SMM News: Minfa Aluminum announced on the evening of July 6 that in the first half of 2020, the company achieved a net profit of 30.4718 million yuan to 33.8576 million yuan belonging to shareholders of listed companies, a pre-increase of 80 to 100 percent over the same period last year.
The main reasons for the changes in the net profit expected to be attributed to the shareholders of the listed company are:
1. The business income of industrial aluminum profiles, building aluminum profiles and aluminum formwork increased compared with the same period last year, and profits increased accordingly.
2, the company strengthens the internal management, pays attention to the cost control, enhances the benefit;
3. The company's non-recurrent profit and loss during the reporting period was about 5.96 million yuan, an increase of 287.07% over the same period last year, mainly due to the increase in government subsidies. The amount of government subsidies received during the reporting period was about 5.22 million yuan.
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