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Yunnan Aluminum Co., Ltd.: estimated net profit for the first half of the year is about 240 million yuan
Jul 15,2020 16:28CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 15: a few days ago, Yunnan Aluminum Co., Ltd. issued a half-year performance forecast for 2020: the profit is expected to be about 240 million yuan, compared with 161 million yuan in the same period last year, an increase of about 50% over the same period last year.

In the first half of 2020, the spot prices of Nanzhu aluminum ingots and Changjiang aluminum ingots were 13190 yuan / ton and 13137 yuan / ton respectively, down 4.61% and 4.77% respectively compared with the same period last year. The spot prices of southern aluminum ingots and Changjiang aluminum ingots in the second quarter of 2020 were 13065 yuan / ton and 12990 yuan / ton respectively, down 1.89% and 2.23% respectively compared with the first quarter of 2020. Affected by the epidemic situation of Xinguan pneumonia, Yunnan Aluminum Co., Ltd. (hereinafter referred to as "Yunnan Aluminum Co., Ltd." or "the company") is facing a relatively severe external environment, for this reason, the company actively responded to and carefully done the epidemic prevention and control and production and management work, flexibly adjust the product structure, increase marketing efforts, increase sales and reduce inventory; We will vigorously implement all-factor benchmarking and limit cost reduction measures, and actively strive for policy support such as epidemic prevention and control and resumption of work and production. After the domestic epidemic situation was alleviated, the domestic market stabilized, the company overcame various difficulties and grasped the construction and production of items, the production and sales volume increased significantly, and the company's operating performance increased compared with the same period last year.

It is understood that Yunnan Aluminum Co., Ltd. is mainly engaged in bauxite mining, alumina production, aluminum smelting, aluminum processing and aluminum carbon production, the main products are alumina, aluminum carbon, remelting aluminum ingots, round aluminum rods, aluminum alloy, aluminum plate, foil, aluminum welding materials and so on.

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