SMM7, 22 July: Chinalco Group refreshed its best results in half a year in the first half of 2019, with operating income exceeding 170 billion yuan, an increase of 26.5 percent over the same period last year, profit up 31.8 percent over the same period last year, and net profit increasing by more than 40 percent over the same period last year.
At present, the aluminum industry strength of Chinalco Group is the first in the world, the comprehensive strength of copper industry is the first in China, the comprehensive strength of lead, zinc and germanium is the first in Asia and the fourth in the world, and has become the largest non-ferrous metal enterprise in the world. In addition, Chinalco and Chinalco have also received the highest international rating in the world's non-ferrous metals industry.
According to Chinalco, its main business sectors and platform companies were all profitable in the first half of the year, and profits in some of the major sectors also increased significantly. The continuous profit growth shows that Chinalco has found the most suitable management method and management strategy for itself. Chinalco focuses on the front end of the industrial chain and the high end of the value chain, and opens up new markets and profit points through the development of high value-added products.
In terms of lead and zinc, Chinalco gained a lot in the first half of the year. Yunye Group, which has been merged into Chinalco for only more than a year, has been fully alleviated through Chinalco's capital injection, reform and activation of a series of operations, and made its first profit in nearly eight years in the first half of the year. it has become the main force in Chinalco's expansion of lead and zinc and other metals business.
Chinalco's strong reserve of scientific and technological strength and the "4-4" development strategy (that is, strengthening and improving the four core industries of aluminum, copper, rare earth and lead and zinc) are the key to improving its core competitiveness and industry guidance ability.
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