中铝国际中期报告 2025

2025中期報告 ✓ ✓ 68141779101114127133 60.22%64.90%60.30%92.35%73.17% 2025120256 China Aluminum International Engineering Corporation LimitedCHALIECO 99C010-82406806010-82406666IR-zlgj@chinalco.com.cn 99C122009699C99C100093164501https://zlgj.chinalco.com.cnIR-zlgj@chinalco.com.cn www.sse.com.cnwww.hkex.com.hk99C ✓ ✓ ✓ 11 ✓ ✓ 2025 2025+ 2025156.3395%38%EPC139.8126%31.89284% 5%2.678 202462021 EPCEPC ++EPC 20258 28 EPC 1. 402,000+ 2.EPC EPCE+P E+C P+C EPCMEPCEPC 3. 3 2025 ✓ 20252025225(TOP 225 INTERNATIONALDESIGN FIRMS)150(TOP 150 GLOBAL DESIGN FIRMS250(THE TOP 250 INTERNATIONAL CONTRACTORS)250(THE TOP 250GLOBAL CONTRACTORS)225142504 1. 164.0126%156.3395%38%EPC139.8126%60EPC15.26EPC600kA1454.34 36.5%1,410m9 11631.8919%284% 2. ++1+2129924 2PSA39%27% 3.66 3. 2025N202461322022202320242023+ 4. 100%84 SOP 1. EPCEPC 2. 3. + 4. CARMSSOP 20251-62,481164.012025630458.38 202596.98107.109.45%1.031.560.53 202596.9810.129.45%+ 202586.4710.3810.72% 20250.51 20250.510.09 20254.200.51 20252.84 20251.370.3235BP0.240.62 20251.180.4 20250.270.250.52 1. 60.37%33.86%0.85 EPC35%1510 EPC EPC73.5017.57%EPC8.18%0.79 17.4946.20%+ 2. 20.166.89% ✓ ✓ 52311714312202511132435202420264 1 41204622,2555,943 1.205,000 2.180kA280kA 320kA 350kA 400kA500kA600kA30%20241404030G-ETO 3.AI2,800 mm2,300 mm20 4.MES 398111122147 50030 +++SimferEPCEPC100%EPC + 35BP0.240.62 2 ✓ ✓ ✓ 2 ✓ (1)4,243,89610.47%(2)✓ 3 ✓ 4 ✓ (1) 20256 3031.62202412 317.86 20256 30287.86164.267.917.0125.54 20256 30242.6132.3320256 3076.88202412 310.54 202563095.6030.0765.53202412 312.29 (2) 20256 301.9918.36 20256 300.667.69 20256 303.8816.58 (3) 30.530.5 (4) 20256 30202412 3144.03%42.82%2025630202412 31 (5) 20256 30 ✓ 202563074,204.3171.50.23%3,621.6 (1)✓(2)✓ (3)✓ ✓ 10% ✓ ✓ ✓ ✓ ✓ 1. 2025 (0/C)SOP 2. 3. 2025 4. 20256132 5. 2024 EPCEPC ✓ 1.2025 2025 (1) 2025EPC26%38%, EPC26% 31.89284%2.67 1,410m91205 (2) PSA 3.12%3439%27%994.2324 83.66 (3) 11 31 5 (4) e14 (5) 2025 (6) 21200 2025 2. 3. 4. 20256 30 5. 20256 30 6. 20256 30 7. 20256 30202412 31 8. 202506 30 9. 13.51B(1)202413.51(2)(a)(e)(g) (1)20258(2)20256(3)2025620256(4)20258 13.51B(1) ✓ ✓ 1.20253 2852620256 30202442320253 292025-0045272025-01620257 120252025-0292025-030 2.20255 2620256 302024<>5272025-01620257 120252025-029 3.20258 18 ✓ 2023129202320232,950.610.997%24293.22%200.006.78%A2.37AH 2023-068 20244 32023[2024]108 202461220232023 20246 19202320246 182.372402,715.83 20247 302023132372,676.96 2025527202320255 26202320255 262.2821200 20256 720232023 20256 17202320020256 13298,583.63298,783.63 ✓ ✓ 2023 1. [2006]175[2008]171[2019]102[2020]1782023 2. 2023 3. 202312 82023202312 920232,950.61295,906.670.997%2,750.6193.22%295,906.670.93%200.006.78%295,906.670.07% 202420247 29202320247 3020232372,676.96295,906.670.90%2,676.9620247 26295,906.67298,583.63202420253282,000,000AA0.077%0.067% 202412 3111.13% 2025620256 16202320256 17202321200298,583.630.07%20256 13200298,583.63298,783.63 20256 3060.08% 20256 302023 4. 10%1%A1% 5. 6. 243648 7. 2024123163,443,95260 (1)EOE=EBITDAEBITDA (2) 9. ABCDEF 10. (1) 202312 8 120231274.7050%2.35 20202311 12202312 74.7450%2.37 202420246 1820246 182.372372,676.9620246 17A4.32 20246 182A4.372.37 (2) 120255 234.4250%2.21 2020254 2420255234.5650%2.28 20251-620255 26202320255 262.282120020255 23A4.36 20255 262.12A4.402.28 11. (1)2024 20246 182,676.96 2,676.960.90% 20241 1202412 312,000,000202426,769,600202420246 18202320247 292023234.7813202420247 2620244.3220246 17 A (2)20256 20255 26200212.28A 202565%20251 12,000,00020256 3020256202564.3620255 23 A 12. 7220247 26202320247 2620287 26 ✓ ✓ ✓ ✓ ✓ 2025199.93195.032.92 1,08775 200158320 212 C120256 30C1 C3 (i)(ii)(iii)(iv)(v)(i)(ii) C1 20258 2520256 30620256 306 ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 2 3 ✓ 1 ✓ 2 ✓ 3 ✓ 4 ✓ 1 ✓ 2 ✓ 3✓ 1 ✓ ✓ ✓ 1 ✓ 2 ✓ 3 ✓ 4 ✓ ✓ ✓ ✓ ✓ ✓ 2 ✓ 20255 26202320255 262.282120020256 132,985,836,2672,987,836,26720256 17(www.sse.com.cn)20232025-027 3 ✓ 4 ✓ ✓ 202324364840%30%30% 20127 62068H3.9320188 31601068A3.45295,906,667A20256 302,987,836,267H399,476,00013.37%, A2,588,360,26786.63% 20256 30 20256 30 41,233 5% 202324364840%30%30% ✓ 20256 30XV233365% 120256 30 22,263,684,000A75.76%2,176,758,534A72.85%86,925,466A2.91%19,495,000H0.65%AH 320237 26 4Leading Gain Investments Limited 5 ✓✓ ✓ ✓ 1. 20256 3010,6138,52776.53%2,61523.47% 20256 30 20256 30 20251,044 2. 20256 30 2023 20256 30XVXV78352C3 ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 2 ✓ 3 ✓ 4 ✓ ✓ ✓ ✓ 225100004+86 10 8566 5588+86 10 8566 5120www.grantthornton.cn (2025)110A034139 20256 3020251-6 2101 200312 16200,000,00095%5% 2010125% 2011201162,300,000,000 20127H363,160,0002068HH10%36,316,00011H2,663,160,000 [2018]93460106820188 2729,590.66671295,906,6672,959,066,667 202472023217,675.853472.90%