On July 22, Nanshan Aluminum International announced that it expects net profit for the six months ending June 30, 2025, to be between $225 million and $265 million, compared to a net profit of $159 million for the six months ending June 30, 2024. The increase in net profit is primarily attributed to an improvement in gross profit margin, driven by higher selling prices of alumina and relatively stable unit production costs. In H1 2025, the average selling price of products was approximately $530 per mt, higher than the $387 per mt in H1 2024, but lower than the $561 per mt in H2 2024.
Additionally, the announcement mentioned that the increase in net profit was partially offset by higher income tax expenses. Due to the implementation of domestic tax laws in Indonesia, Singapore, and Hong Kong, the Group's effective tax rate was higher. The company is still finalizing its interim results for the period ending June 30, 2025, and the relevant data has not yet been confirmed by independent external auditors. The actual interim results may differ from the contents disclosed in the announcement. Shareholders and potential investors should exercise caution.
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