HK Stock Market Move | Aluminum Corporation Of China (02600) opened up nearly 3% higher after reporting a profit increase. It is expected that the annual net profit will increase by a maximum of 94%, and the operating performance may achieve its best performance since its establishment.

Aluminum Corporation Of China (02600) opened nearly 3% higher after the profit cheer, rising 2.7% to HK$4.95 at the time of writing, with a turnover of HK$1.9268 million. On the news front, Aluminum Corporation Of China announced that it expects to achieve a net profit attributable to shareholders of the listed company of RMB 12 billion to 13 billion in 2024, an increase of 79% to 94% year-on-year. In 2024, the company will uphold the philosophy of ultimate management, seize good market opportunities, leverage the advantages of the whole industry chain, focus on improving operational efficiency and fine cost control, and achieve high production stability and quality. It is expected to achieve its best operating performance since its establishment. Soochow pointed out that the upward trend in alumina prices dominated the investment logic throughout 2024 on the cost side, with industry chain profits expected to return to the electrolytic aluminum end in 2025. Due to factors such as the suspension of domestic mine production and poor overseas mine shipments, alumina prices have risen by over 90% in 2024, shifting profitability from the smelting end to the upstream alumina end. The investment logic for the entire year of 2024 revolves around aluminum companies that have a stable supply of bauxite and alumina production capacity. Looking ahead to 2025, the turning point in the decline in costs is clear, and industry chain profits are expected to return to the electrolytic aluminum end.