Aluminum Corp of China Ltd (601600) - Net Assets
Based on the latest financial reports, Aluminum Corp of China Ltd (601600) has net assets worth CN¥132.37 Billion CNY (≈ $19.37 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 (CN¥233.31 Billion ≈ $34.14 Billion USD) and total liabilities (CN¥100.94 Billion ≈ $14.77 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 601600 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥132.37 Billion |
| % of Total Assets | 56.73% |
| Annual Growth Rate | 9.31% |
| 5-Year Change | 37.2% |
| 10-Year Change | 121.39% |
| Growth Volatility | 15.78 |
Aluminum Corp of China Ltd - Net Assets Trend (2001–2025)
This chart illustrates how Aluminum Corp of China Ltd's net assets have evolved over time, based on quarterly financial data. See Aluminum Corp of China Ltd (601600) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Aluminum Corp of China Ltd (2001–2025)
The table below shows the annual net assets of Aluminum Corp of China Ltd from 2001 to 2025. For live valuation and market cap data, see 601600 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥123.07 Billion ≈ $18.01 Billion |
+9.84% |
| 2024-12-31 | CN¥112.04 Billion ≈ $16.40 Billion |
+13.14% |
| 2023-12-31 | CN¥99.03 Billion ≈ $14.49 Billion |
+12.85% |
| 2022-12-31 | CN¥87.76 Billion ≈ $12.84 Billion |
-2.16% |
| 2021-12-31 | CN¥89.70 Billion ≈ $13.13 Billion |
+26.03% |
| 2020-12-31 | CN¥71.17 Billion ≈ $10.41 Billion |
+0.63% |
| 2019-12-31 | CN¥70.73 Billion ≈ $10.35 Billion |
+4.52% |
| 2018-12-31 | CN¥67.67 Billion ≈ $9.90 Billion |
+3.29% |
| 2017-12-31 | CN¥65.51 Billion ≈ $9.59 Billion |
+17.86% |
| 2016-12-31 | CN¥55.59 Billion ≈ $8.13 Billion |
+10.52% |
| 2015-12-31 | CN¥50.30 Billion ≈ $7.36 Billion |
+26.92% |
| 2014-12-31 | CN¥39.63 Billion ≈ $5.80 Billion |
-26.21% |
| 2013-12-31 | CN¥53.70 Billion ≈ $7.86 Billion |
-0.13% |
| 2012-12-31 | CN¥53.77 Billion ≈ $7.87 Billion |
-7.54% |
| 2011-12-31 | CN¥58.15 Billion ≈ $8.51 Billion |
+1.69% |
| 2010-12-31 | CN¥57.19 Billion ≈ $8.37 Billion |
+2.89% |
| 2009-12-31 | CN¥55.58 Billion ≈ $8.13 Billion |
-7.67% |
| 2008-12-31 | CN¥60.20 Billion ≈ $8.81 Billion |
-1.49% |
| 2007-12-31 | CN¥61.10 Billion ≈ $8.94 Billion |
+28.03% |
| 2006-12-31 | CN¥47.73 Billion ≈ $6.98 Billion |
+39.49% |
| 2005-12-31 | CN¥34.22 Billion ≈ $5.01 Billion |
+20.50% |
| 2004-12-31 | CN¥28.40 Billion ≈ $4.16 Billion |
+46.41% |
| 2003-12-31 | CN¥19.39 Billion ≈ $2.84 Billion |
+21.53% |
| 2002-12-31 | CN¥15.96 Billion ≈ $2.34 Billion |
+9.86% |
| 2001-12-31 | CN¥14.53 Billion ≈ $2.13 Billion |
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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 3262036400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥32.62 Billion | 43.54% |
| Common Stock | CN¥17.16 Billion | 22.90% |
| Other Comprehensive Income | CN¥5.26 Billion | 7.02% |
| Other Components | CN¥19.89 Billion | 26.54% |
| Total Equity | CN¥74.92 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 |
|---|---|
|
Shriram Finance Limited
NSE:SHRIRAMFIN
|
$23.23 Billion |
|
Aker BP ASA
OL:AKRBP
|
$23.30 Billion |
|
Constellation Brands Inc Class A
NYSE:STZ
|
$23.31 Billion |
|
Verisk Analytics Inc
NASDAQ:VRSK
|
$23.36 Billion |
|
Vinhomes JSC
VN:VHM
|
$23.16 Billion |
|
Dollar General Corporation
NYSE:DG
|
$23.13 Billion |
|
Wipro Limited
NSE:WIPRO
|
$23.12 Billion |
|
Public Bank Bhd
KLSE:1295
|
$23.10 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 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 12,667,985,000 contributed positively to equity growth.
