On March 21, Aluminum Corporation of China released its 2022 earnings report. According to the report, in 2022, Aluminum Corporation of China achieved operating income of 291 billion yuan, net profit of 10.8 billion yuan, operating net cash flow of 27.8 billion yuan, and the parent equity of 54.403 billion yuan at the end of the report was 54.403 billion yuan.
Aluminum industry of China said that the domestic electrolytic aluminum price fluctuated greatly last year, and the overall performance was the sharp increase in the first quarter, and the second quarter was affected by the adverse factors such as decreasing domestic demand; after late July, due to insufficient power supply, increasing operating pressure in southern provinces, the production capacity of electrolytic aluminum plants in the region was reduced, and the global macro pessimism improved, the aluminum price bottomed out, but due to the continuous low demand, the rebound is relatively limited. Overall, the annual center of gravity of aluminum prices continued to move up.
Despite the grim development situation of the industry, as the leader of the domestic aluminum industry, Chinalco has still maintained a good development trend."Chinalco has carried out total factor benchmarking through the characteristic" six-step method "and" five modernizations ', reduced the potential and product competitiveness, effectively resolved the adverse factors such as the price increase of raw and auxiliary materials, and made a positive contribution to the steady growth, the economy and the overall situation."Aluminum industry of China told the Securities Daily reporter said.
For the prospect of this year's aluminum price, Yao Xin, an analyst from Shanghai Steel Union aluminum Business Division, said in an interview with Securities Daily that most of this year's electrolytic aluminum production capacity increase comes from the resumption of production capacity, especially the resumption of production capacity in southwest China. The adequacy and stability of rainfall and hydroelectric power generation in southwest China this year are the key factors that determine the progress and resumption of production of electrolytic aluminum production capacity in southwest China, especially in Yunnan province.
"From the fundamental point of view, it is expected that the electrolytic aluminum industry can still maintain a certain profit level this year, and the annual electrolytic aluminum price is expected to be between 17,000 yuan / ton and 21,000 yuan / ton. However, aluminum has certain financial attributes, and the macro factors on domestic and overseas demand is more far-reaching, this year still can not ignore the impact of macro factors on aluminum price."Yao Xin said.
It is worth mentioning that, with the trend of automobile lightweight and aluminum used for photovoltaic installation, new energy has become the direction of high value-added transformation of aluminum industry.
"The use of new energy aluminum has become an important direction of enterprise transformation in the past two years. It is expected that the photovoltaic sector will drive aluminum consumption increase of about 800,000 tons to 1.2 million tons this year. Based on the continuous increase of the penetration rate of new energy vehicles, and the single aluminum consumption of traditional vehicles and new energy vehicles is increasing, it is expected that the automotive aluminum consumption is expected to increase to 320,000 tons this year."Yao Xin told reporters that the two directions of aluminum consumption increment is basically reflected in the industrial aluminum profile plate, according to the Mysteel survey at the beginning of this year, affected by the high industrial profile orders, some profile factories began to change the construction profile production line to industrial profile production line.
Chinalco said it will firmly seize the "double-carbon" development opportunities, take the new energy and green industries as the strategic support to promote the transformation and long-term planning, accelerate the construction of the "35" industrial pattern, and accelerate the cultivation of new business forms and new drivers.
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