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China Aluminum, which had been in a huge loss, finally made a "subtraction" last year to achieve a turnaround
.
With the deduction of non-losses still exceeding 6 billion yuan, the outside world is more concerned about the "addition" in the transfer of its assets
.
On June 29, Aluminum Corporation of China announced three related transactions with its major shareholder, China Aluminum Corporation (hereinafter referred to as China Aluminum Corporation).
They were to participate in the bidding for 60% of China Aluminum (Shanghai) Co.
, Ltd.
and the acquisition of Shanxi The aluminum plant plans to produce boehmite production lines and other assets and cooperate with Chinalco to mine the Guizhou Maochang bauxite project
.
After combing through the annual report of Chalco, the reporter of "Daily Business News" found that this is also the first time that Chalco has received an infusion of assets and rights from a major shareholder after its turnaround last year
.
In 2015, Chalco's net profit loss after deducting non-recurring gains and losses amounted to 6.
432 billion yuan, and the turnaround was largely due to the divestiture of assets and government subsidies
.
Zhuo Chuang Aluminum analyst Wang Yu told reporters that the current aluminum industry is still in a stage of oversupply, and Chalco should focus on stopping losses in its main business.
The assets injected by the major shareholders this time will benefit its diversified development
.
Assets are now “additive”.
On June 29, Chinalco disclosed that the company invested in the construction of the Maochang mine, and Chinalco took the Maochang mining rights as the investment, and cooperated to mine the Maochang mine in proportion to the investment.
Distribution of income
.
At the same time, Chalco will acquire 80% of the Maochang mine joint venture income enjoyed by Chinalco at a one-time transfer of 350 million yuan
.
After the transfer of income rights, the company will collectively own approximately 91.
63% of the total income rights of Maochang Mine
.
This also means that Chalco almost enjoys most of the profit rights of Maochang Mine without having to purchase mining rights.
On the one hand, it will increase its operating income and on the other hand, it will also ensure the supply of raw materials for it
.
Chinalco also announced that according to the letter sent by Chinalco, it learned that Chinalco plans to publicly transfer its 60% equity in Chinalco Shanghai, and that the company intends to participate in the bidding
.
It is worth noting that Chinalco Shanghai has 2 5A office buildings located in the commercial office area of Shanghai World Expo Park, with a total construction area of 68612 square meters.
.
If the bidding is successful, Chalco will control tens of thousands of square meters of properties in prime locations through equity, and the rental income and even the high premium income from the sale of property rights in the future will be considerable
.
Aluminum Corporation of China also disclosed that its Shanxi branch plans to acquire related assets such as the proposed boehmite production line and active silicon-aluminum powder production line of the Shanxi Aluminum Plant, with an estimated value of 43,061,400 yuan
.
After the acquisition, Chalco will be able to solve the problem of horizontal competition with Shanxi Aluminum Plant in the pseudo-boehmite business
.
On the evening of June 29, Aluminum Corporation of China also disclosed that the environmental assets of five companies listed and transferred on the Beijing Equity Exchange in May this year have been bid for by Beijing Aluminum Energy Fresh Environment Technology Co.
, Ltd.
at a price of 1.
754 billion yuan
.
The main business still needs to be diversified.
The 2015 annual report released by Aluminum Corporation of China in March showed that compared with the huge loss of 16.
208 billion yuan in 2014, the company successfully turned losses in 2015, and its net profit attributable to shareholders of listed companies reached 206 million yuan
.
According to a previous report by the "Daily Business News", Chinalco Chairman Ge Honglin has repeatedly emphasized within the company that for those companies that "obviously have no hope of turning around", "resolutely and speed up the reduction" to stop the "bleeding points.
"
.
Facing the cold winter of the market and the heavy historical burden of state-owned enterprises, Ge Honglin initiated a series of reforms such as "addition, subtraction, multiplication, and division" for Chinalco at the group level
.
Do addition, insist on strengthening and improving the main business, accelerate the cultivation of new growth points; do subtraction, eliminate backwardness, dispose of non-performing assets, stop "bleeding points" and reduce "bleeding volume"; do multiplication, and take innovation as a driving force A new engine for turning losses out of difficulties and transforming and upgrading; doing division, making big numerators, making small denominators, improving labor productivity and return on capital
.
The reason why Aluminum Corporation of China turned losses last year was more due to the "subtraction" of divestiture of assets and government subsidies
.
According to its annual report, in 2015, Aluminum Corporation of China passed a series of divestitures, and the impact on profits reached 5.
72 billion yuan, while at the same time, government subsidies reached 1.
769 billion yuan.
.
In this regard, Wang Yu believes that the current international aluminum market is in a stage of oversupply, and there is no recovery trend in the short term, and there is a trend of increase in domestic production.
It is very difficult for China Aluminum to rely on its main business to make profits.
“In the short term, it is possible to divest assets and subsidies.
Understand"
.
Regarding the newly disclosed asset “addition”, Wang Yu told reporters that Chalco’s future performance is largely due to its diversified development.
Chalco Shanghai’s proposed bid for Chalco Shanghai may be due to its The trade logistics industry engaged in will bring greater profit imagination to the company
.
Wang Yu said that the injection of this series of assets into Chalco will promote the diversified development of its main business, and ultimately have a certain effect on the main business’s turnaround.
"But the effect is hard to say.
The bauxite mine will indeed bring more benefits.
