Aluminum Corporation of China Limited reported audited consolidated earnings results for the year ended December 31, 2011. For the period, the company reported revenue of CNY 145,874,433,000 against CNY 120,994,847,000 for the same period in the last year. This was mainly attributable to the increase in the external sales and trading volume of the group's major products. Operating profit was CNY 3,586,607,000 against CNY 3,401,726,000 in the last year. Profit before income tax was CNY 817,996,000 against CNY 1,380,354,000 in the last year. Profit attributable to equity holders of the company was CNY 237,974,000 against CNY 778,008,000 in the last year. This was mainly attributable to the rise in finance cost arising from the consecutive interest hikes under the macro control of the State, the increase in the size of interest-bearing debts of the company, and the surge in the cost of raw materials, fuels and powers resulting in lowering of the profit margin of the group's certain major products. Basic and diluted earnings per share for profit attributable to the equity holders of the company were CNY 0.02 against CNY 0.06 in the last year. As of December 31, 2011, the group's capital commitment for investment in property, plant and equipment amounted to CNY 39,976 million, of which those contracted but not provided for amounted to CNY 6,451 million and those authorized but not contracted for amounted to CNY 33,525 million. For the year ended December 31, 2011, the group's net cash generated from operating activities amounted to CNY 2,490 million, representing a decrease of CNY 4,614 million from CNY 7,104 million of the preceding year, mainly attributable to the increase in trading volume following the group's business expansion as well as the increase in utilization of liquidity attributable to newly commissioned production capacity. It is expected that the company will record losses for the first quarter of 2012.