No 6, Chinalco
Aluminum Corporation of China, the world's second-largest alumina producer, finally turned profitable in 2013 after reporting losses for two years.
However, this was achieved through government subsidies and selling assets.
The company received 824 million yuan from the government, among which, a big amount was electricity subsidy of 545 million yuan.
Chinalco's total net profit was 948 million yuan.
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| People visit the stand of Chinalco (Aluminum Corporation of China) during an exhibition in Shanghai, July 14 2011. [Photo/dfic.cn] |
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