Aluminum Corporation of China's 2021 net profit increased by 564.60% year-on-year, alumina and electrolytic aluminum production and sales increased year-on-year.

Chinalco recently released its annual report for 2021. According to the financial indicators disclosed in the annual report, Chinalco achieved operating income of 269.748 billion yuan in 2021, an increase of 45.03% over the same period last year, and the net profit of shareholders belonging to listed companies reached 5.08 billion yuan, an increase of 564.60% over the same period last year.

Aluminum Corporation of China is a leading enterprise in China's non-ferrous metals industry, and its comprehensive strength ranks in the forefront of the global aluminum industry. It is a large-scale aluminum production and operation enterprise integrating bauxite, coal and other resources, production, sales, technology research and development of alumina, primary aluminum, aluminum alloy and carbon products, international trade, logistics industry, firepower and new energy power generation.

In 2021, Chinalco produced 16.23 million tons of alumina, an increase of 11.73 percent over the same period last year, and sales of 9.12 million tons, an increase of 17.76 percent over the same period last year. The output of electrolytic aluminum was 3.86 million tons, up 4.61 percent over the same period last year, and the sales volume was 3.78 million tons, up 2.74 percent over the same period last year.

In 2021, electrolytic aluminum, as a high energy-consuming industry, under the influence of China's energy consumption "double control" and "double carbon" policy, production was limited, production was limited, projects were suspended, construction was suspended, production was delayed and electricity prices rose sharply, and the development of the industry was faced with unprecedented changes.

In the face of various complex external factors, such as the continued spread of the epidemic, drastic changes in industrial policies, market ups and downs, extreme weather in some areas, and military coups in Guinea, Chinalco actively responded, with promoting high-quality development as the theme, with the promotion of value creation ability as the leadership, with deepening all-factor alignment as the starting point, to implement, improve efficiency, create first-class, and achieve new results in high-quality development. Achieve a good start to the 14th five-year Plan.

In 2021, Chinalco will deeply carry out all-factor benchmarking, adopt the "five-step method" to promote full-factor benchmarking, improve the production management system, innovate production scheduling and command, strengthen production service guidance, and concentrate efforts to solve production technical management problems. At the same time, focus on high-quality development, build a new pattern of industrial development, increase the acquisition of resources, Wangwa Coal Mine successfully obtained mining certificates, access to 430 million tons of coal resources. The whole process of transportation and marketing of bauxite in Guinea has been completed, and the expansion project has been completed in an all-round way. Guangxi Jiaomei bauxite mine started construction, Shanxi new material 140000 tons of electrolytic aluminum resumed production, Baotou aluminum intelligent factory completed acceptance, Guangxi Huacheng intelligent factory formed 12 replicable modules; speed up the layout of green low-carbon industry, new energy, recycled aluminum, red mud comprehensive utilization, electrolytic aluminum "three wastes" disposal and other special work into the systematic implementation. The annual comprehensive utilization of red mud in Guangxi Branch has obtained 700000 tons of iron concentrate, Chinalco Shandong has built a 200000-ton production line for resource utilization of high-speed iron red mud, and the demonstration line for coordinated disposal of Shanxi new material secondary aluminum ash clinker kiln has been completed and put into production.

At the same time, many measures such as reconstructing the scientific and technological innovation system, deepening management reform and strengthening safety control have ensured the stable operation of the company as a whole.

Chinalco has always been aiming to become a world-class aluminum company with global competitiveness. The company's alumina production capacity ranks first in the world, high purity aluminum production ranked first in the world, original aluminum production capacity in the world second, carbon production capacity in the world first, fine alumina production capacity in the world first. While attaching importance to the acquisition of domestic resources, we should actively acquire new overseas bauxite resources in Africa and other places to improve the ability of sustainable development, not only the first in terms of domestic bauxite resources, but also about 1.8 billion tons of bauxite resources overseas, with a high degree of resource guarantee. Moreover, Chinalco has a complete aluminum industry chain, business covers mineral resources mining, alumina production, carbon, electrolytic aluminum and aluminum alloy production, high-tech development and promotion, international trade, logistics services, energy and electricity and other aspects.