Shenhuo Group Sees 112% Profit Jump in Q1-Q3 2026, Boosted by Higher Product Prices
On October 12, Shenhuo Group announced in a filing that it expects net profit attributable to shareholders of the listed company to reach RMB 7.40 billion for the first three quarters of 2026, up 112.05% year on year. The change in performance is mainly due to higher year-on-year selling prices of aluminum electrolysis and coal products and lower year-on-year prices of the main raw material, alumina, during the reporting period, which substantially strengthened the company's profitability.