38,161,236,861.35 |
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Construction-in-progress |
10,896,053,400.59 |
7,354,009,579.55 |
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Construction materials |
175,058,467.49 |
155,135,869.36 |
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Disposal of fixed asset |
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Biological assets for production |
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Fuel assets |
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Intangible assets |
571,938,241.38 |
596,147,137.68 |
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Development expenditure |
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Goodwill |
2,330,945,875.24 |
2,330,945,875.24 |
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Long-term deferred expenses |
46,572,980.90 |
85,657,942.95 |
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Deferred income tax assets |
244,832,700.81 |
273,870,089.94 |
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Other non-current assets |
232,000,000.00 |
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Total non-current assets |
61,807,683,986.47 |
57,253,417,184.53 |
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Total assets |
84,378,567,169.72 |
76,595,393,238.50 |
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Current liabilities: |
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Short-term borrowings |
3,100,000,000.00 |
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Trading of financial liabilities |
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Notes payable |
101,010,000.00 |
36,500,000.00 |
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Account Payables |
2,136,042,532.91 |
2,792,863,649.04 |
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Payments received in advance |
384,467,098.38 |
549,703,650.42 |
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Staff remuneration payables |
133,674,175.41 |
213,800,288.37 |
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Taxes payable |
636,325,916.90 |
504,634,856.84 |
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Interest payable |
|
|
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Dividend payable |
|
19,414,500.00 |
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Other payables |
2,921,737,257.34 |
3,818,730,264.24 |
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Non-current liabilities due within one year |
5,253,603,606.56 |
3,143,393,462.41 |
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Other current liabilities |
16,279,958,987.50 |
12,628,979,071.32 |
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Total current liabilities |
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|
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Non-current liabilities: |
|
|
|
Long-term borrowing |
8,617,194,000.00 |
5,294,354,000.00 |
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Bonds payable |
2,052,220,000.01 |
2,029,182,500.00 |
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Long-term payables |
|
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Special payables |
88,000,000.00 |
88,000,000.00 |
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Provisions for payables |
|
|
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Deferred income tax liabilities |
147,143,985.11 |
147,143,985.11 |
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Other non-current liabilities |
61,257,358.00 |
60,297,358.00 |
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Total non-current liabilities |
10,965,815,343.12 |
7,618,977,843.11 |
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Total liabilities |
27,245,774,330.62 |
20,247,956,914.43 |
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Owner's equity (or shareholders' equity): |
|
|
|
Paid-up capital (or share capital) |
13,524,487,892.00 |
13,524,487,892.00 |
|
Capital reserve |
15,427,188,592.18 |
15,524,246,116.50 |
|
Less: Treasury stock |
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|
|
Surplus Reserve |
5,719,085,176.13 |
5,719,085,176.13 |
|
Undistributed profit |
22,462,031,178.79 |
21,579,617,139.44 |