- Dividend payments of 4,426,153,000 reduced retained earnings.
- Other comprehensive income increased equity by 1,054,685,000.
- Other factors decreased equity by 3,563,016,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥12.67 Billion | +16.91% |
| Dividends Paid | CN¥4.43 Billion | -5.91% |
| Other Comprehensive Income | CN¥1.05 Billion | +1.41% |
| Other Changes | CN¥-3.56 Billion | -4.76% |
| Total Change | CN¥- | 8.29% |
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: 2.74x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 18.84x to 2.74x 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¥12.01 | x |
| 2001-12-31 | CN¥1.74 | CN¥12.01 | x |
| 2002-12-31 | CN¥1.44 | CN¥12.01 | x |
| 2003-12-31 | CN¥1.79 | CN¥12.01 | x |
| 2004-12-31 | CN¥2.45 | CN¥12.01 | x |
| 2005-12-31 | CN¥2.90 | CN¥12.01 | x |
| 2006-12-31 | CN¥3.86 | CN¥12.01 | x |
| 2007-12-31 | CN¥4.54 | CN¥12.01 | x |
| 2008-12-31 | CN¥4.37 | CN¥12.01 | x |
| 2009-12-31 | CN¥3.73 | CN¥12.01 | x |
| 2010-12-31 | CN¥3.98 | CN¥12.01 | x |
| 2011-12-31 | CN¥4.36 | CN¥12.01 | x |
| 2012-12-31 | CN¥3.24 | CN¥12.01 | x |
| 2013-12-31 | CN¥3.28 | CN¥12.01 | x |
| 2014-12-31 | CN¥2.09 | CN¥12.01 | x |
| 2015-12-31 | CN¥2.72 | CN¥12.01 | x |
| 2016-12-31 | CN¥2.07 | CN¥12.01 | x |
| 2017-12-31 | CN¥2.65 | CN¥12.01 | x |
| 2018-12-31 | CN¥3.52 | CN¥12.01 | x |
| 2019-12-31 | CN¥3.21 | CN¥12.01 | x |
| 2020-12-31 | CN¥3.19 | CN¥12.01 | x |
| 2021-12-31 | CN¥3.55 | CN¥12.01 | x |
| 2022-12-31 | CN¥3.20 | CN¥12.01 | x |
| 2023-12-31 | CN¥3.56 | CN¥12.01 | x |
| 2024-12-31 | CN¥4.03 | CN¥12.01 | x |
| 2025-12-31 | CN¥4.38 | CN¥12.01 | 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): 16.91%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.27%
- • Asset Turnover: 1.05x
- • Equity Multiplier: 3.06x
- Recent ROE (16.91%) is above the historical average (6.49%), 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 | 9.52% | 1.93% | 1.33x | 3.72x | CN¥-288.94 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 |
| 2025 | 16.91% | 5.27% | 1.05x | 3.06x | CN¥5.18 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: $4,434,346,669
- Average return on equity (ROE) among peers: 5.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aluminum Corp of China Ltd (601600) | CN¥132.37 Billion | 50.20% | 0.76x | $23.22 Billion |
| Jiaozuo Wanfang Aluminum (000612) | $172.67 Million | 27.40% | 1.72x | $2.11 Billion |
| Yunnan Aluminium Co Ltd (000807) | $9.22 Billion | -15.91% | 3.07x | $15.47 Billion |
| Henan Shenhuo Coal & Power Co Ltd (000933) | $216.18 Million | 27.17% | 1.61x | $10.11 Billion |
| Guangdong Hongtu Technology Holdings Co Ltd (002101) | $5.24 Billion | 8.89% | 0.75x | $866.14 Million |
| Jiangsu Alcha Aluminium Co Ltd (002160) | $3.05 Billion | 0.73% | 1.13x | $692.17 Million |
| Nanjing Yunhai Special Metals Co Ltd (002182) | $199.46 Million | 25.10% | 1.23x | $2.09 Billion |
| ZYF Lopsking Aluminum Co Ltd (002333) | $1.90 Billion | 2.69% | 0.62x | $491.84 Million |
| Shandong Hongchuang Aluminum Industry Holding Co Ltd (002379) | $1.42 Billion | -11.62% | 0.62x | $39.76 Billion |
| Jilin Liyuan Precision Manufacturing Co Ltd (002501) | $1.66 Billion | -27.05% | 0.38x | $820.77 Million |
| Tianshan Aluminum Group Co Ltd (002532) | $21.27 Billion | 18.02% | 1.51x | $10.59 Billion |
About Aluminum Corp of China Ltd
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