Shandong Nanshan Aluminium Co.Ltd(600219) first quarter net profit increased by 30% – 45%

Shandong Nanshan Aluminium Co.Ltd(600219) release performance forecast. It is estimated that the net profit attributable to the shareholders of the listed company in the first quarter of 2022 will be 697 million yuan to 778 million yuan, with a year-on-year increase of 30.04% to 45.15%. During the reporting period, the price of aluminum rose sharply compared with the same period last year. The company owned electrolytic aluminum and benefited from the rise in aluminum price and increased profits. The company benefited from the production capacity of Indonesia’s phase I 1 million ton alumina project, the volume and price rose simultaneously, and the profit increased compared with the same period last year.