Aluminum Corporation of China Limited (AOC) - Net Assets
Based on the latest financial reports, Aluminum Corporation of China Limited (AOC) has net assets worth €120.84 Billion EUR (≈ $141.28 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€227.49 Billion ≈ $265.96 Billion USD) and total liabilities (€106.65 Billion ≈ $124.69 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check AOC financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €120.84 Billion |
| % of Total Assets | 53.12% |
| Annual Growth Rate | 6.91% |
| 5-Year Change | 57.42% |
| 10-Year Change | 115.91% |
| Growth Volatility | 13.87 |
Aluminum Corporation of China Limited - Net Assets Trend (2013–2024)
This chart illustrates how Aluminum Corporation of China Limited's net assets have evolved over time, based on quarterly financial data. Also explore Aluminum Corporation of China Limited (AOC) total assets for the complete picture of this company's asset base.
Annual Net Assets for Aluminum Corporation of China Limited (2013–2024)
The table below shows the annual net assets of Aluminum Corporation of China Limited from 2013 to 2024. For live valuation and market cap data, see market value of Aluminum Corporation of China Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €112.04 Billion ≈ $130.99 Billion |
+13.30% |
| 2023-12-31 | €98.89 Billion ≈ $115.61 Billion |
+12.69% |
| 2022-12-31 | €87.76 Billion ≈ $102.60 Billion |
+20.57% |
| 2021-12-31 | €72.78 Billion ≈ $85.09 Billion |
+2.26% |
| 2020-12-31 | €71.17 Billion ≈ $83.21 Billion |
+0.63% |
| 2019-12-31 | €70.73 Billion ≈ $82.69 Billion |
+4.52% |
| 2018-12-31 | €67.67 Billion ≈ $79.11 Billion |
+3.29% |
| 2017-12-31 | €65.51 Billion ≈ $76.59 Billion |
+17.86% |
| 2016-12-31 | €55.59 Billion ≈ $64.99 Billion |
+7.12% |
| 2015-12-31 | €51.89 Billion ≈ $60.67 Billion |
+30.87% |
| 2014-12-31 | €39.65 Billion ≈ $46.36 Billion |
-26.16% |
| 2013-12-31 | €53.70 Billion ≈ $62.78 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Aluminum Corporation of China Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 44.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €24.88 Billion | 35.96% |
| Other Components | €44.31 Billion | 64.04% |
| Total Equity | €69.19 Billion | 100.00% |
Aluminum Corporation of China Limited Competitors by Market Cap
The table below lists competitors of Aluminum Corporation of China Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The People's Insurance Company (Group) of China Limited
F:PIR
|
$5.76 Billion |
|
Hyundai Motor Co Pref
KO:005387
|
$5.77 Billion |
|
VisEra Technologies Co. Ltd.
TW:6789
|
$5.78 Billion |
|
Vipshop Holdings Limited
F:1VPA
|
$5.78 Billion |
|
Gigabyte Technology Co Ltd
TW:2376
|
$5.76 Billion |
|
Shenyang Fortune Precision Equipment Co. Ltd. A
SHG:688409
|
$5.76 Billion |
|
Wangsu Science Tech
SHE:300017
|
$5.76 Billion |
|
Qilu Bank Co Ltd
SHG:601665
|
$5.75 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aluminum Corporation of China Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 60,457,735,000 to 69,191,321,000, a change of 8,733,586,000 (14.4%).
- Net income of 12,400,160,000 contributed positively to equity growth.
- Dividend payments of 4,716,618,000 reduced retained earnings.
- Other factors increased equity by 1,050,044,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €12.40 Billion | +17.92% |
| Dividends Paid | €4.72 Billion | -6.82% |
| Other Changes | €1.05 Billion | +1.52% |
| Total Change | €- | 14.45% |
Book Value vs Market Value Analysis
This analysis compares Aluminum Corporation of China Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.31x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.47x to 0.31x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €2.65 | €1.25 | x |
| 2018-12-31 | €3.52 | €1.25 | x |
| 2019-12-31 | €3.21 | €1.25 | x |
| 2020-12-31 | €3.19 | €1.25 | x |
| 2021-12-31 | €3.36 | €1.25 | x |
| 2022-12-31 | €3.17 | €1.25 | x |
| 2023-12-31 | €3.52 | €1.25 | x |
| 2024-12-31 | €4.03 | €1.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aluminum Corporation of China Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.92%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.23%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 3.12x
- Recent ROE (17.92%) is above the historical average (-0.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 2.14% | 0.55% | 0.87x | 4.50x | €-3.49 Billion |
| 2014 | -57.27% | -11.41% | 0.74x | 6.81x | €-19.04 Billion |
| 2015 | 0.37% | 0.12% | 0.64x | 4.81x | €-3.85 Billion |
| 2016 | 1.06% | 0.28% | 0.76x | 4.99x | €-3.41 Billion |
| 2017 | 3.49% | 0.77% | 0.90x | 5.07x | €-2.57 Billion |
| 2018 | 1.42% | 0.41% | 0.90x | 3.83x | €-4.50 Billion |
| 2019 | 1.56% | 0.45% | 0.94x | 3.72x | €-4.61 Billion |
| 2020 | 1.36% | 0.40% | 0.95x | 3.59x | €-4.69 Billion |
| 2021 | 8.87% | 1.88% | 1.40x | 3.36x | €-646.91 Million |
| 2022 | 7.71% | 1.44% | 1.37x | 3.90x | €-1.25 Billion |
| 2023 | 11.06% | 2.97% | 1.06x | 3.50x | €643.29 Million |
| 2024 | 17.92% | 5.23% | 1.10x | 3.12x | €5.48 Billion |
Industry Comparison
This section compares Aluminum Corporation of China Limited's net assets metrics with peer companies in the Aluminum industry.
Industry Context
- Industry: Aluminum
- Average net assets among peers: $49,739,142,500
- Average return on equity (ROE) among peers: 33.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aluminum Corporation of China Limited (AOC) | €120.84 Billion | 2.14% | 0.88x | $5.76 Billion |
| Constellium SE (3OK) | $291.00 Million | 88.32% | 14.89x | $3.53 Billion |
| CAPRAL LTD. (CBZ) | $157.12 Million | 27.20% | 1.71x | $121.10 Million |
| China Hongqiao Group Ltd (H0Q) | $106.26 Billion | 10.79% | 0.89x | $40.54 Billion |
| Norsk Hydro ASA (NOHA) | $92.25 Billion | 9.52% | 0.77x | $14.35 Billion |
About Aluminum Corporation of China Limited
Aluminum Corporation of China Limited, together with its subsidiaries, primarily engages in the exploration and mining of bauxite, coal, and other resources in the People's Republic of China and internationally. The company operates through five segments: Alumina, Primary Aluminum, Energy, Trading, and Corporate and Other Operating. The Alumina segment mines for and purchases bauxite and other ra… Read more