BEIJING, Feb. 7 (InfoChina) – Jiaozuo Wanfang Aluminum Co., Ltd. (000612), the Shenzhen-listed subsidiary of Aluminum Corp of China (Chalco, ACH.NYSE, 2600.HK) with a 29 percent stake, announced on February 7 that it generated 276 million yuan in net profit in 2006, surging 326.31 percent year on year.

The main operating turnover of Jiaozuo Wanfang totaled 4.04 billion yuan in 2006, soaring 38.98 percent year on year, with earnings per share reaching 0.574 yuan, turning from the negative figure last year.

The following is a table showing the main business indicators for 2006 of Jiaozuo Wanfang:

    The output of aluminum ingots, the leading product of the company, amounted to 227,300 tons in 2006, rising 11.42 percent year on year; and the sales was 229,700 tons, up 13.38 percent. Thanks to the high-level price of aluminum ingots last year, aluminum ingots contributed the most of 3.4 billion yuan to the company’s main operating turnover, with a profit margin of 15.34 percent, analyzed in the statement.

     For the prospects of 2007, the company plans to consolidate its dominance in electrolytic aluminum sector, and actively develop aluminum alloy and aluminum processing projects this year. It is learned that the second-phase aluminum alloy project is still under construction by Jiaozuo Wanfang, with a designed annual production capacity of 170,000 tons of aluminum alloys. It is expected to be put into operation within 2007. Jiaozuo Wanfang pledges to produce totally 281,000 tons of aluminum products for the whole 2007.