BOC International has released a research note stating that CHALCO (02600) anticipates its net profit for the first half of 2026 to increase by 58% to 73% year-on-year, reaching between 11.2 billion and 12.2 billion yuan. The company attributes this robust growth to stable production and its capability to capitalize on market trends. The report notes that CHALCO's performance guidance aligns with the bank's own projections. In its industry initiation report published last week, BOC International had forecast the company's first-half profit to rise approximately 65% year-on-year to around 11.6 billion yuan, primarily driven by higher average selling prices for primary aluminum. BOC International indicates it is maintaining its existing profit forecasts and a "Buy" rating for CHALCO, with the H-share target price unchanged at HK$9.16.