中国铝业2025中期报告

目錄 2710131717171826273133345%35363738404041424343526970 釋義 公司或本公司集團或本集團董事會廣西分公司青海分公司貴州分公司連城分公司中鋁國貿中鋁香港中鋁能源中鋁物流中鋁物資中鋁上海鄭州鋁業 鄭州研究院山西華興撫順鋁業中鋁碳素中鋁新材料中鋁山東中州鋁業平果鋁業包頭鋁業寧夏能源貴州華錦貴州華仁 中國證監會 國務院國資委 《董事會專門委員會工作細則》 H股 LME SHFE 公司資料 ALUMINUM CORPORATION OF CHINA LIMITEDCHALCO 1. 20019 106210008262100082164501www.chalco.com.cnir@chinalco.com.cn 2. 12(8610) 8229 8322(8610) 8229 8158ir@chinalco.com.cn621000823(8610) 8229 8322(8610) 8229 8158ir@chinalco.com.cn62100082(8610) 8229 8322 3. 4.H 18317M1712–1716 (CHALCO) 02600601600 97927 9. ·97914 1A10100004 10. 120252 2420252 2820256 26 22025520256 26 20253 26 20256 30 行業情況及市場回顧 20257 20252025–20272025–202720273%–5%1,500 30%30%15%2035 2025 20251.0333.6%7,96741.3%77.2%1,6487.1%16.0% 20253,1928.7% 202513465.7%107.5 2025 2025SHFE20,226LME2,5461.9%6.0% 202598%0.4%0.36% 2025 業務回顧 2025 1.極致生產經營，業績再創歷史新高 202565 20254.88%9.37% 10% 2025132.472.16%70.710.81%141.885.24% 2.加快轉型升級，產業結構持續優化 600KA2.01.0 3.強化科技創新，科技成果創效倍增 202512 4.持續深化改革，管理效能明顯提升 ESGMSCI ESGBB2000751 5.堅持黨的領導，黨建賦能成效顯著 11666202550042 3.0 前景與展望 2025 20251,6814467801,410412 中期業績 20256 301,163.925.12%70.710.81%0.413 中期股息 20253 2620256 2620242025202520258 270.123202521.10202530% 202510 172025 管理層對財務狀況和經營業績的討論及分析 202570.7170.140.57 20251,163.921,107.1956.73 2025981.71922.8858.83 202535.6332.982.65 202511.3212.991.67 202513.7116.943.23 20251.671.100.57 202521.5216.794.73 營業收入 2025332.43314.5417.89 板塊業績 202547.0737.159.92 營業收入 2025759.46682.0677.40 板塊業績 202581.0575.955.10 營業收入 20251,019.73934.3285.41 板塊業績 20255.0511.066.01 營業收入 202538.9744.635.66 板塊業績 20255.429.293.87 營業收入 20259.4112.332.92 板塊業績 2025-6.11-3.792.32 20256 30702.42590.54111.88 20256 30477.84462.2715.57 20256 301,572.521,568.743.78 20256 30588.67576.5912.08 20256 3046.88%20256 3048.11%1.23 202551.70 20256 3029.54 20256 3025.986.6240.061.6310.70 20256 30254.13 2025141.88134.827.06 202547.1315.8262.956015 202548.0490.5542.51 20256 30116.972024115.491.48 20253 26202520259.85202547,000 20253 26 公司投資情況 50600KA39.822025634.66 1200MW54.93200MW2025627.64 董事及高級管理人員 1.20252 242.20252 26202520252 283.20252 2620254.20253 26 5.20255 2820256 262024 (1)(2)(3) 20256 26 6.20256 2620257 2420258 27 7.20257 242025827 20255 2820256 2620242024 20252 242025226202522820253262025528202562620257 2420258 27 1.2025420256 2.20252202553.2025220255 執行董事 20252 2620256 2620252 2620256 2620256 26 非執行董事 20256 2620256 26 獨立非執行董事 20256 2620256 2620256 26 其他高級管理人員 202562620257 2420258 2720233 2120248 2820257 2420258 2720238 22 僱員及退休金計劃 20256 3057,045202557.80 16%20256104 202120241,19254,832,198202590432,083,238 4+3+2+N 股本結構、變動及股東情況 20256 305,235,235,4165,189,333,416A45,902,000H30.52%5,756,342,5485,482,072,548A274,270,000H33.55% 20254 8AH10202%12193,029,58397,349,583A95,680,000H1.13%10.15 20256 30 20256 30 持股5%或以上主要股東 20256 30XV23336 H 15,189,333,416A45,902,000H292,739,132A228,368,000H238,377,795A54,361,337A49,778,000H178,590,000H 2CITIC Securities Company LimitedH 20256 30XV23336 股份變動及批准情況 1. 202411 1936866,83120251 2720251 2417,156,498,90917,155,632,078 202411 1920251 21 20255 2813654,408 20255 28 2. 20255 28202132,083,23820256 13 20255 2820256 6 報告期末股東總數 20256 30AH366,917 前十名股東持股情況 20256 30 1AHAH 23,935,893,789HH 董事及最高行政人員所擁有的股份權益 20256 30230,000A4,000A4,000A 2021 20256 30(a)XV78(b)352(c) 2021 20256 3018 回購、出售和贖回本公司之股份 202411 192.852.0136866,831362,329,008.0820251 24 20255 282.721.8813654,408 集團資產抵押及質押 20256 303,484.7411 擔保情況 20256 3055.16 1.20217520256 30535.792.2020920256 300.663.20211220256 304.2023420256 3011.495.2023520256 301.096.2023620256 306.137.2023620256 30 公司管治 C1 C.2.120252 24202522820256 262025228C.2.1C.2.1C.2.1 有關董事及有關僱員的證券交易的行為守則 C3 董事會及其下轄委員會、股東會 20256 262024 20252 2420252 2620252 2620256 2620256 26 20256 2620256 26 20256 262024 747ESGHAH2025 320256 26 20256 26320256 26 20256 30 20254202024 20252 2420252 2820256 26 20256 262025626 20252 20256 26 20256 2620256 26 2025220252024–202720252021 20252 2420252 2820256 2620256 2620252 2420252 28 20256 2620256 2620256 26 20253202520252660MW ESG ESG320252 2820252 28 20256 26ESG3 2025ESG12024 31A1H 重要事項 1. 20247 1202532025320254(1)(2)(3)20255 2820256 262024 720256 26 2.2024 20253 262024202449.36124.000.217202420240.0820.135202423.16202414.07202437.23202430.02%2025 6 262024 20258 82024 3. 24 4. 202112 21202120211,19214,100A17,155,632,0780.82%721%1.00(1).1A50%3.08(2).20A50%2.981.0050%(1).1A(2).2060120A 20224 62021 20224 20[2022]157 20224 2620222022A2022H2021 20225 24525202120225 253.0894311,343.8220225 252022527 20226 14202120226 1393011,227.03 202211 2311242021202211 242.212852,753.63202212 5202212 10 202212 262021202212 232762,664.83 202310 2410252021202120223.083.012.212.174121621380S≥700.9212433,210,323 20241 2320241 293,210,32320241 2617,161,591,55117,158,381,228 20246 3202192244,392,758 20246 1444,392,75820246 20 20247 30202