Aluminum Corp of China Ltd (601600) - Net Assets

Latest as of September 2025: CN¥123.54 Billion CNY

Based on the latest financial reports, Aluminum Corp of China Ltd (601600) has net assets worth CN¥123.54 Billion CNY as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥230.40 Billion) and total liabilities (CN¥106.85 Billion). 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.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥123.54 Billion
% of Total Assets 53.62%
Annual Growth Rate 9.29%
5-Year Change 57.42%
10-Year Change 122.76%
Growth Volatility 15.8

Aluminum Corp of China Ltd - Net Assets Trend (2001–2024)

This chart illustrates how Aluminum Corp of China Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Aluminum Corp of China Ltd (2001–2024)

The table below shows the annual net assets of Aluminum Corp of China Ltd from 2001 to 2024.

Year Net Assets Change
2024-12-31 CN¥112.04 Billion +13.14%
2023-12-31 CN¥99.03 Billion +12.85%
2022-12-31 CN¥87.76 Billion +20.57%
2021-12-31 CN¥72.78 Billion +2.26%
2020-12-31 CN¥71.17 Billion +0.63%
2019-12-31 CN¥70.73 Billion +4.52%
2018-12-31 CN¥67.67 Billion +3.29%
2017-12-31 CN¥65.51 Billion +17.86%
2016-12-31 CN¥55.59 Billion +10.52%
2015-12-31 CN¥50.30 Billion +26.92%
2014-12-31 CN¥39.63 Billion -26.21%
2013-12-31 CN¥53.70 Billion -0.13%
2012-12-31 CN¥53.77 Billion -7.54%
2011-12-31 CN¥58.15 Billion +1.69%
2010-12-31 CN¥57.19 Billion +2.89%
2009-12-31 CN¥55.58 Billion -7.67%
2008-12-31 CN¥60.20 Billion -1.49%
2007-12-31 CN¥61.10 Billion +28.03%
2006-12-31 CN¥47.73 Billion +39.49%
2005-12-31 CN¥34.22 Billion +20.50%
2004-12-31 CN¥28.40 Billion +46.41%
2003-12-31 CN¥19.39 Billion +21.53%
2002-12-31 CN¥15.96 Billion +9.86%
2001-12-31 CN¥14.53 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Aluminum Corp of China Ltd'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 2488398900000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥24.88 Billion 35.96%
Common Stock CN¥17.16 Billion 24.80%
Other Components CN¥27.15 Billion 39.24%
Total Equity CN¥69.19 Billion 100.00%

Aluminum Corp of China Ltd Competitors by Market Cap

The table below lists competitors of Aluminum Corp of China Ltd ranked by their market capitalization.

Company Market Cap
AvalonBay Communities Inc
NYSE:AVB
 		$24.54 Billion
Ulta Beauty Inc
NASDAQ:ULTA
 		$24.55 Billion
Telefónica S.A
MX:TEFN
 		$24.55 Billion
Novonesis (Novozymes) A/S
CO:NSIS-B
 		$24.56 Billion
Nomura Holdings Inc.
SA:NMRH34
 		$24.52 Billion
PT Bank Mandiri (Persero) Tbk
F:PQ9
 		$24.51 Billion
Partners Group Holding AG
SW:PGHN
 		$24.50 Billion
Oriental Land Co. Ltd
F:OLL
 		$24.49 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Aluminum Corp of China Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 60,598,030,000 to 69,191,321,000, a change of 8,593,291,000 (14.2%).
  • Net income of 12,400,160,000 contributed positively to equity growth.
  • Dividend payments of 4,716,618,000 reduced retained earnings.
  • Share repurchases of 5,102,000 reduced equity.
  • Other factors increased equity by 914,851,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥12.40 Billion +17.92%
Dividends Paid CN¥4.72 Billion -6.82%
Share Repurchases CN¥5.10 Million -0.01%
Other Changes CN¥914.85 Million +1.32%
Total Change CN¥- 14.18%

