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Yunnan Aluminium Co., Ltd. (000807): performance significantly exceeded expectations, with the rise in production capacity utilization rate and prices and volume, the company's Alpha is highlighted.
Event: The company announced to achieve a net income attributable to the parent company of 2.4-2.6 billion yuan in H1 2024, a year-on-year increase of 58.42%-71.62%; after non-recurring items, it is 2.3-2.5 billion yuan, a year-on-year increase of 54.
Express News | 13 listed aluminum companies have released performance forecasts for the first half of the year, with Yongmao Tai expecting the highest year-on-year increase of up to 14 times.
Yunnan Aluminium (000807) forecasts a 6%-23% increase in net profit attributable to shareholders in Q2, meeting expectations.
Key takeaways: As per the performance update, the company's net income attributable to the parent for Q2 2024 is expected to increase by 6%-23%, meeting expectations. The company released its performance update, stating that it is expected to achieve a net income attributable to the parent of 1.236-1.436 billion yuan for Q2 2024, up by +96%-128% year-on-year.
Yunnan Aluminium: Yunnan Aluminum Co., Ltd.'s performance forecast for the first half of 2024.
Yunnan Aluminium's net income in H1 is expected to increase by more than 50%, and the resumption of Yunnan electrolytic aluminum is basically completed. | Speed read announcement
Benefiting from the basically completed resumption of electrolytic aluminum production in Yunnan region and high aluminum prices, Yunnan Aluminium Co., Ltd.'s net income in H1 is expected to increase by more than 50%; In the first half of the year, the average profit of the domestic electrolytic aluminum industry reached 3000 yuan/ton.
Yunnan Aluminium expects a year-on-year increase of 58.42% to 71.62% in net income for the first half of the year.
On July 10th, Gelonhui announced that Yunnan Aluminium is expected to achieve a net income of 2.4 to 2.6 billion yuan in the first half of 2024, up by 58.42% to 71.62% year-on-year. The main reason for the performance growth is due to the company's increased communication with the electrical utilities department, accelerated progress in the resumption of electrolytic aluminum production capacity, and taking advantage of the market opportunity of rising aluminum price. The sales volume of aluminum products has increased significantly compared to the same period last year.
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