FINANCIAL HIGHLIGHTS
- The contracts backlog of the Group for the year ended 31 December 2015 amounted to RMB19.45 billion, representing an increase of 2.8% over last year.
- Profit for the year ended 31 December 2015 amounted to RMB670 million, representing a decrease of 18.4% over last year.
- As of December 31, 2015, the gearing ratio was 67.1%, representing a decrease of 5.6% over last year.
- The net outflow from operating activities was RMB480 million for the year ended 31 December 2015, representing a decrease of RMB470 million as compared with net outflow of RMB940 million last year.
- Earnings per share for the year ended 31 December 2015 was RMB0.20. The proposed dividends of RMB0.6 every ten shares in cash. Dividend payout ratio was 33.1%.
(1st April, 2016－Hong Kong) China Aluminum International Engineering Corporation Limited ("China Aluminum International" or the "Company"; stock code: 2068) is pleased to announce the annual results for the whole year ended 31 December 2015.
2015 is a crucial year for China comprehensively deepen reforms, Chinese economy is entering a new status. The nonferrous metal industry is facing pressures from different ways, such as the demands of market are declining, production costs are raising, and under the unfavorable background of significant overcapacity and aggravated loss in the nonferrous metals industry. The Company sized the market opportunities, maintained their traditional advantages, innovated their working vision, see "One Belt, One Road" as a chance, promote urbanization projects effectively and actively, and implement effective measures and aggressive market expansion.
Due to its outstanding management and efforts, China Aluminum International earned "The Best Company in Management" in "Golden Bauhinia Awards" from China Securities (中國證券「金紫荊獎」) in November 2015. China Securities "Golden Bauhinia Award" is the most credible selection of listed companies after 20 years development of China's capital market. This election is the highest level to judge the largest listed companies and their executives on both coasts. It shows the authority of the media and the industry on the international governance standards in aluminum high degree of recognition. Two achievements which the Company has its key participation including "Development and application of new structure of cathode of major energy-saving technologies for smelters" and"the pollution reduction and clean production of heavy metal" received the second prize of the National S&T Awards. It shows and proves the powerful strength of China Aluminum International, and significant on raising the image and impact of the brand.
Looking ahead, in 2016, the tension from declining price level of nonferrous metal will be eased, but the problem of severe overcapacity cannot be solved within a short period of time. The directions for nonferrous metal industry to get rid of the challenges and undergo transformation and upgrade are expansion in application, replacement of steel with aluminum, acceleration of structural adjustment by implementation of measures like eliminating or transferring backward capacity, and modifying resource allocation. The Company will Keep abreast with the national development strategy and extend the business chain, speed up the application studies on aluminum to help relieve the aluminum industry ,enhance R&D efforts to create long-term competitive advantages, and reinforce capital operations to promote the business expansion of the Company in final.
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About China Aluminum International Engineering Corporation Limited
The Company is a leading technology, engineering service and equipment provider in the non-ferrous metals industry in China, capable of providing full-business-chain integrated engineering solutions throughout various stages of the non-ferrous metals production chain. Aluminum Corporation of China is the controlling shareholder of the Company. The business of the Company consists of four major areas: engineering design and consultancy, engineering and construction contracting, equipment manufacturing and trade. The Company was the EPC contractor for the largest alumina refinery with the biggest one-off investment in China's non-ferrous metals industry, which won the highest prize of China's construction industry, which is the Luban Prize.
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