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Engineering and construction contractor for aluminum and non-ferrous-metal smelting plants, part of the Chinalco group.
Engineering and construction contractor for aluminum and non-ferrous-metal smelting plants, part of the Chinalco group.
In one line: An aluminum-industry EPC specialist.
Moat: narrow (process know-how, customer qualification). In-house alumina/aluminum smelting technology and Chinalco's captive project pipeline.
Headquarters: Luoyang / Beijing, China · Employees: 10,336
Size China Aluminum International Engineering (2068.HK) is a Hong Kong Industrials company (Engineering & Construction) with a market value of $1.71B, the 457th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$1.57 on 6 Nov 2026.
Performance Over six months the shares fell 38.7%, against -4.3% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue fell 5.7% over the last twelve months (peer median +1.6%); the operating margin is 4.0% (peer median 6.1%).
Valuation It trades at 13.3× forward earnings against a peer median of 16.3× (7th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is +13 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.5 points below its cost of capital (6.6% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$23.5B | HK$25.0B | HK$25.9B | HK$24.6B | HK$27.4B |
| Revenue growth | — | -4% | +6% | -10% | — |
| Gross profit | HK$3.83B | HK$3.23B | HK$2.95B | HK$1.90B | HK$3.26B |
| EBITDA | n/a | HK$1.01B | HK$813M | -HK$2.58B | HK$833M |
| Net income | HK$274M | HK$279M | HK$240M | -HK$2.94B | HK$131M |
| Free cash flow | HK$766M | HK$866M | -HK$2.96B | HK$751M | -HK$4.51B |
| Capital expenditure | HK$249M | HK$107M | HK$87.4M | HK$57.0M | HK$5.19B |
| Total debt | HK$18.2B | HK$18.7B | HK$18.2B | HK$19.3B | HK$20.7B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| China Aluminum International Engineering 2068.HK | $1.71B | -39% | -6% | 4% | 13.3× | 11.9% |
| Aluminum Corporation of China 2600.HK | $20.9B | -37% | +7% | 17% | 4.8× | -11.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2068.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.7% | -0.8% | 5th lowest of 21 |
| 6-month return | -38.7% | -4.3% | 2nd lowest of 21 |
| Distance from 52-week high | -54.2% | -26.8% | lowest of 21 |
| Revenue growth (TTM) | -5.7% | +1.6% | 8th lowest of 21 |
| Operating margin | 4.0% | 6.1% | 9th lowest of 21 |
| Forward P/E | 13.3× | 16.3× | 7th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 11.9% | 1.4% | 4th most demanding of 15 |
| Growth delivered (Del g) | -0.6% | +5.0% | 4th lowest of 15 |
| Hurdle (Req g minus delivered) | +12.5 pp | -10.4 pp | 3rd most demanding of 15 |
| ROIC minus cost of capital | -2.5 pp | +1.0 pp | 4th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Aluminum International Engineering 2068.HK | Hong Kong | $1.71B | -39% | -6% | 4% | 13.3× | 11.9% | -0.6% |
| Chudenko 1941.T | Japan | $1.71B | +3% | +9% | 12% | 11.0× | -8.6% | +4.3% |
| Burkhalter BRKN.SW | Switzerland | $1.71B | -27% | -2% | 6% | 21.5× | -1.3% | +19.0% |
| SHO BOND 1414.T | Japan | $1.71B | -6% | -2% | 23% | 16.3× | -7.5% | +2.2% |
| NCC NCC-A.ST | Sweden | $1.69B | -3% | -17% | 3% | 22.2× | -1.6% | +0.7% |
| Tasmea TEA.AX | Australia | $1.73B | +49% | +136% | 8% | 18.9× | 4.6% | +59.3% |
| Envision Greenwise 1783.HK | Hong Kong | $1.68B | +38% | +183% | 3% | n/a | n/a | n/a |
| Suzhou Gold Mantis Construction and Decoration 002081.SZ | China | $1.74B | -25% | -8% | 3% | 29.6× | 12.2% | -11.1% |
| Engineers India ENGINERSIN.NS | India | $1.74B | +12% | +6% | 20% | 25.2× | 29.6% | +4.6% |
| Kier KIE.L | United Kingdom | $1.75B | +53% | +7% | 3% | 12.7× | -6.3% | +5.9% |
| Japan Elevator Service 6544.T | Japan | $1.65B | -9% | +17% | 19% | 29.3× | 4.0% | +18.6% |
| Shandong Hi-speed Road&bridge 000498.SZ | China | $1.65B | +20% | -9% | 7% | 4.9× | n/a | n/a |
| Guangdong Construction Engineering 002060.SZ | China | $1.79B | -15% | -11% | 3% | 8.0× | n/a | n/a |
| Badger Infrastructure Solutions BDGI.TO | Canada | $1.80B | -10% | +16% | 8% | 19.2× | 21.0% | +15.8% |
| Implenia IMPN.SW | Switzerland | $1.61B | +12% | -8% | 2% | 15.0× | 6.0% | -2.7% |
| China Next-Gen Commerce and Supply Chain 3928.HK | Hong Kong | $1.81B | +47% | -26% | -17% | n/a | n/a | n/a |
| MIRAIT ONE 1417.T | Japan | $1.60B | -24% | +5% | 6% | 10.4× | -5.7% | +5.4% |
| Mega Union Technology 6944.TW | Taiwan | $1.82B | -17% | +60% | 21% | 14.1× | -4.0% | +30.2% |
| China CAMC Engineering 002051.SZ | China | $1.58B | -15% | +14% | 5% | 40.3× | n/a | n/a |
| Zhejiang Youpon Integrated Ceiling 002718.SZ | China | $1.58B | +12% | -18% | -5% | n/a | n/a | n/a |
| Beijing Enterprises Water 0371.HK | Hong Kong | $1.86B | -48% | -5% | 24% | 9.5× | 4.2% | -1.2% |