Home / Metal News / Nanshan Aluminium Net Profit Up 15.04% in 2014 on Product Portfolio Adjustment

Nanshan Aluminium Net Profit Up 15.04% in 2014 on Product Portfolio Adjustment

iconMar 30, 2015 14:57
Source:SMM
Shandong Nanshan Aluminium Co. reported 912.96 million yuan ($149 million) in net profit attributable to shareholders of its listed company in 2014, up 15.04% from 2013.
SHANGHAI, Mar. 30 (SMM) – Shandong Nanshan Aluminium Co. reported 912.96 million yuan ($149 million) in net profit attributable to shareholders of its listed company in 2014, up 15.04% from 2013, it said in its earnings report filed to the Shanghai Stock Exchange.
 
The vertically integrated company attributes the rise in profit largely to product portfolio adjustment, namely increasing production of higher-value added cold-rolled and extruded products. 
 
However, its revenues dropped 3.23% year-on-year to 14.06 billion yuan, due mainly to falling aluminum prices. 
 
Its 200,000-tpy large-size, high-performance special aluminum alloy project has entered trial, and is scheduled to come online fully in 2015. Its 14,000-tpy large, precision forging project has also started trials. Its 40,000-tpy precision, multi-functional aluminum foil project, targeting high-end market, is still under construction and slated to enter operations in 2017.
 
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 
Shandong Nanshan Aluminium Co.
2014 FY results

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All