6-kAnnouncement

1934 ACT FILE NO. 001-15264


SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________

FORM 6-K
___________________

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934

For the month of April 2008.
___________________

Aluminum Corporation of China Limited
(Translation of Registrant's name into English)
___________________

No. 62 North Xizhimen Street
Haidian District, Beijing
People's Republic of China 100082

(Address of principal executive offices)
___________________

         [Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.]

Form 20-F      X       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.]

Yes                No      X      

         [If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-              ]


SIGNATURES

          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                     
Name: Liu Qiang
Title: Company Secretary



logo
logo
Aluminum Corporation of China Limited*
(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 2600)

OVERSEAS REGULATORY ANNOUNCEMENT
2008 FIRST QUARTERLY REPORT

 

1

IMPORTANT NOTICE

 

 

 

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.

 

 

 

 

1.2

All members of the Board attended the board meeting.

 

 

 

 

1.3

The financial report of the Company in this quarterly report has not been audited.

 

 

 

 

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.

 

 

 

2

COMPANY PROFILE

 

 

2.1

Principal financial data and indicators

 

 

 

Currency: RMB

 

 

 

 

 

 

Change as of

 

 

 

 

31 March 2008

 

 

As at 31

As at 31

as compared with

 

 

March 2008

March 2007

31 March 2007

 

 

 

 

(%)

 

 

 

 

 

 

Total assets (RMB)

104,275,988,837.13

94,338,362,250.29

10.534

 

Owner's equity (or Shareholders' equity) (RMB)

59,091,453,232.59

57,924,657,871.18

2.014

 

Net assets per share attributable to shareholders of the Company (RMB)

4.369

4.63

-5.637

 

 

 

 

 

 

 

 

 

Change as

 

 

 

 

compared with

 

 

 

1 January 2008 to

the same period

 

 

 

31 March 2008

of 2007

 

 

 

 

(%)

 

 

 

 

 

 

Net cash flow from operating activities (RMB)

 

699,414,016.91

 

 

Net cash flow from operating activities per share (RMB)

 

-0.052

 

 

 

 

 

 

 

 

 

 

Change in

 

 

 

 

the reporting period

 

 

 

 

as compared with

 

 

 

1 January 2008 to

the same period

 

 

The reporting period

31 March 2008

of 2007

 

 

 

 

(%)

 

 

 

 

 

 

Net profit attributable to shareholders of the Company (RMB)

1,166,796,227.66

1,166,796,227.66

 

 

Basic earnings per share (RMB)

0.0863

0.0863

 

 

Net profit per Share after deducting extraordinary items (RMB)

0.1010

0.1010

 

 

Diluted earnings per share (RMB)

0.0863

0.0863

 

 

Return on net assets (fully diluted) (%)

1.975

1.975

 

 

Return on net assets after deducting extraordinary items (fully diluted) (%)

2.313

2.313

 

 

 

 

 

 

 

 

Amount from 1 January 2008

 

Extraordinary items

to 31 March 2008

 

 

(RMB)

 

 

 

 

Profit and loss from disposal of non-current assets

110,887.55

 

Net non-operating income/expenses other than above items

249,547,312.56

 

Income tax impact

-49,931,640.02

 

 


 

 

 

 

Total

199,726,560.09

 

 


 

 

 

2.2

Number of shareholders and the top ten shareholders not subject to trading moratorium as at the end of the reporting period

 

 

 

Unit: Share

 

 

 

Total number of shareholders as at 31 March 2008

771,865

 

 

 

 

Particulars about the top ten shareholders of tradable shares not subject to trading moratorium

 

 

 

 

Number of tradable

 

 

 

shares not subject to

 

 

 

trading moratorium

 

 

 

held as at

 

 

Name of shareholders (in full):

31 March 2008

Class of share

 

 

 

 

 

HKSCC Nominees Limited

3,939,866,240

Overseas listed foreign share

 

Bank of China-Harvest Shanghai Shenzhen 300 Index Securities Investment Fund

12,226,920

RMB denominated ordinary shares

 

Industrial and Commercial Bank of China - Shanghai 50 ETF Securities Investment Fund

12,162,439

RMB denominated ordinary shares

 

Shanxi Aluminum Plant

7,140,254

RMB denominated ordinary shares

 

China Construction Bank - Bosera Yufu Securities Investment Fund

6,618,728

RMB denominated ordinary shares

 

Inner Mongolia Power (group) Co., Ltd.

