Aluminum Corporation Of China Limited’s Net Profit Dropped 20.8% in First Quarter of 2023

Aluminum Corporation Of China Limited (中国铝业股份有限公司) (601600.SH) reported a net profit of 2.9 billion yuan in the first quarter of 2023, down 20.8% year-on-year.

Meanwhile, the company posted 66.3 billion yuan in revenue, down 17.6% year-on-year.

At the end of the reporting period, it had 212.9 billion yuan in total assets and 122.1 billion yuan in total liabilities, with a liability-to-asset ratio of 57.4%.