Chalco reports 2024 profit surge, outlines dividend and risk plans

Aluminum Corp of China (Chalco, SSE: 601600) reported a robust 2024 financial performance marked by a significant profit surge, even as the company acknowledged potential risks ahead. Net profit attributable to shareholders soared 85.38% to RMB 12.4 billion, enabling the board to propose a cash dividend of RMB 0.217 per share, representing a 30.02% payout ratio. This includes an interim dividend of RMB 0.082 already paid and a planned final dividend of RMB 0.135 still subject to shareholder approval. The total planned payout for 2024 is RMB 3.723 billion. The dividend stems from a 19.26% net asset yield, up from 11.93% the prior year. In addition to outlining its dividend plans, Chalco is taking steps to bolster internal controls and mitigate risks. Chalco noted a number of potential risks it faces in the coming year, namely market volatility and competition, international operations and resource security, and safety and environmental concerns, also related to energy and carbon structure. To mitigate financial impacts, the company is employing a range of financial risk controls and policies. Finally, Chalco named its key executive team and its external board of directors, along with its committee assignments.