|
Total owner's (or shareholders') equity |
57,132,792,839.10 |
56,347,436,324.07 |
|
|
|
|
|
Total liabilities and Owner's equity (or shareholders' equity) |
84,378,567,169.72 |
76,595,393,238.50 |
|
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|
|
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Company Legal Representative: |
Person-in-charge of accounting: |
Head of Accounting Department: |
|
Xiao Yaqing |
Chen Jihua |
Ou Xiaowu |
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|
4.2 |
Consolidated income statement |
|
January-March 2008 |
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Unit: RMB Unaudited |
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Amount for |
Amount for the |
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Items |
the period |
previous period |
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I. |
Total revenue from operations |
15,227,471,443.03 |
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Including: revenue from operations |
15,227,471,443.03 |
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Interest income |
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Premiums earned |
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Income from fee and commission |
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II. |
Total cost of operations |
13,387,687,822.33 |
|
|
|
Including: cost of operations |
12,340,825,807.41 |
|
|
|
Interest payments |
|
|
|
|
Fee and commission expenses |
|
|
|
|
Surrender value |
|
|
|
|
Net expenditure for compensation Payments |
|
|
|
|
Net drawing on provision for insurance contracts |
|
|
|
|
Expenditures for insurance policy dividend |
|
|
|
|
Reinsurance costs |
|
|
|
|
Business tax and surcharge |
83,773,446.86 |
|
|
|
Selling expenses |
256,342,436.86 |
|
|
|
Administrative expenses |
469,959,004.24 |
|
|
|
Finance expenses |
238,331,719.09 |
|
|
|
Impairment loss |
-1,544,592.13 |
|
|
|
Add: |
Gain from change in fair value (loss is represented by "-") |
376,250.02 |
|
|
|
Including: |
Gains from investment in associates and joint venture |
66,262,152.45 |
|
|
|
|
Gains from foreign currencies exchange (loss is represented by "-") |
61,456,148.72 |
|
|
|
|
|
|
|
|
III. |
Operating profit (loss is represented by "-") |
1,906,422,023.17 |
|
|
|
Add: |
Non-operating income |
74,426,452.22 |
|
|
|
Less: |
Non-operating expenses |
324,084,652.33 |
|
|
|
Including: |
Net loss from disposal of non-current assets |
655,594.55 |
|
|
|
|
|
|
|
|
IV. |
Total profit (loss is represented by "-") |
1,656,763,823.06 |
|
|
|
Less: |
Income tax |
343,286,248.10 |
|
|
|
|
|
|
|
|
V. |
Net profit (loss is represented by "-") |
1,313,477,574.96 |
|
|
|
Net profit attributable to the Company |
1,166,796,227.66 |
|
|
|
Minority interests |
146,681,347.30 |
|
|
|
|
|
|
|
VI. |
Earnings per share (RMB): |
|
|
|
|
i) |
Basic earnings per share |
0.0863 |
|
|
|
ii) |
Diluted earnings per share |
0.0863 |
|
|
|
|
|
|
|
|
The net profit of the acquiree achieved before the acquisition date is RMB under the business combination under common control during the period. |
|
|
|
Company Legal Representative: |
Person-in-charge of accounting: |
Head of Accounting Department: |
|
Xiao Yaqing |
Chen Jihua |
Ou Xiaowu |
|
|
|
|
|
Income statement of the Company |
|
January-March 2008 |
|
|
|
Unit: RMB Unaudited |
|
|
|
|
Amount for |
Amount for the |
|
|
the period |
previous period |
|
Items |
(January-March) |
(January-March) |
|
|
|
|
|
1. |
Turnover |
10,316,290,145.28 |
|
|
|
Less: Cost of goods sold |
8,384,854,913.62 |
|
|
|
Business tax and surcharge |
62,816,086.32 |
|
|
|
Selling expenses |
170,355,604.51 |
|
|
|
Administrative expenses |
344,943,756.44 |
|
|
|
Finance expenses |
107,475,886.30 |
|
|
|
Impairment loss |
1,500,842.44 |
|
|
|
Impairment loss |
1,500,842.44 |
|
|
|
Add: |
Gain from change in fair value (loss is represented by "-") |
|
|
|
|
|
Gain from investment (loss is represented by "-") |
122,169,418.68 |
|
|
|
Including: |
Gains from investment in associates and joint ventures |
118,210,638.86 |
|
|
|
|
|
|
|
|
II. |
Operating profit (loss is represented by "-") |
1,369,514,159.21 |
|
|
|
Add: |
Non-operating income |
60,482,003.14 |
|
|
|
Less: |