4,943,487

RMB denominated ordinary shares

 

Agricultural Bank of China - China Post Growth Equity Securities Investment Fund

4,014,010

RMB denominated ordinary shares

 

Bank of China - Wanjia 180 Index Securities Investment Fund

3,870,023

RMB denominated ordinary shares

 

Agricultural Bank of China - Dacheng Shanghai Shenzhen 300 Index Securities Investment Fund

3,560,529

RMB denominated ordinary shares

 

Agricultural Bank of China - Civil Innovation Advance Hybrid Securities Investment Fund

3,301,789

RMB denominated ordinary shares

 

 

 

 

3

SIGNIFICANT EVENTS

 

 

3.1

Material changes in major accounting items and financial indicators and the reasons therefor

 

 

 

Applicable

Not Applicable

 

 

 

3.2

Significant events and their effect and analysis on solutions

 

 

 

Applicable

Not Applicable

 

 

 

 

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.

 

 

3.3

Implementation of undertakings by the Company, its shareholders and de facto controller

 

 

 

Applicable

Not Applicable

 

 

 

 

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.

 

 

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

 

 

 

Applicable

Not Applicable

 

 

 

3.5

Securities Investment

 

 

 

Applicable

Not Applicable

 

 

 

 

Unit: RMB

 

 

 

 

 

 

 

Initial

 

 

 

 

 

 

 

Shares held as at

investment

Book value as at

Book value as at

 

 

No.

Stock Code

Stock name

31 March 2008

amount

31 March 2008

1 January 2008

Ledger

 

 

 

 

(shares)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

601601

China Pacific Insurance

300,000

348,000

22,612,597.02

348,000

Available for sale financial assets

 

Total

 

 

-

348,000

22,612,597.02

348,000

-

 

 

 

 

 

 

 

 

 

 

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.

 

 

 

 

Aluminum Corporation of China Limited
Legal representative: Xiao Yaqing

 

 

22 April 2008

 

4

APPENDIX

 

 

4.1

Consolidated Balance Sheet

 

As at 31 March 2008

 

 

 

Prepared by: Aluminium Corporation of China Limited
Unit: RMB, Unaudited

 

 

 

Items

Closing balance

Opening balance

 

 

 

 

 

Current assets:

 

 

 

Bank balance and cash

11,966,178,757.99

7,802,906,916.17

 

Clearing provision

 

 

 

Interbank lending

 

 

 

Trading financial assets

8,551,661.67

8,102,600.00

 

Notes receivable

987,830,293.86

2,403,876,077.77

 

Accounts receivable

1,817,482,414.00

571,792,227.04

 

Prepayments

2,015,712,415.25

1,373,705,260.90

 

Premiums receivable

 

 

 

Reinsurance accounts receivable

 

 

 

Reinsurance contracts

 

 

 

provision receivable

 

 

 

Interest receivable

 

 

 

Dividend receivable

 

 

 

Other receivables

303,555,701.93

355,718,786.59

 

Purchases of resold financial assets

 

 

 

Inventory

16,034,279,719.75

13,474,140,327.04

 

Non-current assets due

 

 

 

within one year

51,284,625.54

66,646,759.83

 

Other current assets

259,485,962.15

153,755,446.64

 

Total current assets

33,444,361,552.14

26,210,644,401.98

 

 

 

 

 

Non-current assets:

 

 

 

Loans and advances

 

 

 

Financial assets available for sale

40,112,597.02

40,112,597.02

 

Held-to-maturity investment

 

 

 

Long-term receivables

 

 

 

Long-term investment in equity

1,345,554,365.20

1,190,215,941.51

 

Investment properties

108,766,336.34

109,201,173.18

 

Fixed assets

50,522,365,419.89

50,582,865,555.77

 

Construction in progress

13,898,860,286.62

11,405,647,128.93

 