Book Value vs Market Value Analysis

This analysis compares Aluminum Corp of China Ltd'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: 3.15x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 19.91x to 3.15x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2000-12-31 CN¥0.64 CN¥12.69 x
2001-12-31 CN¥1.74 CN¥12.69 x
2002-12-31 CN¥1.44 CN¥12.69 x
2003-12-31 CN¥1.79 CN¥12.69 x
2004-12-31 CN¥2.45 CN¥12.69 x
2005-12-31 CN¥2.90 CN¥12.69 x
2006-12-31 CN¥3.86 CN¥12.69 x
2007-12-31 CN¥4.54 CN¥12.69 x
2008-12-31 CN¥4.37 CN¥12.69 x
2009-12-31 CN¥3.73 CN¥12.69 x
2010-12-31 CN¥3.98 CN¥12.69 x
2011-12-31 CN¥4.36 CN¥12.69 x
2012-12-31 CN¥3.24 CN¥12.69 x
2013-12-31 CN¥3.28 CN¥12.69 x
2014-12-31 CN¥2.09 CN¥12.69 x
2015-12-31 CN¥2.72 CN¥12.69 x
2016-12-31 CN¥2.07 CN¥12.69 x
2017-12-31 CN¥2.65 CN¥12.69 x
2018-12-31 CN¥3.52 CN¥12.69 x
2019-12-31 CN¥3.21 CN¥12.69 x
2020-12-31 CN¥3.19 CN¥12.69 x
2021-12-31 CN¥3.36 CN¥12.69 x
2022-12-31 CN¥3.20 CN¥12.69 x
2023-12-31 CN¥3.56 CN¥12.69 x
2024-12-31 CN¥4.03 CN¥12.69 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Aluminum Corp of China Ltd 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 (6.09%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2000 50.20% 13.81% 0.78x 4.64x CN¥2.02 Billion
2001 11.27% 31.06% 0.15x 2.37x CN¥178.47 Million
2002 8.85% 8.19% 0.53x 2.06x CN¥-177.74 Million
2003 18.95% 15.28% 0.66x 1.87x CN¥1.68 Billion
2004 22.29% 18.73% 0.66x 1.80x CN¥3.34 Billion
2005 21.51% 18.92% 0.63x 1.81x CN¥3.76 Billion
2006 26.56% 18.97% 0.79x 1.76x CN¥7.32 Billion
2007 17.68% 12.04% 0.90x 1.63x CN¥4.46 Billion
2008 0.02% 0.01% 0.57x 2.46x CN¥-5.49 Billion
2009 -9.16% -6.57% 0.52x 2.66x CN¥-9.66 Billion
2010 1.51% 0.64% 0.86x 2.74x CN¥-4.38 Billion
2011 0.46% 0.16% 0.93x 3.03x CN¥-4.94 Billion
2012 -18.80% -5.51% 0.85x 4.00x CN¥-12.61 Billion
2013 2.14% 0.55% 0.87x 4.50x CN¥-3.49 Billion
2014 -57.32% -11.41% 0.74x 6.81x CN¥-19.04 Billion
2015 0.38% 0.12% 0.65x 4.87x CN¥-3.74 Billion
2016 0.97% 0.26% 0.76x 4.99x CN¥-3.44 Billion
2017 3.58% 0.78% 0.90x 5.07x CN¥-2.53 Billion
2018 1.59% 0.46% 0.90x 3.83x CN¥-4.41 Billion
2019 1.56% 0.45% 0.94x 3.72x CN¥-4.61 Billion
2020 1.41% 0.41% 0.95x 3.59x CN¥-4.67 Billion
2021 10.06% 1.93% 1.55x 3.36x CN¥32.95 Million
2022 7.71% 1.44% 1.37x 3.90x CN¥-1.25 Billion
2023 11.04% 2.97% 1.06x 3.50x CN¥629.26 Million
2024 17.92% 5.23% 1.10x 3.12x CN¥5.48 Billion

Industry Comparison

This section compares Aluminum Corp of China Ltd's net assets metrics with peer companies in the Aluminum industry.

Industry Context

  • Industry: Aluminum
  • Average net assets among peers: $2,521,886,362
  • Average return on equity (ROE) among peers: 11.31%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Aluminum Corp of China Ltd (601600) CN¥123.54 Billion 50.20% 0.86x $24.53 Billion
Jiaozuo Wanfang Aluminum (000612) $488.08 Million 1.16% 1.09x $2.41 Billion
Yunnan Aluminium Co Ltd (000807) $9.87 Billion 1.13% 2.24x $18.61 Billion
Henan Shenhuo Coal & Power Co Ltd (000933) $10.42 Billion -3.52% 3.91x $11.44 Billion
Guangdong Hongtu Technology Holdings Co Ltd (002101) $127.28 Million 29.27% 1.41x $1.01 Billion
Jiangsu Alcha Aluminium Co Ltd (002160) $327.24 Million 12.11% 1.71x $785.87 Million
Nanjing Yunhai Special Metals Co Ltd (002182) $1.15 Billion 1.73% 1.43x $2.41 Billion
ZYF Lopsking Aluminum Co Ltd (002333) $1.48 Billion -2.64% 0.10x $585.66 Million
Shandong Hongchuang Aluminum Industry Holding Co Ltd (002379) $1.21 Billion 1.17% 0.23x $55.53 Billion
Jilin Liyuan Precision Manufacturing Co Ltd (002501) $62.19 Million 44.29% 7.71x $955.84 Million
Tianshan Aluminum Group Co Ltd (002532) $96.92 Million 28.35% 1.57x $13.30 Billion

About Aluminum Corp of China Ltd

SHG:601600 China Aluminum
Market Cap
$24.53 Billion
CN¥167.65 Billion CNY
Market Cap Rank
#957 Global
#69 in China
Share Price
CN¥12.69
Change (1 day)
-0.86%
52-Week Range
CN¥6.40 - CN¥15.70
All Time High
CN¥15.70
Categories
Companies in China Aluminum
About

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