July 13, 2026 09:44 AM GMT Aluminum Corp. of China Ltd. | Asia Pacific Preliminary 2Q26 net earnings in line with expectations Reaction to earnings Unchanged Modest upside Largely unchanged Impact to our thesis Financial results versus consensus Direction of next 12-month consensus EPS Source: Company data, Morgan Stanley Research Chalco expects 1H26 net earnings to increase 58-73% YoY to Rmb11.2-12.2bn, in line with our estimate of Rmb11.7bn but above market expectations. The guidance implies 2Q26 net prof ...