Inventory of China's aluminum industry in the second quarter to reproduce losses

China's aluminum industry (601600) reported today that, although the company's overall loss in the first half of the year, but still suffered losses in the second quarter, the loss is about 96.654 million yuan, the main cause of the losses is the company's inventory to the part of the depreciation prepared. Semi-annual reports show that the reporting period of the company to achieve operating income of about 59.78 billion yuan, an increase of 113.6%, the realization of net profit of about 530 million yuan, the same year, earnings per share of 0.04 yuan.　　But compared with the end of the first quarter of the net profit of about 630 million yuan, Chinalco in the second quarter of a single quarterly loss. It is noteworthy that, as at June 30, Chinalco's holdings of inventories should be recorded at a price depreciation of 363 million yuan, compared with the end of 2009 to prepare for the decline of 74 million yuan to increase the 289 million yuan.　　Chinalco said the main reason was that the net realizable value of the inventory held at the end of the reporting period was lower than the carrying amount of the book, which made it worth 297 million yuan in the first half of the year, and was prepared for 8 million yuan in the current period, due to the use and sale of inventory. In the first half of 2010, aluminum alumina in China's external sales price of 2427 yuan/ton, compared to the same period of 1745 Yuan/ton of sales rose 682 yuan/ton, up to 39.1%, The increase in external sales prices of alumina has increased the company's external transaction income by 2.173 billion yuan; the average price of external sales of original aluminum products is about 13600 yuan/ton, the average price of external sales increased by 2701 yuan/ton, which is about 10,900 yuan/ton in the same period, and the increase is 24.84%.　　The increase in external sales price has increased the external transaction income by 6.863 billion yuan. However, the aluminum processing business, which has been quite controversial, still loses money in the first half of this year. The annual report of the aluminum industry in China showed that the total operating income of the aluminum processing plate in the reporting period was a loss of 142 million yuan, although 减亏 270 million yuan a year earlier, it still failed to get out of the mire of loss.