On July 12, Guosen Securities released a research report stating that Aluminum Corporation of China's preliminary performance in the first half of the year exceeded expectations, with a net profit expected to increase by 90% to 114% year-on-year, reaching between 6.5 billion and 7.3 billion yuan, which accounts for 73% to 82% of the bank's estimated annual profit, as well as the market's generally expected profit of 72% to 81% for the year. The bank estimates that its second-quarter net profit is expected to reach 4.3 billion to 5.1 billion yuan, which also exceeds the expected 3.1 billion yuan predicted by UBS. Due to the performance significantly exceeding market expectations, UBS expects a positive response from investors and has given a "buy" rating, maintaining a target price of HKD 6.6 for H shares.