Changhua shares in the first three quarters net profit of 27.14 million yuan decreased by 75.43 per cent compared with the same period last year

SMM10 22: Jiangsu Changal Aluminum Co., Ltd. recently announced the third quarter of 2018 results, the report shows that as of the end of this report, Changal shares of total assets of 6684387242.45, an increase of 2.43% at the end of last year. Total revenue for the reporting period was 1015456458.04, an increase of 0.88 per cent over the same period last year. Total revenue from the beginning of the year to the end of the reporting period was 2945433448.61, an increase of 2.33% over the same period last year. During the reporting period, the net profit attributable to shareholders of listed companies was 4986728.81, a decrease of 89.13% over the same period last year, and the net profit attributable to shareholders of listed companies from the beginning of the year to the end of the reporting period was 27144798.23, a decrease of 75.43% over the same period last year.

The main reasons for the performance changes are:

1. The impact of the Sino-US trade war led to the intensification of domestic product competition and the decline of gross profit margin;

2. The influence of aluminum price fluctuation on performance.