Aluminum Corporation of China Limited (AOC) - Net Assets
Based on the latest financial reports, Aluminum Corporation of China Limited (AOC) has net assets worth €132.37 Billion EUR (≈ $154.75 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€233.31 Billion ≈ $272.76 Billion USD) and total liabilities (€100.94 Billion ≈ $118.01 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 tangible equity quality of Aluminum Corporation of China Limited to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €132.37 Billion |
| % of Total Assets | 56.73% |
| Annual Growth Rate | 7.12% |
| 5-Year Change | 68.41% |
| 10-Year Change | 120.5% |
| Growth Volatility | 13.29 |
Aluminum Corporation of China Limited - Net Assets Trend (2013–2025)
This chart illustrates how Aluminum Corporation of China Limited's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Aluminum Corporation of China Limited to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Aluminum Corporation of China Limited (2013–2025)
The table below shows the annual net assets of Aluminum Corporation of China Limited from 2013 to 2025. For live valuation and market cap data, see market value of Aluminum Corporation of China Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €122.57 Billion ≈ $143.30 Billion |
+9.40% |
| 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 89.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €32.62 Billion | 43.54% |
| Other Components | €42.30 Billion | 56.46% |
| Total Equity | €74.92 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 |
|---|---|
|
Reinet Investments SCA
JSE:RNI
|
$4.52 Billion |
|
Shan Dong Dong-E E-Jiao Co Ltd
SHE:000423
|
$4.52 Billion |
|
Wingstop Inc
NASDAQ:WING
|
$4.52 Billion |
|
KURITA WTR IND.UNSP.ADR 2
F:KWI0
|
$4.52 Billion |
|
Beijing Yanjing Brewery Co Ltd
SHE:000729
|
$4.52 Billion |
|
Eastern Bankshares Inc
NASDAQ:EBC
|
$4.52 Billion |
|
Franklin Electric Co Inc
NASDAQ:FELE
|
$4.51 Billion |
|
BURBERRY GROUP ADR/
F:BB2A
|
$4.51 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 2024 to 2025, total equity changed from 69,191,321,000 to 74,924,822,000, a change of 5,733,501,000 (8.3%).
- Net income of 12,673,918,000 contributed positively to equity growth.
- Dividend payments of 5,629,128,000 reduced retained earnings.
- Other factors decreased equity by 1,311,289,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €12.67 Billion | +16.92% |
| Dividends Paid | €5.63 Billion | -7.51% |
| Other Changes | €-1.31 Billion | -1.75% |
| Total Change | €- | 8.29% |
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: 0.22x
- 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 0.37x to 0.22x 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 | €0.98 | x |
| 2018-12-31 | €3.52 | €0.98 | x |
| 2019-12-31 | €3.21 | €0.98 | x |
| 2020-12-31 | €3.19 | €0.98 | x |
| 2021-12-31 | €3.36 | €0.98 | x |
| 2022-12-31 | €3.17 | €0.98 | x |
| 2023-12-31 | €3.52 | €0.98 | x |
| 2024-12-31 | €4.03 | €0.98 | x |
| 2025-12-31 | €4.37 | €0.98 | 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): 16.92%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.26%
- • Asset Turnover: 1.06x
- • Equity Multiplier: 3.03x
- Recent ROE (16.92%) is above the historical average (1.28%), 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 | 17.91% | 5.23% | 1.10x | 3.12x | €5.48 Billion |
| 2025 | 16.92% | 5.26% | 1.06x | 3.03x | €5.18 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: $49,586,642,500
- Average return on equity (ROE) among peers: 11.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aluminum Corporation of China Limited (AOC) | €132.37 Billion | 2.14% | 0.76x | $4.52 Billion |
| Constellium SE (3OK) | $-319.00 Million | 0.00% | 0.00x | $3.81 Billion |
| CAPRAL LTD. (CBZ) | $157.12 Million | 27.20% | 1.71x | $116.04 Million |
| China Hongqiao Group Ltd (H0Q) | $106.26 Billion | 10.79% | 0.89x | $32.59 Billion |
| Norsk Hydro ASA (NOHA) | $92.25 Billion | 9.52% | 0.77x | $18.67 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. It operates through five segments: Alumina, Primary Aluminum, Energy, Marketing, and Corporate and Other Operating. The Alumina segment mines for and purchases bauxite and other raw mater… Read more