Non-operating expenses |
283,758,641.22 |
|
|
|
Including: |
Net loss from disposal of non-current assets |
|
|
|
|
|
|
|
|
|
III. |
Total profit (loss is represented by "-") |
1,146,237,521.13 |
|
|
|
Less: |
Income tax |
263,823,481.78 |
|
|
|
|
|
|
|
|
IV. |
Net profit (loss is represented by "-") |
882,414,039.35 |
|
|
|
|
|
|
|
Company Legal Representative: |
Person-in-charge of accounting: |
Head of Accounting Department: |
|
Xiao Yaqing |
Chen Jihua |
Ou Xiaowu |
|
|
|
|
4.3 |
Consolidated Cash Flow Statement |
|
January-March 2008 |
|
|
|
Unit: RMB Unaudited |
|
|
|
|
Amount for |
Amount for |
|
|
the period |
the previous period |
|
Items |
(January-March) |
(January-March) |
|
|
|
|
|
1. |
Cash flow from operating activities: |
|
|
|
|
Cash received from sale of goods and provision of services |
25,109,908,514.82 |
|
|
|
Net increase in customer and interbank deposits |
|
|
|
|
Net increase in borrowings from PBOC |
|
|
|
|
Net increase in borrowings from other financial institutions |
|
|
|
|
Cash received from premiums under original insurance contract |
|
|
|
|
Net cash received from reinsurance business |
|
|
|
|
Net increase in deposits of policy holders and investment |
|
|
|
|
Net increase in disposal of trading financial assets |
|
|
|
|
Cash received from interest, fees and commissions |
|
|
|
|
Net increase in borrowings |
|
|
|
|
Net increase in income from repurchase business |
|
|
|
|
Tax rebates |
|
|
|
|
Other cash received from activities related to operation |
217,590,417.09 |
|
|
|
Sub-total of cash inflow from operating activities |
25,327,498,931.91 |
|
|
|
Cash paid for goods purchased and service rendered |
23,363,045,041.11 |
|
|
|
Net increase in customer loans and advances |
|
|
|
|
Net increase in deposit in PBOC and interbank deposits |
|
|
|
|
Cash paid for compensation payments under original insurance contract |
|
|
|
|
Cash paid for interest, fee and commission |
|
|
|
|
Cash paid for insurance policy dividend |
|
|
|
|
Cash paid to and on behalf of employee |
444,101,559.12 |
|
|
|
Taxes payments |
1,454,871,556.62 |
|
|
|
Other cash paid for activities related to operation |
764,894,791.97 |
|
|
|
Sub-total of Cash outflow from operating activities |
26,026,912,948.82 |
|
|
|
Net cash flow from operating activities |
-699,414,016.91 |
|
|
|
|
|
|
|
2. |
Cash flow from investment activities: |
|
|
|
|
Cash received from investment |
|
|
|
|
Cash received from gains in investment |
4,733,192.09 |
|
|
|
Net cash received from disposal of fixed assets, intangible assets and other long term assets |
2,474,648.36 |
|
|
|
Net cash received from disposal of subsidiaries and other operating entities |
|
|
|
|
Other cash received from activities related to investment |
44,057,748.26 |
|
|
|
Sub-total of cash inflow from investment activities |
51,265,588.71 |
|
|
|
Cash paid for purchase of fixed assets, intangible assets and other long term assets |
4,226,751,134.27 |
|
|
|
Cash paid for investment |
353,883,140.25 |
|
|
|
Net increase in pledged loans |
|
|
|
|
Net cash paid for acquiring subsidiaries and other operating entities |
|
|
|
|
Other cash paid for activities related to investment |
|
|
|
|
Sub-total of cash outflow from investment activities |
4,580,634,274.52 |
|
|
|
Net cash flow from investment activities |
-4,529,368,685.81 |
|
|
|
|
|
|
|
3. |
Cash flow from financing activities: |
|
|
|
|
Proceeds received from investments |
555,444,042.21 |
|
|
|
Including: Proceeds received by subsidiaries from minority shareholders' investment |
555,444,042.21 |
|
|
|
Cash received from borrowings |
7,210,359,058.89 |
|
|
|
Cash received from issuing bonds |
3,011,037,500.01 |
|
|
|
Other cash received from financing-related activities |
|
|
|
|
Sub-total of cash inflow from financing activities |
10,776,840,601.11 |
|
|
|
Cash paid for repayment |
931,300,136.00 |
|
|
|
Cash paid for dividend and profit distribution or interest repayment |
453,485,920.57 |
|
|
|
Including: Dividend and profit paid by subsidiaries to minority shareholders |
46,435,491.93 |
|
|
|
Other cash paid for financing-related activities |
|
|
|
|
Sub-total of cash outflow from financing activities |
1,384,786,056.57 |
|
|
|
Net cash flow from financing activities |
