China Hongqiao's net profit in 2021 increased by 53% compared with the same period last year, and its aluminum output reached 5.633 million tons.

On March 18, China Hongqiao disclosed its annual performance data for 2021, which showed that China Hongqiao realized operating income of 114.491 billion yuan in 2021, an increase of 32.9% over the same period last year, and its total profit reached 30.453 billion yuan, an increase of 57.3% over the same period last year. Net profit belonging to shareholders of listed companies reached 16.073 billion yuan, an increase of 53.1% over the same period last year.

China Hongqiao said in the announcement that with the continued recovery of the global economy, industries such as new energy vehicles, infrastructure, household consumption and electronics and power have developed steadily, further driving the consumption of aluminum products. On the supply side, there is a shortage of aluminum products due to factors such as double control of energy consumption, tight power supply and capacity ceilings in China, and the production side is affected by the rising prices of various production factors such as coal, resulting in an increase in production costs. the sales prices of aluminum products continue to rise and remain high. In addition, with the urgent demand for lightweight in various industries, scientific research and investment are increasing, the application field of aluminum is expanding accordingly, the aluminum industry chain is also extending, and aluminum application has maintained a good development trend, which is conducive to the medium-and long-term development of the aluminum industry.

In addition, the lightweight base built around the "three new and one high" material strategy of China Hongqiao has been completed and put into production. Speed up the construction of the Zhongde Hongshun Recycling Industrial Park project, and the first waste aluminum recycling production line was installed by the end of 2012. At the same time, according to the changes of national and local policies and power supply, we will steadily and orderly promote the construction of Yunnan Green Aluminum Innovation Industrial Park. In terms of overseas business, the bauxite project in Guinea continues to advance and the second phase of alumina project in Indonesia will be put into production at the end of 2021.

At the same time, in the report, China Hongqiao reviewed the business completion in 2011. the output of aluminum alloy products and processed aluminum alloy products completed in 2021 were about 5.633 million tons and 672000 tons respectively, a slight increase over the same period last year. Sales of aluminum alloy products reached about 5.052 million tons, basically the same as the same period last year; sales of processed aluminum alloy products were about 657000 tons, an increase of about 9.2 percent over the same period last year; and sales of alumina products were about 7.163 million tons, an increase of about 6.4 percent over the same period last year.