Construction materials

385,495,108.65

278,875,583.22

 

Disposals of fixed assets

 

 

 

Biological assets for production

 

 

 

Fuel assets

 

 

 

Intangible assets

1,485,411,779.66

1,469,767,186.43

 

Development expenditure

 

 

 

Goodwill

2,330,945,875.24

2,330,945,875.24

 

Long-term deferred expenses

86,602,775.68

87,434,032.14

 

Deferred income tax assets

395,512,740.69

400,652,774.87

 

Other non-current assets

232,000,000.00

232,000,000.00

 

Total non-current assets

70,831,627,284.99

68,127,717,848.31

 

Total assets

104,275,988,837.13

94,338,362,250.29

 

 

 

 

 

Current liabilities:

 

 

 

Short-term borrowings

7,752,199,058.89

3,114,640,135.68

 

Borrowing from PBOC

 

 

 

Customer and interbank deposits

 

 

 

Interbank borrowing

 

 

 

Trading of financial liabilities

 

 

 

Notes payable

101,020,000.00

96,510,000.00

 

Account payables

3,368,785,353.16

3,514,914,815.18

 

Payments received in advance

1,964,974,231.31

1,052,922,025.54

 

Sales of repurchased financial assets

 

 

 

Fees and commissions payable

 

 

 

Staff remuneration payables

348,551,525.36

425,014,053.61

 

Taxes payable

604,950,301.03

729,216,974.16

 

Interest payable

 

 

 

Dividend payable

2,315,912.53

21,627,309.09

 

Other payables

3,533,783,057.04

4,497,557,559.16

 

Reinsurance accounts payable

 

 

 

Insurance contract reserve

 

 

 

Payment for agent of trading securities

 

 

 

Payment for agent of underwriting securities

 

 

 

Non-current liabilities due within one year

2,603,420,107.99

2,194,022,069.06

 

Other current liabilities

5,419,317,643.63

3,205,457,067.81

 

Total current liabilities

25,699,317,190.94

18,851,882,009.29

 

 

 

 

 

Non-current liabilities:

 

 

 

Long-term borrowing

13,375,884,744.31

12,139,260,042.98

 

Bonds payable

2,052,220,000.01

2,029,182,500.00

 

Long-term payables

 

 

 

Special payables

88,100,000.00

88,000,000.00

 

Accrued Liabilities

 

 

 

Deferred income tax liabilities

173,404,289.49

172,460,344.63

 

Other non-current liabilities

67,297,358.00

60,297,358.00

 

Total non-current liabilities

15,756,906,391.81

14,489,200,245.61

 

Total liabilities

41,456,223,582.75

33,341,082,254.90

 

 

 

 

 

Owner's equity (or shareholders' equity):

 

 

 

Paid-up capital (or share capital)

13,524,487,892.00

13,524,487,892.00

 

Capital reserve

15,047,141,293.12

15,047,141,293.12

 

Less: Treasury stock

 

 

 

Surplus reserve

5,719,085,176.13

5,719,085,176.13

 

Preparations for general risks

 

 

 

Undistributed profit

24,810,785,572.93

23,623,896,808.34

 

Difference from translation of foreign currency statement

-10,046,701.59

10,046,701.59

 

Total equity attributable to the equity holders of the Company

59,091,453,232.59

57,924,657,871.18

 

Minority interests

3,728,312,021.79

3,072,622,124.21

 

Total owner's equity

62,819,765,254.38

60,997,279,995.39

 

Total liabilities and owner's equity

104,275,988,837.13

94,338,362,250.29

 

 

 

 

 

Company Legal Representative:

Person-in-charge of accounting:

Head of Accounting Department:

 

Xiao Yaqing

Chen Jihua

Ou Xiaowu

 

 

 

 

 

Balance Sheet of the Company

 

As at 31 March 2008

 

 

 

Prepared by: Aluminium Corporation of China Limited
Unit: RMB, Unaudited

 

 

 

Items

Closing balance

Opening balance

 

 

 

 

 

Current assets:

 

 

 

Bank balance and cash

7,724,048,210.50

5,121,705,299.56

 

Trading financial assets

 

