Wanshun New Material: Net Profit and Revenue both Decline Year-on-Year in 2023, Aluminum Foil Sales Volume Drops by 13%

On April 10th, Wanshun New Material announced that the company's operating income in 2023 was 5.37 billion yuan, a decrease of 7.96% year-on-year; the net profit attributable to shareholders of the listed company was -49.89 million yuan, a decrease of 124.39% year-on-year. During the reporting period, due to factors such as downstream customers of the aluminum foil business slowing down destocking demand at the beginning of the year, a decrease in industry processing fees, and the intensification of the domestic and foreign aluminum prices inversion in the second half of the year, the profitability of the aluminum processing business was affected, coupled with the provision for asset impairment, resulting in an overall decline in the company's performance.