Trading companies It will also give China Aluminum a great opportunity for imagination
.
"
.
With the deduction of non-losses still exceeding 6 billion yuan, the outside world is more concerned about the "addition" in the transfer of its assets
.
On June 29, Aluminum Corporation of China announced three related transactions with its major shareholder, China Aluminum Corporation (hereinafter referred to as China Aluminum Corporation).
They were to participate in the bidding for 60% of China Aluminum (Shanghai) Co.
, Ltd.
and the acquisition of Shanxi The aluminum plant plans to produce boehmite production lines and other assets and cooperate with Chinalco to mine the Guizhou Maochang bauxite project
.
After combing through the annual report of Chalco, the reporter of "Daily Business News" found that this is also the first time that Chalco has received an infusion of assets and rights from a major shareholder after its turnaround last year
.
In 2015, Chalco's net profit loss after deducting non-recurring gains and losses amounted to 6.
432 billion yuan, and the turnaround was largely due to the divestiture of assets and government subsidies
.
Zhuo Chuang Aluminum analyst Wang Yu told reporters that the current aluminum industry is still in a stage of oversupply, and Chalco should focus on stopping losses in its main business.
The assets injected by the major shareholders this time will benefit its diversified development
.
Assets are now “additive”.
On June 29, Chinalco disclosed that the company invested in the construction of the Maochang mine, and Chinalco took the Maochang mining rights as the investment, and cooperated to mine the Maochang mine in proportion to the investment.
Distribution of income
.
At the same time, Chalco will acquire 80% of the Maochang mine joint venture income enjoyed by Chinalco at a one-time transfer of 350 million yuan
.
After the transfer of income rights, the company will collectively own approximately 91.
63% of the total income rights of Maochang Mine
.
This also means that Chalco almost enjoys most of the profit rights of Maochang Mine without having to purchase mining rights.
On the one hand, it will increase its operating income and on the other hand, it will also ensure the supply of raw materials for it
.
Chinalco also announced that according to the letter sent by Chinalco, it learned that Chinalco plans to publicly transfer its 60% equity in Chinalco Shanghai, and that the company intends to participate in the bidding
.
It is worth noting that Chinalco Shanghai has 2 5A office buildings located in the commercial office area of Shanghai World Expo Park, with a total construction area of 68612 square meters.
.
If the bidding is successful, Chalco will control tens of thousands of square meters of properties in prime locations through equity, and the rental income and even the high premium income from the sale of property rights in the future will be considerable
.
Aluminum Corporation of China also disclosed that its Shanxi branch plans to acquire related assets such as the proposed boehmite production line and active silicon-aluminum powder production line of the Shanxi Aluminum Plant, with an estimated value of 43,061,400 yuan
.
After the acquisition, Chalco will be able to solve the problem of horizontal competition with Shanxi Aluminum Plant in the pseudo-boehmite business
.
On the evening of June 29, Aluminum Corporation of China also disclosed that the environmental assets of five companies listed and transferred on the Beijing Equity Exchange in May this year have been bid for by Beijing Aluminum Energy Fresh Environment Technology Co.
, Ltd.
at a price of 1.
754 billion yuan
.
The main business still needs to be diversified.
The 2015 annual report released by Aluminum Corporation of China in March showed that compared with the huge loss of 16.
208 billion yuan in 2014, the company successfully turned losses in 2015, and its net profit attributable to shareholders of listed companies reached 206 million yuan
.
According to a previous report by the "Daily Business News", Chinalco Chairman Ge Honglin has repeatedly emphasized within the company that for those companies that "obviously have no hope of turning around", "resolutely and speed up the reduction" to stop the "bleeding points.
"
.
Facing the cold winter of the market and the heavy historical burden of state-owned enterprises, Ge Honglin initiated a series of reforms such as "addition, subtraction, multiplication, and division" for Chinalco at the group level
.
Do addition, insist on strengthening and improving the main business, accelerate the cultivation of new growth points; do subtraction, eliminate backwardness, dispose of non-performing assets, stop "bleeding points" and reduce "bleeding volume"; do multiplication, and take innovation as a driving force A new engine for turning losses out of difficulties and transforming and upgrading; doing division, making big numerators, making small denominators, improving labor productivity and return on capital
.
The reason why Aluminum Corporation of China turned losses last year was more due to the "subtraction" of divestiture of assets and government subsidies
.
According to its annual report, in 2015, Aluminum Corporation of China passed a series of divestitures, and the impact on profits reached 5.
72 billion yuan, while at the same time, government subsidies reached 1.
769 billion yuan.
.
In this regard, Wang Yu believes that the current international aluminum market is in a stage of oversupply, and there is no recovery trend in the short term, and there is a trend of increase in domestic production.
It is very difficult for China Aluminum to rely on its main business to make profits.
“In the short term, it is possible to divest assets and subsidies.
Understand"
.
Regarding the newly disclosed asset “addition”, Wang Yu told reporters that Chalco’s future performance is largely due to its diversified development.
Chalco Shanghai’s proposed bid for Chalco Shanghai may be due to its The trade logistics industry engaged in will bring greater profit imagination to the company
.
Wang Yu said that the injection of this series of assets into Chalco will promote the diversified development of its main business, and ultimately have a certain effect on the main business’s turnaround.
"But the effect is hard to say.
The bauxite mine will indeed bring more benefits.
Trading companies It will also give China Aluminum a great opportunity for imagination
.
"
