$CHALCO(02600.HK)1. As the leading domestic aluminum company, it deeply benefits from stable growth policies such as "replacement of old products with new ones" and occupies a dominant position in the recovery of industrial metal demand and capacity optimization.

2. The high proportion of "green electrolytic aluminum" highlights its scarcity against the backdrop of carbon peaking and stricter environmental protection. Its clean production capacity will become a core advantage for future profits and market share.

3. The company continues to expand the application of high-end aluminum materials in fields such as new energy vehicles and aerospace. The upgrading of its product structure is expected to enhance overall profitability and valuation levels.