9,392,054,544.54 |
|
|
|
|
|
|
|
4. |
Impast of fluctuations in exchange rates on cash and cash equivalents |
|
|
|
|
|
|
|
|
5. |
Net increase in cash and cash equivalents |
4,163,271,841.82 |
|
|
|
Add: Balance of cash and cash equivalents at the beginning of the period |
7,802,906,916.17 |
|
|
|
|
|
|
|
6. |
Balance of cash and cash equivalents at the end of the period |
11,966,178,757.99 |
|
|
|
|
|
|
|
Company Legal Representative: |
Person-in-charge of accounting: |
Head of Accounting Department: |
|
Xiao Yaqing |
Chen Jihua |
Ou Xiaowu |
|
|
|
|
|
Cash Flow Statement of the Company |
|
January-March 2008 |
|
|
|
Unit: RMB Unaudited |
|
|
|
|
Amount for |
Amount for |
|
|
the period |
the previous period |
|
Items |
(January-March) |
(January-March) |
|
|
|
|
|
1. |
Cash flow from operating activities: |
|
|
|
|
Cash received from sale of goods and provision of services |
11,808,075,494.62 |
|
|
|
Tax rebates |
|
|
|
|
Other cash received from activities related to operation |
61,081,672.82 |
|
|
|
Sub-total of cash inflow from operating activities |
11,869,157,167.44 |
|
|
|
Cash paid for goods purchased and service rendered |
9,796,006,187.70 |
|
|
|
Cash paid to or paid for employee |
445,800,288.37 |
|
|
|
Taxes paid |
874,524,010.76 |
|
|
|
Other cash paid for activities related to operation |
594,649,778.75 |
|
|
|
Cash outflow from operating activities |
11,710,980,265.58 |
|
|
|
Net cash flow from operating activities |
158,176,901.86 |
|
|
|
|
|
|
|
2. |
Cash flow from investment activities: |
|
|
|
|
Cash received from investment |
90,000,000.00 |
|
|
|
Cash received from return on investment |
54,741,646.23 |
|
|
|
Net cash received from disposal of fixed assets, intangible assets and other long term assets |
44,884,256.06 |
|
|
|
Net cash received from disposal of subsidiaries and other operating entities |
|
|
|
|
Other cash received from activities related to investment |
2,922,453,244.09 |
|
|
|
Sub-total of cash inflow from investment activities |
3,112,079,146.38 |
|
|
|
Cash paid for purchase of fixed assets, intangible assets and other long term assets |
4,580,901,065.36 |
|
|
|
Cash paid for investment |
1,110,061,065.11 |
|
|
|
Net cash paid for acquiring subsidiaries and other operating entities |
50,782,865.99 |
|
|
|
Other cash paid for activities related to investment |
|
|
|
|
Sub-total of cash outflow from investment activities |
5,741,744,996.46 |
|
|
|
Net cash flow from investment activities |
-2,629,665,850.08 |
|
|
|
|
|
|
|
3. |
Cash flow from financing activities: |
|
|
|
|
Proceeds received from financing activities |
|
|
|
|
Cash received from borrowings |
3,451,000,000.00 |
|
|
|
Other cash received from financing-related activities |
2,015,037,500.01 |
|
|
|
Sub-total of cash inflow from financing activities |
5,466,037,500.01 |
|
|
|
Cash paid for repayment |
65,000,000.00 |
|
|
|
Cash paid for dividend and profit distribution or interest repayment |
327,205,640.85 |
|
|
|
Other cash paid for financing-related activities |
|
|
|
|
Sub-total of cash outflow from financing activities |
392,205,640.85 |
|
|
|
Net cash flow from financing activities |
5,073,831,859.16 |
|
|
|
|
|
|
|
4. |
Impact of fluctuations in exchange rates on cash and cash equivalents |
|
|
|
|
|
|
|
|
5. |
Net increase in cash and cash equivalents |
2,602,342,910.94 |
|
|
|
Add: Balance of cash and cash equivalents at the beginning of the period |
5,121,705,299.56 |
|
|
|
|
|
|
|
6. |
Balance of cash and cash equivalents at the end of the period |
7,724,048,210.50 |
|
|
|
|
|
|
|
Company Legal Representative: |
Person-in-charge of accounting: |
Head of Accounting Department: |
|
Xiao Yaqing |
Chen Jihua |
Ou Xiaowu |
|
|
|
|
|
By order of the Board of |
|
|
Beijing, PRC As at the date of this announcement, the members of the Board comprise Mr. Xiao Yaqing, Mr. Luo Jianchuan., Mr. Chen Jihua and Mr. Liu Xiangmin (Executive Directors); Mr. Shi Chungui (Non-executive Director); Mr. Poon Yiu Kin, Samuel, Mr. Kang Yi and Mr. Zhang Zhuoyuan (Independent Non-executive Directors). * For identification purpose only. |
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.chinalco.com.cn |
* |
Contact person: Liu Qiang, Company Secretary |