Shunbo Aluminum Reports 18.54% Revenue Growth, Expands in Cast and Wrought Aluminum Markets

On August 26, Shunbo Aluminum disclosed its semi-annual report. The company achieved revenue of 8.447 billion yuan in H1, up 18.54% YoY; net profit attributable to shareholders of the publicly listed firm was 195 million yuan, up 6.02% YoY.

The company has completed its strategic layout for the aluminum processing industry and has achieved a dual-wheel-driven strategic layout of "secondary cast aluminum alloy + secondary wrought aluminum alloy" advancing in coordination. In the cast aluminum alloy segment, the company relies on 1.05 million mt of capacity across four production sites to continuously expand the market and steadily increase its share of the Chinese market and enterprise profitability. In the wrought aluminum alloy segment, the company is actively building a second growth curve by acquiring Chongqing Aobo, which has 50,000 mt of aluminum plate/sheet and strip capacity, to enter the wrought aluminum market, and by promoting the construction and commissioning of the Anhui Shunbo Phase II project, extending toward deep aluminum processing and high-value-added products.