[SMM inventory] Aluminum Company's overall performance fell in the first quarter, mainly due to rising costs of raw materials

SMM, April 28: so far, most listed companies have released first-quarter 2018 results, from the aluminum listed companies' performance reports and pre-growth reports, we can get a glimpse of the real state of the aluminum industry.

Judging from the aluminum listed companies that have disclosed first-quarter reports and first-quarter earnings forecasts, most of them have experienced a decline in performance. In addition to Mingtai Aluminum and Xinjiang Zhonghe net profit rose compared with the same period last year, including Chinalco, Minfa Aluminum and Shenhuo shares, the net profit of Jiaozuo Wanfang and Yunaluminum shares has changed from profit to loss. Among them, a number of companies in explaining the reasons for the decline in performance, mentioned that the sharp rise in the price of raw materials such as coal and alumina has led to a sharp increase in the company's operating costs compared with the same period last year.

Performance of Aluminum Enterprises in the first quarter

Nanshan Aluminum: on April 27, Nanshan Aluminum disclosed its report for the first quarter of 2018, with a net profit of 297 million yuan attributed to shareholders of listed companies during the reporting period, an increase of 3.81 percent over the same period last year.

Nanshan Aluminum said that the company's current performance growth is mainly due to the company continues to adjust the product structure, increased power battery foil, high-end aluminum and other high-value-added products production, aluminum foil, aluminum products production and sales have risen compared with the same period last year. Among them, the company's annual output of 200000 tons of super-large size and high-performance special aluminum alloy material production line project capacity continues to be released.

According to the announcement disclosed by Nanshan Aluminum on April 26, the company will raise 5 billion yuan to invest in "1 million tons of alumina project in Indonesia's Bentan Nanshan Industrial Park."

Mingtai Aluminum: net profit is expected to increase by about 58 million yuan, or about 80%, in the first quarter of 2018; The company recovered the aluminum ingot purchase money and interest prepaid in 2008 by Shanxi Zhenxing Group Co., Ltd. and included in the non-recurrent profit and loss, increasing the net profit for the current period by about 21.6 million yuan.

Zhonghe, Xinjiang: April 23, 2018 first quarter results report, data show that during the reporting period, the company achieved a net profit of 45041127.81 yuan, up 32.49 percent from 33996072.00 yuan in the same period last year.

Chinalco: on April 24, the report revealed that Chinalco's operating income in the first quarter was 36.67 billion yuan, with manufacturing costs and raw material prices of aluminum products rising sharply in the first quarter compared with the same period last year. The net profit belonging to the shareholders of the listed company is about 309 million yuan, and the asset-liability ratio has further decreased by 0.45 percentage points compared with the beginning of the year, and the effect of "deleveraging" continues to appear.

Minfa Aluminum Industry: on April 26, Minfa Aluminum released its first quarterly report for 2018, the company achieved 238 million yuan in revenue from January to March 2018, an increase of 9.51 percent over the same period last year, and the average growth rate of operating income in the nonferrous smelting and processing industry was 16.50 percent. The net profit belonging to the shareholders of the listed company was 4.0298 million yuan, down 40.22 percent from the same period last year.

The company said, first, because the price of aluminum ingots has continued to fall so far this year, inventory raw materials still need to digest the cost before; second, the continuous decline in aluminum ingot prices has led to a certain loss in the company's aluminum ingot hedging business; Third, the company's Spring Festival holiday this year slightly longer than last year, resulting in a reduction in production, aluminum profile sales revenue decreased.

Shenhuo shares: April 28, Shenhuo shares released results for the first quarter of 2018, data show that the company achieved revenue of 4712497479.78 yuan in the first quarter, an increase of 4.12 per cent over the same period last year. The company's net profit in the first quarter was 68777905.93 yuan, down 76.41 percent from 291581525.23 yuan in the same period last year.

Cloud aluminum shares: April 26, cloud aluminum shares released 2018 quarterly report, the company achieved revenue of 5.124 billion yuan in January-March 2018, an increase of 8.32% over the same period last year; The net profit belonging to the shareholders of listed companies was-105 million yuan, down 188.8 per cent from the same period last year.

The company said that the first quarter of 2018 is the off-season for consumption in the aluminum industry. affected by the off-season effect and Spring Festival factors, aluminum prices are relatively low. at the same time, the prices of bulk raw and auxiliary materials such as alumina, petroleum coke, and anode carbon blocks have risen. As a result, the company's production costs rose sharply from the same period last year.