Mingtai Aluminum: net profit in the first three quarters is expected to increase by 95% Mel 98% compared with the same period last year.

According to a report released by Mingtai Aluminium, the net profit for the first three quarters is expected to be 1.4 billion yuan to 1.42 billion yuan, an increase of 682 million yuan, or 95% to 98%, from a year earlier to 702 million yuan.

According to the report, the reasons for the changes in performance are as follows:

(1) the company has a wide range of products and a wide range of applications, the proportion of high value-added products continues to increase, and the downstream demand is exuberant. During the reporting period, product processing fees were raised many times, and the overall profit increased significantly compared with the same period last year.

(2) the company is actively expanding the market. In the first three quarters of 2021, foreign trade sales increased by about 27% compared with the same period last year, domestic trade sales increased by about 23%, and the overall sales volume increased by about 170000 tons.

(3) the company actively responds to the national call for energy conservation, environmental protection and sustainable development, adheres to the road of green development, and implements recycling of recycled aluminum and comprehensive utilization of aluminum ash, so as to further reduce production costs and increase profit margins.