 

 

Notes receivable

486,080,700.30

1,539,934,767.09

 

Accounts receivable

2,592,695,392.55

1,121,608,536.67

 

Prepayments

390,402,200.78

370,447,718.05

 

Interest receivable

 

 

 

Dividend receivable

10,627,624.52

4,656,000.37

 

Other receivables

1,462,339,939.96

1,432,617,086.71

 

Inventory

9,737,574,824.93

9,654,909,046.85

 

Non-current assets due within one year

51,284,625.54

48,646,759.83

 

Other current assets

115,829,664.17

47,450,838.84

 

Total current assets

22,570,883,183.25

19,341,976,053.97

 

 

 

 

 

Non-current assets:

 

 

 

Financial assets available for sale

7,000,000.00

7,000,000.00

 

Held-to-maturity investment

 

 

 

Long-term receivables

 

 

 

Long-term equity investment

9,577,897,720.11

8,289,413,828.46

 

Investment properties

 

 

 

Fixed assets

37,725,384,599.95

38,161,236,861.35

 

Construction-in-progress

10,896,053,400.59

7,354,009,579.55

 

Construction materials

175,058,467.49

155,135,869.36

 

Disposal of fixed asset

 

 

 

Biological assets for production

 

 

 

Fuel assets

 

 

 

Intangible assets

571,938,241.38

596,147,137.68

 

Development expenditure

 

 

 

Goodwill

2,330,945,875.24

2,330,945,875.24

 

Long-term deferred expenses

46,572,980.90

85,657,942.95

 

Deferred income tax assets

244,832,700.81

273,870,089.94

 

Other non-current assets

232,000,000.00

 

 

Total non-current assets

61,807,683,986.47

57,253,417,184.53

 

Total assets

84,378,567,169.72

76,595,393,238.50

 

 

 

 

 

Current liabilities:

 

 

 

Short-term borrowings

3,100,000,000.00

 

 

Trading of financial liabilities

 

 

 

Notes payable

101,010,000.00

36,500,000.00

 

Account Payables

2,136,042,532.91

2,792,863,649.04

 

Payments received in advance

384,467,098.38

549,703,650.42

 

Staff remuneration payables

133,674,175.41

213,800,288.37

 

Taxes payable

636,325,916.90

504,634,856.84

 

Interest payable

 

 

 

Dividend payable

 

19,414,500.00

 

Other payables

2,921,737,257.34

3,818,730,264.24

 

Non-current liabilities due within one year

5,253,603,606.56

3,143,393,462.41

 

Other current liabilities

16,279,958,987.50

12,628,979,071.32

 

Total current liabilities

 

 

 

 

 

 

 

Non-current liabilities:

 

 

 

Long-term borrowing

8,617,194,000.00

5,294,354,000.00

 

Bonds payable

2,052,220,000.01

2,029,182,500.00

 

Long-term payables

 

 

 

Special payables

88,000,000.00

88,000,000.00

 

Provisions for payables

 

 

 

Deferred income tax liabilities

147,143,985.11

147,143,985.11

 

Other non-current liabilities

61,257,358.00

60,297,358.00

 

Total non-current liabilities

10,965,815,343.12

7,618,977,843.11

 

Total liabilities

27,245,774,330.62

20,247,956,914.43

 

 

 

 

 

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

 

 

 

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

 

 

 

 

 

Company Legal Representative:

Person-in-charge of accounting:

Head of Accounting Department:

 

Xiao Yaqing

Chen Jihua

Ou Xiaowu

 

 

 

 

4.2

Consolidated income statement

 

January-March 2008

 

 

 

Unit: RMB Unaudited

 

 

 

 

Amount for

Amount for the

 

Items

the period

previous period

 

 

 

 

 

I.

Total revenue from operations

15,227,471,443.03

 

 

 

Including: revenue from operations

15,227,471,443.03

 

 

 

Interest income

 

 

 

 

Premiums earned

 

 

 

 

Income from fee and commission

 

 

 

 

 

 

 

 

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
Aluminum Corporation of China Limited
Xiao Yaqing

Chairman

 

 

Beijing, PRC
22 April 2008

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