The total assets of China Aluminium Corporation has reached 100.6 billion yuan by the end of 2005, with prime operating revenue and gross volume of profits and tax registering 65 billion yuan and 20.5 billion yuan, up 31 percent and 41 percent from last year respectively. The return on net asset stood at 18.5 percent, a year-on-year increase of 2.2 percent.

Currently the short-term financing bond of Aluminium Corporation China Limited whose controlling stake is owned by China Aluminium Corporation has been approved and issued shortly after the company went public in New York and Hong Kong in 2001, and now it is ready for listing on the A share market.

According Lv Youqing, vice president of China Aluminium Corporation, the output of alumina, electrolytic aluminium and aluminium alloy reached 7.8 million, 1.42 million and 0.41 million tons, up 15.46 percent, 16.32 percent and 28.44 percent respectively.

With a series of aluminium processing projects launched one after another, the aluminium industrial chain is greatly improved. Meanwhile by speeding up industrial integration, China Aluminium Corporation finished the merger and acquisition of two companies of the same trade in Lanzhou city and Shanxi province.

By People's Daily Online