China Alcoa International (02068): The consortium and Qingtongxia Aluminum signed the “EPC Project General Contracting Contract for the Qingtongxia Electrolyzer “Big Generation to Small” Upgrading Project”

Zhitong Finance App News, China Aluminum International (02068) issued an announcement. On November 27, 2025, the holding subsidiary of China Alcoa International Engineering Co., Ltd. (hereinafter referred to as the Company), Shenyang Aluminum-Magnesium Design and Research Institute Co., Ltd. (the lead party, hereinafter referred to as Shenyang Institute) and China Nonferrous Metallurgical Industry Sixth Metallurgical Construction Co., Ltd. (hereinafter referred to as Liuye), Qiye Installation Engineering Co., Ltd. (hereinafter referred to as Qiye), Yunnan Construction Investment Machinery Manufacturing and Installation Engineering Co., Ltd. (hereinafter referred to as Yunnan Construction Investment Machinery), Five Mining 23 Metallurgical Construction Group Co., Ltd. ( (hereinafter referred to as 23 Metallurgy) formed a consortium and won the bid for the “big generation to small” upgrade project for the Qingtongxia Electrolyzer.

Recently, the Shenyang Institute, a consortium composed of Liuye, Qiye, Yunnan Construction Investment Machinery, and 23 Metallurgical, and Qingtongxia Aluminum Co., Ltd. signed the “EPC Project General Contracting Contract for the “Big Generation and Small” Upgrading Project of the Qingtongxia Electrolyzer (hereinafter referred to as the contract).

Scope of project contracting: The “big generation and small” upgrade project of the Qingtongxia Electrolyzer has a design capacity of 420,000 tons. The main construction contents are production systems such as power supply rectification systems, electrolytic production areas, raw material storage and transportation, anode assembly and production areas, electrolytic flue gas purification, etc., and necessary auxiliary system engineering and welfare facilities. Using the EPC engineering general contracting method, from engineering design (including preliminary design) to the commissioning of the project, it has passed a high level of commissioning and project excellence acceptance, and has met the specified performance guarantee targets and the warranty period has expired. All the work required to build a complete 420,000 ton electrolytic aluminum project.

The contract signed this time is a daily operating contract. There is no related relationship between the company and the issuer, and the transaction involved does not constitute a related transaction. The total contract amount for this project is RMB 2,909 billion, of which the company's holding subsidiary Shenyang Institute and its wholly-owned subsidiary Liuye are responsible for implementing the contract amount of about RMB 2,348 billion, accounting for 9.78% of the company's audited revenue in 2024. If the project contract is successfully implemented, it will have a positive impact on the company's current and future annual performance, and help enhance the company's continued profitability.